BitRewards Token ( BIT )

What is BitRewards

BitRewards is a blockchain loyalty platform and ecosystem that enables retailers to reward their customers' purchases, friends' invited and other configurable actions with crypto-currency. It has an absolute value for the customers, as they get for their purchases the liquid Ethereum-based tokens, which can be redeemed for purchases or transferred to another crypto-wallet. The price of the tokens is also set for growth due to our unique business model, so these rewards may go up in value in the course of time, rather than expire.

The unique value proposition for the retailers is that BitRewards will offer this valuable and expensive loyalty technology free of charge. The retailers will only have to buy BIT in the open market to reward their users. The value of such software starts from $200/month, therefore thousands of retailers will be keen to connect to the platform. We can make such a claim, because we operate in the market of rewards and loyalty software for more than 5 years, have more than five hundred clients - online stores and deeply know their needs. BitRewards also uses AI-based predictive analytics, which allows to configure the rewards and actions for each particular business to address its unique target audience and achieve the highest return on investment from every dollar spent on the rewards.

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

BitRewards Token ( BIT )

Internal BitRewards tokens are called BIT and comply with the ERC20 standard. BIT is an internal currency and is used to conduct all operations within the BitRewards ecosystem.

BitRewards Tokens are designed to appreciate over the course of time. Crypto assets markets can be volatile, and the market price of BIT can depend on the general market conditions and expectations. Since BIT’ main purpose is the meanstisofimportantpayment, thatirate theagainsttoken’scryptoor fiat currencies does not change rapidly and has liquidity at all times. In order to provide for this liquidity and mollify the market fluctuations, a Bancor Formula (a product of Bprotocol Foundation1) based smart contract will be created. It will allow for the buying and selling of BIT and will also be used to increase the market demand and supply when the token rate fluctuations leave a certain corridor.

BIT can be redeemed at the same store or with the other BitRewards participating merchants via an online crypto-wallet connected to the participating merchants. Customer crypto-wallet’s BIT bala may also be connected to the bank debit card, which the users can spend just as if they used their regular Visa or Mastercard. The customers will appreciate the opportunity, because they get a liquid crypto-currency, instead of loyalty points. The customers can also buy BIT on the open market (e.g. exchanges, etc.) or via the Bancor liquidity smart contract.

The private key to a token holder’s BIT can be thestorBitRewardsonnetworkthe walle platform, on the standard Ethereum wallet, or on any wallet supporting the ERC20.

The value of the BitRewards token will be determined on the open market, but only after the listing formalities are completed and the tokens are allowed to be listed on the trading platforms. In most exchanges tokens can be converted into ETH, Bitcoin or fiat. The token is accepted by all merchants that use the loyalty platform and other partners of BitRewards Network.

The demand for the BIT tokens most likely will grow because of the limited initial issuance of 2 billion tokens and the increasing number of retailers joining the platform exceeding the supply from the customers who redeem the tokens for purchases or trade them at the open market, which will create an ascending path of least resistance.

Token Allocation

BIT Token Details

Our Team

More Information you can also visit this links :Website : https://bitrewards.network/
Whitepaper : https://bitrewards.network/wp.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=2409919
Bounty Thread : https://bitcointalk.org/index.php?topic=2993875.0
Facebook : https://www.facebook.com/bitrewards.network
Twitter : https://twitter.com/bitrewards
Telegram : https://t.me/bitrewards

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Username bitcointalk : trysetya11
Link profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1686500
Ethereum Wallet Address : 0x24F26311B28E86523DB5f34BbF69cb63f331D403