Review and analysis of ICO Bitrewards

aleksvip30 (40)in #cryptocurrency • 6 years ago (edited)

Good day. I want to share a unique project with you, at least, he became such to me, having studied it. The project is called Bitrewards.

What is Bitrewards?

Bitrewards is a platform and ecosystem of loyalty blockchain allowing retailers to reward purchases of their customers, invited friends by cryptocurrency. You can say a kind of loyalty club, backed up by the block, a system of encouraging regular customers.

The problems of the current loyalty program:

Recently, based on analysis, the effectiveness of loyalty programs is falling. All because the client simply does not see the real benefits, perceives bonus programs as an attempt to sell unnecessary goods and ceases to trust the brands. And at all I do not want to say that they do not work, just for each task it is necessary to select a special loyalty program. And what is necessary for the client?

For the bonus program, a customer incentive system is needed at each stage to constantly support its interest. Trust the client in the first place. And every year millions of retailers spend more than $ 20 billion on software that would improve the loyalty of their customers. They do this in order to remain competitive in today's crowded market. Loyalty programs are not only costly, but also time consuming and cumbersome. Often, customers get only more frustration from participating in them, complaining about the difficulty of earning points or bonuses. This simply leads to the fact that most loyalty programs simply do not pay and are very quickly closed.

What is the uniqueness of the Bitrewards platform?

- Uniqueness for consumers
As mentioned above, while making purchases, consumers are rewarded for this. Remuneration is paid in tokens based on Ethereum. And they will have absolute value for customers, since tokens can be used for purchases or transferred to another crypto-purse. The price of tokens is also set for growth due to a unique business model, limited release of tokens and an increase in the number of retailers, so these fees can increase in value over time. In general, one conclusion, customers will appreciate the opportunity, as they receive not the points, but the cryptocurrency.

- Uniquity for retailers
First and foremost, retailers receive customers who are more satisfied with the reward in the cryptocurrency and thereby become even more loyal. A comprehensive program increases the income of retailers by tens of percent. And all of this valuable and expensive technology the above-mentioned are completely free. All you need from traders is to buy a BIT token on the open market to reward your users. The cost of such software starts at $ 200 per month, so thousands of retailers will endeavor to connect to the platform.

About token and conditions ICO:

The BIT token is an internal currency and the main mechanism of interaction on the platform. They comply with the ERC20 standard. And regular customers of online stores participating in Bitrewards will receive a BIT token as a refund.

This will be a certain percentage of their purchases, from purchases of friends. Each customer registered in the loyalty system in their personal account will automatically receive a crypto-purse on the etherium. It will also be possible to connect a bank debit card and bind it to your account.

- Name of the token: BIT
- SOFT CAP: $ 3 million
- HARD CAP: $ 15 million
- TOTAL TOKEN SUPLY: 2 billion (all unsold tokens will be burned)
- Cost: 0,00003472 ETH
- End of Public Pre-Sale: March 31
- Home Crowd Sale: April 1
- Crowd Sale End: April 30
- Total for sale allocated: 64% of the token
- Issue Date: May 10, 2018
- Exit to major exchanges: June-July 2018

Bonuses:

At the moment there is a bonus of + 5% to the deposit, when buying tokens worth more than 5 ETH bonus will be 30%. The bonus expires in less than 5 days.

The mechanics of paying fees through the Bitrewards platform:

Road map:

Stage 1 - November 2016 - February 2017 - Developing a loyalty system (completed)
Stage 2 - February 2017 - October 2017 - Structuring the concept of using Ethereum blockchain with loyalty and reward tools (completed)
Stage 3 - October 2017 - May 2018 - Full-featured BitRewards loyalty system for retail, connecting the user's crypto-purse to the loyalty program with access to the BitRewards website
Stage 4 - March - June 2018 - Crypto-purse and management for a smart contract
Stage 5 - June - July 2018 - Integration of the loyalty system with the Lightning Network and Raiden
Stage 6 - June - August 2018 - Mobile client application with crypto-purse
Stage 7 - July - November 2018 - Alpha version of awards
Step 8 - September - December 2018 - Mobile Merchant SDK
Stage 9 - January - April 2019 - Integration of Artificial Intelligence (AI) and Machine Learning in BitreWards
Stage 10 - April - May 2019 - Traffic exchange based on Blockchain between online and offline traders

Command:

The BitRewards team worked together for 5 years in GIFTD, an innovative profitable loyalty of SaaS, a company that helps hundreds of small and medium-sized e-commerce enterprises to increase their revenues by an average of more than 17%.

The BitRewards team is one of the strongest teams dealing with blockchain for the retail industry. They include one of the most powerful developers of mobile software - Andrey Kladov, who for his 8 years of experience has participated in the development of complex software products that are used by millions of users around the world.

That's it, the project is interesting. The team would like to wish good luck in their plans, but who was interested, then do not miss this opportunity!

The article is unique here.