Rateonium pays users in cryptocurrency (Rateonium tokens) when they submit a review about a company. These rewards can be redeemed by the user just by performing simple everyday tasks without any effort whatsoever. Companies can decide to partner with Rateonium network via subscription system. But they are required to pay the basic monthly fee. A lot of companies have already shown interest to partner with Rateonium. So Rateonium intends to use the subscription fees paid by these companies to develop long-term system plans for the companies and generate an internal profit.
Online shops are also welcome to the contracting partners in the Rateonium network. But their subscription fee would be based on their economic strength, which is checked by knowing the number and size of the regions they serve.
The Rateonium network helps to add value to companies who have generated verified reviews. It also gives these companies an internal quality management through the implementation of innovative experience management system. Making these companies have more reviews and having an excellent comparative advantage over their competitors. Companies can now approach new customers in the Rateonium system. Since the customers are paid in Rateonium tokens just for their reviews, there is a greater feeling than this. Receiving rewards for doing almost nothing. This will bring out an attachment to the company and long-term relationship with the company.
Exchange rate fluctuation is another thing that has besieged today’s market. To avoid this, Rateonium token network has two tokens. They are the Rateonium token and the Ratec token. Ratec token can only be sold during the token sale and can be traded on major platforms while Rateonium token can only be used to redeem rewards.it cannot be traded.
OFFLINE AND ONLINE GENERATION OF ''RATEONIUM SYSTEM TOKENS (RTO)''
Rateonium tokens can be exchanged in two ways by users. One of such ways is that users can see defined rewards as they make their purchase. They can have access to their wallets by entering a username and the App password. Also, users can confirm a selected reward by using the applications scanner to scan a company’s QR code.
Rateonium two-token system solves the problem of rectifying weaknesses that are currently inherent in today’s cryptocurrency market. The Rateonium token is an internal currency that can only be used to redeem rewards. It cannot be traded. Ratec token, on the other hand, can only be obtained during the token sale and before the token is listed in exchanges. since the Ratec tokens can be converted to Rateonium tokens through a swap system, the owners of Ratec tokens can be first to test the Rateonium system.
The early participants in the Rateonium system get to have an advantage over others because they will have access to special launch offers.
COHERENT PROBLEMS OF RATING PLATFORMS
Rating platforms are fraught with a lot of weaknesses, which is why Rateonium is here to provide solutions to them. Reviews play a vital role in how people interact with one another. New users often check the reviews of previous companies. A company with positive reviews by consumers can become a trusted company thereby increasing their consumer base and long-term consumer retention. Some consumers as a result of their lack of trust and in a bid to remain anonymous as a result of security, do not give their first-hand experiences. Other consumers are faced with the fear of their identity being traced through the collection of their data.
On the other hand, since the consumer is mostly the one in charge of quality control or because they are the end user of the goods and services, the states of a consumer in the market cannot be reckoned with. So, sometimes consumers can permanently damage a company’s reputation with unqualified and unwarranted reviews. Some companies, on the other hand, can falsify ratings.
RATEONIUM SOLUTION TO THE PROBLEMS
Rateonium platform offers both consumers and the partner companies an interactive rating platform with economic significance where both party can fully optimize and as well receive an intrinsic value for their monies and services.
To be a part of the Rateonium system, users must go through a verified registration process. Firstly, they will have to download the Rateonium App from the official homepage of the website of legitimate partners companies and also on Google playstore. The user’s information is now put through an on-time encryption process.
Rateonium also values a user, so in order to protect them, the RATE-SAFE encryption process is used. It is done by the user moving his/her finger around the screen for 10 seconds. The movement creates a member number. This number is unique to each registered user as neither the partner companies nor Rateonium has access to it. After these processes, users of Rateonium system now have full access to a wide range of functions and areas of application.
TOKEN SALE DETAIL
Token Name: RATEC
Token Symbol: RTC
Total RTC Distribution: 801.703.971 RTC
Token Pre Sale: 10.08.2018 - 25.08.2018
Tokens Available: 19.500.000 RTC
Price: 1 RTC= 0.000091 ETH
Token Sale: 25.08.2018 - 25.09.2018
Soft cap: 32.000 ETH
Hard cap: 84.234 ETH
ICO TOKEN PURCHASE SUMMARY
In conclusion, Rateonium project is the perfect solution to an accurate rating system. The project forecasted a revenue of 10 million, 17. 5 million and 30 million Euro by the year 2018, 2019 and 2020 respectively. This indicates the viability of the project and a sure ROI for investors. As the Rateonium team are professionally fit to deliver the vision with strict compliance to the project roadmap.
For more information on this project, visit the following links:
Website: https://rateonium.com
White Paper: https://rateonium.com/whitepaper.pdf
Twitter: https://twitter.com/rateonium
Reddit: https://www.reddit.com/r/Rateonium/
Authored By: https://bitcointalk.org/index.php?action=profile;u=1023247