BitRewards

BitRewards

Created using Figma
Created using Figma
BitRewards is a blockchain loyalty platform and ecosystem that enables retailers to reward their customers' purchases, friends' invited and other configurable actions with crypto-currency. Loyalty is trust. Trust is called a new currency, much like the bitcoin, because the difference in trust between a company and its competitor directly translates into how much money each is going to make. Loyalty programs are not only costly, but also time consuming and cumbersome to set up. Often times, customers get only more frustrated from participation in them, complaining about difficulty to earn points or bonuses and to redeem them. BitRewards is compatible with most existing e-commerce systems (Magento, Shopify, WordPress, Ecwid, etc.). It is easy to integrate and has a simple API.
  • Market
    Price
    Open 24H
    Range 24H
    Volume 24H
    Change 24H
  • CCEX
    one year ago
    $ 0.0040
    $ 0.0040
    L: $ 0.0040
    H: $ 0.0040
    -
    -
Sale
May 1, 2018
May 31, 2018
100% completed
$3 220 000
hard cap
cap
64% hard cap completed
Cap 3 000 000 USD
Hard cap 5 000 000 USD
past
Pre-sale
Mar 1, 2018
Apr 30, 2018
100% completed
$2 735 924
91% cap completed
Cap 3 000 000 USD
past
Privat Pre-sale
Nov 25, 2017
Feb 28, 2018
100% completed
Raised funds - no Data
past
  • 1 BIT
    =
    0.00005 ETH
Token Details
Ticker
BIT
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Russia
Additional Details
Platform
Ethereum
Whitelist
Yes , from Mar 14, 2018
KYC
Yes
Categories
Platform, Software

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

  • Development

  • Development of points based loyalty system GIFTD designed to reward shoppers.
  • November, 2016 - February, 2017

  • Development of a points based loyalty system GIFTD designed to reward shoppers. (Сompleted)
  • Structuring the concept of using ETH blockchain

  • Structuring using Ethereum blockchain with loyalty and rewards tools and customer development of the crypto-rewards for e-commerce industry
  • February – October, 2017

  • 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)
  • Read More
  • October 2017 - May 2018

  • 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
  • Full-functioning rewards and loyalty platform

  • USA market expansion, research, customer development, marketing campaign.
  • Retailer Crypto-wallet

  • Retailer Crypto-wallet and liquidity management smart contract
  • March - June, 2018

  • Retailer Crypto-wallet and liquidity management smart contract
  • Integration of loyalty system

  • Integration of loyalty system with Lightning Network and Raiden Network
  • June - July, 2018

  • Integration of loyalty system with Lightning Network and Raiden Network (after the launch of these technologies).
  • Customer’s Mobile app with crypto-wallet

  • Customer’s Mobile app with crypto-wallet
  • June - August, 2018

  • Customer’s Mobile app with crypto-wallet.
  • The Alpha-version

  • Asian market expansion, research, customer development, marketing campaign.
  • July - November, 2018

  • Introduction of digital gift cards and scanning of loyalty cards into the mobile wallet.
  • Mobile SDK for merchants’ apps

  • Mobile SDK for merchants’ apps
  • September - December, 2018

  • Mobile SDK for merchants’ apps.
  • Integration of AI and machine learning

  • Integration of AI and machine learning into the BitRewards platform
  • January - April, 2019

  • Integration of AI and machine learning into the BitRewards platform.
  • Blockchain based traffic exchange

  • Blockchain based traffic exchange between online and offline merchants
  • April - May, 2019

  • Blockchain based traffic exchange between online and offline merchants.

Activity

Activity:
108
MEDIUM
Posts:
2 668
VERY HIGH
Views:
13 094
VERY HIGH
Activity:
378
HIGH
Merit:
10
LOW
Posts:
5 596
VERY HIGH
Views:
37 781
VERY HIGH
Users:
1 322
VERY HIGH
Posts:
534
VERY HIGH
Followers:
1 578
LOW
Likes:
1 493
LOW
Followers:
14 949
VERY HIGH
Tweets:
322
HIGH
30 Days Growth:
-476
Members:
17 402
VERY HIGH
30 Days Growth:
-1885
Alexa
Rank:
1 658 875
VERY LOW
Delta:
1 015 657

Team

Verified 59%

Attention. There is a risk that unverified members are not actually members of the team

CEO
verified
CTO, Blockchain architecture, Big Data expert
verified
Mobile architecture, blockchain
verified
COO
verified
CMO
verified
Head of design
verified
Business Development
verified
Frontend engineer
verified
QA engineer
verified
Technical support engineer
verified
Sergey Kulitskiy
Backend enginee
unverified
Nail Gazizyanov
Chat-bot, machine learning engineer
unverified
Vasiliy Kurkin
Fullstack engineer
unverified
Sergey Edinin
Backend developer
unverified
Evgheniy Ahmetgareev
Network security engineer
unverified
Roman Mukhutdinov
Frontend engineer
unverified
Ramil Zayneev
Full-stack developer
unverified

Advisors

Verified 14%

Attention. There is a risk that unverified members are not actually members of the team

Advisor Enterprise solutions, Data Expert
unverified
Business Development, E-commerce
verified
Advisor Payments processing and finance advisor
unverified

BitRewards Interviews

Alex Egorov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Proven 15+ experience in banking and finance transform me into a world-class leader and visioner, the skills and passion I brought to BitRewards. We are simply the one who offers such a product to the market - there’s nothing that can prevent us from rocking out the loyalty world!
Alexander Nevidimov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the CTO of BitRewards and GIFTD companies. So I lead the development process and answer the hard questions.

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.
Andrey Kladov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a mobile software architect my key responsibilities are:
• 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
Vitaliy Makarenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We have been working together for many years! We have an active business, and our project is one of the few that has a strong team, an excellent vision, and a working product.
Marat Arslanov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm not a dreamer, I just prefer numbers. This project is based on existing business with a real economy, that's why it's doomed to success. Neither users will stop buying goods tomorrow, nor sellers would give up looking for effective tools for attracting and retaining customers. BitRewards is what brings these goals together.
Segey Alisov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
A loyalty program had to reach a new level. I'm glad to participate in this difficult but exciting task.
Ilya Starovoitov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Sales team leader with broad international experience in both software and hardware niches developing relationships with partners and key accounts.
Slava Zytsar
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Lead Frontend Developer
Dmitri Semenov
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
I'm QA engineer in BitRewards. I believe this is a new milestone in online sales. Getting cashback in a crypto-currency, which I can pay in stores is a real future. Owners of online stores that will start using this technology will be two steps ahead of their competitors.
Max Litkevich
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
big idea for people
Alexey Gritsyna
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
You'd be hard pressed to find a project with better aligned incentives for everyone involved (customers, merchants, investors, the team and community at large).

I'm proud to represent this project and team before the accredited investor community in the US.

Last News

$ 0.0005
-10.01%
Coin Stats
Daily, %:
-10.01%
Weekly, %:
-36.45%
Monthly, %:
-67.01%
Market Info
Market Cap:
Volume 24h:
$ 36.789 K
Circ. Supply:
0 BIT
Ticker:
BIT
ICO profit
X 0.3450
ICO Price~$0.0015
4.28
positive
5.0 11
ICO Profile Vision Activity Potential Product Team
icorating
positive
icobazaar
4.8
4.4
icomarks
9.2

BitRewards Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

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
Read More
icotokennews.com
reviews

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.

Read More
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