Good day. Let’s say, the store has run out of the tokens and the employees cant replenish the account right now. Is it possible to write an algorithm which would automate the replenishment process?
Hello! Since a lot of retailers are not quite ready to work with cryptocurrency exchanges directly, operations will be handled through the BitRewards’ operator company. The operator will deal with all crypto transactions between the merchant and the customer and will give the bill in USD for the merchant.
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Good evening. I cant really understand – will the use of the platform be free or will I have to pay with tokens for this?
Thank you for the question! There will be two types of service levels: 1. Managed — when the entire software system and BIT token balance of the merchant are managed by BitRewards. That would be $0/month. 2. On-premise — when the merchant has its own server with Ethereum node for managing the BIT tokens. That would be about $10/month. Also, we are going to introduce a transaction fee for BIT token transfers from shops to users. We'll do it not earlier than after a year of operations, and probably later. The commission fee will not exceed 0.5%, probably will be lower, depending on the BIT token demand.
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I have another question. i am a writer. I wrote an article about you. Can i talk with admin?
Hi, Lillyaone! Great! I will pm you the mail address where you can send your article
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Why i cant do refund from the web site? Why i must wait an answer from managers and then do the form? Why?
Hi, Nairazdenek! Because it such standart. We cant show a link about refund at the web site. Which problem with link do you have? I can help you
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Why so many people needs in refunds because they dont get an answer about KYC?
Hi, Byunggu! I think, because they dont receive an answer about KYC yet. Unfortunately, the review took longer than 72 hours
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Rewards Token also aims to be the cryptocurrency for loyalty programs and they have existing partnerships with known brands, so what makes BitRewards better than Rewards Token?
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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Hello. Can you please share your marketing and sales strategy? It is really interesting thing to know
Hello! No, we won't like to share it publicly as ICO market is a competitive space. However, some details may be shared already. We pursue a weighted strategy with regard to the online marketing campaign, so we've split it into three stages: - collection of analytics, targeting, key audiences - testing of segments in different countries, content adaptation, creatives and formats testing - full-scale ad coverage and targeting in chosen countries
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Hello everyone I have a question 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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Early I used to work with Savedroid. What's different between BitRewards and Savedroid?
Hello, Floriniya! 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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Please tell about some kind of system called bitrecommendations. what's that?
Hello! Good question! 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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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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Btw what do you think about loyalty market in general, are there any problems?
Let me answer your question 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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You refer to a foundation rather than a company, what is the difference?
Hello! 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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I don't understand this only a few advisors mentioning this project but the rest not. Why?
Hello! Good question! 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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Why do we must wait a specific date of token distribution? Everything is alright. Why dont you give them token at all??? Thanks
Hi, Bobtong! Token distribution will be on May 10th. Dont worry.
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Is it available for countries outside USA? Latin America?
If you are currently physically located outside of the United States, and you are not a United States citizen, resident or entity (a “U.S. Person”) nor you are obtaining BIT Tokens or signing on behalf of a U.S. Person and you are not a resident of Singapore or China. You can join us. Thank you!
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Why you don’t secure your portal more for buying tokens?
We have 2-factor authorization. Use it, if you want to provide maximum security. It will also protect withdraw address change, it will be impossible to change withdraw address without entering one-time code.
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Does the price of ethereum have a direct effect on the ICO in the future. For example if ethereum drops to half or if it doubles. Will there be any direct effects to the project?
No, there's no direct effect. The rewards in BIT are independent from ETH/USD price or BIT/USD price. When the merchant wants to rewards a $1000 buyer with $50 cashback, our software will automatically buy BIT tokens for $50 on the exchange and give them to the customer. So the merchant is independent from the token volatility.
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How do you predict the future price?
Please study our website and materials, because we can not comment on the price appreciation or promise any growth for legal reasons.
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