URT - The 1st Blockchain-Based Employee Rewards Marketplace

URT - https://urtoken.net/

Peaceful greetings of the universe, this time I will discuss about ICO or project URT, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).

Universal Recognition Token is the first blockchain-based corporate gift market where employees can auction their prizes, awards and gifts to the general public.

Blocking-based introduction is the future
Liquidity - Most of the prizes given are not in accordance with what employees really want. This is because the HR department cannot predict what each employee wants, especially as the number of offices and employees increases.

Stackability - Because URT is permanently and unchanged stored on the Blockchain, the token value never expires. This means that you can collect smaller prizes which if not, will be useless into something more meaningful, such as dinner or travel. This can follow you for life, even if you change employers.

Better Gifts - At present, the company's HR department selects gifts for all employees. This is challenging because employees have many different tastes and are geographically spread in many offices. As a result, they usually choose gifts that are boring or very generic (eg Starbucks gift certificates or watches). People are used to this prize - in 2018, they don't have much impact.

Many times the best gifts are local and boutique, not generic. Dinner at a large restaurant in your city, tickets to local sporting events, or go to see the performances played at your local theater. The Central HR Department can't find out all the big prizes, in all cities, all the time - too much work.

However, with blockchain, we will have public data with the highest prize in the request. This means we can have more gift vendors who send gifts and the system will automatically tell the company to increase the quantity and buy more prizes in demand and exit and buy fewer gifts that have less impact.

Employee recognition programs are a longstanding feature of corporate workplaces. Most of the spending on corporate recognition comes in the form of gifts — specifically gift cards and merchandise — to celebrate occasions such as:

Events

Sales quota attainment
Years of Service
Birthdays
Promotions
Project Milestones
Corporate Values
Personal Achievments
Wellness
Company founding anniversary
Referral incentives for recruiting
Deal / Task Completions

Holidays

Christmas
End of Year
Valentine’s Day
Employee Appreciation Day
Memorial Day
Mother’s Day
Father’s Day
Independence Day
Labor Day
Halloween
Thanksgiving

Corporate spending on these categories is significant. in the United States alone, companies spend $90B annual on employee recognition according to Deloitte.

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.

1 | Liquidity
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.

2 | 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.

3 | 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
SALE TOKEN - 437,500,000
TOKEN SUPPLY - 875,000,000
PERON - ERC20
ACCEPT - ETH, BTC, Fiat
BONUS - Tiered, from 50% to 5%
DELIVERY DATE - We plan to send all contributions within a few weeks of closing the crowdsale.

Each excess token will be burned after the token sale.

At launch, there will be 850 million tokens (or slightly smaller because unsold tokens will be burned). We sell 50% tokens (437.5 million) between pre-sales and public sales, and will distribute tokens immediately after the closing of public sales.

ROADMAP

TEAM SUCCESS

ADVISOR

URT is a good ICO program.
Think business is pretty fantastic. It attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.

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#recognition