BitRewards initial coin offering (ICO)

Blockchain rewards and loyalty platform



Cashback & Loyalty Points in Cryptocurrency. Bringing rewards on blockchain to shops & shoppers. Innovative business model. Working product, team of 20+, 5 years on the market.

4.2
56 56 expert ratings
4.1
4.6
4.2
4.4
View rating distribution
Starts in 1 year ago
2018-04-12 - 2018-05-31
Token
BIT Token
Type
ERC20
Price in ICO
1 BIT = 0.00003472 ETH
Platform
Accepting
Soft cap
3,000,000 USD
Hard cap
15,000,000 USD
Raised
6583400
preICO start
Jan 12, 2018
preICO end
Mar 31, 2018
ICO start
Apr 12, 2018
ICO end
May 31, 2018
More on ICO
Report

About BitRewards ICO

BitRewards is a blockchain rewards and loyalty system for e-commerce businesses. It enables online stores to reward their shoppers with a cryptocurrency "BIT", which helps to increase sales by an average of 17%. Because of the blockchain and our unique business model, this cutting-edge loyalty system is offered to the businesses free of charge.
With the advent of decentralized technologies, bringing the new approach to the transfer of value, the loyalty industry is bound to change profoundly.
Now merchants and customers are arch-enemies:
The customers don't care about the loyalty to brands or merchants — they want free stuff and easily switch brands.
And the merchants need to protect their bottom line and try to extract as much from every customer as possible often slipping to manipulation.
BitRewards is designed to turn this around and make merchants and customers friends again.
It is an AI-based blockchain loyalty platform and ecosystem that enables online retailers to reward their customers' purchases, friends' invites, social media actions, personal details and data sharing and other valuable behavior with crypto-currency "BIT".
"BETTER THAN CASH" REWARDS for customers.
It has an absolute value for the customers, as they get for their purchases and activities the liquid Ethereum-based tokens, which can be traded at an exchange, transferred to another wallet or redeemed for purchases. The tokens are also designed so that they can go up in value in the course of time, which will give the customers a chance to see their rewards appreciate rather than expire.
GAME-CHANGING SOLUTIONS for merchants.
Merchants get valuable loyalty technology, which allows them to manage the behavior of their users via the data-driven set of tools, which they can frictionlessly integrate with their web stores.
A comprehensive loyalty program increases the merchant’s revenue by dozens of percentage points*. The merchants are also tapping into the crypto-enthusiasts audience, which is very active and appreciates the attention from the early adopters of technology.
The unique value proposition for the merchants is that BitRewards will offer this premium out of the box software free of charge. They will only have to buy BIT tokens to reward their users. The value of such software starts from $100-200/month. Therefore thousands of online stores will be keen to connect to the platform. We can make such a claim because we operate in the market of rewards and loyalty software for more than five years and know the problems and daily needs of the merchants.
The team of BitRewards consists of probably the strongest tech core, who works on the blockchain for the retail industry. Coupled with business development and financial expertise of other members, the team is perfectly prepared to deliver an impeccable product to the global market.
Competition is far behind with little experience, confusing business models and often non-existing product.
BitRewards is compatible with the most existing e-commerce systems (Magento, Shopify, WordPress, Ecwid, etc.) and has signed letters of intent with the online store builder platforms, which service more than a million online stores globally.

BitRewards reviews

Igor Karavaev
ico advisor and investor
Rated on Apr 28, 2018
5
5
5
2%
Ricardo Ruiz
Ricardo
Rated on Feb 2, 2018
4
3
3
1%
Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Feb 2, 2018
4
3
4
1%
Helen Moskina
Portfolio Manager
Rated on Jan 8, 2018
4
5
4
1%
Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jan 23, 2018
4
4
4
2%

Existing product is always a good thing

Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Mar 4, 2018
4
4
4
1%
Simone Conti
Head of ICO, Cryptolab
Rated on Mar 5, 2018
5
4
4
1%

Amazing product for ICO and very strong team.

Risks I see is the possibility to do a similiar thing with existing token with large adoption and market cap (like ETH, XRP, .. ).

