BitRewards - Platform loyalty reaches the level of intelligence and new economic efficiency in the world based on blockchain technology

siskaaulia (25)in #blockchain • 6 years ago (edited)

What is BitRewards?

BitRewards is a blockchain platform and loyalty ecosystem that allows retailers to reward their customers’ purchases, friend invitations, and other actions that can be configured with cryptocurrency.

BitRewards is a system of rewards and loyalty blockchain for e-commerce business. This allows online stores to reward their shoppers with crypto "BIT" which helps increase sales by an average of 17%. Due to the unique blockchain and business model, this cutting-edge loyalty system is offered to businesses for free. Subscribers are rewarded for their purchase with an Ethereal token that can be redeemed for bidding, purchasing or shipping to other crypto purses and then used for other products or services.

BitRewards is a decentralized loyalty platform based on artificial intelligence developed by GIFTD, one of the leaders in loyalty solutions for electronic commerce.

What is GIFTD ?

GIFTD is a multi-channel loyalty and rewards platform, focussed on driving sales through incentivising consumers and implementing referral techniques. With an array of smart algorithms, the system collects rigorous consumer data allowing for the delivery of precise, personalised offers and messages. Through a range of plugins and widgets, GIFTD can drive repeat sales, diversify target markets and boost consumer loyalty — all of which help e-commerce retailers flourish in a competitive environment.

BitRewards Network is a loyalty reward system designed on the AI Blockchain platform, enabling retailers to reward their users with simplicity and simplicity. Learn about the ICO Network BitRewards project.
The ultimate goal of BitRewards is to create a platform of rewards and fidelity that will permeate online retailers of all shapes and sizes and connect with their customers based on BIT tokens. Customer loyalty is the primary key for retailers to keep their business. This should be an effective solution to generate more revenue among existing customers. That’s why every retailer has his own loyalty system that enables him to reward customers and some loyalty systems start attracting consumers.

Introducing ICO BitRewards

BitRewards is a new “blockchain loyalty platform” designed to help retailers reward their customers in an efficient way. This platform encourages customers to “use loyalty points” for product types, which can then be used to buy or switch to a wallet.
BitRewards also brings many benefits to retailers, as they get customers who are satisfied with reward points and become more loyal. Loyalty programs boost retailers’ revenues by dozens. The store is also exploited by others from a very positive crypto fan and appreciates the attention of big business.

Features of ICO BitRewards

Incentives

Due to the company’s unique business model, reward systems allow incentives to continue to increase over time. In addition, the rewards are given in the form of electronic money that is not the core, thus enabling better customer satisfaction.

Affordable

Compared to conventional retail systems that cost more than $ 500 per month, BitRewards BIT will be available for $ 200 per month.

Visually

To gain access to its rewards program, BitRewards uses AI-based predictive systems. This program allows the automatic configuration of the core system to change its functions based on the needs and needs of each specific business and its target audience.

Compatibility

BitRewards is compatible with “most e-commerce systems”. These include platforms like Magento, Shopify, WordPress, and Ecwid. Not only that, the API is quite easy to use and can easily be integrated into other e-commerce programs.

BIT Token and Token Sale Information

BIT Token is the internal currency that can be used by the ecosystem in conducting transactions. For merchants who want to join and connect with BitRewards must have BIT Token Sale event is held directly by developer from BitRewards.
BitRewards tokens (BIT) with the ERC20 standard, is the currency used in all operations in bitrewards ecosystem and BIT prices are set to grow based on the bitrewards business model with blockchain technology, an up-to-date system of rewards loyalty that can provide synergy and confirmation with good blockchain experiments from Deloitte, China Union Pay, IBM, VISA, MasterCard, and more. By integrating with them BitRewards crypto-wallet users significantly reduce the money withdraw commissions, transfers to retailers, or other network participants.with the Lightning & Raiden system will also allow transactions to be made instantly. (time of confirmation of ordinary etiquette Transactions about 60 seconds, and in Lightning)

BitRecommendation is the first of decentralized recommendation system in the world using blockchain technology for quality and security data control. Giving valuations to user reputation, Recommendation systems are an important component of the loyalty system of traders, BitRecommenders recommendation is Decentralized DMP designed to collect, store and process retail data using an in-depth learning algorithm. Quality and security data control are provided by blockchain.Every merchant is the source of large amounts of data about their buyers. The application of blockchain technology and the nature of the platform crowd will allow traders to reach new levels of intelligence and economic efficiency previously unaffordable for small and medium-sized businesses.

