Introducing the topic

Loyalty is reliability. Trust is called a new currency, just like bitcoin, because the big difference in trust between a company and its competitor translates directly into the amount of revenue each one will earn.
Every year, millions of merchants spend more than $20 billion on software that builds customer loyalty. They need to do that to stay competitive in today's competitive marketplace.

About Bitrewards

BitRewards is a network and loyalty ecosystem that enables retailers to reward their customers' purchases, guest contacts and other configurable actions with crypto-currency. It has an absolute value for consumers, as they obtain for their purchases the liquid tokens from Ethereum, which can be redeemed for purchases or transferred to another cryptographic wallet. The price of the chips is also ready for takeoff due to our unique business model, so these rewards can increase their market value over time, rather than expire.

Market Overview

Retail loyalty schemes are designed to reward customers for past purchases or other useful purchases and provide incentives for future purchases. A reward program allows activation, permanence, up-selling and referrals, as well as providing a great value offer to the customer. A The typical loyalty management system is comprised of operational parameters, such as transaction types, program design and financing options. In addition, it includes value settings such as repayment options, repayment levels and rates of return.

BitRewards is designed for all types of resellers, but our strength is in e-commerce because they easily adopt such services and are easy to extend. The e-commerce market has grown consistently each year.

Value proposition

BitRewards is an award-winning B2B2C loyalty and reward solution developed with blockchain and smart contract technology. The platform allows merchants to reward buyers with BitRewards tokens (BIT, an ERC20) for their purchases and those of their friends and other valuable actions, with the ability to set up rewards. Analytics based on artificial intelligence information allows you to configure and adjust rewards to achieve the best conversion and loyalty results, resulting in increased sales. The decentralised management of remuneration in the block chain makes the platform unique and offers great value to all members of the platform and its customers:

for retailers - a premium block chain loyalty management system worth $200-$2000 per month for free.
for consumers - rewards in crypto-currencies, which they can convert into real money or exchange for purchases and which do not expire and tend to rise in price.

How this works

Distributors connect to the BitRewards loyalty system by implementing the GIFTD platform or by integrating it with their own loyalty system.
This solution rewards customers with BIT for their purchases and those of their friends, as well as for the actions of other suppliers... The module performs all necessary token processing via the BitRewards platform.
The value of BITs may appreciate due to the limited initial issuance of 2 billion chips and the continued high demand for tokens from the growing number of retailers joining the platform.
The likely revaluation of BIT encourages customers to save their tokens rather than redeem them for purchases, thus also reducing the amount of chips that circulate freely.

Benefits of BitRewards:

The experience of a new customer

The BitRewards decentralized loyalty system creates a unique and easy-to-use customer experience:

The regular customer dashboard with loyalty points becomes a true cryptographic portfolio linked to hundreds of merchants. Creation requires only a simple registration with a Facebook account, email or phone number. It can be used as a regular wallet for the storage of crypto-currency BitRewards, as well as other currencies (Ethereum, Bitcoin, etc.), increasing in value the perceived rewards (related to the growth of the token).

BIT bonuses from different merchants are accumulated in the same customer's account that is linked to the entire BitRewards network.

Tokens can be redeemed with BitRewards network and partner network merchants who can boost your business with added bonuses and discounts for the BIT bonus holders.

The BIT balance of the customer's crypt-portfolio will also be connected to the bank debit plastic or virtual plastic that users can spend as if they were using their regular Visa or Mastercard.

Maximum flexibility and security of rewards: unlike points, chips do not expire, they cannot be lost or cease to exist if the merchant goes bankrupt.

An easy way to make purchases on cryptocurrency: Ethereum and Bitcoin can be credited to the customer's BitRewards account and used as payment with merchants participating in BitRewards.

Advantages for retailers

Retailers linked to the BitRewards Network acquire new marketing tools and increase customer loyalty:
Free, but powerful and flexible loyalty program for any distributor, brand or service.
Unique opportunity to reward consumers and please cryptographic currency enthusiasts
Great opportunity to stand out from the crowd and promote a brand or a store.

Exceptional value for customers: BitReward's business model suggests a constant appreciation of BIT. (When customers have a BIT received as a reward from a store, they can see their value go away....). over time).

Perfect conversion of BIT into Bitcoin, Ether and any other cryptocurrency rights in the user's wallet on the merchants' websites, or in any other wallet or change.

Business model

BitRewards Network will benefit from the growth in value of the BIT token, so it provides the following basic client software and application functionality to merchants for free. While it will be feasible for developers of Smart Rewards applications within the BitRewards ecosystem to charge merchants for the usual tools, BitRewards in its first year of operations will have no transaction fees, in order to provide maximum efficiency to merchants.

This proves that BitRewards is committed to growing the value of BIT, which strategically corresponds to the interests of the chip holders. Our tactic is the maximum adoption and usability of the one developed on the BitRewards platform among retailers, which will increase the demand for tokens, their adoption and price.
After 12 months of trading, we will present a 0.5% commission on sales transactions with BitRewards tokens.

