Universal Recognition Token | The First Employee Rewards Marketplace

Universal Recognition Token is a corporate rewards marketplace. It helps employees to auction their gifts, rewards and prizes to the general public. It is facilitated by Blockchain. In the corporate organization Employee recognition program must be there. Normally, it is done through gift, cards and merchandise to celebrate occasions such as meeting and exceeding sales goals, employment anniversary, project milestones, employee birthdays, holidays (Christmas / New Year), and seasonal events, Promotions, weddings / new babies and health / wellness. Spending on these matters are very significant in the corporate world.

The Universal Recognition Token (URT) from Universal Recognition Token on Vimeo.

The main problem in the today’s corporate world is the given gifts are not matched with what the employees wants actually. It is wasteful and large amount of money being spent. The HR department is not in a position to predict what all the employees want since there are a number of employees in the organization and they grow.

Universal Recognition Token has given a solution for these problems with the assistance of blockchain technology. It helps to understand the employee satisfaction while simultaneously minimizing employer cost and waste. It is a virtual market place where employees can choose to auction them and receive cash. On the other hand employers can credit employee with internal reward points or miles which are equivalent to the value of cash and are redeemable for prizes off of a fixed-price prize menu. This system avoids the receiving of inappropriate gifts to the employees from their employers. Accordingly mainly there are three benefits available in this platform,

Liquidity

Stackability – Employees can accumulate smaller gifts

Way Better Prizes

The toke uses in this project is called as URT. It is come under HR-tech category. The presale token price is recorded as $0.08 where crowedsale token price is recorded as $0.12. The minimum amount that is expected to rise as soft cap is recorded as $0.12 where maximum amount expected to raise as hardcap is $35,000,000. The total token supply is 875,000,000 where 437,500,000 shares are available for sale. The token sale is happened in the ERC20 platform where all the payments are accepted only from ETH, BTC and Fiat. All the contributions have been planned to deliver within a few weeks of the close of the crowdsale. The total token supply is distributed as follows,

Pre-sale and crowdsale – 50%

Team and advisors – 30%

Market place partners – 19.5%

Bounty - 0.5%

So raised fund will be utilized for the development of the projects in the following areas,

Sales Marketing and the Business Development

Research and Development

Operations and Management

Legal and Regulatory

General and Administrative

Market place reserves

Pre-sale has been made in the 2nd quarter of 2018. Thereafter Universal Recognition Tokens program has planned to achieved followings,

Beginning of public sale

Launching smart contract

Going live with audited and URT Beta App

Arranging the first prize on URT Market place

Enabling price auction on the testnet

Launching public IOS and android alpha apps

Expanding prize inventory to non-us market begins

Adopting URT as primary recognition method begins

Universal Recognition Tokens program is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in computer science, Business development, Graphic designing, community management, Human Resources, Blockchain Technology, public relationship, and legal matters and so on.

Universal Recognition Token Team