What Is Revain (REV)?
REV is the native token of Revain which is an unbiased review platform designed for rating Ethereum-based tokens. The platform is based on TRON and Ethereum. If you’re interested in the current REV price, you should check out the Revain price chart.
Revain provides token developers with high-quality assessments of their projects since reviewers are encouraged by rewards to give sincere and constructive feedback. Besides, the evaluation criteria can be determined by companies seeking reviews.
Also, it’s important to note that every review goes through a three-step filtering process, which includes:
- AI filtering. The submitted data is reviewed by the Review Automatic Filtering (RAF) system, which filters out plagiarism, false information, and spam.
- Manual Verification. Revain employees manually check the reviews and can either approve them for further verification or reject them.
- Moderation. In this stage, moderators decide how reviews, which were approved in the previous steps, will proceed. If they find any malicious activity at this stage, they can penalize reviewers.
The Revain network also contains a gamification system that was implemented in 2022. It provides users with the possibility of earning XP tokens by interacting with the platform. This allows them to raise their level and gives them different rewards for each new level. Overall, there are six different levels. A unique promotion score is assigned to every reviewer at each of the system's six tiers.
Besides, all user information on the platform is immutable. This means that neither the Revain platform itself nor other users have a right to alter your information.
Apart from REV tokens, Revain also uses RVN tokens. RVN is a stablecoin pegged to the US Dollar. It can be used to penalize Revain users or to reward them.
The Revain protocol is divided into distinct types of blockchain-based projects, including:
- Casinos
- Exchanges
- Mining pools
- Wallets
- Cards
- Games
- Projects
This allows users to find the reviews their searching for in a more convenient way.
Lastly, note that Revain also offers such products as Revain Academy and Revain Widget. Revain Academy is an educational tool for those just entering the blockchain and cryptocurrency space, while Revain Widget is a tool that allows companies to integrate Revain reviews into their websites.
Overall, the Revain crypto project aims to develop a reliable and authentic feedback framework that could be utilized for all products which make use of cutting-edge technologies.
The Founder of Revain
Rinat Arslanov founded Revain in 2018. He has a degree in economics. Overall, he is an entrepreneur and venture capitalist. Besides, he is a seasoned blockchain technology enthusiast.
The core team behind Revain consists of such Russian technology experts as Grigor Aproyan, Aleksey Belashenko, Andrew Timokhin, and others.
The Purpose of REV tokens
REV tokens were initially released as R tokens. However, in March 2020, they were swapped for REV tokens. REV tokens are based on ERC-20, BEP-20, and TRC-20 token standards. They are the driving force of the Revain protocol and are mainly used to reward reviewers for their effort.
However, REV tokens can also be used to transfer RVN tokens to exchanges. Besides that, they can be used to transfer value by receiving, sending, and exchanging REV, thus, acting as a medium of exchange.
Again, I suggest you analyze the Revain price chart if you want to see how the REV price changes over time.
Tokenomics of REV
The initial coin offering (ICO) of REV tokens (at that time R tokens) was held in August 2017. It managed to raise $8.5 million. Though note that REV coins have an inflationary nature since there’s no max supply set. This means that more new tokens can be created. However, if the supply does not match the demand, REV price might decrease.
If you've decided to purchase Revain coins, don't forget the fact that the REV price is prone to change. Why? Mostly because the value of Revain, just like the value of most tokens, gets easily affected by the volatility of the unpredictable crypto market.
