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#Blockchain All projects

Blockchain rewards and loyalty platform

BitRewards Network is decentralized AI-based loyalty platform

stage Ended crowdsale

4.4 Rating

by 4 users


    KPLs

    • Employees24

    Team

    11
    man Alexander Egorov

    CEO

    15 years in banking, finance and debt issuance, VP for National Reserve Bank (Moscow), serial entrepreneur and investor for 6 years, Alex has an outstanding talent to organize complex processes and manage teams of sharp and bright people, who share his ideas and implement them in useful and beautiful IT products.

    man Alexander Nevidimov

    CTO, Blockchain Architecture

    Olympic Programming (5 years), winner of the ACM-ICPC/IOI championships, lead developer for one of the biggest Bitcoin mining pools, Alex has been the CTO of GIFTD for four years, and has more than 12-years experience in backend development (3 years full stack), leading diverse development teams for more than six years.

    man Greg Mann

    Head of Sales

    Highly experienced sales and negotiations professional with extensive experience in tech sphere and focus on growth. Former head of global sales for Startup Grind (Palo Alto), a global startup community designed to educate, inspire, and connect entrepreneurs.

    man Vitaliy Makarenko

    COO

    Vitaliy has vast experience in corporate processes management and sales, which he gained working on strategic industrial projects with Fortune500 companies. He honed his skills in market analysis and strategy, personnel management, customer development and customer success, which allowed him to accomplish several prominent projects in highly competitive IT solutions market for a total amount of more than $90 million.

    man Marat Arslanov

    CMO

    Marat is extremely passionate about data-driven marketing and behavioural analytics. These interests perfectly suit the goals of the rewards and loyalty SaaS tools, Marat leads the digital marketing for GIFTD. He is an organic match for the engineer’s team, setting the concrete goals and aspiring to achieve measurable results.


    Advisors

    8
    man Reuben Godfrey

    Advisor, PR, global scaling

    Reuben is currently running the Blockchain Association of Ireland as founding director with an ambassador role on the GDPR Awareness Coalition and on the NSAI National Mirror Committee to ISO TC 307. Has a background in sales, business development, finance and operations roles for major multinationals and start-ups in the tech, telecoms and pharma industries globally. Has done some journalism and now hosts regular blockchain meet-ups, speaks regularly at industry events and contributes pieces and comment to mainstream and tech media.

    man Jason Hung

    Advisor, technology, Greater China scaling

    Jason is an entrepreneur and inventor in mobile technology, blockchain ecosystem, digital marketing, AI and ERP related business. He is the co-founder or advisor of Treascovery, Chidopi, TimeBox, Giza, Micro BTC, EZPOS and Suchapp. He has more than 20 years proven track record on managing RD, IT, sales, consulting service with 9 technology related patents which using at more than 2000 Apps. He was also formal PeopleSoft and JDE solution head in Greater China. He is also a blockchain expert of ICOBench and International Blockchain Consulting Announcement Group.

    man Nathan Christian

    Blockchain Technology Advisor

    Nathan is a Founder and the leader of the consulting company http://www.nathanchristian.com that builds applications on Ethereum blockchain, develops Smart Contracts and launches ERC20 tokens. He is a brilliant expert in end to end cryptocurrency development and launch. Nathan is also an exceptional strategist, business developer, speaker, angel venture capital investor with over 35 startups in the portfolio.

    man Artem Chestnov

    Advisor, Board member, BitRewards

    Artem Chestnov has launched the most successful asset tokenization platform Latoken as managing director and head of operational team and acts as board member at Reborn (life extension technologies). Artem has wide experience in marketing and business development with global leading corporations (Inbev, Loreal) and MBA degree from INSEAD. His specialty is launching new products to market, in his career he launched over 50 products, projects, 4 start ups and executed 2 successful exits.

