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Universal Recognition Token

The Ultimate Corporate Rewards Marketplace

Universal Recognition Token is the first blockchain-based corporate rewards marketplace where employees may sell and auction their gifts, rewards and prizes to the general public. URT is disrupting a $90 billion dollar annual spend market in the United States alone, according to the Incentive Federation.

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Benchy 4.6
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Unknown
Token
URT
PreICO Price
1 URT = 0.08 USD
Price
1 URT = 0.12 USD
Bonus
Available
MVP/Prototype
Platform
Accepting
ETH, BTC, Fiat
Soft cap
3,000,000 USD
Hard cap
35,000,000 USD
Country
USA
Whitelist/KYC
KYC & Whitelist
Restricted areas
China
More on ICO
Report

About Universal Recognition Token

American corporations spend over $46 billion each year on employee gifts to be awarded via employee recognition programs that acknowledge outstanding employee achievement. Typically, these gifts come in the form of gift cards or merchandise. Although some employees receive gifts they want and appreciate, a not insignificant amount of the time these gifts are seen as unwanted or undesirable by employees.

Consequently, many gifts are discarded altogether by employees. We propose to monetize the market of unwanted corporate gifts by matching those gifts with individuals wishing to purchase them using blockchaintechnology such as smart contracts. Employees will be able to liquidate their unwanted gifts for cash or marketplace points (at the employer’s option) and do in an immutable and traceable way; value realized by gifts in this manner can be spent on alternate gifts or saved toward a future gift of greater value (employee’s option).

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ICO KYC Report
2 members invited
Brendan Ward
Passed
Ivan Maros
Passed
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