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

[robinzzon]

What is BitRewards Foundation and why does your platform need it? Can you tell us more about this?

[Veecker]

Hello. Maybe you should give up the Super Users idea? Their powers seem unfairly large to me.

[g8stTDas]

Suppose a large retail chain wants to give rewords not in your tokens, but in another cryptocurrency. Is that possible?

[momo]

Hello. What is the hard-cap of this platform?

[Immer]

Hello. What is the hard-cap of this platform?

It is 15 million dollars, 3 of which have already been collected.

[waitsummer]

Will all users of the platform be allowed to participate in vote, despite the number of tokens they have? Or there will be some exceptions?

[bars_kz]

Hello. You will provide software and any software has its own license agreement. Where can I find yours?

[BitRewardsTeam]

Hey. Who will run the liquidity smart-contracts on your platform? It's very important.

We are using Bancor liquidity smart contract

[BitRewardsTeam]

Hey. Who will run the liquidity smart-contracts on your platform? It's very important.

They will be controlled with Bancor Exchanger. At least, that is said in the BitRewards’ white paper.

Great solution, I've heard so much good about this platform. They are going to create reserves, aren't they?

Yes, the platform’s reserves will be kept in BIT and Ether. Although I think that it would be possible to add BTC to this list.

Won’t BitRewards have reserve in fiat currency? This is strange, given that most of stores accept fiat.

The currency the store accept doesn't really matter. It's the merchant who decides the amount of reward. If the merchant wants to reward a $1000 buyer with $50 cashback, our software will automatically buy BIT tokens for $50 on the exchange and give them to the customer. So the merchant is independent of the token volatility.

[BitRewardsTeam]

Good afternoon. 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.

[BitRewardsTeam]

What is BitRewards Foundation and why does your platform need it? Can you tell us more about this?

 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).

[BitRewardsTeam]

Suppose a large retail chain wants to give rewords not in your tokens, but in another cryptocurrency. Is that possible?

That isn't possible with our software.
However, they can reward users with both BITs and their own points.

[BitRewardsTeam]

Will all users of the platform be allowed to participate in vote, despite the number of tokens they have? Or there will be some exceptions?

Which vote do you mean?

[holland35]

Hello. I can’t understand: if usage of the platform is free, then where does the platform make a profit?

[californybit]

Hello. I can’t understand: if usage of the platform is free, then where does the platform make a profit?

The main source of BitRewards profit is the growth of the value of tokens.

[holland35]

Hello. I can’t understand: if usage of the platform is free, then where does the platform make a profit?

The main source of BitRewards profit is the growth of the value of tokens.

And what, will there be any alternative sources? For example, paid services in the framework of the platform.

[californybit]

Hello. I can’t understand: if usage of the platform is free, then where does the platform make a profit?

The main source of BitRewards profit is the growth of the value of tokens.

And what, will there be any alternative sources? For example, paid services in the framework of the platform.

Developers of the Smart Rewards applications within the BitRewards ecosystem, but not the platform representatives themselves.

[holland35]

Hello. I can’t understand: if usage of the platform is free, then where does the platform make a profit?

The main source of BitRewards profit is the growth of the value of tokens.

And what, will there be any alternative sources? For example, paid services in the framework of the platform.

Developers of the Smart Rewards applications within the BitRewards ecosystem, but not the platform representatives themselves.

That is, there will never be commissions? I can effectively use the solution and not pay it to the developers at all?

[californybit]

Hello. I can’t understand: if usage of the platform is free, then where does the platform make a profit?

The main source of BitRewards profit is the growth of the value of tokens.

And what, will there be any alternative sources? For example, paid services in the framework of the platform.

Developers of the Smart Rewards applications within the BitRewards ecosystem, but not the platform representatives themselves.

That is, there will never be commissions? I can effectively use the solution and not pay it to the developers at all?

According to the business plan, the commissions will be absent only in the first year of the platform operation, so I recommend starting to use the solution as early as possible.

[BitRewardsTeam]

Hello. Maybe you should give up the Super Users idea? Their powers seem unfairly large to me.

It does not seem unfairly large to us. That power allows the system to be developed in a timely manner. And if something goes wrong, the community has the power to revoke the Super User permission.