[BOUNTY] BitRewards: Loyalty Programs on Blockchain - page 102.

As far as I understand, after the launch of the platform they will also BitRewards DAO... What functions will it perform and what’s the purpose of its creation?

momo

newbie

Activity: 294

Merit: 0

I would like to learn more about the machine learning and prospects of its use in the platform. Can you tell me you who will be responsible for its use?

slavonicpl

member

Activity: 238

Merit: 10

Quote from: hollybit on March 30, 2018, 04:40:52 PM

Quote from: slavonicpl on March 30, 2018, 03:59:58 PM

Quote from: hollybit on March 30, 2018, 03:20:47 PM

Quote from: slavonicpl on March 30, 2018, 02:56:16 PM

Quote from: hollybit on March 30, 2018, 02:17:05 PM

Quote from: slavonicpl on March 30, 2018, 01:25:12 PM

I see a certain complexity or, let's say, an important aspect in the work of the project and the platform. One of the most important conditions will be the stability of the token. And it will be quite hard to achieve it in today conditions. Even with the reserve capital ... Will there be any mechanism for that? Or will everything be regulated without any external force?

You rightly noted the importance of the stability of the cryptocurrency’s rate in the project. This really plays a significant determining role, as BIT is a mean of payment in the project. Stability is important not only against other crypts, but also against the fiat.

I would add that liquidity is also very important…

They will create a Bancor formula, that will be based on a smart-contract, to provide this liquidity and to mitigate market fluctuations. This will allow to buy and sell BIT, and will also be used to increase market demand and supply when token exchange rate fluctuations come out of a certain corridor.

OK! This is a reasonable and tested method in the real economy, so I believe that the choice is right. Is everything focused on a smart-contract?

A special liquidity smart-contract will contain the BitRewards system’s token reserve and money. Anyone will be able to buy or sell BIT just by sending ETH to the contract’s address. This solution is able to provide token liquidity and solves the problem of "double coincidence of desires".

What is this problem?

hollybit

full member

Activity: 252

Merit: 100

Quote from: slavonicpl on March 30, 2018, 03:59:58 PM

Quote from: hollybit on March 30, 2018, 03:20:47 PM

Quote from: slavonicpl on March 30, 2018, 02:56:16 PM

Quote from: hollybit on March 30, 2018, 02:17:05 PM

Quote from: slavonicpl on March 30, 2018, 01:25:12 PM

I see a certain complexity or, let's say, an important aspect in the work of the project and the platform. One of the most important conditions will be the stability of the token. And it will be quite hard to achieve it in today conditions. Even with the reserve capital ... Will there be any mechanism for that? Or will everything be regulated without any external force?

You rightly noted the importance of the stability of the cryptocurrency’s rate in the project. This really plays a significant determining role, as BIT is a mean of payment in the project. Stability is important not only against other crypts, but also against the fiat.

I would add that liquidity is also very important…

They will create a Bancor formula, that will be based on a smart-contract, to provide this liquidity and to mitigate market fluctuations. This will allow to buy and sell BIT, and will also be used to increase market demand and supply when token exchange rate fluctuations come out of a certain corridor.

OK! This is a reasonable and tested method in the real economy, so I believe that the choice is right. Is everything focused on a smart-contract?

A special liquidity smart-contract will contain the BitRewards system’s token reserve and money. Anyone will be able to buy or sell BIT just by sending ETH to the contract’s address. This solution is able to provide token liquidity and solves the problem of "double coincidence of desires".

slavonicpl

member

Activity: 238

Merit: 10

Quote from: hollybit on March 30, 2018, 03:20:47 PM

Quote from: slavonicpl on March 30, 2018, 02:56:16 PM

Quote from: hollybit on March 30, 2018, 02:17:05 PM

Quote from: slavonicpl on March 30, 2018, 01:25:12 PM

I see a certain complexity or, let's say, an important aspect in the work of the project and the platform. One of the most important conditions will be the stability of the token. And it will be quite hard to achieve it in today conditions. Even with the reserve capital ... Will there be any mechanism for that? Or will everything be regulated without any external force?