The advise is to find a partnership with a strong e-commerce or online marketplace.

Zahid Imran
ICO expert and Advisor, consultant
Rated on Feb 7, 2018
5
5
5
1%
Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on Apr 28, 2018
5
5
5
2%
Gökhan Koçak
Blockchain enthusiast. Innovator. Leader. International investor. Options and Futures trader.
Rated on Jan 24, 2018
4
4
5
1%

Great project. Good luck.

Stephan De Haes
ICO Advisor, Community leader and COO/Co-founder Krypt.ly
Rated on Jan 31, 2018
5
5
5
2%

The working product is the thing that highlights this ICO from others. Anyone can check the live demo on their website. The parent company GIFTD is in the business since 2013, they've built lots of marketing software for ecommerce, that gives the credibility. Last but not least, their vision is far beyond other blockchain rewards projects. All together, this gives BitRewards project the excellent marks. I met the team in person on the Amsterdam blockchain event and i can assure everybody this team is legit.

Daria Shamrai
Marketing & ICO Expert, Crypto Enthusiast
Rated on Apr 9, 2018
5
5
4
1%
Bonnie Normile
Business Development Manager
Rated on Feb 22, 2018
5
5
5
2%

huge industry, team proven talent, Great job!

Kirill Kazakov
Advisor, marketing strategist, ICO consultant
Rated on Feb 6, 2018
4
5
4
1%
Bobby (Borislav) Iliev
ICO Expert & Advisor | Business Development Consultant | Marketing Strategist
Rated on Feb 6, 2018
5
4
5
1%
Lluis Saltó

Rated on Feb 6, 2018
4
3
4
1%
Dr. Mihaly Kertesz
COO, strategist
Rated on Feb 7, 2018
5
5
5
1%
Vladimir Nikitin
ADVISOR | CONSULTANT | EXCHANGES Listing
Rated on Apr 4, 2018
5
5
5
2%
Ivan Zaytsev
Crypto-currency enthusiast, Marketing specialist
Rated on Feb 7, 2018
5
5
5
1%
Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on Feb 7, 2018
5
4
5
3%

A strong team driving this one, all in all a good rewards programme. I expect this one to do well

Tyler Sanford
Blockchain & Marketing Consultant | Community Management
Rated on Feb 7, 2018
5
5
5
3%

This is a really awesome project that I look forward to following closely! Today everything is about gamification and reward based systems. I think BitRewards has a huge potential. Good Luck Team!

Arthur Zubkoff
FinTech & Marketing Consultant
Rated on Feb 7, 2018
5
4
4
2%

Pros:
+ Appropriate use of blockchain; has a live demo
+ Comprehensive whitepaper with in-depth descriptions on the system
+ Great team

Cons:
- Slightly high % going to Management (however can be justified looking at the size of the team); could be spent more on Product Development
- No one-pager; the website is too lengthy
- Potentially strong competition ahead from the big players

Rick Tapia
Blockchain Advisor and Consultant
Rated on Feb 9, 2018
5
5
5
2%

Excellent project idea and the team is very strong. The aspect of rewarding customers in tokens is becoming a hot emerging area in the cryptocurrency space and the world at large. I look forward to where this project will go.

P.B. Stanton Esq.
ICO Advisor | Securities & Banking law | Former US Marine JAG Officer
Rated on Feb 10, 2018
5
5
5
3%

Strong ICO

Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Feb 10, 2018
5
5
5
2%

Rewards is a great way to increase adoption of cryptocurrency among the general public, and this ICO is focused in increasing adoption through online stores. I would like to see their vision extended to traditional stores as well. They have a strong team and there is a lot of potential Bitrewards.

Mohd Fadzli Ghazali
ICO investor|startup consultant
Rated on Feb 11, 2018
4
4
5
1%

For us most important, MVP and proven traction i.e GIFTD
Promise are easy and cheap, execution translates into real returns.
Business model can be futher improved.
Community engagement needs real boost. Good product, low hype = slow adoption

Rafael Deramas
Marketing Expert
Rated on Feb 13, 2018
5
4
4
2%

Awesome project, I wish you the best.

