BitReward loyalty in cryptocureency based blockchain
BitRewards is a platform and ecosystem of Blockchain fidelity that allows retailers to value their customers' purchases with crypto currency. Customers, end users, are rewarded for their purchase with a BitRewards-based Ethereum token, which may be redeemed for future purchases or offers, or transferred to another crypto wallet and spent on other goods / services.
With the arrival of blockchain, broken loyalty trading is absolutely for modification. we tend to a good unit area believing that a good contract and cryptoes the core engine unit area and fuel for the era of client loyalty replacement. Ethereum allows the adoption of chic technical solutions.
Here are a few reviews about BitReward :
How BitRewards Work
All merchants gain access to the AI data analysis system. We call it BitRecommendations, which automatically recommends actions and rewards, aimed at offering customers a variety of actions and rewards that provide the most productive incentive behavior of customers for each particular merchant.
Resellers connect to the BitRewards loyalty system by installing a ready-made GIFTD extension or by integrating it with their own fidelity system. This solution rewards customers with BIT for their purchases and their friends and other actions. This module performs all required token processing via the BitRewards platform.
BIT values can appreciate because of the initial publication of 2 billion tokens and a constant demand for constant tokens from more and more retailers joining the platform. BIT awards that may encourage customers to store their tokens instead of redeeming them for purchases, thereby also reducing the number of free floating tokens.
Problems Completed by BitRewards Loyalty System
1. Account inactivity
BitRewards consolidates retailers in an integrated open loop loyalty system and provides a simple and easy-to-use user interface with a customer-centric approach.
2. Redemption rate is low
Unlike existing loyalty systems that provide points, BitRewards transfer the value into tokens and credited them directly to the customer's wallet. The value of prizes in crypto currency is ready to rise in line with crypto economic growth and market share of blockchain-based services and infrastructure, which will make customers want to spend their tokens on additional purchases.
3. Increased cost for customer service
Merchants can use the BitRewards platform for free. It can be easily installed, and set up and requires no special knowledge or technical skills.
4. Low motivation with prizes offered
Customer will receive crypto currency received as "free". This will spur their additional interest in cryptocurrency and start requests for valuable gifts from where they will be shopping.
Market Strategy
BitRewards promotions among retailers, content management systems, website makers, and e-commerce service providers are one of the key tasks, as the value of BIT tokens directly depends on the number of merchants on the network and the intensity of BitRewards rewards and application loyalty applications.
Since we aim to develop a large community of BitRewards adopters, we plan to offer a comprehensive loyalty solution and a free BitRewards loyalty system application. The value of the service is at least $ 200 / month, for small online stores, and up to several thousand dollars for a large store. Such offers are unprecedented and are comprised of key components for our marketing strategy.
Token Detail
Roadmap
For more information :
Website : https://bitrewards.network/
Whitepaper : https://bitrewards.network/wp.pdf
Twitter : https://twitter.com/bitrewards
Facebook : https://web.facebook.com/bitrewards.network?_rdc=1&_rdr
Telegram : https://t.me/bitrewards
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Thanks for sharing such a nice information. We look forward to get more information in future. Here you can find another blockchain technology in Digital Loyalty Card industry
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