What is Revain (R)?
Future of R Cryptocurrency and know how to buy R

#1 – What is Revain?

Revain: The Basics

  1. Revain is a blockchain-based review platform which aims to be an unbiased and fair medium for customers to post business reviews.
  1. The platform is said to use blockchain technology to ensure decentralization and unbiased reviews, and AI and IoT to prevent fake reviews and help businesses improve.
  1. Revain’s blockchain does not allow reviews to be changed or deleted, as it stores a snapshot of the original review in the network.
  1. The platform runs on two tokens: R and RVN. Users are paid in RVN which is a stable currency used only within the platform, and R is the external token which is used for exchange and trade. A non-linear conversion mechanism is used to convert RVN to R and vice versa.

Revain Development

  1. The Revain website shows a team of 16 members which comprise the main managing committee behind the cryptocurrency.
  1. The team is headed by CEO Rinat Arslanov, an entrepreneur with over 10 years of experience in various businesses. He is also a venture capitalist and a blockchain enthusiast.
  1. Other team members include Maksim Voronin, who is the CTO, the COO Alexey Belashenko, the Head of Development Alexey Abramov and many others.
  1. The Revain team has a notable advisor to help them out: Dmitri Fedotov, CEO of Resume Games and board member of various tech companies in both the US and Asia. He is an expert in many fields, including drone technology, digital marketing, AI and autonomous robotics.

 

#2 – What are the advantages of Revain?

Revain Technology

  1. Revain uses blockchain technology along with AI and IoT to ensure that reviews received on the platform are unbiased and serve to help the businesses through valuable and useful feedback.
  2. Users are paid by the companies to write reviews on the Revain platform. The amount paid is based on the formula:
    Review Fee (RF) = User Reward (UR) + Platform Fee (PF)
  3. In order to prevent fake reviews, Revain has developed a formula which makes it unprofitable for companies to purchase or generate a large number of artificial reviews. The formula also allows small companies to afford to reward users for their reviews.
  4. This solution depends on the nonlinear dependence of RF on the total number of reviews in the past two weeks. The maximum value of RF is limited to 10 RVN to prevent this value from exceeding the value of the total emission.
  5. Revain also allows companies to set their own standards to assess the quality of reviews, and the companies have every right to reject the reviews if they don’t meet the set standards.
  6. Users are currently allowed to submit a maximum of 5 reviews per day, but this number may increase for select users based on a “user rating” in the future.
  7. 90% of the review fees is deployed as user rewards, which is distributed equally among users every two weeks, the total reward being divided by the number of users being rewarded. The remaining 10% goes to the platform.
  8. The company has a right to reject a user’s review, but users can dispute a rejection, which is handled by a decentralized system of “oracles” – users with a high reputation on the platform.
  9. If the user is able to prove their claim, the company receives a warning and a fine of 10xRF. After 3 warnings, the fourth will lead to the company being blocked from the platform.
  10. Users can receive warnings if three of their reviews get rejected in the automatic filtration process in a two-week period, or five of their reviews get rejected by the company in the same period.
  11. Similar to companies, a fourth warning would block the user from the platform with no means to withdraw the funds they’ve earned till then.

 

#3 – How to buy and store Revain tokens (R)?

How to buy R

Revain tokens can be bought on over 10 exchanges, including Cryptopia, Gate.io, HitBTC, Idex, KuCoin and others. The exchanges primarily accept Bitcoin, but some also accept Ether, Tether, Litecoin, etc as payment for buying Revain tokens (R).

Some exchanges even accept fiat currencies in exchange for the R tokens, including Simex and Yobit, which accept US dollars and Russian Rubles, and C-CEX, which accepts only US dollars.

