Website : https://rateonium.com/
The
basic Principle
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.
The
System in Detail
The customer, Chris, is
on a business trip. In the evening, he plans to go to an upscale restaurant
with his colleagues. He opens the Rateonium app on his iPhone to find out which
restaurants will meet his expectations. The app offers Chris the best
restaurants within his desired radius, according to customer reviews. He
decides to go to a restaurant that is 500 metres away to dine with his
colleagues.
He and his friends are
very happy with the dishes they are served. After Chris payed the service and
verified this with his Rateonium card, he has the opportunity to document his
experience at the restaurant in the form of a review, which is anonymised and
made available to the worldwide Rateonium network.
The number of Rateonium
tokens is based on the purchase price of the respective product or service. So
for purchasing a product worth €5, Chris receives 50 Rateonium tokens.
In order to establish a
sense of proportion between expensive and less expensive products, and to
protect smaller companies from being discredited, there is an upper limit of
1000 RTO. Furthermore, rewards can only be redeemed once at the same business
within a set time frame.
The frequency of ratings
that can be submitted for the same company is also limited. This enables
Rateonium to guarantee that no users are able to redeem a disproportionately
large amount of rewards at one company and thus harm the business.
In order to protect the
identity of the user, the review is only uploaded some time after it is
submitted, according to a random algorithm. As a result, the company cannot see
which users have submitted which reviews, though tokens are distributed
immediately after the rating is verified. As this can take between one and
twelve hours, the underlying Blockchain transaction has no time limit. After
the rating goes through, the RTO tokens are automatically generated by the
Rateonium system and then automatically sent to be paid out.
Website : https://rateonium.com/
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
TEAM
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