Revain Price (REV)

Right after the launch, the platform focused on the creation of a convenient environment to develop a web application or Single-Page Application (SPA). At this, the company employs widespread frameworks such as Vue.js and Angular along with the React library that delivers all necessary tools to developers who can create high-quality products without effort. Also, to promote the project, Revain had to implement a transition from dynamic rendering to SSR with dehydration. The platform is based on TRON and Ethereum, combining the best technologies of these blockchains to preserve the independence of reviews. With the help of blockchain, Revain makes it impossible to influence unbiased results. However, there is still the possibility of rewarding authors for their feedback.

Revain platform and products

Revain implements a traditional five-star rating system to assess the quality of every service, product, or company performance. The project tries to improve the practice of feedback on the web as it often doesn’t reflect the true state of affairs and can be easily manipulated by service providers or other interested parties. Thus, potential customers don’t get unbiased information and can’t rely on the data available online. Revain has developed a system that makes contributors follow strict procedures when they submit feedback.

With Revain, users have to pass when submitting reviews. The first step includes AI filtering when the RAF (Review Automatic Filtering) system runs through the submitted data to remove spam, plagiarism, and fake facts. To be approved, reviews have to pass through Manual Verification, where Revain employees check it to accept or decline the review for some reason. The final step implies moderation as moderators decide on the future of the review in case it is disputed. At this step, the platform can penalize reviewers or the companies if they detect any malicious activities. After passing through filtration, the review is published on the platform and then secured by the blockchain. Successful reviews are rewarded with RVN as well as experience points. Authors can accumulate experience points and get access to a wider range of services.

In March 2022, the platform introduced a new gamification system, where users also earn XP tokens while interacting with the platform, thus raising their level and getting bonuses for every new level. The system includes 6 levels with an individual promotion score for each author. The best reviewers with the highest score can acquire the Expert status and get to be praised on the main page of the platform. For that, users must have at least 200 reviews generating rewards. The highest level comes with the “Revainer” status with a purple badge. It is necessary to earn 4000 XP to acquire this status. The promotion score also depends on the activity of users, who should post at least one review per month to stay active.

Apart from the platform with reviews and aggregated ratings, the project includes such products as the Revain Widget and the Revain Academy. Revain Widget is a customizable tool for adding reviews to the website so as to inform visitors about the quality of products or services.

Also, i’s worth adding that for security reasons, Revain has introduced multifactor authentication to the platform that includes two stages. Users have to complete a Google Authenticator check and email verification to withdraw tokens from the platform.

Revain cryptocurrencies

The platform has introduced two cryptocurrencies to encourage the members of the community to write genuine reviews. One of the assets is a stablecoin RVN that is pegged to the value of US dollar at a 1:1 ratio. RVN is paid as a reward to authors of reviews for their contribution to the activity of the platform. However, the asset can also be used to penalize users breaking the rules of the platform. Additionally, the company has released the REV token for utility purposes as it is used to encourage reviews. In fact, all operations on the platform are fueled by the REV token. It also serves as a means to withdraw RVN to exchanges.

The REV token is needed to strengthen the Revain platform and unite its products. Users can also receive, send, and exchange this token which makes it a means of value transfer. Token holders can use REV to convert it to the dollar-pegged asset and to reward authors who write reviews and help to improve the content of the platform. Afterward, authors can exchange RVN tokens for other assets and cash out their profits. REV is listed on numerous exchanges such as Bitexlive, Emirex, HBTC, Coinsbit, DEX-Trade, BitMart, Bilaxy, Atomars, CREX24, Indoex, and others. Also, REV is supported by Uniswap.

Revain team and partners

Rinat Arslanov, the co-founder and CEO of Revain, graduated from the Plekhanov Russian University of Economics. Previously, he worked in the residential construction industry. That experience let him see how feedback was useful, as one positive review brought the company 3-4 orders without additional expenditures on advertising. Then he witnessed how the moderator deleted 100 reviews with just one click. This is how he invented a platform where reviews can’t be deleted. Grigor Aproyan, another co-founder and CFO at Revain, studied in Bauman Moscow State Technical University and Finance University under the Government of the Russian Federation.