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FAQ’s

What is Bitovation Rewards?

Great question! Bitovation is a rewards website and browser extension that lets users earn Ovato Digital Currency when they shop from our curated partner retailers. We form partnerships with top merchants and get referral fees from every sale. Instead of keeping all this money for ourselves, we share the money with you, sending you free Ovato Digital Currency with every purchase you make. What you do with your Ovato is up to you. You can elect to sell it, hold it, or spend it as you like.

How does Bitovation work?

It’s incredibly simple! Just register for your free account. Then, you will download the Bitovation Browser Extension. Visit one of our partner stores through our website or shop like you normally do online and our browser extension will do its job in the background. Bitovation alerts you to activate your savings and Ovato rewards when you visit an online store that we support. Once Bitovation has been activated, just shop and pay as you normally would. Bitovation will track your purchase and send Ovato Digital Cash within 5 business days.

What is Ovato Digital Cash?

Ovato is a digitally currency -- no need for physical bills or coins, high transaction costs, and international barriers. Ovato is decentralized, meaning there's no government, institution, or authority that controls it. Ovato lets you truly take control and own your money. Even better yet, Bitovation is continually adding new businesses to its ecosystem of retailers, offering the best of special offers and discounts, plus expanding rewards in Ovato.

What is the difference “OVT” and “OVO"?

OVT and OVO are both the designated currency code for Ovato. Similar to how USD stands for US Dollars. OVT stands for Ovato Virtual Token and OVO is the coin itself. OVO is what you will see on the blockchain and exchanges. OVT and OVO convert on a 1-to-1 ratio. Users are given rewards in the OVT and can elect to convert to Ovato coins at any time.

How do I use Ovato?

There are 3 main uses for Ovato:

Firstly, hold them. If you believe that Ovato is poised for greater demand and price appreciation, hold them and possibly convert later.

Secondly, trade them. Convert your OVT to OVO and trade them on the exchanges. If desired, you can trade OVO for fiat and other digital currencies. Ovato coin is already on Lukki and will be listed on additional exchanges in the near future.

Thirdly, spend them. We are adding retailers to accept Ovato. These retailers will be offering special offer discounts and incentives to those who use the Ovato coin.

Is Ovato secure?

Yes. Ovato uses state of the art software and network security to ensure your balance is always safe. As long as you keep your Ovato token (OVT), we have you covered. Plus, as an extra security OVT is centralized in our control.

Once you convert your OVT to OVO and move your Ovato to your Ovato Wallet, your Ovato will be under the security of the blockchain. This means that it’s imperative that you don’t lose your Ovato Wallet login, as this information is not stored by us.

How is Ovato’s "cashback" rate determined?

The cashback rate (%) of Ovato is set by our participating retailers. We work closely with our top retailers to get the highest reasonable rate that we can for the Bitovation family.

How do I add a store to Bitovation?

We're adding new retail partners to the Bitovation and Ovato family every day! If you have a recommendation or want to add your store to us, send us a note and we'll do our best to make it happen.

How long does it take before I can withdraw?

While we encourage you to save your Ovato (HODL!), you can transfer your earnings to any Ovato address at any time.

I bought something, but my Ovato balance hasn’t updated.

Ovato will send you an email with estimated rewards within a few days after your initial purchase. This takes a little bit of time due to the fact that all purchases have to be verified with our retail partners. If you feel too much time has passed without a balance update, contact us.

Why is my Ovato Wallet fluctuating?

When you make a purchase from a participating retailer, Bitovation adds an estimated OVT reward to your Bitovation account. The Ovato value fluctuates as the price of Ovato is determined by the secondary markets and exchanges. The Ovato pricing for rewards is determined by the price at the time of your transaction.

Can Bitovation rewards be used in conjunction with other saving tools?

No. Using other browser extensions, coupon sites, savings applications, or cashback programs in conjunction with Bitovation’s will make your purchase ineligible for an OVT reward.

How can I earn more Ovato?

  1. Start your shopping experience on Bitovation’s website or browser extension to find retailers that are offering the best OVT offers for products you already want to buy.
  2. Join the affiliate program. Invite as many friends as possible, using our referral system, and encourage them to invite their friends too. The more people that join from your network, the more Ovato you can earn! Plus, as an extra incentive we also offer rewards on how much they shop.
  3. Another great way to increase your earnings is to make sure you are shopping from our featured retailers and local retailers that are currently offering specials.

How do I contact support if I have a problem

If you have an issue that is not answered here, please email us at support@bitovation.com

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