Btw what do you think about loyalty market in general, are there any problems?
There are some problems we want to solve: Account inactivity Low redemption rates Increased costs for customer service Low motivation by offered rewards You can learn more about it in the whitepaper https://bitrewards.network/wp.pdf |
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Hello, do you have any plans to create the development fund?
Hello! Unlike many other blockchain startups, we anticipate that only 27% of the total costs will be spent on product development because a lot of essential components of the system have already been developed and tested. The funds that we raise beyond the soft cap will be invested in sales marketing activities, which will help us sign up more merchants more quickly, creating a stronger network effect and delivering the product features faster. Additional funds will also be used for the opening of new geographical markets faster. |
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Hey. Is your cryptocurrency compatible with bonus programs only? It seems to me that it’d approve itself in affiliate networks.
In this regard, it brings together best practices from both bonus programs and affiliate networks. |
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You refer to a foundation rather than a company, what is the difference?
Thank you for the question, The Foundation manages the relationships with the different services providers, BIT tokens and cash reserves, remunerates the actors within the system that create the most value for the proliferation of BitRewards platform. One of these actors (and probably the most important one) would be the BitRewards company. The Foundation itself would be managed by the BitRewards DAO, as described in the WhitePaper (pages 32-33). |
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Could you explain why only a few advisors mentioning this project but the rest not ?
Hello! Our advisors are helping us within their areas of expertise, including legal advising, big data processing, ICO promotion, blockchain technology, investors connections. We are not asking them for the promotion of our project. Of course, it's welcomed when they mention our project, but it's not a requirement for our advisors. That's how we work with them, and that's it. |
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Where can I find the contract address for this coin?
CONTRACT = 0x47da42696A866CDC61A4C809A515500a242909C1 DECIMAL = 18 SYMBOL = BIT |
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Hi everyone, if the referral system is created, will it cover all the purchases of my referrals in the stores using BitRewards or only in some of them?
Hi! It will cover all stores connected to BitRewards system. |
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Hello. Aren't you afraid that the fast rise in the tokens value will have a negative impact on the interest of store owners? They won't want to buy them at an overcharge price.
Hello, why would store owners be impacted negatively by rising token values? Couldn't the prices be adjusted in USD terms so that you need less tokens for the same transaction? |
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What will happen to the tokens that you will not be able to sell?
Hello, all unsold tokens will be burned |
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Hello, team!
Will tokens that are for sale now be counted as 100% of total supply?
Hello No, tokens that are on sale are counted as 64%. Other shares are following: 12.00% - Reserve for liquidity 64.00% - Total for sale now 14.00% - Management 3.50% - Advisers 2.00% - Bounty 2.50% - Marketing 2.00% - Contingence |
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BIT is the internal currency of the project, used to carry out all transactions within the BitRewards ecosystem. Customers of online stores will receive BIT as reward (a certain configurable amount or percentage of purchases or referrals).
Yes, you are right! |
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When can i get my coins on myetherwallet ..?
I successfully passed the kcf process. .? How long will that take?
Hello We will distribute tokens to contributors within a month |
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When will i receive my tokens as it has been a couple days since my kyc was approved
We will distribute tokens to contributors within a month |
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BitRewards is for online stores only or for physical as well?
We focus on the online retailers, because we know how to work with them, we understand their problems and we can move much faster with them, if comparing to physical stores.However we totally support omni-channel scenarios, when the shop has both online and offline points of sale. |
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and is it already on coinexchange? xbr
That coin (XBR) belongs to the CryptoJacks project. We have nothing to do with them. That's a dead project, according to their social networks. Also please note that they had "CJ" token symbol previously, they've switched to XBR token symbol (BitRewards) in the beginning of February. And we've been using that name for almost 6 months. Our token symbol is BIT, not XBR. |
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how can i enroll for an airdrop?
The airdrop is over already. |
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when airdrop distribution?
The airdrop distribution will start soon and finishes on or before May 24th. |
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What a great project and team. Do we have any exchange listing information at the moment ?
We are negotiating with the top-5 exchanges and will be listed as quickly as possible on one of them after the token of the sale. At the same time, taking into account the rules of distribution of tokens and the applicable legislation in your jurisdiction, we remind you that you are obliged to observe restrictions on the resale of tokens, including in the framework of exchange trade |
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Any exchanged announced?  Hi, andreypozdnyak! We are planning to be litsted on hitbtc in the first half of June and we are negoatiating with one more exchange, but currently we can't disclose its name |
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loyalty program is for online retailers that will reward their customers with BITs.  I like it Hi, rabitha! and we like it too ) Thank you for staying with us! |
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