Retoken’s plans are to transform the way businesses and consumers benefit from the manufacturer/buyer relationship. Retoken uses incentives to attract consumers and sellers in order for your product or service to be promoted.
Sanan Hasanov (CEO of Retoken) stated:
“In order to bring measured results to these person-to-person recommendations, we decided to create Retoken. Retoken refers to a bonus program that encourages people to share the products or services that they use daily and earns Retoken bonuses. This model is not new but by applying blockchain technology, we’ve made it automated, measurable, transparent, and with a limited number of Retokens, we made it profitable.”
The Referral System: How it Works
Retoken removes uncertainty from unsynchronized bonuses incentives by connecting producers and buyers with consumers and sellers through an automated, decentralized platform. Retoken allows manufacturers to implement bonus programs that are local, national or global. This can be tied to actual business cases and systemizes the process. These bonus programs can be used to benefit both sellers and buyers.
Customers can share their feedback and get real-time data from producers about how many products are being sold. Producers also have the ability to see the amount of incentive points that each seller received. Retoken rewards users who review their favorite products with loyalty tokens. This can provide valuable insights.
Transparency and immutability are possible through the use blockchain technology. These transactions also ensure data security and secure participation. Companies and producers will also benefit from Retoken’s global network. Also, they can form beneficial partnerships that’ll enable the companies to grow vertically. This will allow them to access new markets and provide new opportunities for business development.
Retoken hopes to operate in at least ten different countries by 2025 and serve over 1,000 companies. Retoken plans to establish a transparent system for referral bonuses and offer a clear service model. It is developing reliable mobile solutions and growing the value of its token Retoken (RETO).
Retoken will soon be listed on MacaronSwap on 11 May 2022. The token can then trade on CEX or DEX. Be sure to get in on the action early
More about RETO
RETO, a BEP-20 token, is built on the Binance Smart Chain. You can easily list your token on decentralized exchanges thanks to the standard token. You can use it on Ethereum and store it on your Retoken wallet, or any other wallet that supports Binance Smart Chain.
According to the whitepaper RETO will maintain a constant supply of 1,000,000 tokens. Due to the small supply, token values will continue growing as more people demand them. Allotments will be distributed across the following areas: technical development, business and PR development, finance, legal and finance.
The community and investors will receive 55%, and core team members and advisors will receive 20%. 10% will be given to the Foundation. 5% will go to contractors and contingency reserve. 5% will go to DEX liquidity pools. The tokens already have 4% allocated to staking, so there could be plans for an upcoming staking pool. Rest 1% are for bounty and security rewards.
RETO, a worldwide project, will be soon available on both decentralized and central exchanges. These exchanges allow you to directly exchange fiat from the countries with the token.
The founder of Özbahçeci group, Turan Özbahçeci, noted:
“A very high probability that the token will go up and become more profitable because of the limited supply of the token.”