NEW YORK, May 20, 2021 (GLOBE NEWSWIRE) — Recently, DragonBite announces an important strategic cooperation with BitMart. Some projects are not afraid of entering the crypto market during tumultuous times, seeing volatility as opportunities rather than threat and DragonBite is one of them. The DeFi app designed for customers to store and swap all their loyalty rewards points into crypto currencies showcased in Cointelegraph last month after raising USDT 2.7 million from a private investment sale in less than 48 hours, is pleased to announce a strategic collaboration with BitMart. Under a signed agreement, DragonBite committed to provide liquidity to the leading trading platform domiciled in Cayman Islands against technology development support and the opportunity to participate in pilot projects to drive DragonBite’s awareness within the digital assets space before its token gets listed on BitMart.
The loyalty point market across all sectors is estimated to be worth US$ 316 billion and, for DragonBite, represents an unprecedented opportunity to introduce loyalty point customers to the crypto currency world. By tapping into the loyalty point segment, DragonBite garnered immense attention: Both investors and industry partners show interest and want to be part of it.
DragonBite’s Dapp will allow users to convert reward points – including gift cards, vouchers, expiring points, miles, coupons and in-game assets – to BITE, DragonBite’s native token which will then allow users to buy cryptocurrencies or swap points