REPU
I will be talking about REPU — Smart Reputation Management on Blockchain. The topic I chose for this article is not a clickbait, its for real. REPU can make you earn by just reviewing your experiences with different Companies, their services and their products. Just keep reading and you will get to know how it works. We all belong to one social media platform or another. Its either we have a Facebook account we use to connect with high school friends, Or WhatsApp for instant messaging, or Telegram groups to bring large number of people with a common interest, or LinkedIn to connect with Companies that match your profile and so many more which I will not be able to list. Our lifes cannot be seperated from social media. I has become an integral part of our lifes.
As often used as social media platforms are, the only people that make money from there are people that use it for business. The percentage of people who gain is only a small fraction out of a big whole. REPU is here to take care of that. REPU is here to make the not only the small fraction but the big whole gain just by making use of social media.
What is REPU?
The REPU system (shortened from English meaning — reputation) is a revolutionary project that allows you to completely rethink the way social networks are perceived. REPU is a rating and feedback system based on decentralized blockchain technology. This technology allows you to completely replace the system of “likes” with the rating — both for users and for companies. The rating, subsequently, can be used as an assessment tool in various areas of the individual’s life — starting with professional skills, financial stability, and ending with all possible aspects of behavior and interaction with the public.
In simplier terms, it is a system of using comments and feedbacks to rate Companies, Individual, Product & Services
The system provides a platform for evaluating individual companies / products / employees — any user of the system has the opportunity to provide rating with a review for each element of the business. Thus, business owners get an opportunity to analyze every single unit of their company, and also perform a flexible communication with their customers.
REPU’s GOAL
The goal of REPU is to change the way of perception and interaction among social network users, through the use of the rating system, as well as the way of managing the company’s reputation, by obtaining real business ratings from users. An important objective is also the possibility of assessing a person in terms of professional qualities for the subsequent employment. This eliminates the subjective opinion of the recruiter and the impact of the resume on employment.
Here is REPU is here to improves the lives of people
Nowadays, social networks represent a huge database,nearly about every person on earth.By possessing this information,networks provide companies an opportunity to purchase advertising with maximum targeting of the audience of their interest.Thus, a company can create its own page on a social network to present its products /services to users.On the other hand,there are pages of ordinary users as individuals, where a person has the opportunity to blog,share photos and stories from his/her life, and also search for products / services on a social network.
REPU solution :
• Save time required to place rating and leave feedback
• Be objective and unbiased eliminating fake,irrelevant rating/feedback
• Employee feedback e.g. rating a specific employee and a restaurant separately
• Fragmentation. Combining social, professional, rating networks into a single unique platform
How users benefit
It is a well-known most people who give feedbacks are having a negative one.And this has got a logical explanation : writing a good,detailed feedback requires considerable amount of time. Accordingly,if a person liked everything he will not be willing to waste time he/she is already satisfied with everything.Otherwise,the user is not satisfied and he/she is ready to spend time and energy telling other users about it.
Thus,we decided to introduce an REPU token into our platform.This token is intended to be used for transactions within the system only and to reward users within the system,as well as a payment from companies for services.Each user who provides a rating and writes a feedback will be rewarded with tokens.The number of tokens will vary,depending on the amount of information provided and the frequency of the rating.
How Companies Benefit
For company owners and top managers,the system provides an opportunity to get a more objective picture for their business. Namely:
• Receive feedback from their customers about the products they offer either products and /services
• Receive feedback on the performance of any part of their company whether it’s an ordinary employee and /department as a whole
• Test and offer users to rate and evaluate new products before launching into the market
Thus, from the economic standpoint, owners are able to save:
1.Funds that were initially assigned for salaries of inefficient employees in the company.The manager himself can make a decision to fire an employee or send for additional training.
2.Expenses on inefficient departments in a company, which need reorganization and / or new staff
3.Money allocated for focus group services that are quite expensive and whose service in addition,does not guarantee the right result.Within the platform’s framework there will be an opportunity to offer testing to real users and get a truly truthful rating from potential buyers.
4.Getting the opportunity to offer your users discounts and / or promotional offers for REPU tokens thereby increasing sales and receiving a refund for further payment of platform services.
THE REPU PLATFORM AND TOKEN
REPU platform is an application that allows its users (ordinary citizens, companies, employers, recruiters, government officials, law enforcement officials, etc.) to use the rating and feedback system in everyday life. The platform is being developed as a separate project, which in the future is planned to be integrated into social networks (facebook, Vk.com, Youtube, Instagram, LinkedIn, Snapchat) and replace the existing system of “likes”. Ratings and feedbacks will function through the decentralized blockchain technology and smart contract.