The Business Strategy BitRecommendations API will be offered to the majority of participating merchants for free. Platforms operate on the principle of reciprocity: merchants get BIT tokens for available data and pay BIT to use API BitRecommendations. Using BIT tokens, BitRecommend suggestions can offer this state-of-the-art data recommendation service for valuable, fully cost-free system members. affter token launch, we will create a decentralized autonomous organization, BitRewards (DAO). DAO Goals: Run BitRewardsbusiness in the most efficient way, creating favorable conditions for the application of BitRewardsplatform by a large number of merchants, create favorable conditions for BIT price appreciation.

The Decentralized Autonomous Organization (DAO)

The DAO was intended as the ultimate decentralized platform for businesses and non-profit ventures, but vulnerabilities in its code led to an attack that syphoned away a third of the investment funds and prompted Ethereum to take a hard fork to reclaim most of its losses. This was perhaps the most spectacular hacking of a cryptocurrency, and it may have made investors wary: However, the “hacker” didn’t break into the blockchain, but instead exploited known weaknesses and gave it commands that it followed; blockchains in themselves are inherently secure.

Scalability and Security: Blockchain’s Twin Concerns

With blockchain being so accessible — on a public network anyone can become a miner and write transaction information — security has quickly become a serious consideration.

Blockchain is considered inherently un-hackable, yet scalability concerns are prompting alternatives in software, updates, and hard forks that may detract from the inherent security benefits.

Blockchains in their Current State

Currently, blockchains are locked to editing, and can only be updated by creating a new block that contains the sum of the blocks (record of transactions before it), and creating a new block requires verification with a cryptographical puzzle that must be confirmed by every node on the system. With a public system, every user is accountable to the others, which inhibits autonomous ownership and access as with traditional banking.

Hard Fork in Response

Ethereum has already taken a hard fork to recoup its losses after the $50 million DAO hack. It was impossible to continue with vulnerable code, and so Ethereum split — took a hard fork — and created two branches, Ethereum and Ethereum Classic.

However, abandoning the old system in favour of the new and, hopefully, improved system can never be a long-term response. Faith in cryptocurrencies will falter, and further forks may happen down the road.

More Users, More Verification

Hackers and fraudsters have a difficult time infiltrating blockchains.

Changing one block would necessitate the changing of the entire chain, and blackmailing or bribing one user into accepting invalid code is redundant with peer-to-peer verification. In this respect, scalability is beneficial to security, as it introduces more nodes for verification and longer blockchains to record entries. The downside is that more nodes mean more verification, which impacts on response time: not only does this mean longer waiting times, unfeasible when compared to transactions on other networks such as Visa, it also reduces the number of blocks can be produced per minute.

51% Attack

As individuals, miners have very little power over the blockchain: even if one were to attempt to pass an erroneous transaction, the rest of the miners would fail to ratify it.

However, miners can pool together into collectives, which is more profitable than working independently, and as a group, they hypothetically could exert a lot more influence, such as preventing transactions from being confirmed. Ethereum co-founder Vitalik Buterin has acknowledged that “selfish mining is profitable starting at 25–33% hashpower, and 51% censorship attacks are definitely profitable.”

In 2014, one such mining pool, Ghash.io, accounted for 51% of the network’s block verification, known as hashing power. The group voluntarily capped itself at 39.99% for the good of the network: after all, no one will use or invest in a currency that is liable to be taken over by one entity, contradicting the base principles of the decentralised exchange.

Scaling up would introduce more users and nodes into the network, theoretically reducing the chances of one group becoming dominant, particularly when it so blatantly threatens the platform’s security and economic viability. The increased profitably of blockchain mining may continue to attract professional conclaves that have the potential to exploit the system. Regardless of financial gain, mining may be exploited for no personal reason other than to disrupt the system.

Proof of Stake

Partly in response to the risks of a 51% attack, and partly because of the incredible amounts of power it takes to verify one transaction (it is estimated that in 2020 the energy used for Bitcoin mining and processing could power Denmark) new and existing currencies are shifting towards a Proof of Stake method of mining.

Initially, coins were rewarded by Proof of Work as detailed earlier, whereby the miner that solves the puzzle is verified by other nodes and paid. Proof of Work is intensely energy consuming due to multiple miners competing to be the first to solve a block, an issue that will only get worse as cryptocurrency expands, whereas with Proof of Stake the miner to validate the transaction is chosen.

