What is Revain (REV)?

What is Revain (REV)?

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Revain is an online platform for reviewing Ethereum-based currencies. It was created to provide developers with constructive feedback on their projects. Additionally, the system incentivizes writers to provide high-quality reviews.

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Revain was the first platform to integrate the functionality of conventional review sites with the benefits of blockchain technology.

Revain's ultimate objective is to provide a valid and authentic feedback mechanism for all worldwide goods and services that make use of new technologies such as machine learning and blockchain.

Revain uses artificial intelligence algorithms and a human review mechanism to guarantee that reviews are of the highest quality. The protocol's fundamental characteristics are as follows:

  • Genuine reviews: Revain's website features solely original information from a varied selection of professionals.
  • Stable system: the protocol is based on two distinct tokens, the REV and the RVN, which ensures the system's stability. The RVN token aids in the facilitation of interactions between platform users.
  • Immutable data: Neither normal users nor Revain itself can alter the data of other users.

 

Component Revain (REV)
Technologies Dual tokens, IBM Watson Tone Analyzer
Market Capitalization $773.1 Million+
Open-Source Yes
Consensus Mechanism
Smart Contracts Yes
Founders/Authors Rinat Arslanov, Grigor Aproyan, Alexey Belashenko
Launch Date 2018
Circulating Supply of Coins 85,061,485,690 REV
Maximum Coin Supply None
Mining-based Coin? No
Is Revain a Stablecoin? RVN is a Stablecoin, while REV is tradable
Does Revain have a burn rate? No
Does Revain have a Whitepaper? Yes, the whitepaper can be viewed here

 

Evolution and Development of Revain

Rinat Arslanov launched Revain in 2018, and the company is headquartered in Moscow, Russia.

The Revain team was first financed via a crowd sale in August 2017, generating around $8.5 million in the equivalent of $8.5 million through the sale of R tokens. In April 2020, the Revain team completed a token migration, exchanging all R tokens for the new REV token.

 

What makes Revain unique?

The Revain project utilizes a five-star rating system to assess the performance of businesses, goods, and services and seeks to improve upon conventional feedback forums by enforcing rigorous review submission standards.

Anyone may submit reviews to the Revain platform, which are then subjected to a three-step evaluation process:

  • Filtering via Artificial Intelligence (AI) — All submission data is first processed by a Review Automatic Filtering (RAF) system designed to identify spam, fraudulent reviews, and plagiarism.
  • Manual Verification – The review is then given to the firm or project for approval, at which point it may be seen, commented on, and accepted or rejected.
  • Moderation – When a disagreement arises, moderators examine and provide a final decision on a review. At this point, moderators may punish or suspend firms or writers for hostile behaviour.

 

After a review has been filtered, a reference to it is published to and protected by the blockchain. Rewards and Reputation Review writers are compensated in Revain's RVN cryptocurrency and experience points for successfully writing reviews, getting comments, and earning likes.

Authors may acquire access to more services, jobs, or awards as they collect experience points. Additionally, users and organizations may face penalties and fees for providing inaccurate reviews or fraudulently reporting accurate reviews.

Notably, the RVN cryptocurrency, unlike Ravencoin's RVN cryptocurrency, cannot be sold on the open market. To transfer their RVN to an exchange and get reimbursed for their effort, users must convert it to REV.

 

What are the main uses for Revain?

Revain is a dual-token system that requires RVN and REV tokens to function optimally. The REV cryptocurrency is critical to the Revain platform's operation and may be used to transfer, receive, and exchange RVN tokens.

By acquiring REV, businesses and consumers acquire the opportunity to change their tokens into the RVN dollar-pegged asset, which is utilized to compensate writers for writing evaluations about firm goods and services.

Additionally, writers who get RVN tokens must convert them to REV tokens before cashing out their rewards.

 

What is the future potential for Revain?

Revain has forged several excellent alliances that bolster the project's legitimacy. There are far too many to list here, but among the most notable are Revain's partnerships with Kucoin, DigiFinex, and Uniswap exchanges, as well as its integration with Kucoin, Hyperion, Zilliqa, Ravencoin, and Fusion.

With the tremendous success and popularity of online review platforms such as Trust Pilot, Revain has established a first-mover advantage in this area for crypto services by using blockchain technology to build up its platform.

Revain has already experienced tremendous growth and success as a project, and as cryptocurrency and blockchain adoption becomes more widespread, the platform could continue to grow exponentially, as Revain has situated itself well to become the trusted “go-to” location for consumers, especially those looking for provable and honest reviews about products and services they may consider using.

The number of businesses actively engaging on the Revain platform has increased dramatically, from only 5,300 businesses and 35,000 reviews in April 2022 to over 15,500 businesses and 72,000 reviews as of this writing.

