Hello team, I joined your bounty campaign and I want to know what ID should I present to pass the KYC procedure to get my rewards in the end because I do only have school ID and Police Clearance ID. I am from the Philippines. Thanks for your answer
Any document should work. However, please notice you can't participate in Token Sales if you haven't reached legal age yet. |
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Will any data on the buyers be transferred to the sellers? If so, can I refuse to provide my data at my election?
The information you've provided while filling the KYC form will be kept safe and secure and will be used only for KYC procedure. |
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Good afternoon. Will the use of yr crowdsourced recommendation system be free or will it be necessary to buy kinda premium account?
You don't have to pay extra to use BitRecommendations. |
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Will the tokens be the only way to reward the clients or is the use of other options possible?
We don't plan to impose the limitations on the merchants — they can both issue points or BIT tokens to reward their users on our system. E.g., they can choose to reward for shares and likes with points, and for the purchases of the referred friends with the crypto. We aim to give the suite of tools that solve the merchants' problems better, rather than tie them our platform. It will result in broader adoption in the long run |
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Hello. What features will be available in the initial version of the mobile app? When will it be launched?
The mobile apps on the iOS and Android platforms, which replicate the functionality of the web apps will also have the following features: 1. Crypto-wallet 2. Merchants’ special offers 3. Scanning and storage of loyalty cards (making plastic cards redundant, the inconvenience of which is one of the main reasons customers stop using loyalty systems) 4. Gift cards 5. Geofencing |
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Will it be possible to use your solution in other areas? Or are loyalty programs the only option?
Hello in what kind of other areas? |
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Good afternoon. Will your platform have any constant prices for services? Or will they fluctuate depending on the rate of token value growth?
The service is absolutely free of charge. There will be a small commission. We aim to keep the commission as low as possible, because our business goal is to reach the maximum adoption of BitRewards, i.e. the demand on BIT token. So the commission will be in the ballpark of 0.5%, depending on the necessity to fund the Foundation. |
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Usually, the confirmation of a payment in the Ethereum blockchain takes about 60 seconds. Don't you think this could hinder the development of the platform?
As soon as the Lightning Network and Raiden Network technologies become available, the BitRewards Wallet will be integrated with them and become a part of these networks. It will speed up transactions to a few seconds. |
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Hello. Can a major network to get more loyal terms of cooperation with BitRewards? Or do you focus on helping small businesses?
We are aimed on small and medium businesses. |
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Good evening. Is it true that before it was unnecessary to undergo KYC?
Hello, you can undergo KYC before or after the purchase of tokens |
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Hello. Can I enable the "trusted places" option? It annoys me that I always have to enter the password again and again.
Currently, there's no such option in the account. |
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What commission will be charged from my wallet for the withdrawal of tokens from the platform? Or this procedure will be absolutely free.
As soon as the Lightning Network and Raiden Network technologies become available, the BitRewards Wallet will be integrated with them and become a part of these networks. This will allow BitRewards crypto-wallet users to significantly reduce or even cut down to zero the commission for money withdrawal, transfers to retailers, or other participants of these networks. |
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Good evening. On which areas will the keys to users wallets be stored? Where will they be located?
By default, the crypto-wallet will store private keys on the BitRewards Network servers in an encrypted form. The encryption key will be created from the access key of the customer, with which they login to the BitRewards app (Facebook Access Token or Password Hash). The key will be deciphered only in the presence of the active login session of the key owner. |
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Are you going to focus on developing a mobile application, or is the PC version also important for you?
The web application will be developed even earlier than mobile apps. You can already check it out. Just visit bitrewards.network and see Live Demo. |
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If the number of tokens on my account is less than what I need for 2FA, will it automatically be disabled?
There is no minimum amount to have 2FA. You can enable it even if you have 0 tokens in your wallet. |
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Good afternoon. Can I activate two-factor authentication before my tokens enter my account?
Sure you can, just follow this link https://wallet.bitrewards.network/cabinet/2fa to activate 2FA. Please notice you won't be able to undo it. |
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Hello. What is the minimum purchase amount for ICO tokens?
The minimum purchase is 1000 BIT, which is roughly 0.0267 ETH, including 30% whitelist pre-sale bonus. |
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How are the project’s tokens acquired? Is it necessary to buy them? Or is it possible to somehow earn the tokens?
Hello you can buy it or you can participate in our bounty campaign and get tokens for your work https://bitcointalk.org/index.php?topic=2993875.0 |
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Good afternoon. 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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Are you sure that stores will agree to provide personal information to customers? Alternatively, BIT can be issued without them.
Stores don't need to give their personal info to customers. Probably you have mixed smth up. We have a BitRecommendations - an AI driven recommmendation system. Merchants will send the encoded data about the activities of their users to the BitRecommendations system, and it sends them access to a cutting-edge recommendation system - free of charge. |
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