Rateonium - Currency exchange on trading platforms
Currency
exchange on trading platforms
It goes against the
Rateonium ideology to see blockchain-based applications become objects of
speculation. However, because the incentive to participate is so prevalent, it
also provides an opportunity to trade. This is one of Rateonium’s unique
characteristics. Due to the exchange process that turns generated Rateonium
tokens into tradable Ratec tokens, users can go to financial trade centres and
exchange tokens generated by reviews for other currency.
Reviews
with an absolute demand for authenticity
This basic requirement is
fulfilled by the RTO two-way verification of every review. On the basis of
significant reviews, mutual trust is therefore ensured between the company and
the customers.
A
user-friendly app for a network that can be used worldwide
The easy-to-use design of
the app and underlying algorithm enable users to create reviews with
significant content more easily than ever before. This is explained further
down in the fifth chapter.
Global partner companies
and multiple language options enable worldwide use and promote the diversity of
the Rateonium community.
Added
value for companies generated by verified reviews
The immense advantage for
companies of generating a variety of verified customer reviews is readily
apparent. It goes along with aspects of internal quality management. By
implementing an innovative experience management system with more reviews, one
can ensure an excellent advantage over competing companies.
The company’s presence in
the Rateonium system with the integrated listing of customer reviews offers the
opportunity to approach new customers, by specific target groups, as a “trusted
company”. The opportunity to offer users rewards they want also increases the
effectiveness of this client acquisition method.
For customers, the
positive experience of receiving free rewards increases the probability that
they will form an emotion-based, long-term relationship with the company.
Rateonium is thus able to change customer relations in the long run, setting
new global standards.Rateonium is a platform that is leading the way in
communication between customers and companies. In order to prevent a lack of
practicality caused by fluctuating exchange rates, the Rateonium token network
has the two different tokens, which have already touched upon.
These two tokens are the
Rateonium token and the Ratec token. The latter will be sold during the Token
Sale events and can be traded on major trading platforms. The Rateonium token
can only be used to redeem rewards and cannot be traded.
The interface between the
two tokens is a specially developed exchange system that enables users to
exchange them in a user-friendly manner. However, the exchange system ensures
that the Rateonium system currency cannot be exposed to any exchange rate
fluctuations. This interface enables a never seen before security. This ensures
that the Rateonium currency is insulated from centres of speculative trade and
the resulting fluctuation in cryptocurrency exchange rates.
The
company as a Rateonium client
Companies take part in
this system by subscribing. The actual subscription fee includes the rental of
the card reading device, comprehensive inclusion in the Rateonium platform, and
technical and strategic support. The price for this monthly subscription is
primarily based on the number of participating branches.
For the admission fee,
parameters such as revenue and the number of customers each month are also
logged. From the second month, the subscription fee is correlated directly with
the company’s number of associated users, reviewers, and reward redemptions.
This is the only way to ensure that large corporations do not completely
dominate smaller businesses due to the number of reviews.
Likewise, the Rateonium
network has no company upgrade option, nor are sponsored advertisements offered
in the form of pay-per-click models. This results in a fair market situation
for all participating companies, yet still enables companies to obtain
excellent economic prospects via the Rateonium company subscription system.
Another significant
requirement users have when dealing with cryptocurrencies is the possibility of
trading the specific currency on common trading platforms. The future price
development during the sustained development of Rateonium is intended to
guarantee traders profits. We do not wish to hold our Token Sale participants
back from the option to trade on leading international trading platforms.
However, a functioning and suitable currency system needs to be based on a
certain degree of insulation from price fluctuations. Particularly with regard
to the extreme fluctuations in the prices of cryptocurrencies, this kind of
insulation is a vital measure.
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