BitRewards
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MarketPairPriceVolume 24H24H (price)24H (volume)
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HitBTC
BIT/ETH 3 months ago$ 0.0002$ 5.177 K12.59%9.91% -
Idex
BIT/ETH 3 months ago$ 0.0001---
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1 BIT=0.00005 ETH
About BitRewards
BitRewards is one of the first blockchain movers in a +$100 billion industry of loyalty software, points, miles, stamps, bonuses and gift cards. The project is based on our working loyalty SaaS business GIFTD.
With the advent of decentralized technologies, bringing the new approach to the transfer of value, the loyalty industry is bound to change profoundly.
Now merchants and customers are arch-enemies:
The customers don't care about the loyalty to brands or merchants — they want free stuff and easily switch brands.
And the merchants need to protect their bottom line and try to extract as much from every customer as possible often slipping to manipulation.
BitRewards is designed to turn this around and make merchants and customers friends again.
It is an AI-based blockchain loyalty platform and ecosystem that enables online retailers to reward their customers' purchases, friends' invites, social media actions, personal details and data sharing and other valuable behavior with crypto-currency "BIT".
"BETTER THAN CASH" REWARDS for customers.
It has an absolute value for the customers, as they get for their purchases and activities the liquid Ethereum-based tokens, which can be traded at an exchange, transferred to another wallet or redeemed for purchases. The tokens are also designed so that they can go up in value in the course of time, which will give the customers a chance to see their rewards appreciate rather than expire.
GAME-CHANGING SOLUTIONS for merchants.
Merchants get valuable loyalty technology, which allows them to manage the behavior of their users via the data-driven set of tools, which they can frictionlessly integrate with their web stores.
A comprehensive loyalty program increases the merchant’s revenue by dozens of percentage points*. The merchants are also tapping into the crypto-enthusiasts audience, which is very active and appreciates the attention from the early adopters of technology.
The unique value proposition for the merchants is that BitRewards will offer this premium out of the box software free of charge. They will only have to buy BIT tokens to reward their users. The value of such software starts from $100-200/month. Therefore thousands of online stores will be keen to connect to the platform. We can make such a claim because we operate in the market of rewards and loyalty software for more than five years and know the problems and daily needs of the merchants.
The team of BitRewards consists of probably the strongest tech core, who works on the blockchain for the retail industry. Coupled with business development and financial expertise of other members, the team is perfectly prepared to deliver an impeccable product to the global market.
Competition is far behind with little experience, confusing business models and often non-existing product.
BitRewards is compatible with the most existing e-commerce systems (Magento, Shopify, WordPress, Ecwid, etc.) and has signed letters of intent with the online store builder platforms, which service more than a million online stores globally.
* Historical average achieved over a period in 2017.
Features
Merchants get a AI-powered rewards platform for free. Shoppers are rewarded for purchases with cryptocurrency.
Technical Info
BIT token is an ERC-20 standard-basis Ethereum token.
BitRewards Roadmap
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Development
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Development of points based loyalty system GIFTD designed to reward shoppers.
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November, 2016 - February, 2017
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Development of a points based loyalty system GIFTD designed to reward shoppers. (Сompleted)
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Structuring the concept of using ETH blockchain
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Structuring using Ethereum blockchain with loyalty and rewards tools and customer development of the crypto-rewards for e-commerce industry
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February – October, 2017
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Structuring the concept of using Ethereum blockchain with loyalty and rewards tools and customer development of the cryptorewards for e-commerce industry, team hiring. (Сompleted)
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October 2017 - May 2018
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The full-functioning loyalty system BitRewards for the retailer and the user's crypto-wallet connected to the loyalty program, with access on the website of retailer and BitRewards website
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Full-functioning rewards and loyalty platform
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USA market expansion, research, customer development, marketing campaign.
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Retailer Crypto-wallet
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Retailer Crypto-wallet and liquidity management smart contract
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March - June, 2018
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Retailer Crypto-wallet and liquidity management smart contract
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Integration of loyalty system
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Integration of loyalty system with Lightning Network and Raiden Network
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June - July, 2018
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Integration of loyalty system with Lightning Network and Raiden Network (after the launch of these technologies).
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Customer’s Mobile app with crypto-wallet
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Customer’s Mobile app with crypto-wallet
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June - August, 2018
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Customer’s Mobile app with crypto-wallet.
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The Alpha-version
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Asian market expansion, research, customer development, marketing campaign.
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July - November, 2018
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Introduction of digital gift cards and scanning of loyalty cards into the mobile wallet.
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Mobile SDK for merchants’ apps
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Mobile SDK for merchants’ apps
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September - December, 2018
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Mobile SDK for merchants’ apps.
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Integration of AI and machine learning
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Integration of AI and machine learning into the BitRewards platform
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January - April, 2019
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Integration of AI and machine learning into the BitRewards platform.
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Blockchain based traffic exchange
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Blockchain based traffic exchange between online and offline merchants
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April - May, 2019
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Blockchain based traffic exchange between online and offline merchants.
Activity
BitRewards Team
Verified 59%
Attention. There is a risk that unverified members are not actually members of the team
Advisors
Verified 14%
Attention. There is a risk that unverified members are not actually members of the team
BitRewards Interviews
I strongly believe in the idea of incentivizing shoppers with crypto. The shops would love it, and the people will do. We have a ready-made product and a great experience in adjusting marketing tools for any specific shop's needs, so I expect that BitRewards will reach the clients all over the globe.
• Collaborate with other professionals to determine functional and non-functional requirements of a product
• Create representations for functions and user interface of a product
• Develop high-level product specifications with attention to system integration and feasibility
• Define all aspects of development from appropriate technology and workflow to coding standards
• Communicate successfully all concepts and guidelines to development team
• Oversee progress of development team to ensure consistency with initial design
• Provide technical guidance and coaching to developers and engineers
• Ensure software meets all requirements of quality, security, modifiability, extensibility etc.
• Approve final product before launch
• Create concept of blockchain integration
I'm proud to represent this project and team before the accredited investor community in the US.
BitRewards Reviews
BITREWARDS is a B2B2C rewards and loyalty solution built using Block chain and smart contract technology. The platform enables merchants to reward shoppers with bitrewards token (BT) for their friends purchases and other valuable actions with configurable rewards.
PROS:
- The platform token complies with all the standards enabling its use in conducting all the operations within the ecosystem
- User friendly: The users have single wallet accessible from the website of any participating merchant or mobile application. There is also no need to register in a stand able loyalty program of each retailer
- The acquired token van be redeemed in any bank as well as transferring values into token and credit directly into users wallets at lower rates
- Frequent updates : The user receives regular reports and offers available in stores where they made their purchases which serve to incentivize their future ones
- Lower cost: The merchant can use the platform for free and even easily install and set it up with no requirement of technological skills and knowledge
- The platform is easily supported by IOS and mobile applications which replicates the functionality of the web application for the project
CONS:
- The set rules by Know Your Client (KYC) has to be met by the users before acquiring the BIT token
- The token pre-sale is not determined at the initial stage
SUGGESTIONS:
- The platform should provide easy entry and use of its token
- Configure the platform token with other crypto currencies
Like several other previously launched loyalty programs, BitRewards too has something different to provide its target users. The project looks promising enough with its crypto incentive system, but it will have to vie with its competitors
If you think that this project has the potential to be a lucrative one, then get ready to join its pre-sale, which will begin on March 31, 2018.
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