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
Accepting ETH
Minimum investment 0.2 ETH
Soft cap 32,000 ETH
Hard cap 84,234 ETH
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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