BITREWARDS: A Highly Loyalty Platform To Reward Projects That Use Blockchain Technology

BitRewards is a platform and ecosystem of block chain loyalty that allows traders to compensate their customers. customer purchases, guest friends and other actions that can be configured with crypto-currency. It is an absolute value for customers, since they get for their purchases the tokens in liquid form based on Ethereum, which can be exchanged for purchases or transferred to another crypto-wallet. The cost of the chips is also set to increase due to their unique business model, so these prizes may become more valuable over time, rather than expire.

To reward the customers and their loyalty, BitRewards offers a new blockchain-based ecosystem and loyalty platform. With the use of cryto-currency, retailers now have a better way to offer reward that definitely has absolute value. This reward is given in the form of liquid Ethereum-based tokens purchasable by the customers and redeemable as well as transferable to another crypto wallet.

A fantastic reward with significant growth will definitely be loved by the customers. Unlike other rewards that can expire, the tokens cannot but go up in value instead. This way, retailers get the chance to make their customers happier than ever and will be willing to do more transactions with the retailers. In other words, their loyalty will be growing.

Free of Charge

BitRewards offers a unique value proposition that retailers can obtain. They will get this expensive and valuable loyalty technology for free without any charge. Instead, the retailers only need to purchase the BIT in open market. Starting from only $200/month, this software value is definitely very affordable and retailers will not likely to reject the chance connecting to this platform.

With more than 5 years of experiences, BitRewards team is confidence to make the claim because they know exactly what the clients and retailers need. In configuring the actions and rewards, predictive analytics based in Artificial Intelligence is used. As a result, it can achieve the highest investment return and address the unique target audience.

How does BitRewards solve big loyalty problems?

Account Suspension: All users will have a single wallet, which they can access from any participating merchant's website, or even from a web or mobile application

Low repayment rates: Unlike existing loyalty systems that give points, BitRewards converts money into tokens and automatically credits them to the customer's portfolio.

Higher cost of customer service: BitRewards vendors can use the platform for free. It can be installed and configured easily and requires no special technical knowledge.

Low motivation for reward offers: Consumers will receive crypto-currency "free". This will stimulate their increased interest in cryptocurrencies and boost demand for the valuable rewards of the places where they will buy.

Product Architecture:

Mobile applications

Mobile Apps on iOS and Android platforms, which duplicate the role of web applications, will also include the following features:

Crypto-wallet
Merchant Opportunities
Digitization and storage of loyalty cards
Gift Cards
Geofencing

Business model

BitRewards Network is funded by the increased value of the BIT token, so it offers free basic software and client applications to retailers. Although developers of Smart Rewards applications in the BitRewards ecosystem can bill merchants for the usual tools, BitRewards in their first year of operation will not charge a transaction fee to provide merchants with the greatest efficiency.

Redeem BIT Tokens

The customers can redeem their BIT at the same store they make purchase or at other merchants that participate in BitRewards. To do redeem, they should do it through online crypto wallet that has already been connected to the merchants. And, they can also connect their crypto-wallet BIT balance to bank debit card. Then, they can spend it just like when they use regular Mastercard or Visa. Customers will certainly love and appreciate this reward because instead of loyalty points, they get to receive liquid crypto currency.

Buy More BIT Tokens

If the customers want to have more balance of liquid crypto-currency in their wallet, they can go to open market to buy BIT. BitRewards will provide private key to keep the BIT of the customers securely stored on the wallet. As for the value, it depends on the value on open market. The tokens can also be converted into BItcoin, fiat or ETH in most exchanges. Any partners of BitRewards and merchants of other similar loyalty platforms accept the tokens.

According to accurate prediction, the BIT tokens will have higher demands in the upcoming years especially because of token’s limited issuance of only 2 billion. And as the number of retailers increasing, there will be more demand as of expected.

BitRewards Market Overview

Although designed for any retailers types, but e-commerce has got the sweet spot as this business is easier to scale and more readily to adopt this service. With consistent growth in each year, e-commerce is even expected to grow more than 70% within five years ahead. As the market of e-commerce becomes more competitive, the loyalty program from BitRewards definitely will get strategic spot.

About the Token