Rateonium Cryptocurrency



The basic idea behind the Rateonium system is to create an internal cryptocurrency that registered users receive by submitting a review about a company. This currency is exchanged for rewards from participating companies. Thus, the user can redeem rewards just by doing everyday things at no additional cost or effort. The intrinsic motivation to submit reviews, the “daily rating motion”, is continually upheld by the incentive of quickly accessible rewards.

These rewards vary from company to company and can be customised. The quantity of the Rateonium tokens exchanged is based on the size of the reward. Rateonium verifies the quality of the reviews before the tokens are activated in the app.

Contracting partner companies are included in the Rateonium network via a subscription system.

The basic monthly fee is based on the number of branches integrated into the system and the revenue generated per branch. With the wide range of cooperation partners that have already been confirmed in addition to other interested parties, Rateonium can use the exact subscription fees to develop long-term system plans for the companies and generate an internal profit. 

For online shops, the subscription fee is based on an appraisal of the company’s economic strength, which varies according to the number and size of the regions served.

Individual company presentation opportunities
Rateonium’s operating principle allows companies a variety of custom options, and the flexible rewards system gives them the opportunity to set themselves apart from their competitors.

Extensive options for analysing reviews
The rating algorithm can be used to automatically analyse statistics from submitted reviews that are relevant for a given company.  In the course of presenting these statistics, Rateonium can also be used for quality assurance in addition to customer acquisition. Each customer who submits a review becomes a quality controller at the same time.

Insulation of the Rateonium cryptocurrency from market fluctuations
By integrating two stand-alone tokens, Rateonium enables the system currency to be insulated from price speculation and market fluctuations, while still allowing the user to trade with tokens generated by reviews.

System
Rateonium offers a complete rating system tailored to all customer groups, thus connecting customers to companies in a way never seen before. For this purpose, various requirements were explored during development and used to determine the content of the system. The accurate implementation of these requirements means that both companies and future users are offered a perfected rating system that will be able to meet any subsequent needs.

Token RTC
PreICO Price 1 RTC = 0.000091 ETH
Price 1 RTC = 0.000182 ETH
Bonus Available
Bounty Available
Platform Ethereum
Accepting ETH
Minimum investment 0.2 ETH
Soft cap 32,000 ETH
Hard cap 84,234 ETH
Country Macedonia
Whitelist/KYC KYC & Whitelist
Restricted areas China, South Korea, North Korea, USA, Iran, Sangapore

Offline and online generation of RTO
Two different processes are used to exchange RTO tokens: In the case of online purchases, Rateonium users are given the option of seeing defined rewards during their purchase.

In an extra window, they are given access to their wallets by entering a cryptic user name and the app password. They may also confirm the selected reward by using the app’s scanner function to scan a QR code. For purchases at a company’s branch location, a scanner installed on-site is used to provide double verification to activate the token transaction. The customer can scan his/her customer card on the company’s premises during the payment process. This directly activates the company’s reward for the customer and transfers the tokens for the selected reward from their account. Both methods of redeeming tokens end in the burning of the tokens after the distribution of the reward has been confirmed. This ensures that the total number of tokens in the system is always controlled by the number of active users.



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