Ribbit.me: World’s First Blockchain-Based Rewards Program ‘A Tool’ to Mainstream Bitcoin

The world’s first rewards program built on the blockchain technology Ribbit.me announces the beginning of its RibbitRewards airdrop campaigns, consisting of 200 million RibbitRewards given away to registrants and 200 million RibbitRewards up for pre-sale.
“Giving back to the community is very important to the Ribbit.me team,” Ribbit.me CEO Sean Dennis said in aninterview. “That is why 5% of all RibbitRewards created will go to charity. We also have partnered with Melotic and Global Outreach to allow charities around the world to accept donations in RibbitRewards.”
Aiming to enable positive social change through the adoption of the blockchain technology, RibbitRewards is a patent pending blockchain based customer reward program designed to incentivize economic activity by rewarding both buyers and sellers with a unit of value distributed from the blockchain’s decentralized ledger.
In an email communication with CoinTelegraph, co-founder Gregory Simon stated:
“I left my career in investment banking to find solutions to the current financial system. Solutions that help empower individuals. Bitcoin and blockchain technology is a potential solution. We built RibbitRewards as a tool to help Bitcoin to get blockchain technology into the hands of the world’s mainstream.”
When a transaction occurs on a marketplace or on a merchant’s website that has the Ribbit.me plugin, the data is automatically fed into the RibbitRewards blockchain. A certain number of RibbitRewards are produced per block period, and dependent on the size of our transaction relative to other transactions during that period, participants receive a proportionate amount of the RibbitRewards.