Sofiko is a freelance fintech copywriter at Coinspeaker. With a Bachelor degree in International Business and Economics, Sofiko has been deepening her knowledge of an agile innovative industry primary focusing on the robust blockchain technology and cryptocurrencies. As a bank employee, Sofiko particularly keens on crypto and blockchain integration into the established banking systems.
A highly rated rewards platform BitRewards invites invertors to join Whitelist and therefore contribute to a cutting-edge loyalty business model that makes merchants and customers friends again.
Customers’ loyalty represents trust and it flows that trust becomes a new type of asset, since the difference in loyalty level between a company and its competitor directly translates into how much money each is going to make.
Much like the Bitcoin investors, retailers are ready to spend billions of dollars on the development of a software that will improve the loyalty of their customers in order to stay competitive in the currently crowded marketplace.
However loyalty programs are not only costly, but also time consuming and cumbersome to set up. Frequently instead of enjoying benefits and exclusive treatment, customers get only more frustrated from participation in them, complaining about difficulty to earn points or bonuses and to redeem them. It leads to the fact that most loyalty programs just fail to pay themselves off, and shut down in less than one-year period.
Nevertheless, a robust blockchain technology allows for introducing a novel approach towards loyalty and rewards market, which will create new value for customers, merchants and the community-at-large. BitRewards is the one who aims to leverage this opportunity and increase the retailers’ revenue by dozens of percent.
Being backed by an experienced and profitable loyalty SaaS company GIFTD that for several years has successfully helped thousands of small and medium-sides e-commerce businesses to profiting, the BitRewards platform enables retailers to reward their customers’ purchases, friends’ invited and other configurable actions with cryptocurrency.
The transparent and user-friendly ecosystem of BitRewards stimulates customers’ loyalty by the means of liquid Ethereum-based BIT tokens that customers receive as a reward in return for purchases and can easily redeemed them or transfer to another crypto-wallet.
The unique value proposition for the retailers is that BitRewards offers this valuable and expensive loyalty technology free of charge. The retailers will only have to buy BIT in the open market to reward their users. Utilizing a token reward system, the comprehensive loyalty program also taps into the cryptoenthusiasts audience, which is quite active and appreciates the attention from the regular businesses.
At press time, there are over 80 merchants registered at the BitRewards platform and the number increases daily. Seeking to expand its business reach, recently BitRewards was noticed to be engaged in a proactively collaboration. Reportedly, the platform has signed several significant partnerships that are to amplify e-commerce marketing as well as attract clientele.
The list of BitRewards business partners now includes an open source platform for creation of 3D- and VR- objects MARK.SPACE, the world’s first AI-controlled influencer marketing platform AdHive and newly added Ecwid Appstore that enables more than 1 000 000 of online stores to connect to BitRewards.
It is worth mentioning that BitRewards has proven to be a secure and competitive loyalty ecosystem receiving “Positive” (9/10 points) Investment Rating on ICOrating and 48 positive feedbacks (4.5/5) on ICObench for developed business model.
By now the platform has finished its Pre-sale events and successfully closed a soft cap of $3 000 000. Today investors are invited to join a Whitelist for a third round of the earlier token sale that will be live from April 9 until April 11, 2018. According to the BitRewards official web site, there is a limited 30% bonus for early birds and around 14 000 contributors have already whitelisted.