BitRewards ICO: Company Review and BIT Token News Updates

BitRewards: BIT ICO AI-Powered Crypto Rewards Loyalty Platform?

Loyalty rewards – if merchants aren’t using them, you will probably agree they are consistently leaving money on the table. And, on the other side if customers aren’t using them to their advantage they are spending more than they are saving when it comes to their favorite merchants. So, meet BitRewards. Designed to benefit both the merchants and the customers. Here’s how.

Customers are rewarded for using their BitRewards card and are able to redeem their points for a plethora of different rewards by using their crypto wallets. Merchants, are seeing up to a 17% increase in sales because of how attractive the BitRewards programs are.

Since Blockchain emerged, the industry of the broken loyalty is about to change – forever. Through this platform, Ethereum is able to create small contracts and cryptocurrency being the core of the platform, both the engine and the fuel. Ethereum is developing the technical solution people have been waiting for.

The BitRewards platform is currently working through the GIFTD.tech business and this has been functional for. Five years. In simple terms, it Is a rewards and loyalty SaaS for small and medium sized businesses specifically, online stores. The foundation year was 2012 and started with less than 500 merchants on board, 21 full time employees and merchants saw an increase on average of 17%.

Described as a Game Changing Solution

The way that the technology is able to maximize the ROI is through customer behaviors. BitRewards will calculate the behavior and gear it towards suitable merchants that will bring the best rewards and results. This can be done through the implementation of social graphs, preferences, browsing and purchase behaviors and more.

The Multi-Purpose Crypto Wallet

Shoppers, also referred to therein as customer, will have an opportunity to receive cryptocurrency, store and manage their point balances in one place. This crypto wallet can be connected to bank debit cards that can be used in thousands of stores.

Through this same wallet, they can exchange their points for BitRewards. This will allow the customers to redeem their points are merchants who are participating and in turn, allows the merchants to attract new customers into their own stores based on reward redemptions.

The Blockchain Rewards and Loyalty markets are predicted to reach a $20 Billion-dollar market – and more. There is a current whitepaper available on their website and a long list of team members that include those in the field and the technical teams too.

Presently, there is a bonus available to those who purchase early to the tune of 31%! At the time of this article, there has been close to two million raised so far with a soft cap of three million. It is expected to reach and exceed that before this pre-buy option expires.

As far as an ICO Bench rating is concerned, BitRewards sits around a 4.7 out of possible 5 rating which is a great indication of where this ICO is headed.

BitRewards Events

There are currently six (6) events listed on the BitRewards website that range from Seoul and Shanghai to San Francisco and London as a few examples. BitRewards will be exhibitors at these events with team members available for you to connect with.

BitRewards believes, they are the future of loyalty – this could be possible with the structure, team and vision in place. Their current stage of development is the full-functioning rewards and loyalty platforms being integrated with the web app. This stage is geared towards consumers and the crypto wallet. BitRewards is continuing their research in the USA market and expansion is set to happen prior to May 2018.

A completed timeline is available on their website on both past and future deadlines.