What is Revain and how it works?
Many investors are interested to learn about Revain as it is more established than Shiba, SafeMoon, Dogecoin, and other cryptocurrencies.
Revain or R token was launched in the market in 2018 as an Ethereum-based token. It was founded by a group of technology experts from Moscow, Russia. The platform was founded by CEO Rinat Arslanov, who is an entrepreneur and venture capitalist with over ten years of experience in the blockchain industry.
Coming back to Revain, it is a blockchain-based review platform. According to Revain, 20-60% of all reviews for online merchants are fake. This is where Revain comes in as it uses blockchains’ public ledger technology to create the very first unbiased feedback platform.
Revain is an ERC20 token, which means it runs on the Ethereum blockchain. To be more precise, it is designed to provide developers with constructive and helpful feedback about their creations.
The project consists of 7 primary blockchain divisions including wallets, games, cards, mining pools, exchanges, casinos, and projects. It comes with a dual-token system that includes the REV and RVN tokens.
The RVN token is a stablecoin that is used exclusively in the Revain ecosystem. On the other hand, the REV token is openly tradable and is meant for incentivizing authors to write reviews. It also aims at companies to onboard their projects.
Since the time of its inception in 2018, Revain has achieved the largest number of reviews in the industry. The seven major blockchain divisions comprising the protocol are what make it unique. The seven divisions include casinos, projects, mining pools, games, exchanges, wallets, and cards.
What makes it different from other existing blockchain-based projects is that it uses two tokens to increase its efficiency. Not just that, but Revain is also integrated with the IBM Watson Tone Analyzer.
Revain also lets companies determine the specific criteria for evaluating the user-provided reviews. For instance, a company may ask their reviewers to attach proof, so that they can increase the credibility of reviews. In case, reviewers fail to do so, their reviews would get rejected by the protocol.
Just so you know Revain (REV) is the 1338th largest cryptocurrency in the world in terms of market cap. It is valued at $5,155,747 and the current price of the token is $0.01062618. Prices range between $0.0110686 and $0.01052463 over the past 24 hours.
Revain Token Details
Initially, the Revain platform started with the RVN and R tokens. But in 2020, the company swapped R for REV tokens. That’s because they found it difficult to integrate the former into other blockchains. Currently, they use REV and RVN tokens on the platform.
RVN token is a stablecoin and is kept exclusive for the platform. In other words, it has not been released into open circulation whereas the REV token is fully tradable. It is used by registered companies on the platform to incentivize authors to write reviews.
As already mentioned once, the REV token is based on the ERC 20 standard, TRC20, and BEP20. It is a utility token and is used for rewarding authors. As of 2021, there are a total of 85,061,485,690 REV tokens in circulation.
The value or price of the REV live token is USD 0.010762 with a 24-hour trading volume of USD 2,642,959. Revain is down 2.19% in the past 24 hours. The current CoinMarketCap ranking of the token is #99. It has a live market cap of USD 915,441,934, while the circulating supply of 85,061,485,690 REV coins and the max.
How to buy a Revain token?
Revain token is more established than other popular tokens like Dogecoin, Shiba, etc. If you are interested to buy a Revain token, you must follow the steps given below.
Look for a suitable cryptocurrency exchange
The very first thing you need to do is find an exchange that supports both cryptocurrency and fiat. This will make the Revain buying process easier.
Create an account
Once you find a reliable exchange, you need to create an account on the exchange. Make sure that it supports the REV token.
Get the documents ready
Now compare the popular options. Also, remember that most exchanges require your phone number, email address, and proof of ID to register. So before you start creating an account make sure you have all the documents handy.
Choose a payment method & deposit funds
In this step, you will deposit funds into your account. But before that, you need to link your bank account with your exchange account. Alternatively, you can also use a debit card or credit card to complete the transaction. Not just that, but you can also use cryptocurrency from a crypto wallet to buy Revain.
Make your purchase
Once you have the payment method sorted, you are now ready to buy Revain. Complete your purchase and then find the best wallet to store the REV tokens that you just bought.
By following these simple steps, you can buy REV tokens. It should be reminded that the REV token is new and therefore, it involves higher investment risks.