The presale is over but you can take part in the main sale. Head to http://bitrewards.network and press Buy Tokens and follow the simple instructions to sign up. You now have a personal BitRewards Wallet with the unique ETH and BTC deposit addresses. Simply transfer to these addresses, and once the transfer is confirmed, your BIT balance will be shown on the dashboard. You leave you BIT tokens in your BitRewards wallet. You will be able to withdraw BIT tokens after the token generation event on May 10th, 2018. You will know the contract address for MEW, MetaMask and other ERC-20 compatible wallets after this date.
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How you are planning to increase your merchant base.
BitRewards has strong competitive advantages in comparison with other loyalty systems: - Free of charge - 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 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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Why this platform needs to use blockchain tech.? I think this platform is awesome as itself? Why do you think this can be enhanced by adopting blockchain tech?
Here are the top-3 reasons for using blockchain in BitRewards: 1. It allows users to get rewards in crypto, which appreciate in value rather then expire; 2. It makes the whole system community-driven by means of DAO BitRewards; 3. It provides BitRewards with unique business model (premium software for free) Also, please check out our article on Medium: https://medium.com/@bitrewards/why-blockchain-is-a-smart-solution-for-loyalty-programs-9443af408f71
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Hey. What is initial Development Budget? How much money is planned to spend?
Product development consists of 10 stages. The total costs of stages 1-8 will come to US$2 million. Depending on the amount that will be raised during the ICO, these stages’ timeline can be accelerated. The execution of stages 9-10 will cost US$1 million. You can learn more about it in the whitepaper https://bitrewards.network/wp.pdf "Product roadmap" section (p. 58)
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Hello Can I participate using myetherwallet.com ?
Sure you can.
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Greetings! What's the price of token?
Hi, Nairazdenek! Price of BIT is fixed in ETH 1 ETH = 28800 BIT 1 BIT = 0.00003472 ETH
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Hello!!! What is minimum investment? ))
Hi, Byunggu! min investment is 1000 BIT
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Hi! Can i change the wallet until i will receive my token?
Hi, Johnsilvers! Sure you can, please check your Bitrewards wallet, press withdraw button, there will be the line that you can change
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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, answer how you are planning to increase your merchant base.
Hi! BitRewards has strong competitive advantages in comparison with other loyalty systems: - Free of charge - 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 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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Btw what do you think about loyalty market in general, are there any problems?
Good day! 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. 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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do you guys have any plans to create the development fund?
Hello Naira! 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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You refer to a foundation rather than a company, what is the difference?
Good 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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Please tell me 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! Thank you for the question! It will cover all the stores connected to BitRewards system.
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Hello. Wont the fact that cryptocurrencies aren’t regulated by the law yet, but the stores have to pay the taxes anyway become a problem?
Hello! The answer is no, the BitRewards team has foreseen this point and all the entrepreneurs will get all the necessary documents.
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hi all, can I refuse to use the operator and do everything myself if I’m ready to work directly with the exchanges?
Good question! You can do everything by yourself but there is no reason to do that as we will provide merchants top-class loyalty software for free — with support, integration, customization included.
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Hey. Don’t you think that it’s weird that the users will be able to get the BIT tokens as a reward for the purchase paid with this very tokens?
Hello, why? People will love it because rewards in cryptocurrency are better then rewards in points or cashback — our token will rise in price and it would be compatible with many shops, not with one and don't expire.
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Is there API documentation if you want to integrate BitRewards into an app?
Hello There will be an API for the merchants that would like to work with Bitrewards
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How soon are tokens released after the sale?
Hello The token issue date is on the 10th of May
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