A Proof of Stake miner (known as a forger) would have to hold 51% of the network coins before it could attack the system; apart from the cost of purchasing them, it would be difficult to source that amount of currency from other users and financially counter-productive to do so. Ethereum’s Casper protocol is also an incentive to Proof of Stake forgers: they “stake” a bet with their coin, and if the validation is accepted, they are rewarded with an amount proportionate to their stake, and to counteract malicious validation, the staked coin is slashed if the output isn’t correct.

Private Blockchains

In response to lagging verification times and preferences for discretion, more private blockchains within individual businesses are more likely to emerge. These can limit miners to specific validators, meaning that there are fewer nodes for a block to be verified by and therefore quicker processing times.

Attractive to companies that want to retain control over their transactions alongside faster verification, they bear the cryptographic security of blockchains with the privacy of more traditional transaction logs.

However, private blockchains are subject to some of the same pitfalls of traditional banking that cryptocurrency intended to distance itself from, namely autonomy. With markedly fewer miners involved in the validation process, it is much easier for the blockchain to be compromised via the humans involved, such as blackmail or a deliberate effort by the company.

Increased Use Will Reveal Issues

The Financial Stability Oversight Council, a collective of U.S. financial regulators, has already warned that blockchain systems are potentially vulnerable due to their limited use and that flaws in their security might not become apparent until they were “deployed at scale.”
With cryptocurrency still needing space to develop and adapt to a growing user base, more issues will undoubtedly be revealed as the networks struggle to handle scalability while keeping their processes as secure as possible.

BitRewardsFoundation Management.

Remuneration to people and organizations that develop new integration for BitRewardss system and increase BIT demand.
Rendering to people and organizations connecting new stores with BitRewards system and thereby increasing BIT demand.
Remuneration for any person and organization which in one way or another increases BIT demand and thereby increases the BIT price.

With very strong promoters and Advisors, it is able to make presence in almost every relevant Media.

Token Economy is really good with just 0.03 USD per token and with a hard Cap of only 15 Million the Company has attracted all the rating agencies to look into this Programme.

The only problem with this company at this point seems to be with the marketing team. Although being so well rated by many agencies, the team has not been able to attract followers on Telegram and others social network. The teams must understand the importance of Hype in this crypto Market.

Token Symbol: BIT
Platform: Ethereum ERC20
Token Price: 1 BIT = 0.00003472 ETH
Total supply: 2,000,000,000 BIT
BIT Token For Sale: 1,280,000,000 BIT
Accepting: ETH & BTC
Pre ICO Time: January 12, 2018 – March 31, 2018
Softcap: 3,000,000 USD (already reached)
Hardcap: 15,000,000 USD
Country: Singapore
Contribution page: https://bitrewards.network/
Partner: Priority Token

Roadmap

Giftd development points based on a loyalty system designed to reward buyers.November 2016 - February 2017 COMPLETE.
Structuring the concept of Label key usage with tools and awards of loyalty and crypto-customer development award to the e-commerce industry, recruitment team. February - October 2017 COMPLETE.

Platform award and fidelity with complete and functional web applications with kriptowallet retailers and BitRewards users related to loyalty programs, market expansion, research, customer development, marketing campaigns in the US. October 2017 - May 2018 CURRENT STAGE.

Crypto-retail purse and intelligent liquidity management contract. March - June 2018.
Integration of loyalty system with Raiden Rayo Network and Network (after application of this technology). June - July 2018.
Mobile app for customers with kripto.key - August 2018.
Recommended recommendations and Alpha based recommendations articles based on Alpha, Asian market expansion, research, customer development, marketing campaigns. July - November, 2018.
Mobile SDK for merchant.September app - December 2018
AI integration and automated learning on the BitRewards platform. January - April, 2019
Cross traffic exchanges between online and offline merchants. April - May 2019

PROGRAM REFERENSI

Dapatkan bonus rekomendasi sebesar 4% pada BIT token + bonus 1% pada BIT token jika referensi Anda membeli lebih dari 1 000 000 BIT.
Token: BIT
Harga: 1 BIT = 0,00003472 ETH
Platform: Ethereum
Pembayaran: ETH, BTC
Soft Cap: $ 3.000.000
Hard Cap: 15.000.000 USD
Negara: Rusia / Rusia
Token number: Hingga 2 miliar
Jumlah token yang akan dijual: Hingga 1,28 miliar
Mulai penjualan lebih awal: 25.12.2017
Akhir ICO: 30/04/2018
Pengaturan Smart Deal: 11/05/2018
Transaksi utama: T6-T7 / 2018
Token tidak terjual habis: semua dibatalkan
Investasi modal: untuk pengembangan produk dan ekspansi global
Harga token
1 BIT = 0,00003472 ETH
1 ETH = 28.800 BIT