INVEST NOW at https://rateonium.com
PREFACE
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.
Goals in terms of Users
We have developed the Rateonium network based on the ideas and requirements of our users. In doing so, we were faced with the following requirements in particular:
1. Reviews with an absolute demand for authenticity
2. A user-friendly app for a network that can be used worldwide
3. Encryption and anonymity in the system
4. High daily rating motion
5. Everyday use
6. Currency exchange on trading platforms
1. Reviews with an absolute demand for authenticity
2. A user-friendly app for a network that can be used worldwide
3. Encryption and anonymity in the system
4. High daily rating motion
5. Everyday use
6. Currency exchange on trading platforms
Goals in terms of Companies
In order to create a long-term, economically sustainable system, the requirements of our partner companies were also taken into account during the development of the Rateonium network:
1. Review verifcation before publication:
2. Continuous, consistent customer acquisition
3. Participation via subscription system
4. Individual company presentation opportunities
5. Extensive options for analysing reviews
6. Insulation of the Rateonium cryptocurrency from market fluctuations
1. Review verifcation before publication:
2. Continuous, consistent customer acquisition
3. Participation via subscription system
4. Individual company presentation opportunities
5. Extensive options for analysing reviews
6. Insulation of the Rateonium cryptocurrency from market fluctuations
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 verifes the quality of the reviews before the tokens are activated in the app.
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 verifes the quality of the reviews before the tokens are activated in the app.
The system in Detail
In order to explain the functions, the sequence of a recurring process is described as follows:
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 fnd 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 verifed 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.
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 fnd 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 verifed 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 verifed. 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.
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 verifed. 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.
BenefIts for Token Sale participants
Each participant in the Token Sale is offered the following benefts:
1. Due to the exchange system described above, the owners of Ratec tokens have earlier access to the Rateonium system.
2. Each participant in the Token Sale can decide whether to trade the Ratec tokens they acquire on the major cryptocurrency markets or exchange them for Rateonium tokens and obtain rewards for them.
3. The Rateonium card is provided to every participant in the Token Sale free of charge. For any additional users, the card can be purchased for a onetime fee.
1. Due to the exchange system described above, the owners of Ratec tokens have earlier access to the Rateonium system.
2. Each participant in the Token Sale can decide whether to trade the Ratec tokens they acquire on the major cryptocurrency markets or exchange them for Rateonium tokens and obtain rewards for them.
3. The Rateonium card is provided to every participant in the Token Sale free of charge. For any additional users, the card can be purchased for a onetime fee.
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 specifc 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 fnancial resources.
Oftentimes, this is not absolutely necessary for the implementation of specifc 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 fnancial resources.
Weaknesses of rating platforms–Rateonium’s solution
As already mentioned, reviews have always played a crucial role in how people interact with one another and how economic systems work. The establishment of a potential company-client relationship is greatly influenced by the publication of experiences of previous customers. For thousands of years, the oral recounting of frst-hand experiences in relation to services provided by local businesses have dominated companies’ reputations.
As already mentioned, reviews have always played a crucial role in how people interact with one another and how economic systems work. The establishment of a potential company-client relationship is greatly influenced by the publication of experiences of previous customers. For thousands of years, the oral recounting of frst-hand experiences in relation to services provided by local businesses have dominated companies’ reputations.
Depending on the specifc industry and objectives, suitable ranking in visible rating hierarchies is of considerable importance for companies. How much consumer experiences currently influence markets and companies is made clear by looking at the following aspects. Media presentations of ratings and their widespread availability is causing classic competitive advantages such as local connections and local marketing to become obsolete.
As already mentioned, reviews have always played a crucial role in how people interact with one another and how economic systems work. The establishment of a potential company-client relationship is greatly influenced by the publication of experiences of previous customers. For thousands of years, the oral recounting of frst-hand experiences in relation to services provided by local businesses have dominated companies’ reputations.
