BitReward — revolutionary loyalty ecosystem that will allow you to connect platform operators, sellers, buyers, as well as all stores and sites through the API extension, offering to enter into the Bancor protocol network

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Nowadays, a lot of online shops are shaking my money for the construction of a loyal system of milking with its customers. BitRewards is intended to unite sellers with buyers on one platform, where you do not need to spend money on promoting your loyalty. The platform allows you to configure the API connection with e -commerce systems (Magento, Shopify, WordPress, Ecwid, etc.) to create a single center of all individual user sites. BitRewards works on the ERC20 system, after shopping, stores connected to the platform will receive a BIT token, which will allow for further trading. The perfect system will allow you to link Visa, Master Card with BitReward, enabling you to identify the implementation of Bancor’s smart contracts, as well as crypto-exchange exchanges. Also, you can send tokens to your ERC20 purse, or you can make a math conversion in Ethereum. Current statistics show that 50% of customers are reluctant to even register for bonuses from purchases. A perfect commission system will create a better business model, in which the amount of commissions varies depending on the number of participants.

The BitRewards network will have an intelligent network BitRecommendations oriented on decentralized recommendations. BitRecommendations is the world’s first decentralized crowdsourcing system of recommendations that It is designed to meet the needs of commerce and uses a chain circuit for quality control and safety data. All data of the intelligent network is stored in the IPFS file system, which will ensure uninterrupted and high-speed operation, eliminate fraud, and also preserve the history of previous users’ preferences, thereby reducing the time for finding new customers within the ecosystem. As soon as the data is processed, a smart contract is created that conducts inspection of the seller or not, if the seller tries to deceive, then the system in the further reduces the rating and payments. To study the sources of data from third parties will be used (Oracle Bluekai, Krux, MediaMath, etc.). The system will allow you to analyze loyal bonuses with the usefulness of the idea of the sellers and show only the best solutions. DAO will be a business introduction system, if most users of the platform do not agree with unscrupulous sellers, the system will automatically allow voting to close the business and hire a neighboring vendor to a new location. Developers can independently append programs with API connection, and negotiate with the developers of the project.

BitRewards distribution mechanism inside the ecosystem

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After the bidder has made the purchase, the seller sends the order to the operator via the IPA interface, after the operator confirms the transaction and the buyer of the goods receives his tokens to his account.

If the client does not have a purse, the operator creates a new purse automatically notifying the client, in the future the client can synchronize all the devices with a new purse.

After completion of operations on the counting of tokens on the client’s cottages, the operator confirms the transaction in dollars to the account of the seller.

It is also possible to buy goods for tokens, everything happens on exactly the same system.

Network Lightning &Raiden will work with 0 commissions.

The operator will monitor:

• The operator will always maintain the minimum number of ETH and fiat if they are needed to run the BitReward project.

• Create liquidity by transferring a token to the Bancor network.

• To maintain a constant liquidity of the price, the operator sells the tokens to the foreign market to stabilize its movement.

Also, sellers can conduct direct transactions without the participation of an operator.

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The retailer creates an intermediary purse that performs the function of the operator and allows you to receive tokens from the customer. In the future, both the buyer and the seller can choose the currency that is most promising and exchange through the network Riden. Liquidity contract can be exchanged for tokens directly from the seller, or crypto-exchange.

The seller makes all the necessary transactions for the purchase of token and currency files on the open market with a contract of Liquidity provided by the BitRewards network.

Liquidity smart contract will provide a solution from Bancor, it will allow to leave smart contracts for a long time, thereby leaving an application for the transaction without the need to simultaneously confirm the transaction.

What revolutionary solutions in the ecosystem offers BitReward?

• Current statistics show that 50% of clients do not even want to register for getting bonuses from shopping for 2 main reasons: unsatisfactory bonus system, as well as difficulty in obtaining due to a complex condition. To solve all these problems BitReward will provide the following extensions:
• BitRewards transfers all tokens and bonuses to the client’s purse, such a system allows users to make even more purchases, because in this way they will raise the price of the token higher and higher!
• First-class technical support, as well as an intuitive interface allows you to pay the main idea, so that users would accumulate bonuses.
• All crypto currency will be received free of charge with instantaneous speed

Against the background of these positive innovations, the project provides the following advantages:

• A single account integrated into popular social networks will unite the user with hundreds of sellers and buyers
• Bonuses accumulate in the entire BitRewards network, which binds all accounts together
• Tokens will be on the purse, and nowhere can not from there disappear until the seller himself does not want it

For sellers, the network offers the following advantages:

• Free, powerful, first-class task for any need of loyalty.
• Chance to stand out from the competition and promote the brand or store.
• A great opportunity to stand out from the competition and promote the brand or store.

An additional advantage of the project is the learning system BitRecommendations AI, which will automatically select the user preferences. How does the system work?

• Sellers connecting to the platform offer their own loyalty system.
• The algorithm also awards the friends of the operator.
• The desire to get caught and buy at the bottom of the token from the limited amount of 2 billion.

How customers earn BIT . User experience.

• Tokens are equal to the cost of goods — 1 BIT = 1 $ given for the goods, respectively, the more the goods cost, the greater the total number of tokens the user will receive.
• Further, it can leave tokens accumulated, or they can be transported to the main Ethereum wallet by entering its address, then the user will see an alert.

Widgets, add-ons and tools to facilitate the use of the platform

For commerce:

• The system of protection of purchases will stimulate the use of the platform.
• Referral system integration with social networks, the best calculator.
• Soft for sending gift cards to customers in the most popular networks.
• Such a system of loyalty will allow you to create an optimization, in which sellers can repeatedly call customers, because customers themselves will create balls for the seller.
• Cold and hot wallet, to confirm transactions manually, as well as automatically through the API system.

Mobile application will have the following opportunities: Scanning of bonus and gift cards, Geofencing.

My mark

The project is top-notch because it currently has the best loyalty system in which the users of the platform can choose the conditions for transmission, as well as the use of contracts. In the network, you can select as many as 3 consecutive algorithms — through the operator, through the creation of your own chain within the ecosystem, and also using the Bancor protocol, which will repeatedly unload and optimize the overall network. Users will be able to freely exchange with the maximum speed using Raiden’s advanced add-on, which will speed up transactions on the ethereum channel up to 1 second!

The project deserves the highest appraisal, as it is going to provide everything necessary for all members of the partnership, with further opportunities to link similar projects, thanks to the developed API system.

Token sale

Sale closes May 9th, 2018

1 BIT 0.00003472 ETH

1 ETH 28 800 BIT

All token 2.000,000,000

Team & Advisor

42 people

Road map will be completed in May 2019

Official Web Page https://bitrewards.network/
• White Paper https://bitrewards.network/wp.pdf
• Facebook https://www.facebook.com/bitrewards.network
• Twitter https://twitter.com/bitrewards
• Telegram https://t.me/bitrewards

Author: novikov433
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1043836

https://www.linkedin.com/in/artsiom-novikau-458138151/
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