REV meaning in Cryptocurrency ?
Answer: What Is Revain (REV)?
Revain is an online platform for Ethereum blockchain-based tokens reviews, designed to allow developers to receive constructive feedback about their projects. The protocol also incentivizes authors to provide high-quality reviews.
Revain was the first platform to combine the features of traditional review sites and blockchain technology. Revain’s ultimate goal is to create a legitimate and genuine feedback structure for all global products and services that utilize emerging technologies, such as machine learning and blockchain.
Revain implements artificial intelligence tools and a manual review system to ensure the high quality of reviews. The core features of the protocol include:
Legitimate reviews: Revain uses only original content from a diverse range of experts on its website.
Stable system: the protocol runs on two different tokens, the REV and the RVN, allowing for smooth functioning of the system. The RVN token helps facilitate interactions between users on the platform.
Immutable information: The system does not allow both regular users and Revain itself to edit the information of other users.
Who Are the Founders of Revain?Revain was established in 2018 by a group of technology experts from Moscow, Russia.
The platform was founded by Rinat Arslanov, who is also its current CEO. Arslanov is a venture capitalist and an entrepreneur with more than ten years of experience in the blockchain industry.
Other notable team members include the CFO Grigor Aproyan, the COO Aleksey Belashenko; the CTO Andrew Timokhin, the product owner Dmitry Bogachev, the designer Vlad Bocharov, the digital manager Ksenia Fendich, and the account manager Tatiana Muntyanu.
What Makes Revain Unique?Since its inception in 2018, the platform claims to have achieved the largest number of user reviews in the industry. Revain’s protocol consists of seven major blockchain divisions: projects, casinos, exchanges, mining pools, wallets, cards, and games.
What differentiates the platform from other blockchain-based projects is that it utilizes two tokens to increase its efficiency. Another major component of Revain is its integration with the IBM Watson Tone Analyzer.
Revain also allows companies to determine specific criteria for evaluating the quality of user-provided reviews. For instance, a company might require their reviewers to attach proof, increasing the credibility of reviews. Reviewers who fail to do so will then stand the risk of having their reviews rejected by the protocol.
How Many Revain Tokens (REV) Are There in Circulation?Initially, the platform started out with the R and RVN tokens. However, on March 26, 2020, the company swapped R for REV tokens due to the difficulty of integrating the former into other blockchains. The tokens currently used on the platform are the REV and RVN.
RVN token is a stablecoin and is exclusive to the platform, as it has not been released into open circulation. The REV token, on the other hand, is fully tradable. Registered companies on the platform can use the REV token to incentivize authors to write reviews.
The REV token is based on Ethereum’s ERC-20 standard, TRC20 and BEP20. REV is a utility token and is used for rewarding authors. As of February 2021, there are 85,061,485,690 REV in circulation.
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Have a look at the CoinMarketCap blog.
Where Can You Buy Revain (REV)?There are several major exchanges that support REV trading, including:
HitBTCBitMartDigiFinexHBTCKuCoinIn addition, the gamification system on the platform allows users to earn RVN tokens as a reward for providing genuine reviews. If you are interested in learning more about buying Bitcoin and other cryptocurrencies, see our guide here.
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