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Online play feels like a third person MOBA with like 2010 era netcode. Very laggy, things update oddly visually so you feel like you're reacting and acting towards things that the server decided went differently 2 seconds ago.
It's impossible to lose points and go down in rank as long as you mega evolve as soon as you can, pick up items as you see them, and attempt to score kills.
I got to A rank with a slowbro that spammed surf an psychic. As long as you have a fully evolved pokemon that has a 70+ BP move, you can simply go from lowest rank to max rank in a few hours.
This combat system will not approach the capacity to replace the current system anywhere in the next 10 years.
Your reward for A rank is 300 mega shards.