Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 20 August 2021, 23:00 HKT/SGT

Source: DragonBite
Dragonbite to Launch a Webapp for People to Earn Crypto When Purchasing Vouchers

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 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

Media Contact
Company: DragonBite
Contact: Mickael Costache

SOURCE: DragonBite

Topic: Press release summary
Source: DragonBite
From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Press Releases
Creative China Co-distributes Six Foreign Imported Films  
Oct 20, 2021 19:35 HKT/SGT
AAC Technologies' Investment in SWIR Vision Systems Inc.  
Oct 20, 2021 19:15 HKT/SGT
VPower Group Signs Strategic Cooperation Agreement with Fuyao Group   
Oct 20, 2021 18:59 HKT/SGT
BNP Morningstar Initiates Coverage of CCMGT (9982.HK) with "BUY" rating  
Oct 20, 2021 16:01 HKT/SGT
Moonstake to Host Joint Webinar with Partner TRON Foundation on 1 Nov 2021  
Oct 20, 2021 15:00 HKT/SGT
Mitsubishi Shipbuilding Successfully Separates and Captures CO2 from Exhaust Gas in World's First Marine-based CO2 Capture System Project  
Oct 20, 2021 14:55 HKT/SGT
All-New Outlander PHEV Model Wins the Good Design Award 2021 in Japan  
Oct 20, 2021 14:36 HKT/SGT
Zeronauts Assessment Platform Goes Live in Q4 2021  
Oct 20, 2021 12:00 HKT/SGT
Freedom Business Summit 2021 Online Will Bring Together 2000+ Worldwide Freedom Business Entrepreneurs  
Oct 20, 2021 10:07 HKT/SGT
Launch of world-first expert resource to foster best practice osteoporosis care in the Asia Pacific  
Oct 20, 2021 06:00 HKT/SGT
More Press release >>
More >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: