BitRewards (BIT) ICO
Past ICOApr 12, 2018 – May 31, 2018
BitRewards is blockchain rewards and loyalty platform.
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BitRewards is a B2B2C platform for creating loyalty programs for online trading and service enterprises, based on a single ecosystem with the use of blockchain technology and an internal cryptocurrency. Its technology is based on GIFTD, a SaaS project operating in the field of user rewards and loyalty for more than five years.
BitRewards platform is built on Ethereum blockchain, and it introduces BIT tokens with a utility functionality. BitRewards tokens (BIT) are the internal currency of the platform used to carry out all transactions within the ecosystem. BIT tokens can be redeemed with any BitRewards partner store or traded at an exchange.
BitRewards ecosystem includes an infrastructural platform, community and a network of communication.
The BitRewards platform offers merchants an AI-based rewards platform and tools (plug-ins for connecting to the ecosystem, a crypto wallet, a mobile app, corporate loyalty system).
Shoppers using the BitRewards platform receive a single loyalty entry point. BitRewards provides shoppers with a crypto-wallet, a mobile app, storage system loyalty card, gift card and geofencing. Buyers using the BitRewards platform get rewards in cryptocurrency that are not tied up to one store. BitRewards tokens (BIT) earned by the shoppers can grow.
After the token launch, the platform is going to create the decentralized autonomous organization.
ICO DetailsPre-ICO token supply: 191000000
ICO token supply: 1089000000
Soft cap: 3,000,000 USD
Hard cap: 15,000,000 USD(fiat)
Raised: 6,441,000 USD
Token infoTicker: BIT
Token standard: ERC-20
Token price in USD: 1 BIT = 0.01715411 USD
Token price in ETH: 1 Token = 0.000035 ETH
Accepted currencies: ETH
Pre-sale - 30% bonus
12.00% - Reserve for liquidity
64.00% - Total for sale now
14.00% - Management
3.50% - Advisers
2.00% - Bounty
2.50% - Marketing
2.00% - Contingency
27% - Product Development
12% - Operations
39% - Marketing, sales, merchant acquisition & partnerships
6% - Legal
16% - Management
BitRewards (BIT) Roadmap
Development of a points based loyalty system GIFTD designed to reward shoppers. (?ompleted)
Structuring the concept of using Ethereum blockchain with loyalty and rewards tools and customer development of the cryptorewards for e-commerce industry, team hiring. (?ompleted)
The full-functioning loyalty system BitRewards for the retailer and the user's crypto-wallet connected to the loyalty program, with access on the website of retailer and BitRewards website
Retailer Crypto-wallet and liquidity management smart contract
Integration of loyalty system with Lightning Network and Raiden Network (after the launch of these technologies).
Customers Mobile app with crypto-wallet.
Introduction of digital gift cards and scanning of loyalty cards into the mobile wallet.
Mobile SDK for merchants apps.
Integration of AI and machine learning into the BitRewards platform.
Blockchain based traffic exchange between online and offline merchants.
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