Is your mechanism of rewards made for the fans of crytoucrrencies or will it be compatible with any groups of the users?
We are aimed on all people. We want to make cryto popular among ususal customers. |
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Good afternoon. Let’s say the store wants to refuse to use your tokens ahead of schedule. Will it have to pay a fee?
Hello, can you be more specific? I don't get it. What kind of schedule? |
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Is it possible to use your software with other types of bonuses? Or is it optimized only to use yr tokens?
Hey, what other types of bonuses? It is solution only for BIT tokens. |
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Hey. What cryptocurrency will the owners of the shops be able to pay for use of your software? Will it be necessary to buy it for a year or can the subscription timeframes be less?
The use of software will be free of charge. A small commission for the BIT tokens' distributed rewards will be imposed starting from year two. |
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Good afternoon. Will I get tokens as a reward if I pay for purchase with other cryptocurrency? If so, what rate will they be converted at?
Hello, it depends on the merchant |
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Good afternoon. As far as I know, I will be able to store other cryptocurrencies in my wallet, too. Will I be able to exchange them to tokens right in the personal account?
Yes, you will be able to exchange them to tokens using Bancor Liquidity smart contract |
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Hey. Are the tokens already issued or will it help after the ICO only?
Tokens will be issued on May 10, 2018. |
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Let’s suppose that the store in which I’ve earned a bunch of tokens on the loyalty program has closed. What will happen to the tokens?
Nothing happens to the tokens as they are not tied to the store. You'll have a single wallet to use in any shops connected to the platform. |
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At the time of purchase do I receive my tokens, or should I expect to finalize the ICO so that my data will be validated in KYC and thus receive my tokens?
You will be able to withdraw BIT tokens after you pass the KYC procedure but not earlier than 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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Hey. Will I be able to sell the tokens directly to the stores, avoiding the exchangers? I just don’t want to overpay for commissions.
Sure you can, and you will get a higher value (from +20% to +50% more value) if you spend these BIT tokens in the same shop that had issued them to you. This allows shops to hold loyalty users and do repeat sales (which is an actual goal of a loyalty program for shops). |
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How much have a user pay for creation of a plastic or virtual card? Or will it be a free service?
The service is free both for merchant and customer. |
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Can I find anywhere the prototypes of the interface from the point of view of the user? I’m very interested and I want to see it.
Please check the "Live Demo" on our website — https://bitrewards.network |
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Can I deposit the tokens purchased? I like the loyalty programs offered by Steemit.
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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an explanation of a very interesting project in terms of coin sales, I see the information if there are unsold coins will be burning, this will cause the price of the coin to increase, it is very interesting I think, is there a bounty campaign in this project?
1. Token generation event will take place after the Token Sale, therefore the unsold tokens just won’t be issued. Essentially it means that all unsold tokens will be burnt. 2. Here's the link to our bounty thread: https://bitcointalk.org/index.php?topic=2993875.new#new |
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Will the stores be able to sell some part of their products for tokens? This will let them free from necessity to buy the tokens in the secondary market.
Customers can spend their tokens in stores connected to BitRewards platform, but you will get a higher value (from +20% to +50% more value) if you spend these BIT tokens in the same shop that had issued them to you. This allows shops to hold loyalty users and do repeat sales (which is an actual goal of a loyalty program for shops). |
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Good afternoon. I cant really understand – will the use of the platform be free or will I have to pay with tokens for this?
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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Is it possible that the rewards will be provided in other cryptocurrencies?
Merchants won't be able to reward customers with other cryptocurrencies but 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. |
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Hey. Arent u afraid that the users will sell cryptocurrency after they get it so easily? It’s very important from the point of view of the growth of value.
We always increase the number of retailers. Also, there is a gap between demand and supply because customers don’t spend BIT tokens immediately as they expect the exchange rate to grow. This drives the supply of BIT down. |
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