What can AdHive give you?
Hi! Good question! In accordance with our partnership plan, BitRewards will give AdHive access to thousands of e-commerce businesses connected to the BitRewards platform (almost 5,000 to be connected by 2021). This opens up a wide range of opportunities for working with large advertisers and brands that are interested in a high-tech solution from AdHive.
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Are the tokens locked until first exchange?
Hi, decker7771! The token will be in the locked state until the end of the token sale (May 31st).
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Will you Guys be burning an unsold tokens?
Hi, Bobtong! Yes
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Which exchanges are you planning? When will it be possible to trade tokens?
Hi, trangvii111! We are negotiating with the top-5 exchanges and will be listed as quickly as possible on one of them. No sooner than first half of June
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Early I used to work with Savedroid. What's different between BitRewards and Savedroid?
Hello, Jeroyc! Savedroid focuses on savings in cryptocurrencies and plays on the B2C field. Basically, they take a % from your bank account, convert it to various cryptocurrencies and that's pretty much all. We focus on bringing blockchain & cryptocurrency to loyalty space and play on the B2B2C field. We bring merchants a top quality loyalty software, which rewards their customers with crypto. Users will be incentivized by shops with our cryptocurrency BIT for purchases, for friends referred, product reviews, video reviews, bug reports, likes, shares, etc. So we have almost nothing in similar with that project.
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I've herd you have some kind of system called bitrecommendations. what's that?
All merchants get access to the AI data analysis system. We call this BitRecommendations, which automatically recommends actions and rewards that are incentivizing the most productive behaviour of the customers for every particular merchant.
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Good day! Can I send eth from exchange wallet to partake in ico?
Hello! Yes, you can. As far as we accept only ETH or BTC, you may need to buy them for any fiat currencies at crypto-exchanges. While processing the exchange or transfer operation, please, specify the receiving/destination ETH or BTC wallet address provided in your personal online cabinet. Once the transaction is completed, the corresponding amount of tokens will be allocated to your personal account. Notice that exchanges and payment/transfer services may apply some additional fees - please, estimate the amount of your transfer accordingly.
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How you are planning to increase your merchant base.
Hello! BitRewards has strong competitive advantages in comparison with other loyalty systems: - Free of charge - A simple installation which doesn't require technical expertise - Access to a large number of loyal customers of partner retailers in the BitRewards Following the current trend, the focus in the promotion of BitRewards Network will be made on content marketing, which will push the message to merchants that the BitRewards Network offers much more than any competitor can offer, and moreover it’s for free.
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Hey! I have a question. Why is BIT based on ETH?
Hello! We use some specific of Etherium-like smart contracts based on an open source. That provides us do our platform free for merchants.
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hey people 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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hey everyone, 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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Please tell why you refer to a foundation rather than a company, what is the difference?
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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Only a few advisors mentioning this project but the rest not. Why?
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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Hello Will the tokens be locked until the end of the ICO?
The token will be in the locked state until the end of the token sale (May 31st).
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Hello, can I still buy your tokens?
Yes, of course, ICO ends on the 31st of May
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Hello! Congratulations to the BitRewords team with a trip to Korea. I hope that General Director Alexander Egorov will find a lot of investors in Seoul.
Hi! Thank you!
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How we can get tokens if we not add them in erc 20 wallet? so we get tokens in 24h not 12
Hello, you could withdraw your tokens only to ERC-20 compatible wallet, also you can hold your tokens on Bitrewards wallet
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Where can I find the contract address for this coin?
Hello! thank you for the question! You leave your BIT tokens in your BitRewards wallet. You will be able to withdraw BIT tokens after the token generation event on the 10th of May. You will know the contract address for MEW, MetaMask and other ERC-20 compatible wallets after this date.
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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?
Hello! It will cover all stores connected to BitRewards system.
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