BitRewards - 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
- 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
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.
CTO, Blockchain architecture, Big Data expert
USA Sales and IR, Board member
Head of design
Mobile architecture, blockchain
Head of PR
Advisor, PR, IR, Marketing and Structuring
Big Data, AI engineer
AI engineer, full-stack developer
AI, machine learniing engineer
Technical support engineer
Blockchain Association of Ireland Business Development, Director, Co-founder
Smart Contract Advisor
Advisor, Board member, BitRewards
Advisor Payments processing and finance advisor
International scaling and business development
ICO strategy, marketing, IR
Advisor blockchain, vision
Partners & Investors
Head of partners, InSales (A leading online stores’ builder)
Chairman, Assist (One of the largest Ecommerce payment systems in the Eastern Europe)
CEO and Founder, PromoSoundGroup.net
Founder and CEO, DiscWallets.com
Founder and CEO, MageCloud.net (Development and services for Magento online stores)
Managing Partner Nika Estate (Elite real estate boutique)
- November, 2016 — February, 2017Development of points based loyalty system GIFTD designed to reward shoppers.
- February — October, 2017Structuring 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, 2018The 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, 2018Retailer Crypto-wallet and liquidity management smart contract
- June — July, 2018Integration of loyalty system with Lightning Network and Raiden Network (after the launch of these technologies)
- June — August, 2018Customer’s Mobile app with crypto-wallet
- July — November, 2018The Alpha-version of the AI-basedrewards recommendation and items recommendation, Asian market expansion, research, customer development, marketing campaign.
- September — December, 2018Mobile SDK for merchants’ apps
- January — April, 2019Integration of AI and machine learning into the BitRewards platform
- April — May, 2019Blockchain based traffic exchange between online and offline merchants
- 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
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.
Product or its MVP
Alpha-version of rewards program https://bitrewards.network
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://www.hydrominer.org/token-sale/ (watch whtepaper)
No escrow information.