Topic: ⭐⭐⭐⭐⭐[ANN][PRE-ICO][BitRewards | Blockchain rewards and loyalty platform]⭐⭐⭐⭐⭐ - page 40. (Read 33963 times)
May 05, 2018, 04:45:39 AM
From a large number of projects, this one is the best ICO, It will be a good if it will be launch on https://www.icoguide.com/en
May 05, 2018, 12:37:33 AM
What about scaling of your solution? Did u manage to select an optimal programming language to solve this issue?
Hello! Our solution runs on a very popular block-chain system Etherium, so it is not a problem. May 05, 2018, 12:37:01 AM
I can't understand is bitrewards POW or POS?
Hello, Our token is based on the Ethereum blockchain. So we can't say that BitRewards itself is either PoS or PoW. Meanwhile, Ethereum currently is PoW, with a probability to switch to PoS in the future. May 05, 2018, 12:36:29 AM
The only problem I have with that is that it defeats the purpose of a loyalty program since you're not binding the customer to your store. One can simply go to another one in the BIT network?
Please understand that it’s not that straightforward. It depends a lot on the specific settings for every merchant. We are combining the rewards that you can use only in the given store with the incentives that stimulate better than points to buy and refer friendsThink of a blogger who posted a link to a store’s product to his followers incentivized by a chance to earn crypto on their purchases. She wouldn’t have done so for the points. We are offering the solution which will mix both internal points and open-loop crypto rewards to achieve the maximum efficiency
Also, don't forget that crypto rewards would be a great attractor of sales for any shop. People would love receiving crypto-cashback and other crypto-rewards, so they would be more at the shop offering them. That's another piece of value that we bring to e-commerce.
May 05, 2018, 12:35:34 AM
Please tell the value of 1 BIT gets to 100 and a store rewarded a customer 1 BIT for buying a product of 50$. How will this affect the rewarding system?
Hello! There is no affection at all. The customer will either sell his 1 BIT or keep it. If he sells it, it will make a price a little lower than $100. If he keeps it, it will drive a price of BIT above $100. The store is independent of the BIT/USD price, please check out our previous answer.The rewards in BIT will be less when the BIT price is up.
When the merchant wants to reward a $1000 buyer with $50 cash back, our software will automatically buy BIT tokens for $50 on the exchange and give them to the customer. So the merchant is independent of the token volatility.
May 05, 2018, 12:35:08 AM
hey are there plans in project team to visit the blockchain conference ? And do you plan to invite large companies to cooperate?
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Hi, thank you for the question! We have a roadshow presenting our project all over the world, check our Medium: https://medium.com/@bitrewardsW
May 05, 2018, 12:16:15 AM
What about scaling of your solution? Did u manage to select an optimal programming language to solve this issue?
May 05, 2018, 12:03:17 AM
I can't understand is bitrewards POW or POS?
May 04, 2018, 11:56:07 PM
The only problem I have with that is that it defeats the purpose of a loyalty program since you're not binding the customer to your store. One can simply go to another one in the BIT network?
May 04, 2018, 11:31:40 PM
Please tell the value of 1 BIT gets to 100 and a store rewarded a customer 1 BIT for buying a product of 50$. How will this affect the rewarding system?
May 04, 2018, 11:20:00 PM
hey are there plans in project team to visit the blockchain conference ? And do you plan to invite large companies to cooperate?
W
W
May 04, 2018, 10:33:54 PM
Usually, the confirmation of a payment in the Ethereum blockchain takes about 60 seconds. Don't you think this could hinder the development of the platform?
Good question! As soon as the Lightning Network and Raiden Network technologies become available, the BitRewards Wallet will be integrated with them and become a part of these networks. It will speed up transactions to a few seconds. May 04, 2018, 10:32:56 PM
What's different between BitRewards and Retainly?
Hello! Let me answer that question! Regarding Retainly - it's for sure an interesting project that deserves some attention. However, it's not accurate to compare it with BitRewards for a number of reasons: 1) One thing is to talk, another one is to show. BitRewards is based and backed by a successful product - GIFTD - that was launched in 2012. Our team have enough expertise to extract the most from the distributed ledger technology to apply an innovative approach towards loyalty management market. Working product means a lot.
2) We focus not only on cash-backs but on any reward systems, so giving customers a freedom to choose. It also gives a necessary flexibility to BitRewards regarding different market trends.
3) We share the same spirit - to provide every citizen with cryptocurrency, though the realization differs - the RETN token economy is totally unclear from the whitepaper. Also, the liquidity issue has no place in it, whereas we describe token liquidity in detail.
All in all, we're open for potential co-ops as the only reasonable goal for us is to make the loyalty management market more efficient and beneficial for all the participants.
May 04, 2018, 10:32:14 PM
Good day. Let’s say, the store has run out of the tokens and the employees cant replenish the account right now. Is it possible to write an algorithm which would automate the replenishment process?
Hello! Since a lot of retailers are not quite ready to work with cryptocurrency exchanges directly, operations will be handled through the BitRewards’ operator company. The operator will deal with all crypto transactions between the merchant and the customer and will give the bill in USD for the merchant. May 04, 2018, 10:31:36 PM
Good evening. I cant really understand – will the use of the platform be free or will I have to pay with tokens for this?
Thank you for the question! There will be two types of service levels:1. Managed — when the entire software system and BIT token balance of the merchant are managed by BitRewards. That would be $0/month.
2. On-premise — when the merchant has its own server with Ethereum node for managing the BIT tokens. That would be about $10/month.
Also, we are going to introduce a transaction fee for BIT token transfers from shops to users. We'll do it not earlier than after a year of operations, and probably later. The commission fee will not exceed 0.5%, probably will be lower, depending on the BIT token demand.
May 04, 2018, 09:40:25 PM
Usually, the confirmation of a payment in the Ethereum blockchain takes about 60 seconds. Don't you think this could hinder the development of the platform?
May 04, 2018, 08:33:47 PM
What's different between BitRewards and Retainly?
May 04, 2018, 07:30:51 PM
Good day. Let’s say, the store has run out of the tokens and the employees cant replenish the account right now. Is it possible to write an algorithm which would automate the replenishment process?
May 04, 2018, 06:48:45 PM
this looks like a beautiful project. but I'm thinking about investing right now. I will wait for a while. i will evaluate in the future
May 04, 2018, 06:18:15 PM
Good evening. I cant really understand – will the use of the platform be free or will I have to pay with tokens for this?
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