  1. These are just platforms where you can buy or sell R tokens, but the price often differs between exchanges. CoinSwitch, one of the best cryptocurrency exchange platforms around helps you decide which to buy from by displaying the prices at the exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with your R token, and CoinSwitch will facilitate the comparison on various exchanges.
  2. What’s more - with CoinSwitch, you need not rely on wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

R Storage

  1. Being on the Ethereum blockchain, R can be stored in any wallet which supports Ethereum and other ERC-20 tokens, which are quite a few in number.
  2. Hardware wallets are the most secure, and Ledger Nano S as well as Trezor work for ERC-20 tokens.
  3. Exodus and Mist are desktop wallets for which store Ethereum and tokens on its blockchain. It is compatible with Windows, Linux and Mac operating systems.
  4. Jaxx, another Ethereum wallet, functions as a desktop wallet for Windows, Linux and Mac PCs, a mobile wallet for Android and iOS phones, as well as a web wallet through Chrome and Firefox extensions, making it one of the most versatile wallets around.
  5. MyEtherWallet is its most popular Web wallet, and ETHAdress is one of the paper wallets storing ERC-20 tokens.

 

#4 – What is the future of Revain?

Also Read: Complete Analysis of Revain | Live Revain (R) Price Charts And Predictions

Market Cap and Global Acceptance

  1. The Revain token (R) has a total supply of 1 billion tokens, which were initially distributed as follows:
    1. 70% (700 million) were to be distributed in the crowdsale.
    2. 20% (200 million) were divided among the members of Revain’s team and used to support the development of the platform.
    3. The remaining 10% (100 million) were split between the advisory team and the bounty program.
  2. Revain currently has a circulating supply of 186.45 million R tokens, having a market cap of about $42.46 million USD and a value of about $0.22 per token, as of July 2018.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 24, 2018

0.231002

0.237046

0.216663

0.236867

48,47,730

4,30,70,300

Jul 01, 2018

0.330431

0.35736

0.325346

0.344695

35,51,190

6,16,08,900

Jun 01, 2018

0.519961

0.523528

0.455909

0.47475

13,25,730

9,69,46,700

May 01, 2018

0.92693

0.93415

0.886664

0.933849

36,70,030

17,28,26,000

Apr 01, 2018

0.88421

0.900875

0.791069

0.825314

39,87,020

16,30,93,000

Mar 01, 2018

2.31

2.32

2.11

2.16

1,11,85,900

42,52,08,000

Feb 01, 2018

1.99

2.25

1.38

1.47

36,99,570

36,62,57,000

Jan 01, 2018

0.901402

0.919222

0.83443

0.907538

10,42,040

16,62,64,000

Dec 01, 2017

0.210259

0.227921

0.201753

0.224007

5,20,054

3,87,82,400

Nov 01, 2017

0.087214

0.088396

0.077879

0.077879

1,07,140

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Trends so far

  1. For a cryptocurrency barely a year old, Revain has seen quite a bit of volatility in the short period of its existence. It started with an initial value of $0.78 in the beginning of November 2017, dropping to its minimum of $0.704 the next day. It then increased and fluctuated around $1 in January 2018 before increasing to reach its peak of $4.07 in February 2018.
  2. Its individual price is $0.22 USD as of July 2018, which, with its moderately high circulating supply, gives it a high ranking among cryptocurrencies in terms of market cap. It is ranked at 171 in global market cap rankings as of July 2018.
  3. The Revain token has undoubtedly risen quickly for a cryptocurrency which has just started out. Its idea is unique, and based on an identifiable market need, making it an interesting and potentially popular platform.

 

#5 – What makes Revain different from other cryptocurrencies?

  1. Revain is the first and only cryptocurrency (as of July 2018) to provide a platform for customer reviews and feedback, making it unique and valuable.
  2. Another aspect that makes Revain stand out in the vast and diverse crypto space is the fact that it uses two tokens to keep the internal functioning stable, R being its external token and RVN being its stable internal token.

 

#6 – Should you invest in R?

  1. Revain’s market cap ranking considering the age of the cryptocurrency is pretty impressive and encouraging.
  2. Moreover, the idea is unique, and an unbiased review platform where fake reviews are prevented is something the market sorely needs because customers are often taken in by false reviews and businesses also fail to get proper feedback to work on due to fake reviews.
  3. This need, coupled with the uniqueness of the project gives Revain an edge over other cryptocurrencies, making it a token with immense possibilities.
  4. Investing in R tokens may not give immediate high returns, but its value is bound to appreciate in the future, making it a good possibility for long-term investment.
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