Aly Madhavji
Co-Founder of Global DCX | Top ICO Advisor | Angel Investor | Blockchain Entrepreneur
Rated on Feb 16, 2018
5
4
5
3%

Good team with many very strong advisors. The loyalty program has been done several times but none very effectively on the blockchain. This may have the potential and the product has a live demo.

Nikolay Shkilev
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Feb 17, 2018
5
4
5
3%

Everything is good, but I see one minus - it's FMCG sector, where there are giants and dinosaurs. They are difficult to sign and may interfere with the project.

Giorgi Topuria
Pioneer Blockchain Investor - CEO of Kepler Technologies
Rated on Feb 18, 2018
5
5
5
1%
Oliver Isaacs
Blockchain Investor, Advisor, Influencer & Speaker
Rated on Feb 19, 2018
5
5
4
1%
Francesco Redaelli
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member
Rated on May 8, 2018
4
5
5
2%

Nice idea and unconventional, it could be implemented with a good development in the new future.

Viktor Tabori
Co-founder, CTO
Rated on Feb 20, 2018
5
5
5
2%

Great team, awesome project! I've been waiting for this ICO for a long time!

Eli Bernstein
Blockchain & ICO Advisor
Rated on Mar 13, 2018
4
4
4
1%
Vasily Sumanov
ICO advisor, Economy researcher
Rated on Mar 13, 2018
5
4
4
1%
Paul Mears
ICO investor, cryto trader
Rated on Mar 3, 2018
3
3
4
3%

The lock up for team is low when all can sell their tokens within 7 months which doesnt match milestones and roadmap, this seem way to fast so team is low score due to risk they leave after 7 months . I don't understand the use of Bancor, the reserve is only 12% so what happens if the market overall goes down 50% and the reserve is sold very fats to pump the token price to keep it wihin the channel , reserves are eaten very fast. What is the range of channel that is being protected. I see this as increasing risk to company reserves rather than risk mitigation so affects vision score

Benjamin Randall
Blockchain Advisor
Rated on Mar 4, 2018
5
4
5
1%
Brian Heinen
Blockchain Solutions Advocate & Strategy Advisor | Founder of Blockchain in Europe LinkedIn Group
Rated on Mar 7, 2018
5
4
5
1%
Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Apr 29, 2018
5
4
4
2%

Looks like a solid project.

Tech part is OK, I have some trust in these guys, and the task doesn't look like a rocket science.

Problem (market opportunity) is clear, let's assume we bought the idea. OK

No plausible financial projections? OK, most ICOs don't bother to make them either, so let it go.

One thing which really concerns me is the lack of competitive analysis and/or basic sales forecast in the WP. It is very clear, that the market is very competitive, there are established players, so the cost of sales may be extremely high as well as revenues may be sub par. And we never know, because it is not disclosed for investors. What a pity.

Update 24.04.2018
The other problem is a Rule 506 of Regulation D, and the fact, that BitRewards are not prohibiting US investors and clients. It seems to by non-compliant with the regulation.

Update 28.04.2018:
Rule 506 of Regulation D looks damning here, I really have to lower the rate for the priduct and the vision do to this regulatory risk which is now too high and doesn't look to be addressed at all. Company filed for the exemption, but it doesn't look applicable here.

Alexei Strasser
Serial Entrepreneur | Growth Hacking ICOs & Blockchain Services| Advisory
Rated on Mar 8, 2018
4
4
4
2%

Generally very reasonable and interesting project. Everything looks good. The only remark on all of the three aspects and the reason not to give 5 stars:

- Team has not a big track record in blockchain
- Vision is nice but we're talking about an idea that has been around for ages (what's hard about it is actual implementation and market penetration)
- Product seems fair und working as exepcted

Sanket Agrawal
ICO Advisor, ICO Management & Strategies, Blockchain Technology, DLT, Digital Transformation
Rated on Mar 12, 2018
5
4
4
2%

Good rewards program and must say a very strong team.

