🛣️Product Roadmap

The InRewards Network is being developed as the next essential component of the GIFTD rewards and loyalty system. We currently have the tested solutions - widgets that merchants can install on the top of their websites and social networks, which give rewards in the form of points or discounts to the users. A part of the solution is the customer’s dashboard or wallet with points, where they see the points they have earned or redeemed and other features. Product development consists of 10 stages. The total costs of stages 1-8 will come to US$2 million. Depending on the amount that will be raised during the ICO, these stages’ timeline can be accelerated.

The execution of stages 9-10 will cost US$1 million. All the costs include operations and sales and marketing activities. Unlike many other blockchain startups, we anticpate that only 27% of the total costs will be spent on product development, because a lot of essential components of the system have already been developed and tested. Depending on the ICO results and adoption of the product of the previous stages, we can embark on stages 9-10 earlier than planned. The funds that we raise beyond the soft cap will be invested in sales marketing activities, which will help us sign up more merchants more quickly, creating a stronger network effect and delivering the product features faster. Additional funds will also be used for opening of new geographical markets faster and delivering new features of the product, which were not mentioned in the pipeline below.

This product roadmap may not be final and is subject to adjustments depending on the feedback we receive from early InRewards adopters.