You rightly noted the importance of the stability of the cryptocurrency’s rate in the project. This really plays a significant determining role, as BIT is a mean of payment in the project. Stability is important not only against other crypts, but also against the fiat.

I would add that liquidity is also very important…

They will create a Bancor formula, that will be based on a smart-contract, to provide this liquidity and to mitigate market fluctuations. This will allow to buy and sell BIT, and will also be used to increase market demand and supply when token exchange rate fluctuations come out of a certain corridor.

OK! This is a reasonable and tested method in the real economy, so I believe that the choice is right. Is everything focused on a smart-contract?

insight7

member

Activity: 147

Merit: 10

WEEK#5(22/03-28/03)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/cryptmoneymaker
Retweet:
https://twitter.com/bitrewards/status/977540651758817280
https://twitter.com/bitrewards/status/976794358379962368
https://twitter.com/bitrewards/status/978366344595935232
https://twitter.com/bitrewards/status/978715366632411136
https://twitter.com/bitrewards/status/978990028742279170

Tweet
https://twitter.com/cryptmoneymaker/status/979452025468485633

hollybit

full member

Activity: 252

Merit: 100

Quote from: slavonicpl on March 30, 2018, 02:56:16 PM

Quote from: hollybit on March 30, 2018, 02:17:05 PM

Quote from: slavonicpl on March 30, 2018, 01:25:12 PM

I see a certain complexity or, let's say, an important aspect in the work of the project and the platform. One of the most important conditions will be the stability of the token. And it will be quite hard to achieve it in today conditions. Even with the reserve capital ... Will there be any mechanism for that? Or will everything be regulated without any external force?

You rightly noted the importance of the stability of the cryptocurrency’s rate in the project. This really plays a significant determining role, as BIT is a mean of payment in the project. Stability is important not only against other crypts, but also against the fiat.

I would add that liquidity is also very important…

They will create a Bancor formula, that will be based on a smart-contract, to provide this liquidity and to mitigate market fluctuations. This will allow to buy and sell BIT, and will also be used to increase market demand and supply when token exchange rate fluctuations come out of a certain corridor.

angel_0001

newbie

Activity: 182

Merit: 0

Quote from: angel_0001 on March 20, 2018, 01:30:59 PM

Joined twitter campaign

Twitter username: @kristofking2016
Twitter URL: https://twitter.com/kristofking2016
Spreedsheet #: 2,067

Week #4 (15/03 - 21/03)

Tweets:
1. https://twitter.com/kristofking2016/status/976164086366040064
2. https://twitter.com/kristofking2016/status/976429382360272897

Retweets:
1. https://twitter.com/bitrewards/status/974298180039954432
2. https://twitter.com/bitrewards/status/974565359624884224
3. https://twitter.com/bitrewards/status/974590059444887552
4. https://twitter.com/bitrewards/status/974713451288416257
5. https://twitter.com/bitrewards/status/975036807070052352
6. https://twitter.com/bitrewards/status/975746226820976640
7. https://twitter.com/bitrewards/status/975810511047659522

slavonicpl

member

Activity: 238

Merit: 10

Quote from: hollybit on March 30, 2018, 02:17:05 PM

Quote from: slavonicpl on March 30, 2018, 01:25:12 PM

I see a certain complexity or, let's say, an important aspect in the work of the project and the platform. One of the most important conditions will be the stability of the token. And it will be quite hard to achieve it in today conditions. Even with the reserve capital ... Will there be any mechanism for that? Or will everything be regulated without any external force?

You rightly noted the importance of the stability of the cryptocurrency’s rate in the project. This really plays a significant determining role, as BIT is a mean of payment in the project. Stability is important not only against other crypts, but also against the fiat.

