RATEONIUM GLOBAL BLOCKCHAIN BASED PRODUCT- AND SERVICE RATING PLATFORM
WHATS IS RATEONIUM ?
The Rateonium network was designed and developed over the last four years by consultants from numerous economic sectors. As a result, decades of expertise from the pharmaceutical, automotive, and commodities industries, among others, are incorporated into the event method of the system. In shut coordination with international players and totally different client teams from all the “Sinus-Milieus”, the wants and needs for the ultimate 2 Rateonium system elements are established and integrated into the system development. And by using blockchain technology, Rateonium has reached a major milestone in client protection. more info about Rateonium visit here https://rateonium.com/
RATEONIUM SYSTEM DETAIL
Diagram illustrates the overall system:
In order to clarify the functions, the sequence of a continual method is delineated as follows. The client, Chris, is on a business trip. within the evening, he plans to travel to a rich restaurant along with his colleagues. He opens the Rateonium app on his iPhone to seek out out that restaurants can meet his expectations. The app offers Chris the most effective restaurants at intervals his desired radius, according to client reviews. He decides to travel to a eating place that's five hundred metres away to dine along with his colleagues
He and his friends square measure terribly pleased with the dishes they're served. once Chris payed the service and verified this together with his Rateonium card, he has the chance to document his expertise at the eating place within the style of a review, that is anonymised and created available to the worldwide Rateonium network. The number of Rateonium tokens is predicated on the acquisition worth of the several product or service. thus for getting a product value €5, Chris receives fifty Rateonium tokens. In order to determine a way of proportion between costly and fewer costly products, and to guard smaller firms from being discredited, there's AN higher limit of a thousand RTO. moreover, rewards will solely be ransomed once at constant business inside a collection timeframe. The frequency of ratings that may be submitted for constant company is additionally restricted. This enables Rateonium to ensure that no users square measure able to redeem a disproportionately large amount of rewards at one company and so hurt the business
In order to guard the identity of the user, the review is barely uploaded it slow when it is submitted, in keeping with a random rule. As a result, the corporate cannot see which users have submitted that reviews, tho' tokens area unit distributed like a shot after the rating is verified. As this may take between one and twelve hours, the underlying Blockchain group action has no deadline. when the rating goes through, the RTO tokens are mechanically generated by the Rateonium system then mechanically sent to be paid out
Up & down rating determines connexion of submitted reviews
The Rateonium system conjointly has the choice of permitting alternative users to convey up or down ratings, permitting specific reviews to be marked as useful or inappropriate. The author advantages as a result of he/she receives tokens once his/ her review is classed as useful by alternative users. This ability to guage totally different reviews conjointly will increase their connexion with regard to companies’ internal quality management efforts. It permits them to pronto draw elaborate conclusions on that aspects square measure most vital to customers. so as to take care of knowledge privacy here in addition, no user knowledge
Displayed within the Rateonium platform. solely a cryptic “unique number”, generated for the users throughout registration, is saved within the associated account and is a indicator for the rating. In our example, Chris will notice the Rateonium tokens hold on within the case integrated in his app. He currently has the choice of redeeming them at any
participating company. He can, for instance, redeem the Rateonium tokens at an outsized cinema chain, getting an additional drink for a hard and fast RTO add. Our example with Chris could be a smart illustration of however personal the redeemable rewards are often. If Chris desires to use the generated tokens in another manner, he can, for example, book associate upgrade to succeeding best seat at his favorite soccer club’s next match. Or if he would really like to feature extra baggage or snacks on his next flight, he will do therefore with the Rateonium partner airline in exchange for a mere quantity of Rateonium tokens
Offline and on-line generation of RTO
Two completely different processes square measure wont to exchange RTO tokens In the case of on-line purchases, Rateonium users square measure given the choice of seeing outlined rewards throughout their purchase. In an additional window, they're given access to their wallets by getting into a cryptic user name and also the app positive identification. they'll conjointly make sure the chosen reward by victimization the app’s scanner operate to scan a QR code. For purchases at a company’s branch location, a scanner put in on-the-spot is employed to supply double verification to activate the token dealing. The client will scan his/her client card on the company’s premises throughout the payment process. This directly activates the company’s reward for the client and transfers the tokens for the chosen reward from their account. Both strategies of redeeming tokens finish within the burning of the tokens once the distribution of the reward has been confirmed. This ensures that the entire number of tokens within the system is usually controlled by variety the amount the quantity of active users.
The company as a Rateonium consumer
Companies participate during this system by subscribing. the particular subscription fee includes the rental of the cardboard reading device, comprehensive inclusion in the Rateonium platform, and technical and strategic support. the worth for this monthly subscription is based totally on the quantity of collaborating branches. For the fee, parameters like revenue and also the variety of customers monthly also are logged. From the second month, the subscription fee is related to directly with the company’s variety of associated users, reviewers, and reward redemptions. this is often the sole manner to ensure that giant firms don't fully dominate smaller businesses thanks to the quantity of reviews. Likewise, the Rateonium network has no company upgrade possibility, nor are sponsored advertisements offered within the variety of pay-per-click models. This results in a good market scenario for all collaborating firms, yet still enables firms to get glorious economic prospects via the Rateonium company subscription system
Another significant requirement users have when dealing with
cryptocurrencies is the possibility of trading the specific currency on common
trading platforms. The future price development during the sustained
development of Rateonium is intended to guarantee traders profits. We do
not wish to hold our Token Sale participants back from the option to trade on
leading international trading platforms. However, a functioning and suitable
currency system needs to be based on a certain degree of insulation from
price fluctuations. Particularly with regard to the extreme fluctuations in the
prices of cryptocurrencies, this kind of insulation is a vital measure.
TOKEN SALE
For Participate ICO register here https://rateonium.com/
TEAM RATEONIUM
FOLLOW HERE MORE INFO:
Website : https://rateonium.com/
Whitepaper: https://rateonium.com/whitepaper.pdf
Twitter : https://twitter.com/rateonium
ANN Thread : https://bitcointalk.org/index.php?topic=4796158.0
BTT Username: tatarea9
ETH Addres : 0x17715Fee6c3D41C1231A0aAd5F49596f4b485CC1
