Rateonium - Incentivised Rating Platform on Blockchain Network

Agustus 30, 2018

Overview :
It is a blockchain based network which is based on the users rating and reviews, aiming to avoid marketing manipulations by providing fair remuneration to the customers
One of the most effective and efficient way of advertising is “word of mouth” generally people make their first impressions by other persons experience with the company service or goods. After revolution of technology, companies have started seeking the feedbacks in the form of reviews, and they are trying different innovative ways to analyse the customer opinions.

Problem:
Even though there are many ways to take the feedback form customers, still it has some drawbacks in genuine rating system such as difficulties in daily use, lack of anonymity may lead to problem to the customer, misuse of customer data and one more major drawback is customers will not get any rewards for their fair ratings, businesses also has some concerns with it such as lack of incentivization system, and verification system.
Businesses are not able to draw the meaningful conclusions form the customer reviews and ratings

Solution:

To solve the issues in current rating system, Rateonium came up with the solution by providing blockchain based platform for the genuine reviews, it has different aspects for both user end and company end. User end consists of ranking of views, history of view, scoring, social prospects, company pages, search option, geo search. Same way it has aspects form company end such as registration and participation, user account, control option, customer support service and ratings.

Rateonium system consists of wide range of functions, it protects the user identity using RATE-SAFE encryption system. It provides rewards only once per company per month.

Token economy:
Rateonium issues Ethereum based utility tokens called “RTC” which can be used in the internal ecosystem of the network for the platform for services and rewards.

Token details:

Token symbol: RTC
Token type: ERC20
Total token supply: 801,703,971
Softcap: 32,000ETH
Hardcap: 84,234ETH
Pre-Sale: 10th Aug to 25th Aug 2018
Main Sale: 25th Aug to 25th Sep 2018

Team:
MARKO KRUSNETSEVIC - CEO & FOUNDER
After his university graduation in 2006 he began to work as a Manager in the interference of Marketing and Sales in the AIK Banka in Belgrad, Serbia. Afterwards , he got the chance to work as Vice Marketing President in the UniBanka in Skopje for six years. His long-year experience as a CEO and as a Marketing Vice President has given him enough experience for providing leadership for the development of global strategic marketing plans.

KAI CILINGIROGLU - CTO
He is an experienced Back End Developer with a demonstrated history of working in the computer software industry. Skilled on the technical level in Java, cloud system implementation, PHP deployment and Agile. A long year Senior Professional with a Bachelor's Degree focused in Computer Science and Engineering from the Fachhochschule Frankfurt in Frankfurt, Germany.

DJEVAD LAKOTA - INVESTOR & CO-FOUNDER
Previously he worked in JP Morgan as an analyst for four years. He also held the position of managing associate at L&K Ventures Ltd for 16 years. Djevad provides key analyses of strategic concepts as well as financial assumptions along with feasible recommendations for Rateonium’s management board and is the main investor and shareholder of the first blockchain based rating platform.

Verdict:
Pros:
• Idea of the project is looking good, it is providing rewards for the customer for their genuine reviews which is beneficiary for both companies and customers.
• Website and whitepaper has detailed explanation about the project
• Roadmap is clear about their future goals to be achieved till 2019 Q4.
• Team members are experienced in marketing, finance, blockchain, IT, computer science, etc.

Cons:
• Social media hype is poor, its telegram community has 600+ members as of now
• MVP is not yet released
• No advisory team is mentioned in the website and whitepaper