    man Sergei Repko

    ICO strategy, marketing, IR

    Marketing Manager ICOBox. ICO marketing professional, 5 years experience in international companies, 3+ years in Digital Marketing. Participated in 11 ICOs which raised in total more than $120 million (Cybertrust, Genie, Ponder, GMT, Shping, Darenta, Bubbletone, Silica Nexus)




    Crowdsale details

    Distribution of tokens
    • Crowdsale (64%)
    • Management (14%)
    • Reserve for liquidity (12%)
    • Advisers (3.5%)
    • Bounty (2%)
    • Marketing (2.5%)
    • Contingency (2%)
    Budget allocation
    • Marketing, sales, merchant acquisition & partnerships (39%)
    • Product Development (27%)
    • Management (16%)
    • Operations (12%)
    • Legal (6%)
    Details Indicators
    Token Symbol BIT
    Pre-sale Start November 25th, 00:00 GMT+03:00
    Pre-sale End January 11th, 00:00 GMT+03:00
    Pre-crowdsale Start January 12th, 00:00 GMT+03:00
    Pre-crowdsale End Hard cap is reached or March 31st, 00:00 GMT+03:00
    Pre-crowdsale Hard Cap Fixed, $15000000
    Pre-crowdsale Soft Cap Yes, $3000000
    Crowdsale Start April 1st, 00:00 GMT+03:00
    Crowdsale End April 30th, 00:00 GMT+03:00
    Domain registration date 2017-09-07
    Domain owner Alexander Egorov, 6-63, 3rd Novomikhalkovskii proezd, Moscow, Mo, RUSSIAN FEDERATION

    Cost of the token

    28800 tokens for 1 eth

    Price without discounts

    Bonuses

    Pre-sale
    Bonus Dates Minimum purchase amount
    42% November 25, 2017 — January 11, 2018
    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    39% January 12 — March 31, 2018
    Crowdsale
    Bonus Dates Minimum purchase amount
    10% April 01 — 30, 2018

    Accepted currency

    • Bitcoin
    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    4
    Alexandr Gonchar May 09, 2018
    Rating of project
    3.8

    Advantages

    The loyalty platform for retailers based on the blockchain tecknology have very good chances for success and opportunities for implementation. Rewards for loyal clients using project’s token is also a nice idea.

    Risks and disadvantages

    The project did the same mistake, as many others: it tried to fix the price of its own token, ans using this price they build all system of interaction. They go even so far, as for predicting increase of token price in the near future. But the real cost of token is zero, until it is listed on the cryptocurrency exchange. Because onle than token will get real estimate and real price, according to the market, not developers.

    Comments

    The project has strong idea, its system is based on personal token, with some price, but it will undoubtedly fall. The real value of token, can be 100 times ( or even more) lower than the developers have paid.

    Denys Serhiichuk May 04, 2018
    Rating of project
    4.5

    Advantages

    Detailed Whitepaper of 72 pages. Team has many social networks for communicating with the audience ( Reddit, Medium, Bitocintalk, Youtube, Bitcointalk). Bitrewards has experienced advisors and partners. Among them there are such influential projects as Tui, Mark.Space and Adhive.

    Risks and disadvantages

    The platform can face difficulties with merchants, as I wonder regulators won't accept such idea at once. Due to the fact that it is built on Blockchain and this field is not regulated yet in many countries.

    Comments

    Bitrewards has future potential, as the team is actively working on implementation of the steps mentioned in the Roadmap, which is detailed enough.

    Jordan Semanda March 29, 2018
    Rating of project
    4.3

    Advantages

    The customers will be loyal to generous store sellers who award them with loyalty tokens. The customers will benefit more from Tokens award to the more effectively than the traditional awards given out at various shopping malls It will ensure rewards for the online transactions of those that might wish to use online purchasing. The project also uses API's that help to integrate into already existing commercial platforms. The project focuses on lowering expenditure and increasing profit. The system also allows the use of tokens gained by customers at any time as they wish. The crowd sales are relatively high which will increase the profitability of the venture.

