olivecarens: BITREWARDS

What is BitRewards
BitRewards is a platform of blockchain and ecosystem loyalty that allows retailers to appreciate the purchase of their customers, invited friends and other actions that can be configured with crypto currency. It has an absolute value for customers, as they get for the purchase of a liquid Ethereum-based token, which can be redeemed for purchase or transferred to other crypto-wallets. The token price is also set for growth due to our unique business model, so this award can rise in value over time, rather than ending.

A unique value proposition for resellers is that BitRewards will offer this valuable and costly loyalty technology for free. Retailers only need to buy BIT in the open market to reward their users. The value of such software starts at $ 200 / month, therefore thousands of retailers will be interested to connect to the platform. We can make such claims, as we operate in the gift market and loyalty software for over 5 years, have over five hundred clients - online stores and are well aware of their needs. BitRewards also uses AI-based predictive analytics, which allows to configure rewards and actions for each particular business to address a unique target audience and achieve the highest return on investment of every dollar spent on the prize.

BitRewards is compatible with most existing e-commerce systems (Magento, Shopify, WordPress, Ecwid, etc.). Easy to integrate and has simple API.

BitRewards Token (BIT)
The internal BitRewards Token is called BIT and complies with the ERC20 standard. BIT is the internal currency and is used to perform all operations within the BitRewards ecosystem.

BitRewards Tokens is designed to appreciate over time. Crypto asset markets may be volatile, and BIT market prices may depend on general market conditions and expectations. Since BIT's primary objective is the average of important payouts, the foreign currency used by the seller does not change quickly and has liquidity over time. To provide this liquidity and mitigate market fluctuations, a Bancor Formula smart contract will be created (product from Bprotocol Foundation 1) 1. It will be possible to buy and sell BIT and will also be used to increase market demand and supply when token rate fluctuations leave certain corridors.

BIT may be redeemed at the same store or with other BitRewards merchants participating through the online crypto wallet connected to participating merchants. BIT customers crypto-wallet customers can also be connected to a bank debit card, which users can use as if they are using their regular Visa or Mastercard. Customers will appreciate the opportunity, because they get the liquid crypto currency, not loyalty points. Customers may also purchase BIT in the open market (eg stock exchange, etc.) or through Bancor's smart liquid contract.

Attribute

Resellers connect to Bit Award Loyalty Systems by installing easy-to-read extensions or integrating with their own loyalty system.

This solution rewards customers with bits for their purchases and their friends and other tasks. This module keeps all necessary tokens processed through the BitRewards platform.

Bilt prices can be appreciated because of the constant initial publication of 2 billion tokens and increased token requests from more and more retailers joining the platform.

Few compliments that can encourage customers to store their tokens instead of redeeming them for purchase can reduce the number of free floating tokens.

Blockchain Implementation

Blockchain is a technology that supports the digital currency can be circulated without a centralized agent. Blockchain can make the system more decentralized, secure, transparent with data that can not be changed inside. Blockchain is like a distributed ledger, where all walks of life can access data stored in blockchain. Members of an ecosystem network connected with blockchain can also store their data safely and unchanged on blockchain storage. All overseas flows from data transactions will be traced easily to the existence of blockchain technology.

User Benefits BitRewards

BitRewards provides several advantages for both retailers and buyers. With the help of blockchain, the more benefits and experience the user or ecosystem BitRewards will get.

Advantages for customers

Easy registration process and security of the cryptocurrency wallet that has been connected to the BitRewards platform

Bonus from different Merchant will be able to accommodate on one wallet and of course can be used to transact with other Merchant in one network

BitRewards users are also connected with plastic debit card banks such as Visa and MasterCard

Maximum flexibility and security for BIT Token owners

Allows easy purchase of cryptocurrencies such as BTC and ETH

The token value will continue to increase along with high demand from resellers, and a limited amount provide

Advantages for retailers

Free, but it gives a very amazing and flexible effect

A unique opportunity to be able to reward cryptocurrency communities

A great opportunity to stand out between the competition and promote your brand or store

Bit tokens and token sale information

As I explained above, that BIT Token is an internal currency that can be used by ecosystems in conducting transactions. For merchants who wish to join and connect with BitRewards must have a BIT Token as fuel by purchasing it in exchange or purchasing it at a Token Sale event held directly by the developer of BitRewards.

Token Sale is a fundraising event conducted by teams and developers directly to increase capital and develop related platforms. BIT Token Sale is a BIT token sales event for the purpose of establishing and developing the BitRewards platform as a loyalty platform in the blockchain based e-commerce industry.

Account units in BitRewards

BitRewards' internal unit of account is called BIT. It was developed according to the ERC20 standard. This unit is used in all transactions conducted within the system. Resellers can purchase tokens on the open market and with the help of smart contracts.

Customer receives a token as a gift for its purchase. BIT can be used for further purchase or exchanged for real money. Members of the system can not only accept tokens as gifts but buy them on the open market. The cost of one account unit depends on the results of trading on the virtual exchange.

BIT can be stored in the system's internal wallet. Each member can add a credit card to the wallet and use it for offline store payments.

High demand for BitRewards tokens is expected due to limited edition (only 2 billion) and an increasing number of retailers are constant in the system.

Users are encouraged to store BIT in their account as there is always a chance of a price increase. As a result, it is quite difficult to buy BIT in the future.

ICO BitRewards

An ICO was launched to support the development of this rather useful project. ICO consists of three stages:

● The first stage is pre-sale closed. 21 million units were sold at 42% discount. It started in November 2017;

● The second stage is Pre-ICO. Started in January 2018. 170 million tokens are sold. Discount - 39%.

● The third stage is the main ICO. 2 billion tokens are expected to be sold at full price.

It is planned to distribute 69% of tokens sold among the participants. The rest will be distributed among platform developers, advisors and Bitreward company owners.

Distribution of revenues generated from BIT sales

• 39% - project promotion;

• 27% - solution development;

• 16% - management;

• 12% - equipment costs;

• 6% - legal service fees.

The creator of the platform

Creator BitRewards has more than 5 years experience in the field of blockchain based solutions. They have enough knowledge and desire to introduce their products to the public:

● Aleksey Egorov - CEO. Working in the trade since 2012;

● Aleksandr Nevidimov - CTO. Join the team in 2013. He is very interested in cryptocurrency. Aleksandr is one of the major developers of large bitcoin mining pools;

● Aleksey Kladov - software engineer. He has worked in the field of cryptocurrency since 2010. Aleksey works on the introduction of cryptocurrency to the real economy.

In addition to these three key people, the company staff consists of 24 full-time employees and several invited advisors.

Token Breakdown