Rateonium is a global blockchain based product and service rating platform. It offers a decentralized, anonymous and transparent platform with multiple benefits for the community, business partners and investors. Rateonium offers a complete rating system tailored to all customer groups, thus connecting customers to companies in a way never seen before.

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.

ICO Timeline:

The Ratec tokens (RTC) issued in the Token Sale will be created based on the ERC20 provisions of the Ethereum blockchain.

The tokens can be stored in any ERC20 wallet.

Benefits for Token Sale participants

Each participant in the Token Sale is offered the following benefits:

The first participants in the system will benefit from special starting rewards, which will be offered by the companies in the first phase of the system. 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. If a participant deposits some or all of his/her tokens in the trading platforms, they are very likely to profit from changes in the exchange rate caused by the hype surrounding the Rateonium system, which is expected be generated by the later expansion of the business. 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. It costs €20 and is sent out exclusively in combination with various specials. In addition to the financing described in the next chapter, there are other reasons for holding the Token Sale.

The ICO is intended to generate a network of customers and partner companies for the system, sufficient for the overall concept to work. With the inclusion of numerous partners such as store chains, delivery services, vehicle rental companies, and restaurants, this entrepreneurial functionality has already been ensured in the early development phase for Rateonium. Networks often face the problem of too few suppliers or parties interested in acquiring the product by the time the system is launched. The Token Sale event makes it possible to integrate a six figures worth of users directly into the system, ensuring a very appealing number of potential new customers for companies.

Token distribution:

Budget use:

The tokens that are sold during the Token Sale event (RTC) will be generated beforehand on the basis of the ERC20 provisions.

The Rateonium system tokens (RTO) introduced later will be automatically generated when a review is created. As soon as the rating algorithm detects the submission of a qualified rating, the corresponding number of tokens is generated by the underlying blockchain. The new tokens are transferred to the wallet address associated with the rating and noted by the respective company as a payout. When exchanging tokens for a reward, however, the Rateonium is burnt. This activates the respective reward, and the correlating number of RTO tokens will be immediately burnt in order to counteract inflation in the closed system.

If a user decides to exchange Rateonium tokens (RTO) for Ratec tokens (RTC), the special exchange system is activated. The Rateonium tokens introduced are first burnt, and an algorithm created for this purpose generates the correct number of Ratec tokens.

These are created according to the previously defined RTO:RTC ratio and sent to a separately created ERC20 wallet address. This creates a constant cycle in which old tokens are burnt and new ones are generated, counteracting any potential inflation or deflation (this does not constitute any guarantee that this could not happen due to the financial market situation). Of course, any personal user data is immediately anonymised and encrypted by the system internally, which means that not even Rateonium can see which user account is allocated to which person. The multiple layers of encryption between the user’s personal data and the user’s account can only be reversed by entering the ten specific reset words, and only then can the user access be manually reset for the person concerned. All other user data, including passwords, email addresses, and wallet IDs, are encrypted and stored in various servers.

Rateonium users are thus granted maximum protection against hacking attacks and information loss due to errors in the system.

Conclusion:

From the perspective of the consumer, Rateonium is the first comprehensive rating portal to offer a user-friendly and cross-industry overview of verified customer reviews.

The exclusive nature of Rateonium is based in particular on the multiple encryption processes it uses, its fundamental protection of personal information, and the use of blockchains in its review system.

The specific rewards for consumers are another unique feature of Rateonium’s operating principle. A modern CR system enables companies and customers to benefit from each other, and it’s also important to show appreciation to the customer writing reviews for the role he/she plays as quality controller.

Together with a large number of business partners from the global economy and political scene, Rateonium has been able to make its vision a goal, and its goal a path. By dividing its cryptocurrency into two sub-currencies for the first time ever, Rateonium has created a system that combines the benefits of closed and open networks.

In a few years, it will be possible to rate any service and any product on earth and have endless opportunities at your disposal thanks to the points you obtain. These opportunities will range from redeeming your points for rewards to trading them on crypto-exchanges and using the to make making donations.

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Website: https://rateonium.com

Whitepaper: https://rateonium.com/whitepaper.pdf

OnePager: https://rateonium.com/onepager.pdf

Telegram: https://t.me/rateonium_community

Twitter: https://twitter.com/rateonium

Reddit: https://www.reddit.com/r/Rateonium/

Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4796158.0

Bitcointalk User profile: https://bitcointalk.org/index.php?action=profile;u=1979087

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