Bittwatt — The Commercial Function

Bittwatt
5 min readMar 4, 2019

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It has been three months since the official launch of the Bittwatt Platform and the first results we have received are nothing but positive. Lots of new users have registered, people started making deposits and even creating their own pools. Trading has gone LIVE, so we can finally state that Bittwatt is now 100% active and operational!

For those who haven’t tried it until now, we would like to remind you guys that the platform can be used through its dedicated website ➡ https://bittwatt.com/or downloaded from the Apple Store / Play Store for mobile usage.

Being aware that their actions in these early stages can influence their future earnings on the Bittwatt platform, users have already started making their first deposits and also creating/contributing to pools.

In the previous article, we have mentioned that users can get substantial earnings by inviting other businesses to join our platform. This will be done through the Commercial function, which will be explained today.

The Pool Bonus

We are willing to reward everyone who wants to help the platform gain more liquidity by offering their BWT tokens to be escrowed for a certain period of time in order to create or join a pool in which the tokens will be used in transactions on Bittwatt Trading.

In other words, you will offer some of your BWT tokens to create or join an existing pool. You will not lose any of the tokens, they will just be untradable for you in this period of time and used as liquidity for the transactions that happen in that specific pool.

Anyone can contribute to the pool by offering from 10.000 to 1.000.000 BWT to be escrowed.

You will be rewarded for any type of transaction that happens within the pool, this meaning all of the 5 possible transactions: digital payment, virtual POS, trading, exchange, direct pay.

While having their BWTs added, the contributor can receive up to 50% of every fee paid for the transactions within the pool, so contributing to the pool is like having your own exchange integrated in our platform.

Just doing nothing with some of your tokens for a period of time can lead to an important profit on Bittwatt Trading

Become a Bittwatt Marketer and profit!

Inviting companies to join our platform as partners can grant you substantial rewards. All you have to do is bring a company that is able to adhere to our solution and integrate Bittwatt as a payment method.

The ones helping other businesses adhere to the Bittwatt solution are called Bittwatt Marketers. You can select any type of business that can integrate Bittwatt as a payment method, such as hotels, restaurants, utility providers, shops, and many more.

Before starting your activity as a Marketer, make sure to get your business validation on the platform. Every user is able to achieve that by filling in all the required fields in the business validation section of the KYC module within the platform.

After you have received the business validation, you are able to invite companies to get listed as Bittwatt Partners. After you have talked to the company you want to get listed, all you have to do is complete the form in the Commercial section on the Bittwatt Platform.

Once the form is submitted, we’ll take it over and discuss with the company. If the 2 entities come to an agreement and the business you have suggested is listed among our partners, then you’re officially a Bittwatt Marketer!

How are the Marketers rewarded?

Once the company you have suggested becomes a Bittwatt Partner, this means that they can use our platform to receive payments. The company is supposed to pay a fee for every payment they have received through our app, this fee being split as follows:

  • 50% of the fee goes back to the buyer (as a reward for choosing Bittwatt as a payment method)
  • 20% goes to the Bittwatt Marketer
  • 10% goes to the Marketer’s Pool to be used for transaction fees
  • 20% stays within the platform to be used as liquidity within the platform

This means that the Marketer will be paid each time the company they have suggested gets paid through the Bittwatt App, so the bigger the number of successful suggestions, the greater the income!

The advantages of being both Pool Owner and Marketer

The members of your pool represent your Customer Portfolio, while the businesses you bring in as a Marketer represent your Shopping Portfolio.

Having both Customer Portfolio and Shopping Portfolio will turn you into an important connection point between buyers and sellers.

IMAGINE “BITTWATT’S MOST WANTED”

As we have stated above, 10% of the fee paid by the company after every transaction within the Bittwatt Platform will go directly to your pool, increasing its value, while other 20% of it will go directly to your wallet.

If your activity as a Marketer will bring a large number of companies to the platform, then the number of users who want to join your pool will also increase, because of the 10% directed to the pool from every transaction, which results into a mutual benefit for all the members of your pool.

Marketplace

Another functionality of the platform is the marketplace where we want to simplifies buying products from around the world. Our mission is to provide great choice and the freedom to shop safely wherever you are, from wherever you want, through one global marketplace.

Through the Bittwatt escrow functionality, buyers and sellers are allowed to negotiate the prices for any item on our platform and the guarantee that they will receive the item.

Bittwatt escrow functionality

We carefully select each seller and consistently verify, review and monitor seller performance, to ensure a safe and secure experience for our customers.

Our dedicated customer service team offer an added layer of protection to guarantee your highest level of satisfaction and security with every purchase.

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Bittwatt

Blockchain platform and app for utility payments, virtual POS and markets.