Revain provides an excellent platform where users are compensated and incentivized for their time and effort in writing truthful and helpful reviews while also making it fun and motivating through the platform's gamification, which encourages users to write reviews for the burgeoning crypto ecosystem.

Revain has successfully overcome the shortcomings and issues associated with traditional review websites. This has effectively eliminated many of the issues associated with fake and paid reviews by businesses.

In addition, it also eliminates reviews posted by bots and fake profiles, thereby providing a much-needed remedy and service to the consumer reviews industry, ensuring transparency, honesty, and protection for both consumers and businesses.

 

Price analysis on Revain

Revain was initially launched in 2018, and its price analysis over the past four years are as follows:

 

  2018 2019 2020 2021 to date
REV Price High $4.06 $0.275 $0.042 $0.049
REV Price Low $0.08 $0.04 $0.010 $0.005
Market Cap $749.85M $133.29M $991.48M $4.17B

 

Price prediction on Revain

REV, Revain's token, reached an all-time high of slightly over $4 per token soon after its February 2018 introduction. As is the case with many tokens, REV plummeted sharply upon introduction as early investors attempted to profit, plunging below $0.005, where it stayed stable for many years.

Since then, the REV token has been stable in comparison to the rest of the altcoin market over the bear market years but has risen to the $0.049 price level early in the 2022 favourable market before collapsing with the rest of the market during the May correction.

 

Which wallets are the best option for storing Revain?

The best options to store, send, and receive Revain tokens are:

  1. TON Crystal Wallet
  2. Blockchain Wallet
  3. Trust Wallet
  4. Coinomi
  5. Atomic Swap Wallet

 

1. TON Crystal Wallet: TON Crystal Wallet is a multipurpose wallet and FreeTON decentralized application transport for Chrome that enables you to securely store your money on the TON blockchain.

The wallet has an intuitive UI, supports all standard multi-signature formats, and lets users store an unlimited number of seed phrases.

 

2. Blockchain Wallet: Blockchain Wallet is a popular bitcoin wallet that is accessible through the web and mobile devices. It is compatible with Windows, Linux, macOS, iOS, and Android, and it supports a range of cryptocurrencies.

In addition, Blockchain Wallet also offers a range of exchange options amongst several other functions.

 

3. Trust Wallet: Trust Wallet is a cryptocurrency wallet for a wide range of ERC-20 tokens that is available for iOS (Open Source) and Android (Closed Source).

The Trust Wallet stores the user's private keys on the computer's hard drive and is built using open source and audited code. It also has a decentralized exchange, which is offered by the Kyber Network.

 

4. Coinomi: Coinomi, founded in 2014, is the world's first multi-asset wallet, with millions of active monthly users. Notably, there is no record that any Coinomi wallet has ever been hacked or compromised.

Coinomi is a security-first, multi-asset wallet available on mobile and desktop that supports and gives actual ownership of up to 125 blockchains.

 

5. Atomic Swap Wallet: Atomic is a multi-currency decentralized wallet for Windows, Mac OS, and Linux. The wallet makes use of BitTorrent technology for its decentralized order book and atomic swap technology for custody-free cross-chain transactions.

Additionally, Atomic wallet supports two quick exchange services: Changelly and ShapeShift.

Best Bitcoin Wallets are the same as Revain wallets.

Where can you buy Revain?

Revain tokens can be bought, sold, and exchanged on:

  1. KuCoin
  2. BitMart

 

1. KuCoin: Cryptocurrency traders with experience can make the most of KuCoin's comprehensive features, minimal costs, and diverse coin selection. KuCoin offers a far larger assortment of cryptocurrencies than many exchanges or brokerages. Additionally, KuCoin has some of the lowest trading costs on the market.

 

PROS CONS
The exchange has some of the lowest fees There are limited educational resources
There is a wide range of digital assets offered The exchange is not suited to new traders
Users can earn interest on their crypto through the exchange There are limited payment methods
Decent customer service is available The exchange does not accept US clients
There are several advanced trading features offered  
The exchange has a strong customer base  

 

2. BitMart: One of the world's most popular digital asset trading platforms is the BitMart exchange, which has over 5.5 million members worldwide. It is a prominent digital asset exchange that allows users to swap digital currencies for other popular assets, including fiat currencies such as the USD, EUR, and others.

 

PROS CONS
The exchange is regulated to operate in the United States The exchange has not yet been battle-tested
There are a plethora of digital assets available There are still some major currencies that must be listed on the exchange
The trading costs are reasonable  
There is an innovative and user-friendly user interface  
There is a comprehensive financial system on the exchange  
It is a leading exchange with a high trust score  

You can buy Revain safely from these cryptocurrency platforms.

What can Revain smart contracts do?