Irina Nikitina
ICO Advisor
Rated on Mar 18, 2018
4
3
3
2%

Interesting ico

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

George Han
ICO Advisor
Rated on Mar 19, 2018
4
5
4
2%

I think this is a very well-thought through idea and the team shown the capability to deliver.

Mauro Presicce
Chartered Accountant, Marketing and Operational Advisor, Community Manager, Investor, Blockchain Manager
Rated on Mar 19, 2018
3
3
3
1%
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 22, 2018
5
5
4
2%

I really love the concept and it's reward programme.

Adnan Javed
Blockchain Startup Advisor, Technologist, Inventor
Rated on Mar 26, 2018
5
4
4
3%

Strong team, advisors and partners.

Milestones are well defined.

It is rare not to find any negatives about a project and BitRewards is one of them.

Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Midgard Ventures
Rated on Mar 27, 2018
4
2
3
2%

All team members are from Russia, but country mentioned - Singapure, why so?

"so that seven months after the Token Issue Date, all BIT tokens owned by the
members of the BitRewards team are released from lock-up." - for this roadmap 7 month are too less. Risk of overvalued tokens for now.

Team is pretty good.

But market is too competitive and what is the reason use blockchain technology? There are already a lot of loyalty services and they work without blockchain.

Navjit Dhaliwal
CEO at Iagon| CEO at Mjøsa Tannklinikk | Co-Founder of CanPol AS | Co-Founder of ArboLab AS
Rated on Apr 1, 2018
5
4
4
1%

Great team,

Ok vision, wish them all the best

Srini Katta
CRM Expert, Blockchain Solutions Architect, and a Certified Bitcoin Professional
Rated on Apr 2, 2018
4
3
4
2%

Bit Rewards team has extensive technical background in building the rewards product.
Vision: The companies that listed to use their product are very small and looks like are show case customers . Unless the team puts considerable efforts and bring at least a company that has significant revenues of north of $100 Million that is interested in their rewards solution.
I have seen their locking period is the shortest and that may tell the investor that team may not be in for a long haul.

Alexander Sverdlov
Cyber Security Advisor for ICO startups
Rated on Apr 2, 2018
4
3
4
2%

"the value will go up" is a very, VERY risky statement. The rest of the project looks okay.

Peter Bergstrom
CEO BitBlock Ventures
Rated on Apr 6, 2018
4
5
5
1%
Bas Geelen
ICO Analyst, Advisor & Investor
Rated on Apr 11, 2018
4
4
4
1%
Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Apr 9, 2018
5
4
4
3%

Great team! Good luck!

David Drake
Managing Partner
Rated on Apr 16, 2018
4
5
5
3%

Nothing beats the idea of cashback and loyalty points. This project is s sure success.

Graham Doggart
Blockchain Advisor and ICO Growth Consultant. Founder at Dynamic Abundance Advisory
Rated on May 4, 2018
5
4
5
2%

Solid looking project. Good team.

PlumBot
ICO Analyzer Bot
Rated on Sep 2, 2018
0
0
0
7%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

BitRewards ICO price

Price in ICO

1 BIT = 0.00003472 ETH

BitRewards (BIT Token) crypto

BitRewards coin

BitRewards token
BIT Token
BitRewards type
ERC20
BitRewards platform

BitRewards (BIT Token) value

Tokens for sale
1280000000

BitRewards market cap

BitRewards market capitalization
$ 6583400

BitRewards investment info

Accepting
Distributed in ICO
64%
Soft cap
3,000,000 USD
Hard cap
15,000,000 USD

BitRewards whitepaper

BitRewards team

Apply as an advisor

Alex Egorov

CEO

Alexander Nevidimov

CTO, Blockchain architecture, Big Data expert

Andrey Kladov

Mobile architecture, blockchain

BitRewards milestones

1
April - May, 2019

WePower idea

2
February – October, 2017

WePower idea

3
January - April, 2019

WePower idea

4
July - November, 2018

WePower idea

5
June - August, 2018

WePower idea

6
June - July, 2018

WePower idea

7
March - June, 2018

WePower idea

8
November, 2016 - February, 2017

WePower idea

9
October 2017 - May 2018

WePower idea

10
September - December, 2018

WePower idea

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