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

[BitRewardsTeam]

Please tell me aren't you afraid that the fast rise in the tokens value will have a negative impact on the interest of store owners? They won't want to buy them at an overcharge price.

Hello Bobtong! Why would store owners be impacted negatively by rising token values? Couldn't the prices be adjusted in USD terms so that you need less tokens for the same transaction?

[BitRewardsTeam]

Hello , Where can I find the contract address for this coin?

Hi ! thank you for the question. You leave your 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.

[BitRewardsTeam]

Good day! Is it true that before it was unnecessary to undergo KYC?

Hi! Yes, but considering the demand, the team had to implement new security measures.

[jjjake100011]

What's different between BitRewards and Retainly

[kaystay1208]

Does anyone know Is bitrewards POW or POS?

[arnvardan]

Do I need to have an ethereum account and then send the tokens there? or can I leave it on your site?

[BitRewardsTeam]

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.

[BitRewardsTeam]

Does anyone know Is bitrewards POW or POS?

Hello! Our token is based on the Ethereum blockchain. So we can't say that BitRewards itself is either PoS or PoW. Meanwhile, Ethereum currently is PoW, with a probability to switch to PoS in the future.

[BitRewardsTeam]

Do I need to have an ethereum account and then send the tokens there? or can I leave it on your site?

Hello! You will be able to withdraw the tokens after the 10th of May. We are supporting all ERC-20 compatible wallets. You also can hold them on your bitrewards wallet if you want

[Candice]

Gain the income of the tokens by sharing. This is the most popular way of doing business today.

[Byunggu]

hey, do we need KYC to receive our bounty payments..? Please someone can reply me

[BitRewardsTeam]

hey, do we need KYC to receive our bounty payments..? Please someone can reply me

No, you don't need to pass KYC if you just participate in bounty and you're not a token buyer.

[Johnsilvers]

Hi everyone, what if 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?

[Nairazdenek]

I've heard you have some kind of system called bitrecommendations. what's that?

[BitRewardsTeam]

Hi everyone, what if 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?

Hello John! There is no affection at all. The customer will either sell his 1 BIT or keep it. If he sells it, it will make a price a little lower than $100. If he keeps it, it will drive a price of BIT above $100. The store is independent of the BIT/USD price, please check out our previous answer.
The rewards in BIT will be less when the BIT price is up.
When the merchant wants to reward a $1000 buyer with $50 cash back, 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]

I've heard you have some kind of system called bitrecommendations. what's that?

Hello Naira! All merchants get access to the AI data analysis system. We call this BitRecommendations, which automatically recommends actions and rewards that are incentivizing the most productive behaviour of the customers for every particular merchant.

[superman99]

I can write an article about conducting an ISO
(the article will not be written about the project and its development)?

[kokotam]

Is your token utility or security?

[Bobtong]

When do plan to finish your ICO?

[Lillyaone]

How the tokens will be allocated, how much for team bounty etc?