ABOUT BITE TOKENS

The BITE token is an important feature on the platform and is available as means of payment for the platform, while also maintaining its properties as a utility and reward token. Due to the exclusion of payment provider fees, to provide an direct discount to the customer, the token will be one of the available means of payment available for the platform. Well-known FIAT payment options, like iDeal, Credit Card & PayPal are still supported from on user onboarding and convenience perspective – along with other cryptocurrency payment integrations to provide convenient onboarding options for all type of paying users.

BITEZ Network and its BITEZ decentralized ecosystem is set on providing a transparent and convenient gateway to food services for the modern-day consumer. Like a tribe, the ecosystem’s users will be able to rely on experiences by like-minded peers to base their decision making on. Hence the community is dubbed as the BITEZ Tribe.

TOKEN USE CASES

 

FAQ - Tribemember

What is BITEZ and what is it for?

BITEZ Network and its BITEZ decentralized ecosystem is set on providing a transparent and convenient gateway to food services for the modern-day consumer. Like a tribe, the ecosystem’s users will be able to rely on experiences by like-minded peers to base their decision making on. Hence the community is dubbed as the BITEZ Tribe.

Why should I choose BITEZ over other intermediaries?

BITEZ is much more focussed on delivering you custom tailored meals. Our app learns about your preferences and can therefore give you options you otherwise might miss or be unfamiliar about. Also BITEZ allows users to earn BITE tokens which can be used for multiple purposes. Also we believe that the current market situation is unsustainable for both producers and outlets, we’re here to change that.

When can I use the BITEZ platform?

The beta platform will go live around september 2019.

Why is there no delivery service yet?

We are currently focussing on takeaway orders, unless the restaurant itself provides delivery. When we’ve gained enough customers in this segment. We’ll move towards providing delivery services through the platform.

What are BITE tokens and what can I do with them?

They are the utility that allows our platform to be unique and function unlike any other platform. It can be used for voting, governance, loyalty and payment.

How can I earn BITE tokens?

They can be earned by ordering meals or products, writing community valued reviews, creating community valued content for the FoodFeed and sharing data to optimise our protocols and algorithms.

FAQ - Fireside

Why would I use BITEZ over other intermediates?

We aim to restore the skewed power dynamic that currently dominate the food ordering and takeaway industry. We do this by offering:

Disintermediation
Increased trust and transparency
Lower Commission fees
Direct digital online interaction
Community rewards
Platform Pricing, Parity & Terms of Agreement

Why is there no delivery yet?

We are currently focussing on takeaway order, unless the restaurant itself provides delivery. When we’ve gained enough customers in this segment. We’ll move towards providing delivery ourselves.

Will commission always be 5%?

We’ve wrote it down in our contract. It will at least stay 5% for the upcoming 5 years. Furthermore we can’t single handedly increase the percentage, we’ll need a majority of votes for that thanks to our innovative governance system.

Do I need to buy hardware?

No, you can use any tablet or smartphone you have to start receiving orders.

FAQ - Hunt

When will the Hunt utility go live?

BITEZ Hunt will go live around the third quarter of 2020

What job is laid out for me as hunter?

As a hunter you can hop on your bike and start delivering meals. We allow anyone to sign up to the platform and start performing delivery tasks.

What can I earn with BITEZ?

Depending on your delivery speed and quality of service, the amount of BITE tokens you can earn is entirely up to you.

What tools will I need?

You’ll only need a bike and a good amount of stamina!