• Blockchain
  • Cryptocurrency
  • Software

BitRewards 3.25/5 (1) - Blockchain rewards and loyality platform

BitRewards brings a lot of benefits to the retailers, because they get customers that are more satisfied with the rewards in crypto and become more loyal. A comprehensive loyalty program increases the retailers’ revenue by dozens of percent. The stores are also tapping into the crypto-enthusiasts audience, which is very active and appreciates the attention from the regular businesses. The unique value proposition for the retailers is that BitRewards will offer this valuable and expensive loyalty technology free of charge. They will only have to buy in the open market the BIT tokens to reward their users. The value of such software starts from $200/month, therefore thousands of...

Token sale ended

3.3
Hype2.0
Security4.0
Team4.0
Vision3.0
  • Token: BIT
  • Price: 1 ETH = 28800 BIT
  • PreICO start: 9 Apr 2018
  • PreICO end: 11 Apr 2018
  • ICO start: 12 Apr 2018
  • ICO end: 31 May 2018
  • Country: Singapore
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BitRewards brings a lot of benefits to the retailers, because they get customers that are more satisfied with the rewards in crypto and become more loyal. A comprehensive loyalty program increases the retailers’ revenue by dozens of percent. The stores are also tapping into the crypto-enthusiasts audience, which is very active and appreciates the attention from the regular businesses.

The unique value proposition for the retailers is that BitRewards will offer this valuable and expensive loyalty technology free of charge. They will only have to buy in the open market the BIT tokens to reward their users. The value of such software starts from $200/month, therefore thousands of retailers 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 5 years, have more than five hundred clients – online stores and deeply know their needs.

BitRewards is compatible with most existing e-commerce systems (Magento, Shopify, WordPress, Ecwid, etc.). It is easy to integrate and has a simple API.

 

Internal BitRewards tokens are called BIT and comply with the ERC20 standard. BIT is an internal currency and is used to conduct all operations within the BitRewards ecosystem.

Customers of the online stores participating in BitRewards Network will receive BIT as a cash-back — a certain configurable amount or percent on their purchases, purchases of the friends that they referred to the store, shares and likes in social networks and other actions. The cash-back will be credited to the customer’s automatically created crypto-wallet connected to the store via BitRewards plugin.

BIT can be redeemed at the same store or with the other BitRewards participating merchants via an online crypto-wallet connected to the participating merchants. Customer crypto-wallet’s BIT balance may also be connected to the bank debit card, which the users can spend just as if they used their regular Visa or Mastercard. The customers will appreciate the opportunity, because they get a liquid crypto-currency instead of loyalty points.

The customers can also buy BIT at an exchange or via the Bancor liquidity smart contract.

The private key to a token holder’s BIT can be stored on the wallet provided by BitRewards network platform, on the standard Ethereum wallet, or on any wallet supporting the ERC20.

The value of the BitRewards token is determined at the open crypto-currency exchanges. The tokens can be exchanged to ETH, Bitcoin or fiat currencies. The token is accepted by all merchants that use the loyalty platform and other partners of BitRewards Network.

The BIT token’s exchange rate may grow because of the limited initial issuance of 2 billion tokens and the demand for tokens from the growing number of retailers joining the platform exceeding the supply from the customers who redeem the tokens for purchases or sell them at the exchange, which will create an ascending path of least resistance.

Team

Alexander Nevidimov

CTO, Blockchain architecture, Big Data expert

Greg Mann

USA Sales and IR, Board member

Segey Alisov

Head of design

Ilya Starovoitov

Business Development

Andrey Kladov

Mobile architecture, blockchain

Dmitri Semenov

QA engineer

Daniil Bryukhin

Sales Manager

Alexander Bulekov

Business Developer

Alexey Gritsyna

Business Development, E-commerce

Nick Avramov

Head of PR

Rumen Slavchov

Advisor, PR, IR, Marketing and Structuring

Ramil Zayneev

Big Data, AI engineer

Sergey Edinin

AI engineer, full-stack developer

Nail Gazizyanov

AI, machine learniing engineer

Slava Zytsar

Frontend engineer

Max Litkevich

Technical support engineer

Advisors

Reuben Godfrey

Blockchain Association of Ireland Business Development, Director, Co-founder

Jason Hung

Smart Contract Advisor

Artem Chestnov

Advisor, Board member, BitRewards

Alexey Gritsyna

Business Development, E-commerce

John McNaughton

Advisor Payments processing and finance advisor

Sergey Fradkov

International scaling and business development

Roman Yankovskiy

Legal Advisor

Sergei Repko

ICO strategy, marketing, IR

Renat Razumov

Advisor blockchain, vision

Anton Pushkov

Legal Advisor

Partners & Investors

Anton Soloviev

Head of partners, InSales (A leading online stores’ builder)

Roman Gryanko

Chairman, Assist (One of the largest Ecommerce payment systems in the Eastern Europe)

Sergey Sidorov

CEO and Founder, PromoSoundGroup.net

Ankit Talwar

Founder and CEO, DiscWallets.com

Paul Ryazanov

Founder and CEO, MageCloud.net (Development and services for Magento online stores)

Victor Sadygov

Managing Partner Nika Estate (Elite real estate boutique)

Milestones

  • November, 2016 — February, 2017
    Development of points based loyalty system GIFTD designed to reward shoppers.
  • February — October, 2017
    Structuring the concept of using Ethereum blockchain with loyalty and rewards tools and customer development of the crypto-rewards for e-commerce industry, team hiring
  • October, 2017 — May, 2018
    The full-functioning rewards and loyalty platform with web app with the retailers’ and the users’ cryptowallet tied to the loyalty program of BitRewards, USA market expansion, research, customer development, marketing campaign.
  • March — June, 2018
    Retailer Crypto-wallet and liquidity management smart contract
  • June — July, 2018
    Integration of loyalty system with Lightning Network and Raiden Network (after the launch of these technologies)
  • June — August, 2018
    Customer’s Mobile app with crypto-wallet
  • July — November, 2018
    The Alpha-version of the AI-basedrewards recommendation and items recommendation, Asian market expansion, research, customer development, marketing campaign.
  • September — December, 2018
    Mobile SDK for merchants’ apps
  • January — April, 2019
    Integration of AI and machine learning into the BitRewards platform
  • April — May, 2019
    Blockchain based traffic exchange between online and offline merchants

Token

  • Platform: Ethereum
  • Price: 1 ETH = 28800 BIT
  • Accepting: ETH
  • Token distribution: 39% - Marketing, sales, merchant acquisition & partnerships 27% - Product Development 16% - Management 12% - Operations 6% - Legal
  • Soft cap: 3,000,000 USD
  • Hard cap: 15,000,000 USD

Proof Points
4/5

Legal entity

Registration address:

International Plaza at 10 Anson Road, Singapore 079903, District 02.

Information prove on official ICO’s telegram channel

No other legal entity information.

Prehistory of project

In 2013 Alexander Egorov and Alexander Nevidimov work as CEO and CTO in GIFTD project in the sphere of gift cards, bonuses and rewards in e-commerce.

https://giftd.tech

Product or its MVP

Alpha-version of rewards program https://bitrewards.network

Blockchain experience

CEO Alexander Egorov has experience as CEO in https://giftd.tech

 

CTO, Blockchain architecture, Big Data expert Alexander Nevidimov has experience as CTO in https://giftd.tech

 

Advisor Sergei Repko has experience as Marketing Manager in https://icobox.io

 

Advisor Renat Razumov has experience as CEO in http://room.computer

 

Advisor Reuben Godfrey is a Co-founder of https://www.blockchainireland.org/

Also, he is an advisor for lots of ICO:

https://coinmetro.com/
https://embleema.com/
https://playkey.io/en/?icoStart=true
https://ethersportz.com/team/
https://latoken.com/
https://www.hydrominer.org/token-sale/ (watch whtepaper)
https://sonm.io/Sonm-BusinessOverview.pdf
https://confideal.io/
https://lydian.io/team
https://play2live.io/en/#team
https://mark.space/#Advisors
etc

 

Escrow

No escrow information.

Comments

Update 20.02.2018

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