In addition, the special administration entity BitRewards Operator may offer payment services as a result of retailer inquiries, as they will be interested in our expertise. Such services may include:

Common applications for specific business objectives

Adjustment adjustments and hypothesis testing of rewards and other loyalty system parameters

Integration of common blocking solutions into the existing corporate loyalty program

Technology

With the advent of the block chain, the broken loyalty industry is forced to change. We are convinced that smart contracts and cryptocurrency are the engine and the main fuel for the future era of consumer loyalty. Ethereum enables the implementation of an elegant technical solution.

About Token :Factsheets - BIT

Internal BitRewards tokens are known as BITs and comply with the ERC20 standard. BIT is an internal operating system and is used to perform all transactions within the BitRewards ecosystem.
Online store customers who participate in BitRewards Network will receive BIT as a cash payment - a certain configurable amount or percentage on their purchases, on purchases from friends who referred to the store, share and like it on social networks and other actions. The money back will be credited to the crypt-portfolio created automatically by the customer and connected to the store through the BitRewards add-on.

Route to follow

Development of a GIFTD loyalty system based on GIFTD points designed to reward buyers.
November, 2016 - February, 2017
Completed

Structuring of the Ethereum block chain utilization concept with loyalty and reward tools and customer development of crypto-rewards for the e-commerce industry, equipment procurement.
February - October, 2017
Completed

The reward and loyalty platform with web applications with crypt-portfolio retailers and users, linked to BitRewards' loyalty program, U.S. market expansion, research, customer development and marketing campaign.
October, 2017 - May, 2018
Current stage

Merchant Intelligent contract Crypto-portfolio and liquidity management
March - June, 2018

Loyalty system integration with Lightning Network and Raiden Network (after the launch of these technologies)
June - July, 2018

Mobile client application with crypto-portfolio
June - August, 2018

Alpha version of the AI-based rewards recommendation and article recommendation, Asian market expansion, research, customer development, marketing campaign.
July - November, 2018

Mobile SDK for commercial applications
September - December, 2018

Integration of IM and automatic learning into the BitRewards platform
January - April, 2019

Block-chain-based traffic exchange between online and offline merchants
April - May, 2019

BitRewards: Team

Alex - Egorov CEO
Alexander Nevidimov - CTO, Block Chain Architect, Big Data Expert
Andrey Kladov - Mobile architecture, block chain
Vitaliy Makarenko - COO
Marat Arslanov - CMO
Segey Alisov - Chief Designer
Ilya Starovoitov - Business Development
Slava Zytsar - Frontend Engineer
Dmitri Semenov - QA Engineer
Max Litkevich - Technical Support Engineer
Alexey Gritsyna - Business Development, E-Commerce
Greg Mann - USA Sales and IR, Board Member
Rumen Slavchov PR, IR, Marketing and Stucturing
Nick Avramov - Head of Public Relations
Iaroslav Marakhonov Head of Communications
Alexander Bulekov Head of Communications
Alina Terehova Community Director
Vladislav Sheludchenkov - Community Manager
Daniil Bryukhin - Sales Manager

Other Team Members

Sergey Kulitskiy - Backend Engineer
Nail Gazizyanov - Chat-bot, machine learning engineer
Vasiliy Kurkin - Fullstack Engineer.
Sergey Edinin - Backend Developer.
Evgheniy Ahmetgareev - Network Security Engineer.
Roman Mukhutdinov - Frontend Engineer.
Ramil Zayneev, Full Stack developer.

Advisors
Ivan Anichkov - Consultant - Business Solutions, Data Expert,
John McNaughton - Advisor - Advisor - Payment Processing and Financial Advisor
Jason Hung Advisor, Technology, Greater China Scale
Sergey Fradkov International scale and business development
Roman Yankovskiy Legal Adviser
Reuben Godfrey Advisor, Public Relations, Global Scale
Nathan Christian Blockchain Technology Advisor
Sergei Repko ICO ICO strategy, marketing, IR
Renat Razumov Advisor to the chain blocking, vision
Anton Pushkov Legal Adviser
Alex Linenko Tokenomics, business and financial model, strategy
Artem Chestnov Advisor, Member of the Board, BitRewards

Links of Interest

Website https://bitrewards.network/
Telegram https://t.me/bitrewards
Ann https://bitcointalk.org/index.php?topic=240999919
Facebook https://www.facebook.com/bitrewards.network
Twitter https://twitter.com/bitrewards
Linkedin https://www.linkedin.com/company/bitrewards
Medium https://medium.com/@bitrewards
Reddit https://www.reddit.com/user/BitRewards_network
Github https://github.com/BitRewards
Kakao https://open.kakao.com/o/gUwcM2G

By Bitcointalk user: Sebas_ram
Profile: https://bitcointalk.org/index.php?action=profile;u=1606512
Myetherwallet: 0xc0c77D00Bc2464DcD7DC9161c49B2509cC700aEd
by sebas_ram