To increase sales of products and services then many Merchants have a loyalty program that is addressed to consumers. In addition to increasing sales, the program also aims to satisfy customers so that they become more loyal and provide sustainable benefits for merchants. With the loyalty program in the e-commerce business will provide benefits and benefits not only for the merchants but also for consumers. But so far, loyalty programs owned by Merchants and stores are not maximized, such as low cash back and many loyalty programs that use point system that can be expired and ultimately can not be used and not valuable.And therefore with the existence of cryptocurrency and Blockchain technology that began in use into e-commerce business provides some benefits and convenience for merchants and also its customers, and also in loyalty programs allow for merchants to provide rewards to customers just by shopping, invite friends and family go shopping, make video reviews and so forth. All these things aim to attract new customers to merchants. And to maximize the loyalty program and can provide more benefits and customer then starts ups Bitreward will bring the loyalty program into blockchain. Blockchain technology provides high security and transparency, and will certainly make loyalty programs in e-commerce business better.
What is Bitrewards?
BitRewards is a loyalty platform and ecosystem in the block chain that allows retailers to reward their customers. customer purchases, friend invitations and other adjustable actions with crypto-currency.
It has an absolute value for customers, as they obtain liquid tokens based on Ethereum for their purchases, which can be exchanged for purchases or transferred to another cryptographic folder.
Currency prices have also been set for growth because of our unique business model, so these rewards can increase in value in the case of the company rather than expire.
BitRewards also brings many benefits to retailers, as they get more demanding customers.
How Bit Works
BitRewards mission is to provide a loyalty and rewards platform which connects online retailers of all kinds with customers.
With BitRewards, merchants get BIT software at no charge. The software is based on an innovative and profitable product with a five-year market history, which has been proven to grow revenue by an average of 17 percent.
Meanwhile, shoppers are rewarded for their purchases, referrals, Facebook likes, and other activities in BIT tokens – which may be redeemed for rewards or cash.
In essence, BitRewards lets merchants buy BIT while shoppers hold BIT. In doing so, shoppers get liquid tokens, merchants acquire more sales, and the entire community benefits from a united growth.
The Benefits
BitRewards is set to utilize the blockchain in order to disrupt the fragmented and broken loyalty/rewards industry. The team believes in the power of smart contracts and cryptocurrency and will utilize Ethereum to usher in a new era of customer loyalty.
Distributed ledgers and blockchain protocols bring numerous benefits to everyone involved in the BitRewards ecosystem.
For users, BitRewards offers rewards in the form of cryptocurrency which are not tied to the success any particular merchant. They are easily redeemable or exchanged into any other liquid asset, and are personalized and custom-tailored to the user’s interest. Furthermore, while tradition rewards expire, these cryptocurrency rewards appreciate in value.
For merchants, BitRewards offers premium software at no cost. The software has been shown to increase customer loyalty and generate extra sales and provides the tokenization of both standalone loyalty programs and merchant-specific tokens. It also connects any proprietary loyalty programs to BitRewards tokens via API.
BitRewards is also safe and secure. DAO guarantees the efficiency of BitRewards network development. Merchants also own and benefit from their raw data, while developers can create successful solutions which incentivize the adoption of the BitRewards network.
Market Vision
BitRewards is designed for all types of retailers, but our strength is e-commerce because they easily adopt such services and are easy to scale. The e-commerce market has grown steadily each year, and according to Statista's data, the market will grow by more than 70% in the U. S. during the first quarter of 2010. the next five years (from $360 billion in 2016 to $638 billion in 2022).
Value Proposition
BitRewards is a B2B2C loyalty and reward solution built on a block chain and intelligent contract.
technology. The platform allows merchants to reward shoppers with BitRewards tokens (BIT, an ERC20 token) for their and their friends' purchases and other valuable stocks with a configurable value. rewards. AI-based analytics allows you to configure and adjust rewards for the best results. of conversion and loyalty, which translates into increased sales. Decentralized Rewards Management
in the block chain makes the platform unique and offers great value to all platform members and their customers.
clients:
a premium chain loyalty management system with a value of $200 to $2,000 per customer.
free month. for customers - cryptocurrency rewards, which they can convert into real money or redeem for money.
that do not expire and tend to increase in price.
Our platform provides the necessary infrastructure for the loyalty management system: modules or
plug-ins for all online trading platforms (OpenCart, Shopify, WordPress, Magento, etc.), mobile wallets for customers, mobile applications and browser extensions (Chrome, Firefox).
Because BitRewards is a decentralized system, its solutions are easily scalable and do not have a geographic system. platform limitations or restrictions. In fact, the plug-in can be downloaded from ecommerce application stores, platform and website developers and any retailer can connect to BitRewards in just a few minutes.
ICO Bitrewards Details
- ICO Start: April 9, 2018
- Symbol Token: BIT
- Purchase: ETH
- Type Token: ERC20
- Token Price: 1 ETH = 28,800 Tokens
- Minimum purchase:-
- Bonus: Up to 30%.
Who is the team founder of Bitrewards?
Bitrewards founder team consists of Alexander Egorov as CEO who has 15 years experience in banking, finance and debt issuance, VP for National Reserve Bank (Moscow). Alexander Nevidimov as corporate CTO. He has over 12 years experience in backend development (and 3 fullstack years), and previous work experience includes: Major developers 50btc.com, CTO GIFTD for 4 years
Lastly, Vitaliy Makarenko serves as the project COO. According to its professional LinkedIn page, it has extensive experience in the management and sales of corporate processes. He has worked in various strategic industry projects for various Fortune 500 companies.
Conclusion
So far, loyalty and cash back programs that exist in e-commerce do not provide the maximum profit, merchants and retailers spend a lot of cost for this program but can not attract many customers, while the customer who get the reward point is difficult when the point is expired and not can be reedem. So with the Bitrewards platform that allows retailers and merchants to provide rewards in the form of BIT tokens to customers who can be reedem without expiration or expired or can also be exchange with other cryptocurrency and in withdraw to fiat currency. The benefits provided by Bitrewads to customers and retailers will make this ecosystem fast becoming bigger, so the bigger the ecosystem will also result in more demand for BIT tokens and the value is likely to rise.
FOR MORE INFORMATION VISIT LINKS BELOW:
Website https://bitrewards.network/Telegram https://t.me/bitrewards
Facebook https://www.facebook.com/bitrewards.network
Twitter https://twitter.com/bitrewards
Author : Chusnul
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