Rateonium – Transforming Rating Platform with Blockchain Technology

Introduction
Rateonium is a decentralized blockchain based idea which offers an anonymous and transparent platform with multiple benefits for the community, business partners and investors. They are offering three services – Rate, Trade and Invest into a single platform with the help of blockchain technology. As we know, reviews play an extremely important role in the way people live their daily lives together whether it is in the company based or customer-based review services.
So, Rateonium platform is integrating blockchain technology with the management of customer-company relationships where they are connecting products and services purchased with a subsequent customer review process. They have two tokens, one is Rateonium token and other one is Ratec token where Ratec is using for the token sale & can be traded on major trading platforms. The other Rateonium token will only be used to redeem rewards which cannot be traded.

Problem
As I discussed, reviews have been playing a crucial role where people can interact with one another and in working of economic systems. The customer reviews on products and services are playing important role in the long-term success of a company. On the other side, start-ups totally rely on customer opinions first.
Very few customers are writing a qualitative review which means there is no suitable data on which start-ups may base their decision. Globally, there is no active verification system which can provide the authenticity of customer ratings and reviews. According to the source, 75% of consumers only make a purchase decision after reading the reviews and 20% of consumers believe that most ratings are falsified. There are also no satisfactory rewards for ratings. There is also many manipulations and misuse of data is being happening in the reviews system which leads to failure in customers prospective.

Solution
The solution where Rateonium is come up with their decentralized blockchain based ratings and reviews platform. They are connecting blockchain technology with the management of customer-company relationships where they are providing well-authenticated customer reviews on their purchasing of products and services.
Rateonium collecting the qualitative and individual data for companies which helps them to retain new customers and on the other side, consumer will get rewarded at the same time with their Rateonium token for reviewing under their platform.
They are offering an App which is powered by metadata to their users who can experience a modern purchase with the help of authenticated reviews which is free from manipulations and data misuse. A Rateonium App which is user-friendly where providing ranking of reviews, viewing user history, scoring, social prospects and search function.

The 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 VP in Marketing in the UniBanka in Skopje for 6 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’s an experienced Back End Developer with a demonstrated history of working in the Computer Software Industry. Also, expertise in the technical level in Java, Cloud Computing 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 4 years. He also held the position of Managing Associate at L&K Ventures Ltd for 16 years. He 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.

Token Matrix
Token – RTC (Ratec)
Total Supply – 801,703,971 RYC
Soft Cap – 32,000ETH
Hard Cap – 84,234ETH
Pre-Sale – 10th to 25th August 2018
Crowd Sale – 25th August to 25th September 2018

Social Media Reach
Twitter – 2.8k+ Followers – https://twitter.com/rateonium
Telegram – 610+ Members – https://t.me/rateonium_community

Verdict
The Social Media hype is low, and they are not much active on their Telegram Group.
The Website and Whitepaper both explained in detail.
There are 16 core members in an executive team who are having expertise in Software, IT, Financial Sector, Sales & Marketing, Law and App Development. Some of them are having Blockchain experience.
The Roadmap is provided with their milestones till 2019, but not explained in detail. Currently, MVP is not available.

For Detailed Information
Website – https://rateonium.com/
Whitepaper – https://rateonium.com/whitepaper.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4796158.0

Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392