BitRewards ICO review, all information about token sale BitRewards (BIT) | ICORating
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BitRewards

Marketing & Advertising

Overview

BitRewards is a platform for creating loyalty programs for online trading and service enterprises, based on a single ecosystem with the use of blockchain technology and an internal cryptocurrency.

Features

BitRewards is a B2B2C platform for creating loyalty programs for online trading and service enterprises, based on a single ecosystem with the use of blockchain technology and an internal cryptocurrency. Its technology is based on GIFTD, a SaaS project operating in the field of user rewards and loyalty for more than five years.

BitRewards platform is built on Ethereum blockchain, and it introduces BIT tokens with a utility functionality. BitRewards tokens (BIT) are the internal currency of the platform used to carry out all transactions within the ecosystem. BIT tokens can be redeemed with any BitRewards partner store or traded at an exchange.

BitRewards ecosystem includes an infrastructural platform, community and a network of communication.

The BitRewards platform offers merchants an AI-based rewards platform and tools (plug-ins for connecting to the ecosystem, a crypto wallet, a mobile app, corporate loyalty system).

Shoppers using the BitRewards platform receive a single loyalty entry point. BitRewards provides shoppers with a crypto-wallet, a mobile app, storage system loyalty card, gift card and geofencing. Buyers using the BitRewards platform get rewards in cryptocurrency that are not tied up to one store. BitRewards tokens (BIT) earned by the shoppers can grow.

After the token launch, the platform is going to create the decentralized autonomous organization.

Crowdsale

Pre-sale
Pre-sale start date 09 Apr 2018
Pre-sale end date 11 Apr 2018
Pre-sale token supply 191,000,000
Token Sale
ICO start date 12 Apr 2018
ICO end date 31 May 2018
ICO token supply 1,089,000,000
Soft cap 3,000,000 USD (fiat)
Hard cap size 15,000,000 USD (fiat)
Raised 6,441,000 USD
Token details
Ticker BIT
Type Utility-token
Additional Token Emission No
Accepted Currencies

ETH

Bonus Program

Pre-sale - 30% bonus

Token distribution

12.00% - Reserve for liquidity

64.00% - Total for sale now

14.00% - Management

3.50% - Advisers

2.00% - Bounty

2.50% - Marketing

2.00% - Contingency

Funds allocation

27% - Product Development

12% - Operations

39% - Marketing, sales, merchant acquisition & partnerships

6% - Legal

16% - Management

27% - 

27% - 

Ratings

Type of ratings
Rating
Status
Risk score
Medium
Active

Team members

Name
Position
Score
Social
PR, IR, Marketing and Stucturing
1
International scaling and business development
1
ICO strategy, marketing, IR
1
CEO
1
CTO, Blockchain architecture, Big Data expert
1
Business Development, E-commerce
1
Mobile architecture, blockchain
1
QA engineer
1
Network security engineer
1
USA Sales and IR, Board member
1
Business Development
1
CMO
1
Technical support engineer
1
Chat-bot, machine learning engineer
1
Full-stack developer
1
Frontend engineer
1
Head of design
1
Backend developer
1
Frontend engineer
1
Fullstack engineer
1
COO
1
Founder and CEO, DiscWallets.com
1
Head of partners, InSales (A leading online stores’ builder)
1
Founder and CEO, MageCloud.net (Development and services for Magento online stores)
1
Chairman, Assist (One of the largest Ecommerce payment systems in the Eastern Europe)
1
CEO and Founder, PromoSoundGroup.net
1
Managing Partner Nika Estate (Elite real estate boutique)
1
Tokenomics, business and financial model, strategy.
1

Advisors

Name
Position
Score
Social
Advisor, technology, Greater China scaling
1
Advisor, PR, global scaling
1
Advisor Enterprise solutions, Data Expert
1
Advisor Payments processing and finance advisor
1
Advisor blockchain, vision
1
Legal Advisor
1
Legal Advisor
1
Advisor
1

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
Q1 2019 NA No NA NA

Media about BitRewards

Exchanges

Exchange name
Country
Volume 24H
Pairs
Panama $528.7K 502
B+
Hong Kong $205.4M 912
B
NA $7.6M 365
C+
Estonia $510.9K 218
NA
Russian Federation $91.7K 97
NA

Rating Review and Analytics

Investment rating Info NA
Hype score Info High
Risk score Info Medium
BitRewards ICO Contacts
More on ICO

Trading

(BIT)
$0.0005
3.01% 24H
ETH
return 0.19x
Start ICO 12 Apr 2018
End ICO 31 May 2018
Token BIT
Price 1 BIT = 0.01715411 USD
Product Type Platform
MVP Alpha
KYC No
Whitepaper View
BitRewards (BIT) widget
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