BitRewards Takes a New Approach to Loyalty Programs Using Blockchain Technology
BitRewards is a project aimed at changing the way loyalty programs work by incorporating blockchain technology to create a flexible ecosystem for businesses and customers.
Winning customer loyalty is not an easy task nowadays. Companies are spending more and more on customer retention, but it does not help to stop the decreasing efficiency of their programs. It is getting harder to attract clients who appear to lack enthusiasm about collecting points and numerous discount cards.
In many cases, users have to wait long to get the reward, while lack of instant gratification pushes clients away. As for cashback programs, not only are the rates low and accumulating rewards potentially expensive, but customers who do not often use the services find these programs unattractive and almost useless. Changes are necessary to address these issues.
BitRewards offers a solution
BitRewards knows both how to spare businesses from wasting money on ineffective and costly loyalty programs and make customers happy with the rewards they get. The project offers an ecosystem built around a blockchain-based loyalty platform. Participation is free for business, while customers are rewarded with BIT tokens for shopping, inviting friends, giving positive feedback, and performing other actions that will help companies to increase sales, attract new clients, and promote their brand.
The key consumer benefits of the BitRewards platform
- It is useful. Customers can spend the tokens they get for their shopping, sell them on the exchange, transfer to another wallet, or just hold for saving purposes.
- It is convenient. Numerous discount cards, coupons, flyers, and overwhelming bonus program rules will become history. Users will get the same type of reward – BIT token – from all retailers.
- It is profitable. While companies will enjoy growth of brand awareness and sales volumes, their customers will get the tokens with significant upside potential. The unique business model of the project allows for their price appreciation.
- It is innovative. The stores participating in this program will attract a new and active audience of crypto-fans and those who wish to enter the crypto world without substantial initial investments.
BitRewards Token Sale details
The BitRewards public pre-sale started on January 12, 2018, and the project has already raised more than $2 million. Considering that the pre-sale will run up to March 31, it has every chance of reaching its soft cap, which is $3 million. The total supply of BIT tokens is limited to 2 billion, with only 1.28 billion tokens available for sale. The exchange rate of 1 BIT during the is currently set at 0.00003472 ETH. The BitRewards crowdsale starts on April 1, 2018 and is scheduled to end on April 30, 2018. If you are interested in the project, you can visit the official website or follow the project on Telegram, Twitter and Facebook.