|
| Friday, 20 August 2021, 23:00 HKT/SGT | |
| |  | |
Source: DragonBite | |
|
|
|
HONG KONG, Aug 20, 2021 - (ACN Newswire) - DragonBite, a company developing rewards point technology for the blockchain, is thrilled to announce the launch of its web app, a platform designed for people to buy vouchers from renowned brands including Amazon, Adidas and Starbucks while distributing crypto currencies as rewards to its top purchasers.
The start-up which recently completed its IDO on Uniswap is on its way to release a Dapp in Q4 allowing users to convert their rewards points into cryptocurrencies via a utility token called BITE.
DragonBite's webapp is an intermediary step that aims to attract non native crypto shoppers to experience digital assets. With a user-friendly interface, this webapp connects users to their google accounts and lets them purchase vouchers by credit card. The highest buyers will receive $BITE as rewards from 10% of profits made by the sales.
BITE is DragonBite's native token, an ERC-20 token and can be stored in several wallets including Metamask. The token can be traded against USDT and ETH, bought and sold on Uniswap or BitMart. Its price depends on the demand and supply so the remaining profit from the voucher sales will be transferred in a vault and used to buy back $BITE from crypto holders or burn them, a common practice for project owners who tend to avoid using market makers and want to maintain the sustainability of their token over time.
"By rewarding our top vouchers purchasers in BITE, we believe DragonBite has the potential to make its token appealing to an audience of non-crypto users and therefore, enhance its utility which over time, should boost demand and value," says Mickael Costache, CEO of DragonBite.
DragonBite's webapp which is live today, can be accessed at https://webapp.dragonbite.io/ and is a pilot program for the Hong Kong market. It will act as a functional test before global launch of the system on the blockchain.
The firm aims to extend the sales of vouchers to the rest of APAC in the coming weeks, followed by India, the Middle East, the United States and Europe. Each region will launch with vouchers localized to support pertinent merchant networks.
As a prelude to the Dapp, DragonBite is confident its web app will allow more consumers to become comfortable interacting with crypto. "People purchasing vouchers are often subscribing to loyalty programs so we think this strategy will bring more people to the blockchain over time and encourage them to start experiencing the benefits crypto offers before we launch our Dapp, says Elvan Yau, COO of DragonBite.
The DragonBite team will release a series of tutorials in the days to come to guide the web app users and show them how to claim their tokens, open a crypto wallet and get setup on the blockchain.
About DragonBite
DragonBite is a decentralized ecosystem that puts the power of the cryptocurrency market into the hands of its users. DragonBite offers various products and services, catering to almost every aspect of the cryptocurrency economy, including a digital wallet, a cryptocurrency exchange, loyalty redemption points, discounts/purchases with crypto, and more. Using the DragonBite application, users gain access to every feature they could need within the cryptocurrency market.
Social links
Twitter: https://twitter.com/DragonBiteDB
Telegram: https://t.me/DragonBite
LinkedIn: https://www.linkedin.com/company/dragonbite/
Media Contact
Company: DragonBite
Contact: Mickael Costache
Email: info@dragonbite.asia
Website: https://www.dragonbite.asia
SOURCE: DragonBite
Topic: Press release summary
Source: DragonBite
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
playX Receives the 'Enterprise Award' at the Asia Golden Star Awards in Tokyo 
Nov 22, 2025 14:00 HKT/SGT
|
|
|
DOCOMO Wins Gold Medal in Kaggle, the World's Largest AI Data Science Competition
Friday, November 21, 2025 11:39:00 PM
|
|
|
Fujitsu launches integrated package of core system support services for food distribution industry
Friday, November 21, 2025 11:04:00 PM
|
|
|
PLN Reaffirms Commitment to Advancing a Just Energy Transition at COP30
Nov 21, 2025 16:00 HKT/SGT
|
|
|
Kyrgyz Republic Launches First Issuance of Gold-Backed Stablecoin USDKG
Nov 21, 2025 13:00 HKT/SGT
|
|
|
OMP Miami Conference 2025: Transforming Supply Chain Vision into REAL Impact with Human-AI Synergy
Nov 20, 2025 23:00 HKT/SGT
|
|
|
Doubleview Gold Corp. Highlights Scandium Potential at Hat Project, a Key Enabler for the Electrification Economy
Nov 20, 2025 22:09 HKT/SGT
|
|
|
U.S. Polo Assn. Receives Multiple Global Honors Recognizing Excellence in Brand, Content, and Digital Growth
Nov 20, 2025 20:00 HKT/SGT
|
|
|
BIP Asia Forum and Entrepreneur Day set for December
Nov 20, 2025 18:29 HKT/SGT
|
|
|
WASH debuts on MAI, targeting 160 new branches for 2026-2027
Nov 20, 2025 17:00 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
 |
|