I would add that liquidity is also very important…

mishanya3

newbie

Activity: 140

Merit: 0

Quote from: mishanya3 on March 22, 2018, 02:31:56 PM

Quote from: mishanya3 on March 15, 2018, 02:39:12 PM

Quote from: mishanya3 on March 08, 2018, 03:56:32 PM

Quote from: mishanya3 on March 01, 2018, 03:28:47 PM

Quote from: mishanya3 on February 25, 2018, 03:45:32 PM

WEEK#1(22/02-28/02)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/bethovenHODLer
Retweet:
1 https://twitter.com/bitrewards/status/967473427111178240 (25.02)
2 https://twitter.com/bitrewards/status/968125370296930305 (26.02)
3 https://twitter.com/bitrewards/status/968171631511302144 (27.02)

Tweet
1 https://twitter.com/bethovenHODLer/status/968949910614757378 (28.02)

WEEK#2(01/03-07/03)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/bethovenHODLer
Retweet:
1 https://twitter.com/bitrewards/status/968226477320933380 (01.03)
2 https://twitter.com/bitrewards/status/968943158515073024 (02.03)
3 https://twitter.com/bitrewards/status/969649961783693313 (03.03)
4 https://twitter.com/bitrewards/status/969936641744887811 (04.03)
5 https://twitter.com/bitrewards/status/970297165913485313 (05.03)

Tweet
1 https://twitter.com/bethovenHODLer/status/971121013105811456 (06.03)

WEEK#3(8/03-14/03)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/bethovenHODLer
Retweet:
1 https://twitter.com/bitrewards/status/970569551418155008 (08.03)
2 https://twitter.com/bitrewards/status/970763339302359043 (09.03)
3 https://twitter.com/bitrewards/status/971008329357996032 (10.03)
4 https://twitter.com/bitrewards/status/971226043456483328 (11.03)
5 https://twitter.com/bitrewards/status/971380306744836102 (12.03)

Tweet
1 https://twitter.com/bethovenHODLer/status/973631479812108289 (13.03)

WEEK#4(15/03-21/03)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/bethovenHODLer
Retweet:
1 https://twitter.com/bitrewards/status/973302628078714880 (15.03)
2 https://twitter.com/bitrewards/status/974029596285980672 (17.03)
3 https://twitter.com/bitrewards/status/974298180039954432 (18.03)
4 https://twitter.com/bitrewards/status/975746226820976640 (19.03)
5 https://twitter.com/bitrewards/status/975810511047659522 (20.03)

Tweet
1 https://twitter.com/bethovenHODLer/status/976521834278608897 (21.03)

WEEK#5(22/03-28/03)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/bethovenHODLer
Retweet:
1 https://twitter.com/bitrewards/status/976578813005004800
2 https://twitter.com/bitrewards/status/976717589035528192
3 https://twitter.com/bitrewards/status/976794358379962368
4 https://twitter.com/bitrewards/status/977540651758817280
5 https://twitter.com/bitrewards/status/978366344595935232

Tweet
1 https://twitter.com/bethovenHODLer/status/978339238092697601

WEEK#6(29/03-04/04)

TWITTER CAMPAIGN
TWITTER URL: https://twitter.com/bethovenHODLer
Retweet:
1 https://twitter.com/bitrewards/status/978715366632411136 (30.03)
2 https://twitter.com/bitrewards/status/978990028742279170 (31.03)
3 https://twitter.com/bitrewards/status/979378246918770689 (01.04)
4
5

Tweet
1

hollybit

full member

Activity: 252

Merit: 100

Quote from: slavonicpl on March 30, 2018, 01:25:12 PM

I see a certain complexity or, let's say, an important aspect in the work of the project and the platform. One of the most important conditions will be the stability of the token. And it will be quite hard to achieve it in today conditions. Even with the reserve capital ... Will there be any mechanism for that? Or will everything be regulated without any external force?

You rightly noted the importance of the stability of the cryptocurrency’s rate in the project. This really plays a significant determining role, as BIT is a mean of payment in the project. Stability is important not only against other crypts, but also against the fiat.

Topic: [BOUNTY] BitRewards: Loyalty Programs on Blockchain - page 102. (Read 38818 times)