What is Revain?
Revain is a revolutionary review platform that utilizes blockchain technology to enhance the credibility and transparency of online reviews. The platform aims to create a more reliable and trustworthy system for users to share their experiences and opinions about products, services, and businesses. Revain is designed to be a one-stop-shop for individuals looking for honest and unbiased reviews, while also providing a platform for businesses to gather valuable feedback and improve their offerings.
The platform operates on a dual-token ecosystem, with its native REV token, a utility token, and RVN token, a dollar-pegged stablecoin. The REV token is used to incentivize and reward independent writers for writing high-quality reviews and assigning ratings. The RVN token, on the other hand, is used to compensate users for their comments and contributions to the platform. This ensures that the platform is self-sustaining, with users being rewarded for their participation, and businesses benefiting from valuable feedback.
Revain's history dates back to 2018, when Rinat Arslanov, an entrepreneur with over 10 years of experience in business, venture capital, and blockchain technology, founded the platform with the goal to create an easy-to-use service that would enable companies to receive constructive feedback about their projects. The platform was launched in August 2017 and raised approximately $8.5 million in funding by selling R tokens to build out its platform. Out of the 1 billion R tokens issued, only 70% were allocated during the crowdfunding period, with the remaining allocated to advisors and participants of the Revain bounty program, as well as to Revain team members.
As part of its reward system, Revain review writers are compensated with the platform’s RVN cryptocurrency and can earn experience points for effectively writing reviews, obtaining comments, and gaining likes. As writers collect experience points, they may be able to access new services, tasks, or incentives.
Users who wish to post reviews in order to obtain rewards must first pass the KYC application. Once approved, they can earn between 0.5 RVN to 1.5 RVN per review, depending on the user level and the company they are writing about. Authors may receive additional rewards from companies for their review, as well as for participating in various events hosted by the Revain community.
Revain aims to create a new standard for online reviews, providing a platform that is reliable, trustworthy, and transparent. The platform's innovative use of blockchain technology ensures that reviews are tamper-proof, while also providing a reward system that encourages users to participate and contribute to the community. As the platform continues to grow, it has the potential to become the go-to destination for anyone looking for honest and unbiased reviews, while also providing businesses with the feedback they need to improve their products and services.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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