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.
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.
Rateonium
ICO
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
Rateonium’s
core Business
As technology experts and
blockchain idealists, we view many relevant developments in the world of
cryptocurrency with scepticism. One of these developments is that many
companies only integrate a cryptocurrency in their existing business
environment in order to generate fresh capital via an initial coin offering.
Oftentimes, this is not
absolutely necessary for the implementation of specific business ideas.
Rateonium, by contrast, is a directly blockchain-based system consisting of a
rewards-for-ratings concept. Therefore, it is important for us to consider the
Rateonium tokens to be a core part of our business.
Our objective is to
revolutionise recommendation marketing on a global scale in a way that is
sustainable, fair, transparent, and anonymous. However, an essential component
of the way we understand ourselves is the fact that Rateonium only works with
the interaction of users. The system cannot be altered or abused using
financial resources.
Even large corporations,
who could otherwise weaken their competition by purchasing large quantities of
Rateonium tokens, are completely deprived of this opportunity by the
subscription system. However, we understand the appeal of exchanging these
innovative currencies for other currencies, which is why we’ve made it possible
to exchange Rateonium for Ratec. This means that each participant in the system
has the opportunity to generate tradeable cryptocurrency by writing reviews. On
the basis of this unique combination, all users are able to use Rateonium the
way they prefer
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