RATEONIUM, A BLOCKCHAIN BASED INNOVATIVE AND DISRUPTIVE PLATFORM.
THE SYSTEM OF RATEONIUM.
Rateonium offers a complete system of rating that is tailored to every customer groups, tis way customers get connected to companies in a different way that has never been seen before.
In order to achieve this great purpose, different requirements were explored during the developmental process and also used to determine the content of the system.
THE GOALS OF RATEONIUM AS REQUESTED BY USERS.
The users of rateonium have made certain requirements, the development of rateonium is therefore in this basic order.
• The availability of reviews with the presence of an absolute demand for authenticity.
• The presence of a user-friendly application for a network that can be used all through the world.
• The availability of encryption and anonymity in the system.
• The presence of a high daily rating motion.
• Constant and everyday use of the system.
• To become a currency exchange on trading platforms.
THE GOALS OF RATEONIUM IN TERMS OF COMPANIES.
• Verification review before any publication is made.
• Customer acquisition with a continuous and consistent effort.
• Participation through the subscription system available.
• Company presentation opportunities by individuals.
• The method of extensive options for the review of analysis.
• The insulation of Rateonium cryptocurrency from the market fluctuations, this is through the integration of two stand-alone tokens.
THE BASIC PRINCIPLE OF RATEONIUM.
The basic principle of rateonium system is to confidently create an internal cryptocurrency that has registered users, users will be received by the submission of a review about the company.
The currency of rateonium is exchanged for rewards from companies that are participating in the project, this makes it easy and possible for users to be able to redeem rewards just by participating in everyday activities without paying any additional fee.
RATEONIUM SYSTEM DESCRIBED IN DETAIL.
The number of Rateonium tokens is dependent on the purchase price of that particular service or product.
The Rateonium system will have the option of allowing users to make use of the up and down rating system, the author will benefit through this means by receiving tokens whenever his or her review is classified as being helpful to others.
RTO tokens will be exchanged using two different process which is the online and offline generation method.
This will help ensure that the total number of tokens available in the system is controlled by the number of active users.
Companies serve as Rateonium clients by subscribing. The main subscription fee includes renting of the device for card reading, a detailed and comprehensive inclusion in Rateonium platform and the provision of technical and strategic support.
The Rateonium network does not have an option for company upgrade, it does not also have any offering of sponsored advertisement that is offered in the form of pay-per-click models.
The present weakness in the cryptocurrency market is rectified through the establishment of the Rateonium’s two-token system.
AVAILABLE BENEFITS FOR TOKEN SALE PARTICIPANTS.
As a result of the exchange system, the owners of Ratec tokens have access to the Rateonium system.
It is possible for every participant in the token sale to decide whether to trade the Ratec tokens they have acquired on major cryptocurrency exchanges or market, or they could also exchange them for Rateonium tokens, this will even help them obtain rewards.
There is a provision of Rateonium card for every of the token sale participant and this is done free of charge. Additional users can as well purchase it for a one-time fee.
THE CORE BUSINESS OF RATEONIUM.
By contrast, Rateonium happens to be a direct blockchain-based system which consists of rewards for ratings concept, this makes Rateonium token a core part of the platform’s business.
The objective of Rteonium is to be able to revolutionise recommendation marketing on a global scale, in a sustainable, fair, anonymous and transparent way.
THE PROBLEMS/ISSUES ASSOCIATED WITH THE PRESENT SYSTEM.
Review showed that 85% of customers rely on online reviews but it has been discovered that the online reviews are not really trustworthy as there is a prominent weakness of current rating portals in the global market, some of the problems are:
• B2C ISSUES WITH CONCERNS AND DRAWBACKS.
The presence of constant difficulty in everyday use.
The lack of anonymity which results into disadvantages for customers.
Personal passed on data.
Lack of adequate rating reward.
False rating that manipulates future prospective customers.
• B2B ISSUES WITH CONCERNS AND DRAWBACKS.
This occurs as a result of absence of incentives.
Lack of adequate opportunity to obtain conclusions from reviews.
Absence of individual motivation that will provide ratings and prevent more customer loyalty.
There is a high level of insufficiency for verification of ratings.
These issues makes the system a difficult one to operate.
SOLUTIONS PROVIDED BY RATEONIUM.
• Rateonium describes applicability: The users of Rateonium should be aware that multiple measures are taken to protect the anonymity of users.
• Rateonium describes security: Rateonium has a mission to provide an interactive network that even while it makes available a lot of advantages for companies, it still meets the need of users, value the role they play and also protect them adequately.
• Rateonium describes trust: Rateonium users will receive appropriate tokens as regards their number of reviews. Rateonium believes that customer relationships means profitability for every market participant.
• Rateonium describes being worthwhile: Rateonium makes use of the latest and most innovative technology to offer its users a different and unique level of authenticity of verified user ratings.
• Rateonium describes authenticity: Rateonium makes a new network available, that makes it possible for every customer to want to leave reviews, and companies as well are excited to receive authentic ratings.
• Rateonium describes community: Rateonium permits a different and unique conclusions to be established about the processes of internal business by making use of the tools available to the company during the period of accessing the application.
• Rateonium describes competence: It is only products of very good quality as decided by the user will be recommended to other customers.
• Rateonium describes customer loyalty.
• Rateonium describes equality.
EXISTING BLOCKCHAIN PROBLEMS.
Blockchain is a system which has a lot of cryptocurrency ideas established on it, the blockchain offers special advantages when it comes to handling of IT security and transparency.
However, different problems are now associated with cryptocurrency.
• There is also an increased level of fraud and criminal activities on the blockchain.
• There is an absence of real applicability.
• There is difficulty in understanding technical components.
ANALYSING THE RATEONIUM APPLICATION.
The Rateonium application is free to download for every user all around the globe.
The application can be downloaded through the homepage on the websites of the legitimate partner companies as well as Google Play, and Apple store.
Users must undergo a one-time verification which will be based on their complete name and their detailed address.
Rateonium application has individual statistics for every user which will consist of the reviews and feedbacks gotten, the usage trend and also the number of Rateonium points.
The Rateonium application has a company front end. After a successful registration process, companies will receive individual access which includes username and password.
The Rateoniu application has a process sequence which comprises of the companies offline service, online service.
THE SUMMARY OF TOKEN LAUNCH.
The pre-sale of token will be from 10-08-2018 to 25-08-2918.
The token sale will be from 25-08-2018 to 25-09-2018.
The softcap is estimated to hit 32.000 ETH.
The hardcap is estimated to hit 84.234 ETH.
The total RTC distribution will be 801.703.971 RTC.
THE DISTRIBUTION OF TOKENS.
Token sale event will have 83%.
Strategic partners will have 7%.
The team will have 10%.
THE USE OF BUDGET.
Technical development such as the scanners, the production of Rateonium card will have 25%.
Application development optimisation will have 20%.
Data security server management will have 7%.
Global marketing will have 35%.
The team will have 5%.
Global partner acquisition will have 8%.
CONCLUSION.
Rateonium happens to be the most disruptive and innovative blockchain- based rating platform in the world.
The unique nature of Rateonium is dependent on the multiple encryption process it makes use of, it has a fundamental means of protecting personal information and using blockchain as a review system.
Points obtained, will make it possible for users of Rateonium to rate any service or product that exist.
The points made could be redeemed and traded on an exchange and it could also be used in making crypto-donations.
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Authored by: geeboy88
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