DragonBite ( A New Way to Loyalty Reward Points System)

OVERVIEW

DragonBite is an open, decentralized Asset Management platform for customers to store and swap all kinds of digital assets in One App with One password! Their vision is to disrupt the loyalty market with innovative business models and technology.

An average household enrolls over various loyalty rewards programs, which becomes a hassle to manage all the apps, cards, and passwords. At the same time, dragonbite complies with all reward points from different apps and accounts, making it easy to manage. The rewards points can be also be exchanged for official BITE tokens. The points that the customers earn are usually expired as they aren’t able to earn enough points to redeem. This problem can be easily solved by converting all the points in BITE tokens which never expire.

KEY FEATURES

  • DragonBite allows users to convert idle points from one brand to another. Customers can also convert all their points earned from different brands to BITE tokens.
  • DragonBite has an asset conversion protocol system which utilizes their liquidity pool. It can convert rapidly any of its supported digital assets to other digital assets at market value in real-time.
  • DragonBite aims to shift from centralized governance to DAO ( Decentralised Autonomous Organisation )
  • They have an Online-to-Online ( O2O ) execution platform, which is an advanced geo-targeting tool. Merchants can connect to their platform using API and design their campaigns to drive online traffic to their physical stores.
  • They have a dual token feature. BITE is a publicly traded crypto in exchanges. In the Dragonbite ecosystem, It is used as transaction fees and contribution rewards in transaction activities. BITE tokens represent the ownership of DragonBite; the more we have, the more voting power and governance ecosystem. While BITE point is DragonBite’s universal tokenized reward point pegged in USD at the ratio of 1:1. It acts as a medium of exchange between Digital assets and provides liquidity to buyers and sellers of their digital assets on the ecosystem.
  • All transactions, including redemption of points, loyalty transactions, and e-voucher issuances, are handled at the back-end server of the merchants and DragonBite without blockchain. To offer sufficient protection, their CTO will keep a check on both off-chain and on-chain components.

SF REVIEW

Loyalty marketing is a marketing strategy where companies offer rewards, perks, and incentives to customers, build trust, inspire customer loyalty, and increase customer retention. Loyalty marketing programs are a vital tool for businesses today as they attempt to stand out in a saturated market. The market for global loyalty programs is expected to reach $215-$216 billion while growing at a CAGR of 5–6 percent between 2017 and 2022. According to Beroe’s loyalty management market report, by 2020, the global loyalty management market was expected to reach anywhere between $184 and $186 billion. Loyalty marketing programs include rewards, software, and engagement tools that enhance and expand your customer value proposition. These can be used to attract new customers or inspire growth and loyalty from existing customers. Non-cash rewards are three times more cost-effective than cashback or discounts. Not only that, but non-cash rewards are more memorable and emotionally impactful.

We can see the growth of loyalty incentives has been rapid over the past years making room for new competitors. Most merchants are currently integrating with loyalty marketing to increase their users, making more space for growth. Current loyalty platforms fail to satisfy their current users and are often disappointed. DragonBite has analyzed the current market problems and bringing the perfect solution for the consumers through decentralization by crypto.

TOKENOMICS

Token Symbol — BITE

Token Utility — It is used as transaction fees and contribution rewards in transaction activities. BITE tokens represent the ownership of DragonBite; the more we have, the more voting power and governance ecosystem.

Total token Supply — 1 billion

USE OF FUNDS

ROADMAP

PARTNERS AND BACKERS

DragonBite has raised around 2.7m dollars in only 48 hours and received investments from some of the top blockchain-based investment firms in the market, which includes Molecular Hub, Mantra DAO, Duck DAO, SMO Capital, Rio Fund, Brilliance VC, and many more.

At the same time, it has top prominent crypto firms as their partner who are working together to walk a successful journey.

TEAM

SENTIMENTS

HYPE RATING — High

TEAM RATING — High

Investor’s Rating — High

Public IDO Rating — Medium

CONCLUSION

Loyalty marketing programs include rewards, software, and engagement tools attracting a lot of consumers while at the same time consumers face a lot of problems in claiming process and management. DragonBite has been aiming to solve these problems and disrupt this sector by bringing decentralization and governance ( DAO ) through crypto and merging all the loyalty points from different apps and platforms making it easy for consumers to manage their loyalty rewards.

Overall this sector has very high scope and with a vision like the DragonBite has, It will surely be reckoned soon in the market.

PROJECT LINKS

Website — https://www.dragonbite.io/

Twitter — https://twitter.com/DragonBiteDB/

Telegram — https://t.me/DragonBite

LinkedIn — https://www.linkedin.com/company/dragonbite/

Spykefast TG: https://t.me/spykefastofficial

Spykefast Twitter: https://twitter.com/Spykefast1

Contact Spykefast Group (TG Members — @realsch & @Gem_Flair) for promotions and AMA!!

--

--

--

SpykeFast is a Telegram group operated by two well-known #Crypto Twitter personalities @Gem_Flair and @realsch1. TG group link: t.me/Spykefastofficial

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why identity is critical for successful communities — Sandra Miller, Democracy Earth

Business2Blockchain Corporate Business Model | Strengthen Your Business by Securing it on a…

Business2Blockchain Corporate Business Model | Strengthen Your Business by Securing it on a Blockchain

Knowing Cent: monetizing your web using blockchain technology — Dapp review

The Features of the Breach Platform

SEOR Has Achieved The GateChain Milestone 1

AMA TRANSCRIPT: SPYKEFAST x POLKASTARTER

Meland Joins Breach Ecosystem of Strategic Partners

$FLURRY Unlocked: Claim & Stake reward on Snowball

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Spykefast

Spykefast

SpykeFast is a Telegram group operated by two well-known #Crypto Twitter personalities @Gem_Flair and @realsch1. TG group link: t.me/Spykefastofficial

More from Medium

Team Liquid Welcomes shox to its CS:GO Roster

img

Hosting Docusaurus Sites | Fathym LowCodeUnit Beta

How the FRX token brings us closer to hedge funds in a simple way.

Originally written in Chinese on 3/20/2021 by Jamie Chiahui Gao