Rateonium: Blockchain-Based Anonymous Online Review Platform

Online reviews and ratings heavily influence consumers’ purchase decisions. At once the modern take on traditional word of mouth and the new standard for customer feedback, reviews can make or break a business.

According to Cone Communications, 4 in 5 consumers will reverse a purchase decision after reading negative reviews.
ReviewTrackers research found that 33 percent of diners wouldn’t eat in a restaurant with an average online rating of fewer than 4 stars out of 5.
A number of research studies suggest that online reviews are more trustworthy and useful than branded social media content, advertising, information from salespeople, and even natural search engine results.

What business owners and marketing executives must realize is that online reviews and ratings are a major factor in shaping their brand reputation. More importantly, these reviews offer a unique insight into the customer experience — into what customers really think and how they really feel about the given product, service, or brand.

On the other hand, many consumers are hesitant to publish their first-hand experiences. One of the main reasons for this is the lack of trust in sufficient anonymity and security of the data collected.

Consumers are often overcome by fear that tracing the identity of the reviewer can have subjective, negative consequences. In addition, there has been an increased number of scandals in which consumer data is stolen and misused as a result of security breaches. Rateonium solves all these problems by optimizing the content standards and verification of reviews and also diverse rewards as incentives to users.

Rateonium is a blockchain-based product and service rating platform. Users will be able to rate products and services provided by various companies and receive rewards. The Rateonium solution envisages a verification system to ensure that no reviews are posted in order to discredit companies.

Rateonium revolutionizes the way we rate by creating a decentralized application that is extremely easy to use. However, ease of use is merely the beginning of many advantages that Rateonium brings both to users and companies with its unique rating system.

Secured by the blockchain, in Rateonium ratings are fair, transparent and trustworthy. Rateonium's mission is it to increase product and service transparency of companies through a worldwide Blockcain-based costumer rating system.

Currently, Blockchain is the only technology which can provide trust to online ratings and reviews by:

Providing full transparency for product reviewers and their identities;
Providing a decentralised platform that cannot be manipulated;
Creating smart contracts which build reliable content; and
Generating value for online reviews in the form of tokens.

Quality ratings and revenue are invaluable to both customers and businesses, yet popular platforms have allowed the creation of fake reviews. Today, getting a quality source of advice is as good (and rare) as gold. Rateonium is creating the next generation online review backed by Blockchain as an innovative solution to fake reviews.

Rateonium network will offer businesses the following notable features to create a resilient and economically stable review system:

Honest Reviews: Through Rateonium’s verification process, companies can benefit from honest reviews since the user will be verified first before publication.
Constant Customer Acquisition: As businesses receive positive reviews, more clients will consider trying out those businesses, thus providing continuous client acquisition. Companies can also analyze the reports to provide quality assurance.
Support For Small Businesses: Rateonium’s subscription system ensures that large-scale and small-scale firms have a level playing field. Larger organizations will only get their subscription plan through the local branch locations, rather than as the entire company.
Preventing Market Fluctuations: The deployment of two separate tokens, Ratec token and Rateonium token, means that the currency will be shielded from market fluctuations and price speculations.

Rateonium Token Sale

ICO Parameters

Token Ticker: RTC
Platform: Ethereum
Type: ERC20
Total Token Supply: 801,703,971 RTC
Token for Sale: 665,414,296 RTC
Acceptable currencies: ETH
Token price:
Pre-ICO Price: 1 RTC = 0.000091 ETH
ICO Price: 1 RTC = 0.000109 ETH - 0.000182 ETH
Min. investment: 0.2 ETH
Soft cap: 32,000 ETH
Hard cap: 84,234 ETH
Registration Country: Macedonia
Restricted Areas: China, South Korea, North Korea, USA, Iran, Sangapore
Website: HERE
Whitepaper: HERE