Q1. What is the difference between BIRC interactive mining and other social interaction coins (such as Mithril)?
1. Most other Social Interaction Coins are only for its Eco-system (i.e Mithril only to LiT), but BIRC is open to all online & offline shops.
2. In a lot of other instances, only platform celebrities can earn reward, but at BIRC all customers and shops which participated in the interaction can earn BIRC, this promotes a more healthy participation.
3. Most other coins are based off of their brand new App, but BIRC is already working with APP that has real users and supported by more than 1,500 shops in alliance, with continuous expansion plans.
4. Most other platforms are only building up their eco-system restricted within their own APP, but with BIRC, we are building up an open-source infrastructure with open APIs for connections from other 3rd parties & applications.
Q2. Will the price of BIRC raise?
There are two reasons for changes in coin value:
1. Fund managing mechanism: Now BIRC is collaborating with well-known team domestically for crypto fund management.
2. Application of token. The application scenario of BIRC is essentially a reward system that can connect to anything. There are so many similar systems in the world, but BIRC combines, integrates and expands reward system with cryptocurrency and PoI interactive reward. Offline shops which need reward system are BIRC's initial target clients. This reward layer constitutes a rare offline to online (O2O) financial and rewarding eco-system in the market.
Q3. How about the future of BIRC?
The price of BIRC has a positive correlation with the number of shops and customers using the system. The price of BIRC will rise if more people use BIRC and the demand is strong. In order to increase the number of our partners offline shops, BIRC needs huge resources in order to promote, hence we are actively signing additional partners in order to reach our goal faster. Our expected goal in 2020 is that we will collaborate with more than 100,000 offline shops in the regions of Taiwan, SEA, European and American market. With the number of shops increased, expected market value of BIRC will be raised progressively and naturally be listed in the rank of Top 100 cryptocurrencies.
Q4. When will BIRC be listed in exchanges?
BIRC is expected to be listed on a Top 100 decentralized exchange in November 2018.
Q5. Is the company good?
You are welcomed for visiting our HQ in Neihu District, Taipei City. Here you can see our managing team, financial team, R&D team, business team, design team and marketing team. We welcome any potential investors of BIRC to visit our physical office! Feel free to call the number below to make an appointment for visit.
3F., No.51, Ln. 258, Rueiguang Rd., Neihu Dist., Taipei City 114, Taiwan
Q6. Why we need BIRC?
1. There is no substantial reward for commenting, rating or photo uploading in Google Map. BIRC can enhance willing to interact.
2. To replace points or gifts which are valueless. In this way guests can earn cryptocurrency with substantial value.
Q7. What can BIRC do?
1. The rewards of interactions between guests and shops.
2. Shops can deliver BIRCs from exchanges or RE APP to guests as rewards, just like bonus points. But people who earn BIRC can exchange BIRC to BTC or ETH in exchanges.
Q8. Why don't you use BTC or ETH as reward?
1. The payment fees of BTC or ETH are too much. It is possible that fee is more than real value of coin.
2. Ethereum subchain will be built in the RE APP in the future. Guests and shops can transfer BIRC with each other as they wish. The speed of transferring will be 100 times faster than Bitcoin net.
3. People who use RE APP for BIRC transferring can enjoy fee of only 0.1%. It's super!
No.2 & no. 3 can solve the problem of no. 1.
Q9. Compared with other ICOs in Taiwan, what pros does BIRC have?
1. We have a strong team and proper corporate structure, not a loose organization structure like foundation.
2. Our product is already live and are used by more than 120,000 users.
3. BIRC is not only eyeing the market in Taiwan, we will aslo be promoting our ICO in Top 5 rating platforms in the world.
4. In order to receive investment from all over the world, we will provide our website and whitepaper in multiple languages.
Q10. How to use fund?
Please check the roadmap in the whitpaper for reference.
Q11. Is there any application of RE APP? How about its future?
Now there are already more than 1,500 off line shops in the RE alliance. In 2020 we will connect 100,000 shops which join RE alliance now and in the future locally and overseas. We will also open our API to third parties for infinite innovation. With "physical interactive action mining" which is the key technology of BIRC, an unprecedented O2O ecosystem, from online to offline and vice versa, will be created.
Q12. How do you collaborate with offline shops up to 100,000?
RE alliance covers all civilian products of food, clothing, living, transportation, education and entertainment. The numbers of our offline users and alliance shops are raised fast with word-of-mouth and social media marketing. RE will enter markets of 5 countries in 2 years.
RE official team will develop business in Taiwan and Hong Kong. TW team will build local branches with local teams in other regions. RE team will provide technical support. Local teams which know local markets will be responsible for marketing. In this way RE APP will grow soon.
Q13. Will BIRC combine with RE reward cash?
Yes, this is already in roadmap. In the future, RE APP will support exchange between BIRC and RE reward cash. You can exchange BIRC to RE reward cash and use it in the shops of RE alliance right away.
Q14. Will BIRC be credited right away after interaction? How about the time of verification?
Yes. BIRC will be credited according the procedure below after interaction:
1. In order to ensure reliability of interaction, GPS will be used for confirming guest and shop are in the same geographical location.
2. Only one interactive reward of the same definition will be allowed in 24 hours.
3. In order to accelerate speed of exchange, permissioned blockchain will be built in RE APP. The problem of slow exchange like BTC or ETH will not occur.
Q15. Can the comment be corrected? Will reward be changed if the comment is changed?
Comment can be corrected, just like Google. But BIRC will be delivered only after the first interaction. In order to reinforce the quality of shops, the goal of this design is focused on the products and service quality of shops.
Q16. Will there be any ceiling for BIRC transfers to RE reward cash?
Now there is no related regulation in Taiwan, so there is no ceiling. But in some countries real name verification will be needed for people who keeps crypto more than designate amount. BIRC will be adjusted according local regulations and laws. All owners of BIRC and RE reward cash can use them freely and legally.
Q17. Will it be possible to earn complete one BIRC after interaction?
One coin of BIRC will be the unit of delivery in early stage. After early stage BIRC from interactive mining will be decreased progressively according PoI formula, just like BTC and ETH. The earlier you join interactive mining, the more BIRC you will earn.
Q18. In which countries will you develop RE's business?
Please check the roadmap in the whitepaper for reference.
Q19. What is the relation between BIRC and RE?
BIRC and RE complement each other. For example, in Taiwan RE first and the then BIRC, but in other places interactive rewards and APIs can go first.
Q20. Why don't we just name it "RE Coin"?
Reward cash is only for RE APP, but BIRC suits for the various walks of life. In the future planning we will make BIRC as an application coin that will replace current reward system; on the other hand, the name of RE - Red Envelope - is not so popular in markets of western countries, so we create a brand new CIS "Business Interactive Reward Coin(BIRC)."
Q21. When will various interactions rewards be online?
Please check the roadmap in the whitepaper for reference.