BitRewards

BitRewards

A blockchain based loyalty rewards scheme is being offered by BitRewards

7.8
Token Sale ends on
26 Sep, 2018
$3,000,000
GOAL

BitRewards Info

Ticker:
BIT
Token Type
ERC20
Fundraising Goal:
$3,000,000
Received
N/A
Price
1 BIT = 0.00003472 ETH
Sold on Pre-sale
64%
Whitepaper
Yes
KYC
Yes
Country
Singapore
Industry
Loyalty Rewards
Blocked Countries
USA
Accepting
ETH, BTC

Pros & Cons

  • One of the more unique Initial Coin Offerings
  • Wide reaching appeal to forward looking investors
  • Long and short terms growth potential
  • Does appeal to the end user and the next generation of consumer too
  • Should soon reach soft cap
  • May not appeal to all investors
  • Will need KYC verification at some point
  • May require paywall integration
  • Tokens may become volatile in price
  • Could be embraced many companies

Features

A blockchain based loyalty rewards scheme is being offered by BitRewards

Overview

I have come across an almost endless supply of initial coin offerings that are about to launch or have launched that are offering a similar type of concept to the one being offered by BitRewards, and in a nutshell they are aiming to launch a service that will reward consumers of many different businesses and companies.

Customer loyalty is of course big business, and if any new players are entering that market place then they need to have something unique on offer, or sadly their concept is not going o be embraced by that many people.

There are going to be risks associated with any initial coin offerings and token generation event you do invest in, however I am going to leave it up to you whether you do feel BitRewards are going to be offering you the chance to invest in what may or may not turn out to be a profitable concept and project.

Team

Members

  • Alexey Gritsyna (USA BD, e-commerce)
  • Nick Avramov (Head of PR)
  • Rument Slavchov (PR, IR, Marketing and Stucturing)
  • Maxim Litkevich (Technical support engineer)

Conclusion

A solid and very experienced team is what is needed to ensure that a project that is backing any initial coin offering is going to take off and become profitable over the long term and that does appear to be something that BitRewards does have in place.

Whether or not brand loyalty is something that you are interested in investing in or not is of course up to you, but it is a market place in which there are a huge number of other companies already involved in it.

However, that does mean there are profits to be made, and as such if BitRewards can and do get a good foothold in that sector then there is the potential for this project to hit the ground running and become one that is widely embraced.

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