Revain suggested a system of smart contracts that interact with one another and enable the blocking or reversal of digital asset transfers in reaction to security breaches or other defined situations.

This is accomplished by presenting three blocks rather than a single, smart contract. The first one oversees interacting with people and ensuring a consistent user experience, and it is never modified or improved.

The second oversees any logic and data that might jeopardize the digital asset, and the third oversees associating digital asset holders with their balances.

Each smart contract has the potential to be dangerous on its own. When we have a system comprised of three smart contracts, the risk is multiplied by three.

That is why the Revain devs were certain that the platform needed to engage a cybersecurity provider to evaluate and assess the smart contract source code for exploitable vulnerabilities and design faults.

Risks of digital asset loss should never be included in the programming, and therefore Revain partnered with Kaspersky Smart Contract Audits.

 

Is Revain a Good Investment?

Yes, Revain is a good investment.

These reviews on Revain are irreversible, which means they cannot be deleted or modified. However, after a month of demonstrating dedication to the platform, Revain permits higher-level writers to change their reviews.

This is recorded on the blockchain, with an endlessly preserved copy of the original review. Additionally, Revain is enhancing the user experience via the use of artificial intelligence (AI) technologies. Additionally, this enhances the credibility and objectivity of corporate evaluations and ratings.

The Revain review platform is equipped to handle any kind of business review. Having said that, during its first stages of development and launch, Revain was used to analyse cryptocurrency sites.

As such, the Revain crypto review platform is rapidly establishing itself as the go-to option for customers looking to verify the validity and user experience of new and established crypto platforms.

 

What is the supply and distribution of Revain?

The platform began with the R and RVN coins. On March 26, 2020, however, the corporation exchanged R tokens for REV tokens owing to the difficulties of incorporating the former into other blockchains. The REV and RVN coins are now being utilized on the platform.

The RVN token is a stablecoin that has not been placed into general circulation. On the other side, the REV token is entirely marketable. On the platform, registered businesses may utilize the REV token to reward writers for posting reviews.

The REV coin is based on the Ethereum ERC-20 standard, as well as the TRC20 and BEP20 standards. REV is a utility token that may be used to compensate writers.

 

Is Revain a viable Alternative Coin?

Yes, Revain is a good alternative coin.

  • Hacking – Revain does not have a history of hacking. In addition, smart contracts are protected against vulnerabilities through strategic cyber security partnerships.
  • Security – Revain has robust security, and smart contracts are also protected against attacks.
  • Technology – Revain employs innovative technology, and the blockchain project is incorporating Machine Learning and Artificial Intelligence as well.
  • Potential Investment – Revain is currently the only review platform of its kind, making it a good potential investment.
  • Future Uses – Revain has several potential applications in the blockchain market.

Any cryptocurrency that isn't Bitcoin is referred to as an altcoin.

What are the differences between Revain and Bitcoin?

Bitcoin is the first cryptocurrency that was launched in 2009 by an individual or group of individuals operating under the pseudonym Satoshi Nakamoto. In the aftermath of the 2008 financial crisis, Bitcoin was offered as an alternative to the conventional financial system.

In contrast to banks, the Bitcoin network is a decentralized and completely anonymous peer-to-peer payment and transaction system that is constructed in such a manner that it is almost difficult for a single institution to obtain control of it.

Revain is a review platform that leverages blockchain technology to organize and reward user comments on goods and services.

Revain, like other review sites such as Yelp and Trip Advisor, invites independent writers to post evaluations and assign them scores.

 

  Bitcoin Revain
Price change 20/21 +400% -30%
Market Cap $800 Billion+ $773.1 Million+
Past Hacks None None
Popularity Very High
Altcoin Rank #1 – Original Crypto #110

 

What are the differences between Revain and Ethereum?

What distinguishes Ethereum from other cryptocurrencies is its unique programmable technology, not the fact that it is another cryptocurrency.

Ethereum's currency value is referred to as “Ether,” and like Bitcoin, it can be purchased and sold, as well as utilized by investors to engage in initial coin offerings (ICOs).

Ethereum is a programmable blockchain where projects, tokens, Decentralized Applications (DApps), and smart contracts can be launched. Revain is a recognized platform that provides unbiased user reviews of blockchain-related items.

Additionally, it assesses other projects such as DeFi applications, cryptocurrency exchanges, and digital wallets, and corporations utilize the REV token to compensate experienced writers for providing candid assessments of their goods.

 

  Ethereum Revain
Price change 20/21 +880% -30%
Market Cap $460 Billion+ $773.1 Million+
Past Hacks None None
Popularity Very High
Altcoin Rank #2 #110

 

What are the differences between Revain and Dogecoin?

Dogecoin is the most popular meme coin in the cryptocurrency market today. Even though it was initially developed as a joke because of the Bitcoin hype back in the day, it has seen widespread support and acceptance as a medium of exchange.

