BITENET WHITEPAPER
  • Bitenet: A global blockchain powered loyalty system for restaurant economy
  • Introduction
    • Broken Down Restaurant Economy
    • The Guest Ownership Problem
    • Customer Lifetime Value
  • White Paper Simplified
  • Bitenet Eat to Earn
  • Bitenet Ecosystem Overview
  • Bitenet Multiplier Effect
  • Tokenomics
  • Staking
  • Bitenet NFC
  • Zero-knowledge Proofs
  • On Chain Data as Digital Assets
  • Connecting with Food Banks
  • Universal Basic Income through Bitenet
  • Decentralized Identifiers (DIDs) and Ranking Systems on Bitenet
  • Bitenet Software
    • Customer App
    • Restaurant Portal
  • Bitenet Restaurant
  • Restaurant Customer
  • Promoter System
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Bitenet Multiplier Effect

PreviousBitenet Ecosystem OverviewNextTokenomics

Last updated 6 months ago

1. First Loop: Spend, Check-In, and Earn

Users start by spending at partner restaurants and checking in to earn rewards and tokens, creating an instant incentive to engage with Bitenet. This loop makes it easy for users to participate and see immediate benefits, building loyalty and encouraging frequent platform interaction.

2. Second Loop: Earn, Share, Create Big Data, Pay, and Use

As users earn and share their dining data, they contribute to a big data pool that powers personalized offers. In return, users receive additional rewards and tailored promotions, while Bitenet and partner restaurants gain insights that improve service and customer satisfaction.

3. Third Loop: Earn, Stake, Gain APY, and Spend

Through staking, users can grow their rewards passively with an Annual Percentage Yield (APY). This loop turns user earnings into an investment, allowing them to build value that they can reinvest in the platform, deepening engagement and enhancing long-term loyalty.

4. Fourth Loop: Create UBI and Provide Food for Humanity

Bitenet dedicates part of its resources to supporting Universal Basic Income (UBI) and food aid, transforming user activity into community impact. This loop reflects Bitenet’s commitment to social good, ensuring that user engagement benefits vulnerable populations and extends beyond financial gain.