BitRewards. Loyalty Platform
BitRewards is a new blockchain based platform which allows retailers to reward their customers for certain purchases or invited friends. Reward with cryptocurrency. It’s like a loyalty program but in the blockchain world. Why is it so special? Because it’s rather interesting to potential clients. It solves problems of existing loyalty programs.
According to marketing specialists, a huge amount of money (about $20 billion) is spent every year to attract new clients. Despite such an impressive budget, it is not that simple to draw the attention of a potential client, because it’s difficult to get something really valuable, and something not that valuable is not that interesting.
BitRewards platform is going to solve this problem, implementing the following:
● Each retailer gets a free mobile application with loyalty program;
● As a reward, users will receive tokens with real value. They’ll be able to spend them on goods or exchange for fiat;
● The system’s algorithm is based on artificial intelligence. It guarantees that bonuses are assigned fairly and all transactions are carried out individually.
The system easily integrates into online trading platforms developed on Magento, Shopify, WordPress and OpenCart. As a result of complete decentralization of the platform, the transactions are not limited in any way. Anyone can become a member. All you have to do is spend three minutes to register.
Interaction between platform users
BitRewards has some features marking it out among other loyalty programs:
● It’s unique for clients. As was said above, a client is rewarded with tokens for each transaction - Ethereum based tokens. These bonuses are valuable for the clients as they can spend them on future purchases or transfer them to any cryptocurrency wallet. The developers took into account the tokens price rise and thereby limited their number. This offer will definitely attract a potential client as for his purchases he receives not some abstract stuff but real cryptocurrency.
● It’s unique for retailers. First of all, because retailers get not only potential clients but actual customers. This loyalty program allows them to significantly increase their profits. Besides, such a useful and functional platform is available to the public. The retailer only has to buy tokens at the open market to be able to reward his clients. Cost of the tokens is nothing in comparison with the resulting profits. No wonder that Bitrewards attracts more and more users each month.
Unit of account in BitRewards
BitRewards’ internal unit of account is called BIT. It’s developed according to ERC20 standard. This unit is used in all transactions carried out within the system. The retailers can buy tokens at the open market and with the help of smart-contracts.
The customer receives tokens as a reward for his purchases. BIT can be used for further purchases or exchanged for real money. The system member can not only receive tokens as a reward but buy them at the open market. The cost of one unit of account depends on the results of trades in virtual exchanges.
BIT can be kept in system’s internal wallet. Each member can add a credit card to the wallet and use it for payments in offline stores.
A high demand for BitRewards tokens is expected due to their limited edition (only 2 billion) and constant increase in the number of retailers in the system.
The users are encouraged to keep the BIT on their accounts as there’s always a possibility of its price rise. As a result, it can be quite hard to buy a BIT in the future.
ICO BitRewards
An ICO was launched to support development of this rather useful project. The ICO consists of three stages:
● The first stage is the closed pre-sale. 21 million of units were sold with a discount of 42%. It started in November 2017;
● The second stage is Pre-ICO. Started in January 2018. 170 million of tokens for sale. Discount – 39%.
● The third stage is the main ICO. 2 billion of tokens are expected to be sold at full price.
It is planned to distribute 69% of the sold tokens among the participants. The rest will be distributed among the platform developers, advisers and owners of the Bitreward company.
Distribution of income obtained from the sale of BIT
• 39% - project’s promotion;
• 27% - solutions development;
• 16% - management;
• 12% - equipment costs;
• 6% - legal services costs.
Platform creators
BitRewards creators have more than 5 years’ experience in the field of blockchain based solutions. They have enough knowledge and desire to introduce their product to the public:
● Aleksey Egorov - CEO. Works in commerce since 2012;
● Aleksandr Nevidimov - CTO. Joined the team in 2013. He takes a great interest in cryptocurrency. Aleksandr was among the main developers of large bitcoin mining pools;
● Aleksey Kladov - software engineer. He’s been working in the field of cryptocurrency since 2010. Aleksey works on introduction of cryptocurrency to the real economy.
Besides these three key persons the company staff consists of 24 full-time employees and several invited advisors.
More information:
Website: https://bitrewards.network
Facebook: https://www.facebook.com/bitrewards.network
Twitter: https://twitter.com/bitrewards
Тelegram: https://t.me/bitrewards
Whitepaper: https://bitrewards.network/wp.pdf
Author: saycryptohello, bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1336255