What is Revain? Overview of REV . cryptocurrency

• What is Revain?
• What problem was Revain created to solve?
• How Revain works
• Revain's rating system
• Revain's Reward Mechanism
• Features of Revain
• Revain . project development roadmap
• Revain . project development team
• Learn Revain's Cryptocurrency
• Two tokens of Revain
• Basic information of the REV . token
• Where to buy, sell and store Revain coins safely today
• Should I invest in Revain or not?
• summary

In the real world, we often make purchasing decisions based on reviews from previous buyers. This is very common in evaluating a product, service or business. So what about in the blockchain space? The answer is also yes, even the reviews are more public and transparent. Prominent among the development platforms in this field is Revain. So what is Revain? Are the reviews through Revain really potential and transparent? What role does the REV token play? All these questions will be answered by TraderH4 in the article below. 

What is Revain?

Revain is a platform that combines today's leading technologies including blockchain technology, AI and IoT for users to make user reviews about products or services in a transparent and fair manner. In addition to Revain, there are other prominent review platforms such as Yelp and Trip Advisor, which encourage users to write independent, objective reviews. 

Revain is built on the Ethereum platform, providing an immutable rating system for evaluating applications and exchanges in and out of the blockchain space. Businesses and projects also encourage users to leave feedback on the quality of products and services. Revain's ultimate goal is to provide authentic and high-quality user feedback on all global products and services.

What problem was Revain created to solve?

Currently on online review platforms there are a number of outstanding problems such as: Fake accounts, spam, untrue paid reviews... Besides, review sites do not transparently, edit or remove posts that are detrimental to our products and services. Because of that, customers have almost no interest in leaving reviews because it doesn't get anything but also wastes more time. 

Revain sought to eliminate this reality and sought to put in place a rating system that was as objective and transparent as possible. 

•  To realize that ideal, Revain uses blockchain technology to ensure decentralization, transparency, immutability (non-editable) and encourages users to leave reviews about services/products.
• Previously, articles had to go through a high-level screening process using IBM Watson's AI. That purpose is to identify unhealthy, malicious reviews and promptly stop them before posting on Revain's ledger. 
• In addition, to ensure transparency Revain uses the Ethereum blockchain to store snapshots of initial reviews. This helps to collate, compare and ensure posts have not been changed or deleted over time. 
• Customers who leave a review will also receive the project's REV token as a small reward, incentivizing the user's review activity. 

How Revain works

To better understand Revain's rating system, let's dive into the details of how the project works. 

Revain's rating system

First, any user after purchasing a product or experiencing a service can leave a review on Revain's website. These reviews will then be filtered according to the following process: 

• AI Filtering : All reviews, input data will be run on the Review Automatic Filtering (RAF) system. The purpose of this AI filtering is to eliminate spam articles, fake reviews or signs of plagiarism. In this step, a large part of the malicious content has been removed. 
• Manual Verification : AI-filtered reviews will be sent to businesses, organizations, and projects for approval, comments, and a decision to accept or reject.
• Moderation : In the event of a dispute between the two parties, a moderator will be included to investigate, evaluate and make this decision. Once the truth has been exposed organizations, businesses, projects or users will be penalized for publishing false, malicious content. Even in severe cases they will be suspended. 

Revain's Reward Mechanism

For users who have had successful reviews will receive RVN tokens and experience points. When the accumulated experience points are large enough, users will have access to more new services and tasks to conquer bigger rewards. On the other hand, users and organizations can completely be fined and have to pay fees if they submit inaccurate and untrue reviews. 

Features of Revain

Usually a project will only use a single token, but Revain has 2 tokens, RVN and REV. Each token will have different roles and tasks. Specifically, the RVN token will be used to operate the project's ecosystem (reward, penalty). Meanwhile, the REV token is used to trade on exchanges or change to the cryptocurrency of ICO projects on Revain. In addition to tokens, Revain also has the following outstanding features:

• Using artificial intelligence: Revain's assessment service has close cooperation with leading high-tech AI systems of IBM (International Business Machines - multinational computer technology corporation).
• Quality of Reviews: The combination of AI and blockchain technology both ensures that reviews are public and transparent, while eliminating spam and malicious reviews. The use of blockchain technology on the Ethereum platform makes it impossible for reviews to be deleted or changed.
• Compensation mechanism: For useful reviews that have passed strict censorship conditions, they will be rewarded appropriately. This encourages users to actively rate and bring value to the community. 
• Automatic filtering mechanisms all use machines and technology to detect fake posts, spam, and malicious content. 
• Fair system: Another highlight of the project is using the Project and Smart Contract features to have a fair and unbiased evaluation system for reviews. 
• Quality feedback for organizations and businesses: Giving accurate assessments of product and service quality not only helps new users have a basis to evaluate options, but also helps businesses improve quality. products from real users. 