Revain is the world's first blockchain-based review platform where anyone can provide reviews on products and services, allowing them to earn rewards for providing honest, accurate feedback on companies.

 

  Dogecoin Revain
Price change 20/21 +7,300% -30%
Market Cap $22 Billion+ $773.1 Million+
Past Hacks None None
Popularity High
Altcoin Rank #12 #110

 

What are the differences between Revain and NEO?

Neo was initially launched in 2014 under the name Antshares but was rebranded in 2017. Neo aims to become the first blockchain project to create a smart economy that uses smart contracts to equally distribute digital resources.

Revain is an innovative and active review platform that leverages blockchain technology to organize and reward user comments on goods and services.

 

  NEO Revain
Price change 20/21 +160% -30%
Market Cap $1.70 Billion+ $773.1 Million+
Past Hacks None None
Popularity Medium
Altcoin Rank #69 #110

 

What are the differences between Revain and NFTs?

Nonfungible tokens (NFTs) are digital assets that each have a unique value, with no two NFTs holding the same characteristics or value as another. Revain, on the other hand, is fungible, which means that one REV has the same value and characteristics as another REV.

 

What are the differences between Revain and Solana?

Solana processes more transactions per second and offers cheaper transaction costs than Ethereum. Solana is a Proof of Stake blockchain that also employs Proof of History (PoH).

People are searching for Ethereum alternatives, which has fuelled Solana's rise. The second-biggest cryptocurrency, Ethereum, was the first to implement smart contracts. However, several new projects offer this function today.

Revain was launched in 2018 as a cryptocurrency community review and feedback site. Revain has evaluations of projects, crypto exchanges, digital wallets, NFT games, casinos, mining pools, and cards.

Each review category rates companies based on user reviews and ratings. Revain's objective is to provide honest and excellent consumer feedback on all global blockchain products and services.

 

  Solana Revain
Price change 20/21 +9,300% -30%
Market Cap $54 Billion+ $773.1 Million+
Past Hacks None None
Popularity Very High
Altcoin Rank #5 #110

 

What are the differences between Revain and Cardano?

Cardano is a blockchain and cryptocurrency which is governed by the Cardano Foundation, which is based in Zug, Switzerland, with offices in New York and London. Among the Foundation's primary responsibilities is to standardise, protect, and promote the Cardano Protocol technology.

Revain was founded in 2018 as a blockchain-based review and feedback platform for the cryptocurrency community. Revain is divided into seven parts that include reviews of a wide range of projects, crypto exchanges, digital wallets, NFT games, casinos, mining pools, and cards.

Each review area ranks businesses according to their user rating and review count. Revain's mission is to deliver honest and high-quality customer feedback on all worldwide blockchain goods and services using developing technology.

 

  Cardano Revain
Price change 20/21 +2,100% -30%
Market Cap $42 Billion+ $773.1 Million+
Past Hacks None None
Popularity Very High
Altcoin Rank #7 #110

 

Is Revain the only blockchain-based review platform?

Revain is currently the only blockchain-based review platform that employs several unique technologies, providing users generous rewards for participation on the platform in providing accurate, honest reviews about services and products.

 

How are low-quality reviews filtered out on Revain?

When reviews are submitted to Revain, they go through a three-step evaluation. During the first stage, Artificial Intelligence is used to identify spam, fraudulent reviews, and plagiarism.

If reviews contain any of these characters, they will be discarded and will not move onto the next step, which is Manual Verification.

 

Are there limits for reviewing products on Revain?

Yes, a single user can publish up to 20 reviews per day.

In addition, there are also limits on the rewards given for reviews as follows:

  • Level 1-9 individuals gain 20 XP and 0.5 RVN for their first, second, or third evaluation of a Featured Company, while Experts get 1 RVN.
  • Level 1-9 people gain 10 XP for submitting a fourth or higher evaluation of a Featured Company, while Experts get nothing.
  • Level 1-9 individuals earn 10 XP and 0.5 RVN for their first, second, or third review of a normal or product firm, while Experts get 1 RVN.
  • Level 1-9 consumers earn 10 XP for posting a fourth or higher evaluation of a standard firm or product, whereas Experts get nothing.
  • Level 1-9 users gain 0.1 XP every like on their content.
  • Level 1-9 users gain 0.5 XP for each remark.

 

Can anyone publish reviews on Revain or only users?

Anyone can submit a review on the Revain platform. Every review is subject to an evaluation process that filters spam, rejects fraudulent reviews and identifies any plagiarism.

The next step involves a manual verification where the review is given to the product manufacturer or service provider, allowing them to view the review, comment, and accept or reject it.

If any disagreements arise from the review, moderators will examine and offer a final decision.