Depending on the specifc industry and objectives, suitable ranking in visible rating hierarchies is of considerable importance for companies. How much consumer experiences currently influence markets and companies is made clear by looking at the following aspects. Media presentations of ratings and their widespread availability is causing classic competitive advantages such as local connections and local marketing to become obsolete.
85% of consumers trust online reviews
The extent to which reviews influence the purchase process is demonstrated in a 2017 study by BrightLocal. According to this representative study, 85% of consumers trust online reviews to the same extent that they trust personal recommendations. Even in local retail, 73% of consumers trust reviews that can be read online
The extent to which reviews influence the purchase process is demonstrated in a 2017 study by BrightLocal. According to this representative study, 85% of consumers trust online reviews to the same extent that they trust personal recommendations. Even in local retail, 73% of consumers trust reviews that can be read online
Consumers are often overcome by fear that tracing the identity of the reviewer can have subjective, negative consequences. In addition, there has been an increased number of scandals in which consumer data is stolen and misused as a result of security breaches
The extent to which reviews influence the purchase process is demonstrated in a 2017 study by BrightLocal. According to this representative study, 85% of consumers trust online reviews to the same extent that they trust personal recommendations. Even in local retail, 73% of consumers trust reviews that can be read online
Consumers are often overcome by fear that tracing the identity of the reviewer can have subjective, negative consequences. In addition, there has been an increased number of scandals in which consumer data is stolen and misused as a result of security breaches
Problems with blockchain
Fraud and criminality
According to a publication by Ernst & Young, 10% of the funds raised via initial coin offerings are stolen. For most investors, this represents a total loss. But Internet domains taken from the web, exchange rate manipulation, and false promises are key terms that are also associated with cryptocurrency.
The previously described identity protections offered by blockchain are used by criminal gangs to commit crimes such as fnancing terrorism, money laundering, black market trading, and much more. So far, there are no technical regulations, as that would contradict the way blockchain is meant to be understood. Governments may be trying, but it ultimately requires a time-intensive and sustained process.
The previously described identity protections offered by blockchain are used by criminal gangs to commit crimes such as fnancing terrorism, money laundering, black market trading, and much more. So far, there are no technical regulations, as that would contradict the way blockchain is meant to be understood. Governments may be trying, but it ultimately requires a time-intensive and sustained process.
Lack of real applicability
Blockchain has the potential to permanently and extensively change the current manner of fnancial transactions and encryption systems. Up to now, transactions have required entering personal information such as the customer’s full name, age, and place of residence. For blockchain-based transactions, only specifc unique keys need to be submitted. Consumers decide for themselves what information and how much of it they want to disclose. The individual thus becomes responsible for his/her own data
Difculties understanding technical components
Blockchain, smart contracts, GAS, and wallet address are key terms that blockchain users absolutely need to be aware of. Without the proper background, the odds of making transaction errors or losing tokens one has saved up can be quite high. Combined with a range of hard-to-understand topics, the basic technology behind blockchains prevents the general population from dealing with them in greater numbers.
Until now, all customers have needed to make payments anywhere in the world was a debit or credit card, while cryptocurrency transaction systems require the use of wallets and addresses
Until now, all customers have needed to make payments anywhere in the world was a debit or credit card, while cryptocurrency transaction systems require the use of wallets and addresses
The Rateonium application
Token launch summary
TOKEN DISTRIBUTION
THE ALLOCATION OF FUNDS
So join now and invest at https://rateonium.com
Source- https://rateonium.com/
MORE INFORMATION :
BTT ANN THREAD : https://bitcointalk.org/index.php?topic=4796158Website : https://rateonium.comWhitepaper : https://rateonium.com/whitepaper.pdfTwitter : https://twitter.com/rateoniumFacebook :Telegram : https://t.me/rateonium_communityReddit : https://www.reddit.com/r/Rateonium/Bounty Bitcointalk : https://bitcointalk.org/index.php?topic=4837462
Authorized By:
My Bitcointalk account : jagadlangit
My Bitcointalk account link : https://bitcointalk.org/index.php?action=profile;u=1109252;sa=summary
My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
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