URTOKEN: Worthwhile Appreciation
Corporations all over the world are spending huge amounts every year as part of their recognition programs for the employees. These can be in terms of gifts, merchandise, and coupons as part of awards and incentives. The actual reason for such is to recognise and encourage the efforts of its employees as the corporate world acknowledges that happy employees will result in better performances and greater revenues. This has been aptly described via this quote-
We all have goals: We want to matter. We want to be important. We want to have freedom and power to pursue our creative work. We want respect from our peers and recognition for our accomplishments. Not out of vanity or selfishness, but of an earnest desire to fulfill our personal potential.
-Ryan Holiday
Corporate spending is huge and if it was effectively directed could yield better results. In most cases, we find that the waste is greater than the advantage. The gifts are generally selected by the HR department and distributed amongst the employees for their outstanding and useful contribution. Although a number of gifts are appreciated still a huge number remains where they are of no use. These unwanted gifts are with time discarded and hence serve no useful purpose.
My uncle is part of a multinational corporation and recently one of his projects was highly appreciated. His company gifted him a single free pass to see a world cup match of football. When you hear about it you just have to say vow. Who gets to see a world cup match live? But practically is it feasible. He lives in Hyderabad and for a single match, he had to travel to Russia. The trip with all other expenses was bound to be very costly and it was impossible for him to go for a single match at such expenses. He told me later that day that he had given the ticket to a Facebook pal of his who was already living in Russia and would be able to travel and enjoy the game much more than himself. The gift was simply inappropriate and hence remained unappreciated and became a waste for the receiver.
It is necessary to create infrastructures that will be customer-driven as it is their efforts which we are appreciating and acknowledging. They must have a say in the gifts as who better than they can say about their needs and desires. The best rewards according to me are cash prizes that help an individual to get what he needs. Several companies have strict policies of not giving cash prizes as they grant vouchers because they have tie-ups with other firms. URTOKEN built on Blockchain platform with its advanced technologies is one such system that is working towards disrupting the current ecosystem. Let us make the following quote true and offer worthwhile gifts.
Recognition is the greatest motivator.
-Gerard C. Eakedale
URTOKEN Platform
URTOKEN is a marketplace that is based on blockchain technology. It has been built so that the employers can know what the prizes in-demand is at that particular time and place. The system is built in such a way that it regulates and updates all data and information automatically. When a gift is received the employee will now have an option of accepting it or auctioning it at URTOKEN portal to receive cash.
ICO and Team
URTOKEN is powered by URT based on Ethereum ERC20 platform. It is a utility token that is used for conducting transactions solely in URTOKEN interface. The team has overcome technical challenges to create a blockchain based ecosystem that will have a direct impact on the rewards and recognition industry.
Conclusion
URTOKEN is a platform that helps to match the desired gift with an interested individual. The blockchain technology along with smart contracts and cryptocurrency enables liquidating of unwanted rewards in terms of monetary benefits or marketplace points in a transparent and scalable manner. The ecosystem enables perceiving the accurate market demand and act accordingly so that everyone is happy at the end of the day.
Website - https://urtoken.net/
Whitepaper - https://s3.us-east-2.amazonaws.com/urtoken/URT-WPv07b.pdf
ANN - https://bitcointalk.org/index.php?topic=4550909.0
Telegram - https://t.me/ur_token
Published by - prince0200
Profile - https://bitcointalk.org/index.php?action=profile;u=1807689