    Risks and disadvantages

    The project will require acceptance from the existing business to engage in the ICO. which might not be welcome by some of them. More ads need to be created for purposes of awareness. Much as the venture is very profitable it might not work effectively as yet on a large scale because of limited awareness and trust to many about digital currency

    Comments

    The project focuses on creating a platform that brings benefit to both the customers and the sellers. The project will encourage on the adoption of digital currency by many people that carryout shopping and are interested in acquiring loyalty tokens. The project will have to ensure effective strategies to gain a large market share and ensure customer loyalty which will limit future competition . The project has no apparent competition which should be used to its advantage Diversification of the currently acceptable crptocurrency will expand the market base.

    Veronika Arbisman March 25, 2018
    Rating of project
    5.0

    Advantages

    Stimulation of customers for their loyalty by rewards. Customer get tokens for their purchases, which can be redeemed for purchases or transferred to another crypto-wallet. Increasing of the retailers' revenue by dozens of %. Merchants get software for free. Benefits for users, merchants, business development and security.

    Risks and disadvantages

    Has no objective weighty risks or disadvantages to my opinion.

    Comments

    Making customers more satisfied with rewards in crypto and making them even more loyal are good drivers to any customer dependent business.


    FAQ

    Frequently Asked Questions

    What are BIT tokens and what are they used for?

    BIT tokens are the tokens used for our project, BitRewards. After the launch, shoppers will be able to earn them by making purchases and conducting other actions, configured by the merchants in BitRewards Network. BIT will also work as a payment medium, and will give BIT holders a possibility to redeem it with every participating merchant. The holders of BIT tokens can also receive bonuses on their purchases at certain stores.

    When will the token offering take place?

    The closed pre-sale started on 25 December, 2017 and lasted till 11 January, 2018.
    The pre-sale started on 12 January, 2018 and will last till 31 March, 2018.
    The public token sale will start on April 01, 2018 and after a few stages, will end April 30, 2018 at 23:59 UTC, or until all tokens are sold.

    What is the allocation of BIT tokens?

    64% of tokens will be sold during the pre-sale and crowd sale stages, 14% will go to the Management and core team, 3,5% is allocated for Advisors, 2% for the Bounty campaign, 12% for the liquidity reserve, 2,5% for the marketing and 2% for contingency.

    How to participate in the Pre-Sale/Crowd-sale?

    To take part in the token offering, you should simply send ETH or BTC to your personal ETH or BTC address. Click «Buy Tokens» button to get a personal ETH and BTC addresses.

    Can I send my contribution from an exchange such as Coinbase or Poloniex?

    Yes, you can. As far as we accept only ETH or BTC, you may need to buy them for any fiat currencies at crypto-exchanges. While processing the exchange or transfer operation, please, specify the receiving/destination ETH or BTC wallet address provided in your personal online cabinet. Once the transaction is completed, corresponding amount of tokens will be allocated to your personal account. Notice that exchanges and payment/transfer services may apply some additional fees — please, estimate the amount for your transfer accordingly.

    What happens if BIT hard cap is reached before the token sale end date?

    If the hard cap is reached before the end of token sale, ICO will automatically stop, and we will end receiving contribution payments.

    Can I get BIT tokens for free?

    Join our Telegram group at https://t.me/bitrewards. Any bounty programs are announced there.

    Will businesses be able to issue tokens which users may only spend at their shops? If so, what is the incentive for businesses to adopt your system?

    We don’t plan to impose the limitations on the merchants — they can both issue points or BIT tokens to reward their users on our system. E.g. they can choose to reward for shares and likes with points, and for the purchases of the referred friends with the crypto. We aim to give the suite of tools that solve the merchants' problems better, rather than tie them up to our platform. It will result in broader adoption in the long run.

    The merchants want to have a tool that enables them rewarding not only with points, but with something the users deem more valuable — cash, or cryptocurrency (which in certain aspects is better than cash).

    The adoption from the stores presently will, besides the other factors, be driven by the fact that rewarding in crypto helps to stand out among the competition, and in the future, it will become the industry standard and will be demanded by the users.


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