Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I'm going to introduce you a new cryptocurrency based project called UNIVERSAL RECOGNITION TOKEN ( URT )
What is Universal Recognition Token?
Universal Recognition Token is a platform devoted to ensuring that employers have one central location to not only offer their hard-working employees gifts, but it will also serve to allow the employees a convenient marketplace to sell the gifts they have received. Most ingeniously, the employees do not only have to auction off their winnings to other coworkers on the platform, as any person from anywhere in the world may purchase the re-gifted gifts on this site.
Purpose
Universal Recognition Token is tapping into an often overlooked, although extremely lucrative industry. The employee gift-giving industry is one of the cornerstones of twenty-first century labor and the vast majority of employees tend to receive two types of gifts, namely physical items or vouchers.
These gifts may be associated to an annual holiday, such as Christmas or the Fourth of July, or they may be associated with an achievement, such as securing a much-needed client. Regardless of the reason behind the gifts, the fact of the matter is that corporations are recognizing and rewarding employees is absolutely crucial.
This can be seen in the statistic that the US has over $90 billion spent on company gifs each year, yet there can be one thing for sure, a large portion of the time the gifts are quite often unsuited to the employee.
How It Works
Employers who gift workers with URT tokens may just be giving the best gift of all, URT tokens never go out-of-date and add up as the years go on, thereby allowing them to be put towards vacations or whatever the employee truly desires.
In addition, the days of having one central HR assistant run through a catalog and pick out the whole company’s gift at once should be abolished; through this platform, people will be able to ensure that they always get what they actually want. This will lead to greater company and job satisfaction, which then gives the added benefit of greater employee retention as well.
The model will also make use of Blockchain technology not just for security purposes, but to be able to make statistical inferences on which items are the most popular and make recommendations to employers on what’s needed and what should be forgotten.
Token Detail
Token name – URT
Total amount of tokens issued – 875k
Total amount of tokens on sale during pre-sale and ICO – 437.5k
Token price (during pre-sale) – $0.08
Token price (during pre-sale) – $0.12
Pre-sale – Q2 2018
ICO start date – Q3 2018
Soft cap – $3m
Hard Cap – $35m
Token Distruction
RoadMap
In conclusion
Via this blockchain-based and smart contract-driven system, employers can know that employees who have been recognized for their achievements are receiving more meaningful recognition gifts – because the employees have chosen those gifts themselves. Also, by tracking transaction and bidding activities, employers and prize vendors can know what gifts are most sought-after by the market, can increase the supply of desirable items and either reduce or eliminate undesirable items from the marketplace
FOR MORE INFORMATION :
Website: https://urtoken.net/
Facebook: https://www.facebook.com/urtoken
Twitter: https://twitter.com/ur_token
Telegram: https://t.me/ur_token
Whitepaper: https://s3.us-east-2.amazonaws.com/urtoken/URT-WPv07b.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4550909.new#new
Author: thedinh96
Bitcointalk Account: https://bitcointalk.org/index.php?action=profile;u=1692254