⭐⭐⭐⭐⭐[ANN][PRE-ICO][BitRewards | Blockchain rewards and loyalty platform]⭐⭐⭐⭐⭐

[BitRewardsTeam]

Early I used to work with Savedroid. How is BitRewards different from Savedroid?

Hello, Feltana! 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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[BitRewardsTeam]

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

[BitRewardsTeam]

Good afternoon. I cant really understand – will the use of the platform be free or will I have to pay with tokens for this?

Good 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.

[andreypozdnyak]

Good morning. Is it true that before it was unnecessary to undergo KYC?

[Floriniya]

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?

[kaystay1208]

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?

[BitRewardsTeam]

Good morning. Is it true that before it was unnecessary to undergo KYC?

Hello, Yes, but considering the demand, the team had to implement new security measures. I approve their decision.

[BitRewardsTeam]

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?

Thank you for the question, 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.

[BitRewardsTeam]

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.

[superman99]

Admin, how long will it take after email confirmation of KYC until I get the tokens in my preset ETH wallet?

[Bobtong]

hey everyone, are there plans in project team to visit the blockchain conference ? And do you plan to invite large companies to cooperate?

[Jeroyc]

Isn’t this the same idea as Benebit?

[kaystay1208]

Is the partnership confirmed from gopro ? I cannot see any announcement from them

[BitRewardsTeam]

Admin, how long will it take after email confirmation of KYC until I get the tokens in my preset ETH wallet?

Hello, unfortunately, can't give you exact dates, may take a week or longer

[BitRewardsTeam]

hey everyone, are there plans in project team to visit the blockchain conference ? And do you plan to invite large companies to cooperate?

Hi Bobtong, we have a roadshow presenting our project all over the world, check our Medium: https://medium.com/@bitrewards

[BitRewardsTeam]

Isn’t this the same idea as Benebit?

Hello! No, it isn't. We are in the business for 5 years, working together at GIFTD (https://giftd.tech ) and building valuable marketing tools for e-commerce (see "Live Demo" on https://bitrewards.network). That makes us very different from the most of ICO projects in general, and loyalty-connected ICOs particularly.
Also, there was almost nothing in Benebit's idea excepting the cashback, while we focus on many different rewards: cashback, friends referred bonus, likes & shares on social networks, product reviews, video reviews, website reviews, bug reports, etc. Our software is an advanced thing and it can be customized to any e-commerce business needs.

[BitRewardsTeam]

Is the partnership confirmed from 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

[kokotam]

hello, please explain to me: the value of 1 BIT gets to 100 and a store rewarded a customer 1 BIT for buying a product of 50$. How will this affect the rewarding system?

[Lillyaone]

The only problem I have with that is that it defeats the purpose of a loyalty program since you're not binding the customer to your store. One can simply go to another one in the BIT network?

[jenalyss3]

Can you tell me is bitrewards POW or POS?