URT - The First Blockchain Based Company Where Employees Can Auction Gifts and Awards

donaa (6)in #bitcoin • 6 years ago

Hello Everyone, I will explain the project about Universal Recognition Token, If you are willing to join the Universal Recognition Token project, let's look at the following review:

What is Universal Recognition Token ?

Universal Recognition Token is the first blockchain-based corporate rewards marketplace where employees may auction their gifts, rewards and prizes to the general public.

The main feature of the Universal Recognition Token (URT) system is a virtual market that allows employees to auction prizes while maintaining the value of the prize for later use and / or accumulation of higher value prizes.

Problem

A substantial portion of the gifts given don’t match what the individual employees actually want. This is because HR departments cannot predict what every individual employee wants, especially as the number of offices and employees grows.

A SUBSTANTIAL PERCENTAGE OF GIFT CARDS GO UNREDEEMED

AND LOTS OF THE MERCHANDISE ENDS UP SITTING UNUSED ON SHELVES OR COLLECTING DUST IN BOXES IN THE GARAGE

THE SYSTEM IS INCREDIBLY WASTEFUL, ESPECIALLY GIVEN THE LARGE AMOUNTS OF MONEY BEING SPENT. HOWEVER, DUE TO THAT WASTE, THERE IS ALSO OPPORTUNITY PRESENT.

Liquidity

Stackability

Because URT is permanently and immutably stored on Blockchain, token value never expires. This means you can accumulate smaller gifts which otherwise would have been wasted into something more meaningful, like a dinner or a trip. It can follow you for life, even if you change employers.

Way Better Prizes

Currently, corporate HR departments pick the prizes for all of the employees. This is challenging because employees have many different tastes and are geographically dispersed in many offices. As a result, they usually pick gifts that are either boring or highly generic (e.g. Starbucks gift certificate or a wristwatch). People are used to these gifts — in 2018, they are not very impactful.

Often times many of the best gifts are local and boutique instead of generic. Dinner at a great restaurant in your city, tickets to a local sporting event, or going to see a show that is playing at your local theatre. Central HR departments cannot know all of the great prizes, in all of the cities, all of the time — it’s too much work.

However, with blockchain, we will have public data on which prizes are highest in demand. This means we can have many more prize vendors submit prizes and the system will automatically tell companies to increase quantity and buy more of the in-demand prizes and phase-out and buy fewer of the less impactful prizes.

Token Details

SYMBOL : URT
CATEGORY : HR-tech
PRESALE TOKEN PRICE : $0.08
CROWDSALE TOKEN PRICE : $0.12
SOFT CAP : $3,000,000
HARD CAP : $35,000,000
TOKENS FOR SALE : 437,500,000
TOKEN SUPPLY : 875,000,000
PLATFORM : ERC20
ACCEPTING : ETH, BTC, Fiat
BONUS : Tiered, from 50% to 5%
DELIVERY DATE : We plan to deliver all contributions within a few weeks of the close of the crowdsale