Bitrewards Platform

BitRewards is a platform which using blockchain technology to create a sophisticated loyalty program. This platform enables merchants to give their customers configurable rewards.

This platform has analyzed the main problems of the existing loyalty system. And it also gives several reasonable solutions to solve them.

Now, remember the problems of loyalty system which have been mentioned above and see how Bitrewards will solve those problems.

The first problem is the account inactivity caused by the complicated registration process. BitRewards creates an integrated and convenient loyalty system. Each user will have a single wallet which could access all of the websites of participating merchants. So, users do not have to make multiple accounts for each website.

Next, by using tokens instead of points as the rewards, this platform will solve the low redemption rates and low retention issues. The value of tokens will depend on the crypto-currency market. And to make it simpler, the credits will be transferred to users’ wallet. Then users will receive regular reports and offers from the stores where they made their purchases, which will also serve to incentivize further actions.

By using BitRewards platform, the merchants also will save some costs. They do not have to spend more money to build a new loyalty program or to train and hire employees to manage the program. Since all of the operating activities about tokens will be managed by the platform’s operators. BitRewards also gives the technical guidance, support and quality assurance.

Beside providing solutions for the main problems of loyalty system, BitRewards also gives many advantages for retailers which joining this platform. The rest information about the advantages and how this platform works is being well explained in its whitepaper.

Token Information
By giving so much information in its white paper, BitRewards is not only giving ideas for solving the problems. This platform is also ready to put all of the solutions into real actions.

The good news is BitRewards Platform has its own token called BIT, an ERC20 token. The value of tokens will depend on the open market. This token will be used in all of the activities in the BitRewards ecosystem. All of merchants and partners of BitRewards Platform will use this token as an internal currency.
The ICO Program

For the development of the project, it was decided to hold an ICO, which will take place in 3 stages:

Closed pre-sale. Start - November 25, 2017. Sold 21 million BIT tokens with a 42% discount.
Preliminary ICO. Start - January 12, 2018. For purchase, 170 million BIT tokens are available at a 39% discount.
Basic ICO. The start is April 1, 2018. The planned emission is up to 2 billion BIT tokens.

The total number of tokens sold in all phases will be 64% of the total issue. The remaining 36% will be distributed among the advisors, the development team and the BitReward Foundation.

Distribution of funds collected in ICO:

39% - marketing;
27% - product development;
16% - management;
12% - operating expenses;
6% - legal expenses.

Project road map
Completed and planned work on the project:

End of 2016 - the beginning of 2017. Development of a system of incentives for GIFTD customers. Done.
2017 year. Development of the concept of the use of blockade Ethereum in bonus systems. Done.
October 2017-May 2018. Launch of a web application for a loyalty system in the retail industry. Development of a cryptichelp on the BitRewards platform. Entering the US market. Research and implementation of marketing campaigns.
The second quarter of 2018. Start of cryptocool for retail sales. The introduction of "smart" contracts.
The third quarter of 2018. Support in the Lightning and Raiden network. Development of the application for Android and iOS with a built-in crypto currency purse.
November 2018 Alpha version of the BitRewards recommendation module. Entering the Asian markets, the continuation of the marketing company.
The first quarter of 2019. Introduction of artificial intelligence into the BitRewards module.
The second quarter of 2019. Association on the basis of block-online technology and offline sales.
Founders and developers of the project

The BitRewards team is considered one of the strongest teams in the field of block-technology. She has been working in the fintech for about 5 years, and in the financial sector for about 15 years:

Alexey Egorov. CEO. In 2012, he opened the first company to develop loyalty systems GIFTD.
Alexander Nevidimov. Technical Director, joined the GIFTD project in 2013. Has a huge experience in the field of crypto-currency. He worked as one of the main developers of large mining pools of bitcoins.
Andrey Kladov. Leading software developer. He has eight years of experience in the field of blockade. An ideological supporter of the introduction of blocking technology in retail trade.

The company's staff consists of 24 permanent employees. To implement the project, advisors from various fields of activity are involved.