Vivian Vitale, Top HR executive and former SVP of HR at Veracode and IBM joins Universal Recognition Token advisory board!

The First
Employee Rewards
Marketplace

Universal Recognition Token is the first blockchain-based corporate rewards marketplace where employees may auction their gifts, rewards and prizes to the general public.

Crowdsale

Coming soon

Join Whitelist

Our community is 11585 strong

Whitepaper

From a broad market perspective to the functional-level goals of the marketplace, down to the nuts and bolts of which operations we intend to keep on chain vs off chain in the application layer and why. Read the URT whitepaper for a complete insight into our Vision.

Whitepaper

URT Whitepaper

Onepager

URT Onepager

Product Roadmap

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

Tokens for sale

437,500,000

Token supply

875,000,000

Platform

ERC20

Accepting

ETH, BTC, Fiat

Bonus

Tiered, from 50% to 5%

Delivery date

We plan to deliver all contributions within a few weeks of the close of the crowdsale

*Any excess tokens will be burned after the token sale.

**At launch, there will be 850 million tokens (or slightly less as any tokens not sold will be burned). We are selling 50% of the tokens (437.5 million) between the pre-sale and public sale, and will distribute tokens shortly after the close of the public sale.

Background

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.

A SUBSTANTIAL PERCENTAGE
OF GIFT CARDS GO UNREDEEMED

AND LOTS OF THE MERCHANDISE ENDS UP SITTING UNUSED ON SHELVES OR COLLECTING DUST IN BOXES IN THE GARAGE

THE SYSTEM IS INCREDIBLY WASTEFUL, ESPECIALLY GIVEN THE LARGE AMOUNTS OF MONEY BEING SPENT. HOWEVER, DUE TO THAT WASTE, THERE IS ALSO OPPORTUNITY PRESENT.

Blockchain-based recognition is the future

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.

 

Universal Recognition Token (URT) welcomes ICO expert Michele Zilocchi to its advisory board!

Jul 31, 2018 by Brendan Ward

Michele Zilocchi

We’ve believed from day one that building a strong team and a robust supporting cast is one of the most important aspects of a successful token project. Today, we’ve taken another step in this direction by adding Michele Zilocchi to our advisory board. For details check out our Medium here.

Another partner company joins the URT platform!

Jul 19, 2018 by Catherine Streeter

CirrusData

Today we are extremely happy to announce that Cirrus Data, a developer of enterprise-class, zero-downtime Data Migration and Caching Servers for legacy to cloud data storage transfer needs, joins the Universal Recognition Token (URT) platform and marketplace. For details check out our Medium here.

The Universal Recognition Token (URT) team at Blockchain Week NYC

May 21, 2018 by Brendan Ward

Blockchain Week NYC

We had an incredible time during this year’s Blockchain Week here in NYC, what an experience. First up was the Ethereal Summit, where we got to see heavy hitters like Joseph Lubin (Ethereum Co-Founder) and Aya Miyaguchi (Exec. Dir. Ethereum Foundation) speak at length about the state of crypto and where it’s headed — exciting stuff indeed. For details check out our Medium here.

Stan Dunlap, Senior Vice President of HR at Salesforce.com is joining the Universal Recognition Token (URT) advisory board

Jun 4, 2018 by Catherine Streeter

Stan Dunlap

We couldn’t be more thrilled to announce that Stan Dunlap, Senior Vice President of Human Resources at Salesforce.com (and one of the most accomplished Human Resources executives in the country!) is joining the URT advisory board. For details check out our Medium here.

Announcements

Announcing the lineup that the Universal Recognition Token (URT) team will be attending in 2018

May 7, 2018 by Catherine Streeter

Meet members of the Universal Recognition Token team at the following events, conferences and summits. For details check out our Telegram here.

May

Ethereal summit logo
Consensus 2018

June

Bci summit

August

Cryptoblockcon

September

Token fest

November

Na blockchainexpo 2018

Universal Recognition Token partners with Surprise HR

March 2, 2018 by Brendan Ward

SurpriseHR

Today, the Universal Recognition Token team is happy and proud to announce our first partnership with an up-and-coming employee recognition company — Surprise HR!

With more than 50 companies as clients, including two Fortune 500s, they bring an invaluable expertise in the corporate recognition space as well as immediate scale and liquidity to the Universal Recognition Marketplace. So without further ado, let’s meet the Surprise HR team.

Read the full press release here.

How the blockchain will profoundly disrupt Human Resources and HR-tech

May 21, 2018 by Catherine Streeter

Blockchain and Human resources

When it’s all said and done, blockchain will be responsible for disrupting and transforming the practices of some of the biggest industries in the world — banking, real estate, healthcare, legal — to name a few. For details check out our Medium here.

 

Vivian Vitale, former Veracode and IBM Senior Vice President of HR, is joining the URT advisory board

Jun 11, 2018 by Catherine Streeter

Vivian Vitale

We’re incredibly excited to announce this new addition today: Vivian Vitale has joined the URT advisory board. Vivian has had a highly impressive career spanning 35 years, with the last 25 years in multiple influential roles in the technology sector. For details check out our Medium here.

Universal Recognition Token accepted into the SAP Co-Innovation Blockchain program

Jun 19, 2018 by Brendan Ward

SAP

As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From big corporations like Deloitte, Bayer, Jaguar, and HSBC to smaller SMBs, SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. For details check out our Medium here.

Trip Adler, Founder and CEO of Scribd is joining the Universal Recognition Token (URT) advisory board

May 29, 2018 by Catherine Streeter

Trip Adler

The title says it all — today we are happy to announce that Trip Adler, Founder and CEO of Scribd will be joining our advisory board! For details check out our Medium here.