REPU Token is a digital token called RepuCoin. It is a virtual currency that is used inside the platform to pay for the company’s reputation management services (monthly, quarterly, half year and annual subscriptions), rewarding users for ratings, and for internal payments for goods / services within the REPU infrastructure.
RepuCoin is a cryptocurrency, which is awarded to users who provide ratings within the system. RepuCoins are automatically generated by the REPU smart contract only when a company pays for reputation management services with its own means, so they are not being taken out of nowhere. Therefore, there will be no surplus of tokens on the market. RepuCoins are always secured by other currencies.
REPU tokens are created on the basis of Ethereum ERC-20. At the moment, we are working on technical description and specification of smart contracts. Information and open source code will be added later on. The REPU issue is limited to 250,000,000 REPU during the closed round, pre-ICO and ICO. Undistributed REPU that were issued for sale during the closed round, pre-ICO and ICO, will be frozen on the smart contract without the possibility of subsequent withdrawal or use (destroyed actually). The REPU issuance is programmed by a smart contract.
REPU has decided to strengthen REPU project, ICO investment model is what they are using. Firstly, it will allow all people who want to emerge as investors and make profits in the future by increasing the price of tokens or services within the token platform. Secondly, the financing method and the launch of REPU will increase in particular, and thirdly, the ICO is an obvious current method of investment accumulation.
DETAILS OF PRE-ICO & ICO IS AS FOLLOWS:
Total Suply : 250 million tokens
5% for pre-sale
70% for sale
THE CLOSED ROUND — will be held until the Pre-ICO
• HardCap : 1000 ETH
• The minimum purchase amount : 1 ETH
• The maximum purchase amount : 300 ETH
• The funds will be spent on preparing Pre-ICO and ICO.
PRE-ICO — will be held in January.
• HardCap : 1800 ETH.
• The minimum purchase amount : 0.1 ETH
• The maximum purchase amount : 500 ETH
• The funds will be spent on preparation and marketing of the ICO stage
ICO — is planned to be held in February.
• Goal : 3.000 ETH
• HardCap : 30.000 ETH
• The minimum purchase amount : 0.03 ETH
• The maximum purchase amount : unlimited
• Description of expenses is on the next page
TOKEN PRICE — Closed Round
• Price per token : 0.00008 ETH
• Minimum purchase amount : 1 ETH
Pre-ICO:
• Minimum purchase amount : 0.1 ETH
• Price per token:price in USD are stated,based on the approximate exchange rate of 690$/ETH
• The price increase every day during tokensale.
ICO :
• Minimum purchase amount : 0.03 ETH
• Price per token: price in USD are stated, based on the approximate exchange rate of 690$/ETH
• The price increase every week during tokensale.
Price is the lowest at the beginning of the token sale and will be increasing.Bonuses are provided depending on the amount purchased.Funds raised during the ICO will be used for PR,marketing & platform promotion, infrastructure and community development,research and development and to cover operating costs and loan repayments.REPU tokens are created based on the Ethereum platformand can be bought using major cryptocurrencies.
Purchase BONUSES
There is a bonus program for purchases of 2 ETH and higher.Bonuses are provided, depending on the amount of investment.The exact amount of bonuses you can calculate in the chart below.In case the number of bonuses exceeds the total issuance of tokens,the bonus accruals will be allocated from the pool of tokens provided for the team.
Get the opportunity to become one of the 50 randomly chosen winners in the token draw.The lottery will be held in 2 stages with prize pools of 600,000 and 650,000 tokens accordingly after Pre-ICO and ICO.Within 2 weeks upon completion of eachstage the first 5 winners will be selected these are the 5 largest sums indescending order that will be credited to our account and 45 random winners who will receive tokens.
Distribution of tokens among winners:
• 1st place -10%
• 2nd place - 5%
• 3rd place - 3%
• 4th place- 2%
• 5th place-1%
• 6–50 place- 80% (evenly distributed)
Terms and timeframe for participation : Pre-ICO, and the first week of the ICO, Purchase of tokens for participation from 2 ETH. Winners will receive an e-mail with a confirmation of the receipt of winning tokens.
WHITEPAPER https://repu.io/whitepaper.pdf
WEBSEITE: http://www.repu.io/
FACEBOOK https://www.facebook.com/repuproject/
TWITTER: https: // twitter.com/repu_project
ONE PAPIER: https://repu.io/onepager_deu.pdf
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=2585547.0
TELEGRAMM: https://t.me/repu_official
Vitalino
https://bitcointalk.org/index.php?action=profile;u=1785478
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