Revain . project development roadmap

Revain has completed the milestones set out in the 2018 road map. However, since then the project has not updated more about the important milestones in the development roadmap of Revain. 

Revain . project development team

Revain is an enterprise led by Rinat Arslanov and headquartered in Russia. Below is information of some important characters in Revain. 

• Rinat Arslanov is the Founder and CEO of Revain. He is a famous businessman in the market with more than 10 years of experience in venture capital, blockchain space and business.
• Alexey Belashenko is the COO of Revain. Alexey is responsible for management and participates in the planning and development of the company's strategies.
• In addition, there are many other important members such as: CFO Grigor Aproyan, COO Aleksey Belashenko, CTO Andrew Timokhin and Alexey Abramov as Head of Development of Revain.

Learn Revain's Cryptocurrency

Two tokens of Revain

Initially, Revain launched two tokens R and RVN. However, on March 26, 2020, the R token changed its name to REV and integrated with TRC-20 and BEP-20 standards, because it was previously difficult to integrate with other platforms. 

• The RVN token is a platform-exclusive stablecoin and is pegged to USD to reward users and companies during Revain's review. 
• REV is Revain's primary utility token and is fully tradable. Companies registered on Revain can use REV tokens to incentivize authors to write reviews. 

Basic information of the REV . token

• Ticker: REV
• Contract: 0x48f775efbe4f5ece6e0df2f7b5932df56823b990
• Decimal: 0
• Blockchain: Ethereum, Tron, Binance Smart Chain
• Token Standard: ERC-20, TRC-20, BEP-20
• Token type: Utility token
• Circulating supply: 85,061,485,690 REV
• Total supply: 85,061,485,690 REV

Where to buy, sell and store Revain coins safely today

The project has been on the market since 2017, but there don't seem to be too many exchanges that list and support this token trading. Specifically, there are some exchanges that support REV trading such as Crex24, ProBit Global, Bittrex , KuCoin... And there are only 3 currency pairs that support REV, which are REV/USDT, REV/USD and REV/BTC.

REV tokens can also be stored on popular wallets such as: 

• Hot wallets: On exchanges that have listed REV tokens.
• Web Wallet: Myetherwallet, Mycrypto, Metamask.
• Hardware Wallet: Ledger Nano S, Trezor.
• Mobile Wallet: Atomic Wallet, Trust Wallet, ImToken.

Should I invest in Revain or not?

TraderH4 will synthesize some information for you to self-assess and make a decision whether or not to enter Revain's REV. 

• Revain's Business Model: Revain's goal is to become an online marketing platform like Yelp - a prominent social network with application for reviewing locations, products... 
• The goal of the project is to become a marketing platform in the form of an online review platform like Yelp (a famous social network, featuring an application for reviewing places, products, etc.). Based on blockchain technology, Revain wants to bring the most honest and quality reviews, improve the consumption of products and services of partner businesses.
• Road map: The project only released a roadmap in 2018, but since then, it has not given any information about the new development roadmap. 
• Mainnet: The project has no plans to launch the Mainnet.
• The total supply of REV – more than 85 billion tokens have been circulated in the market. 
• The REV token performed best in 2018 when the token price hit $4 at one point. However, the total supply was inflated from R484,450,000 to over REV 85 billion during the transition which made the token inactive after this period. Notably, 2021 is a boom year for the whole market, but REV only reaches 0.04 USD. This is the critical point of failure for REV and Revain. 

summary 

Above is all information about the Revain platform with the ambition to revolutionize the “online review” industry and the main token REV. Although it was highly appreciated at the time of its launch from 2017 to 2018. However, after this period, Revain has had somewhat less effective operations. So you need to research carefully before making a decision, especially when the market is still in a downtrend. Let's accompany TraderH4 to find out other potential projects in the cryptocurrency market!