Is the partnership confirmed from Eventbrite and GoPro? I cannot see any announcement from them
Hello! You can find the letter of intent of go pro at the end of our website, as for Eventbrite, we will not partner with them
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What's different between BitRewards and Retainly?
Regarding Retainly - it's for sure an interesting project that deserves some attention. However, it's not accurate to compare it with BitRewards for a number of reasons: 1) One thing is to talk, another one is to show. BitRewards is based and backed by a successful product - GIFTD - that was launched in 2012. Our team have enough expertise to extract the most from the distributed ledger technology to apply an innovative approach towards loyalty management market. Working product means a lot. 2) We focus not only on cash-backs but on any reward systems, so giving customers a freedom to choose. It also gives a necessary flexibility to BitRewards regarding different market trends. 3) We share the same spirit - to provide every citizen with cryptocurrency, though the realization differs - the RETN token economy is totally unclear from the whitepaper. Also, the liquidity issue has no place in it, whereas we describe token liquidity in detail. All in all, we're open for potential co-ops as the only reasonable goal for us is to make the loyalty management market more efficient and beneficial for all the participants.
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Hi, please tell me how you are planning to increase your merchant base?
Hi Andrey! Thank you for the question! 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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Good evening. 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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Hello, I have a question. Why is BIT based on ETH?
Hello, Decker! 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! 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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Hi!Any exchanged announced?
Hi, jenalyss3! Thank you for the question! 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.
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Very experienced team, really hope that project will succeed.
Thank you very much
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You have a working business already, why did you decide to switch it to blockchin. Do you really need this?
Distributed ledgers and blockchain protocols bring unprecedented value to the loyalty program of the future: For users: Rewards in cryptocurrency, which don’t depend on the success of the merchant Rewards, which appreciate rather than expire Easily redeemable or exchangeable into any other liquid asset Highly personalised, custom-tailored recommendations, rewards & discounts (see BitRecommendations) For merchants: Premium software free of charge, which increases the loyalty of users and sales Tokenization of standalone loyalty programs and merchant-specific tokens generation platform Use of API to frictionlessly connect any proprietary loyalty programs to BitRewards tokens or any other loyalty and rewards program Free BitRecommendations API working on blockchain, managed by DAO on IPFS For business development and security: DAO which ensures the efficiency of BitRewards network development Merchant data control, ensuring merchants own and benefit from their raw data Rewards for developers, who create successful solutions and merchants and customers, who incentivize the adoption of BitRewards network
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Hello, at what markets do you aim, European, Asian?
Hello we are aimed on the global market, so we would try to achieve adoption in all possible markets.
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Hello when will be an airdrop distribution?
Hello, the token distibution will be on May 17-24
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Hey, Have you tied up with any retailers in India.?
Hello! Yes, we have preliminary agreements for interesting partnerships, and consider your country as one of the most attractive markets. If you have any suggestions, we are happy to discuss. Thank you!
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Pleas answer how can markspace benefit you?
Hello! Thanks for your question! Since MARK.SPACE enables companies to sell digital content like music, videos, books, images as well as real merchandise in MARK.SPACE Shopping District, a virtual commercial space with the limited number of units, BitRewards will supply those e-commerce businesses with the cutting-edge loyalty software, thus increasing sales and driving the profits up.
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Good morning! Now the question of privacy of Facebook user data has again become relevant. Maybe we should refuse to cooperate with this social network?
Hello! why should we? We don't cooperate with Facebook. It is just one of the platforms to communicate with our community.
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Good morning. When is it planned to release yr API? I’m sure that the tech service teams of the stores would like to study it as soon as possible.
Hello John! BitRewards software is actually a blockchain fork of GIFTD software so we at BitRewards will re-use our code from GIFTD. GIFTD API is already available: https://giftd.tech/api/
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Hello. Gift cards seem to me smth outdated. Are you sure that your platform should support them?
Actually, it performs well for merchants using GIFTD. In 2016 we finally saw a spike in the sale of e-gift cards for our clients! The customers got a taste of the convenience of instant gifting, while right on the website's store. We expect this trend to continue since 10% of all purchases are made as gifts (which are often made last minute).
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Hi everyone! It seems to me that at the moment cashback is more efficient than yr solution. Will it be possible to withdraw tokens to the banking card?
Hello! Please understand that we are much more than a cashback platform. We will give shoppers cashback in cryptocurrency, referral rewards in crypto, social actions rewards in crypto, etc., etc. Here is how we are going to work with cashback platforms such as LetyShops: 1. For those of them, which will collaborate with us, we will provide a solution to replace a cashback in fiat with cashback in BIT. So essentially they will become another source of the demand for BIT tokens. The interface, the brand, the website will stay the same for the shoppers, but the reward will change to BIT token from fiat. 2. As to those which will not collaborate with us, we are going to take their share of the market 🙂 as cashback in cryptocurrency is much more appealing to the end users than cashback in fiat. BIT tokens are an Etherium based currency. In case of the listing at the exchange, it will be possible to change them into crypto or fiat currency — everything that the exchanges allow to do.
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Good evening, How will your platform’s source code be protected? I am afraid that if an intruder gets an access, it may have a negative effect on overall security of the platform.
What do you mean by protecting the source code? We plan to fully open source our platform.
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Good evening. Let's say you notice that the store is trying to send inaccurate information about sales to the system, and this is repeated several times in a row. What will be your actions?
Hello! If a merchant tries to cheat and sends fake data, it will be detected and this information will go to the Ethereum blockchain, operator will decrease this merchant's reputation, If the reputation is unreliable, the weight of the sent data is set to “low”, or it is simply ignored
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