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Rateonium Review

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.

Reviews with an absolute demand for authenticity
This basic requirement is fulfilled by the RTO two-way verification of every review. On the basis of significant reviews, mutual trust is therefore ensured between the company and the customers.

A user-friendly app for a network that can be used worldwide
The easy-to-use design of the app and underlying algorithm enable users to create reviews with significant content more easily than ever before. This is explained further down in the fifth chapter.
Global partner companies and multiple language options enable worldwide use and promote the diversity of the Rateonium community.

Encryption and anonymity in the system
In terms of the protection of personal data, these are the most important components. Measures taken in access control, entry control, and controlled data exchange help to establish a state-of-the-art security standard.


ICO TIMELINE
                                            Website : https://rateonium.com/
High daily rating motion
Due to this being the first directly incentive-based rating system, “daily rating motion” (explained later) is greatly increased.
Everyday use: The wide range of already-verified cooperation partners and the scaled inclusion of additional companies in the system guarantees that Rateonium can offer a large number of different rewards within an extremely short space of time. Each user will find individually tailored awards in the Rateonium system all over the world. In addition, the user can see other customer reviews at the respective location or in accordance with search criteria.

Currency exchange on trading platforms
It goes against the Rateonium ideology to see blockchain-based applications become objects of speculation. However, because the incentive to participate is so prevalent, it also provides an opportunity to trade. This is one of Rateonium’s unique characteristics. Due to the exchange process that turns generated Rateonium tokens into tradable Ratec tokens, users can go to financial trade centres and exchange tokens generated by reviews for other currency.


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