The Revain coin or token is an ERC-20 standard token protocol based on the Ethereum blockchain. It is one of the two currencies in the Revain ICO platform. Fiat currency or regular cannot be used to buy Revain coin. The best way to go around this is to buy cryptocurrencies that can be bought with fiat currency and exchange it with a Revain coin. Here is how it can be done:
1. Go to cryptocurrency exchange platforms that sell either bitcoin (BTC) or Ethereum (ETH) fiat to crypto. These are the cryptocurrency exchanges you can choose from:
- Coinbase – Bank transfer (SGD, AUD, EUR, BGN, CZK, HUF, LVL, ANG, PLN, RON, CHF, CAD), Visa credit cards, debit card, SEPA
- Kraken – Bank transfer (USD, GDP, JPY), Mastercard and Visa credit cards, cash, SEPA
- Upbit – Visa credit cards, wire transfer
- Bitbay – Bank transfer (USD, EUR, PLN), Mastercard and Visa credit cards, debit cards, OKPay, SEPA
- CEX.io – Bank transfer (USD, EUR, RUB, GBP), Mastercard and Visa credit cards, SEPA, SWIFT
2. You may need to sign up and connect your bank account or credit card. Most cryptocurrency exchanges have similar processes, just make sure to familiarize yourself with the crypto exchange’s interface.
3. Go to the crypto exchange’s “Buy/Sell” page. Buy either BTC or ETH. Make sure that you first checked the current market price for a Revain coin so you can estimate the necessary amount of BTC or ETH. Do not close the exchange’s window because you’ll need to go back later.
4. Once you are done, you need to go to a cryptocurrency exchange platform where you can buy and sell Revain coin. Currently, the R Revain coin is only available in 13 crypto exchanges. These exchanges are:
5. Sign up or sign in to any of these cryptocurrency exchanges. You may need to verify your identity or set up a Google 2FA authentication depending on the platform. To make the process simpler, we’ll be using Kucoin as an example.
6. On the Kucoin dashboard select “Assets.” Search on the dropdown list for either BTC or ETH (ETH is more commonly used to exchange for R coins). Select “Deposit” in either coin.
7. Copy the wallet address you have been given. This is where you can deposit your BTC or ETH.
8. Head back to where you purchased BTC or ETH and send the coins to the Kucoin wallet address you just copied. In Coinbase you need to go to “Accounts” in the menu and select the BTC or ETH assets from the list. Click “Send” under the desired coin and select the corresponding wallet.
9. Paste the Kucoin wallet address on the “Recipient” box. Specify the number of coins to send and click “Continue.”
10. A majority of crypto exchanges would send you a verification email after a successful transaction. Wait for it and then check if the coins are already loaded in your Kucoin wallet.
11. You can then go to Kucoin’s R/BTC or R/ETH marketplace to exchange your BTC or ETH coins for R Revain coins. After selecting the right marketplace go to the “Buy/Sell” tab located on the lower right corner of the window.
12. Generate a 2-factor authentication code. Kucoin requires 2FA for deposits, trading, and withdrawal transactions. It adds another layer of protection.
13. Check the current Revain coin price. You can check the lowest possible Revain coin price by clicking the “Best Price” option on the “Price” box on the “Buy R” side of the tab. You can also select “Max” on the “Amount” box to check the maximum amount of Revain coins you can purchase at the lowest price possible. You can also use the slider to control the percentage of BTC/ETH you want to spend. You can always manually input all these if you desire.
14. Once you’ve decided on the right amount of Revain coins and the percentage of BTC/ETH coins to spend, click “Buy.” You can immediately see your newly bought Revain coins in the upper right corner of the tab under “Available R.” It will take a few seconds to a minute.
And you are done. You are now a holder of Revain coins. You can either store these coins outside of Kucoin (in a personal or hardware wallet). Just remember that coins and tokens that are based on the Ethereum blockchain technology cost “gas” to withdraw or transfer. You’ll need to have enough ETH coins on your account to initiate these transactions. You can always hold Revain coins in Kucoin. Make sure that you have KCS coins in your account though, so you can earn daily dividends. Who knew, you may double your Revain coins in no time.
On February 20, Venezuela’s Nicolas Maduro announced that Petro cryptocurrency’s pre-sale proceeds amounted to US$735 million. This was after a lot of critics predicted that no one would want to invest a considerable amount on the national cryptocurrency. But on the first day of the pre-sales investors from Middle East, Europe, and the US poured in.
“Today, a cryptocurrency is being born that can take on Superman,” said Maduro, addressing the public on state television. “For big problems, (we have created a) big solution… We Venezuelans are indomitable,” he added. This seems like a success for the Venezuelan government.
The launch of the national cryptocurrency, “Petro” was announced in December 2017. It was immediately mired in controversy and criticism from all sides. A lot of critics point out that the Venezuelan government is just using Petro cryptocurrency to circumvent the banking sanctions set by the US. Maduro seems not to deny this as in his words he said that Petro cryptocurrency would help Venezuela, “make financial transactions and overcome the financial blockade.”
Petro cryptocurrency can provide Venezuelans, especially the government an alternative channel to send money overseas. But political issues aside, how can a national cryptocurrency like Petro help an economy?
How a Government Can Make a State Cryptocurrency Work
Aside from the investments, there are other roadblocks that Venezuelan government needs to overcome in order for Petro to become a success:
- The international community should trust the Venezuelan government.
- The foreign investors should be able to gain something in return for their investment. The national cryptocurrency’s whitepaper does not mention any oil security interest payoffs that investors can receive.
- There should be an established formula on how Venezuela’s gold, oil, and mineral reserves translate to the value of Petro.
Petro cryptocurrency can’t be bought with Venezuelan bolivars, further undermining the value of the currency. But citizens aren’t putting all their trust on Petro cryptocurrency. A lot of citizens had been Bitcoin mining for quite some time. Even with their national currency’s devaluation, electricity is still an affordable commodity for Venezuelans. The power sector received heavy subsidies under Maduro’s socialist regime that electricity is practically free. A lot of college professors, students, and even politicians were said to have participated or benefited from cryptocurrency mining activities. Maduro is against any Bitcoin mining operation but condones trading. At least one person was arrested and charged for energy theft and possession of contraband, prompting Bitcoin mining operators to go underground. Some are looking into other options, ETH mining. “But ETH mining is more affordable—all you need is free software and a PC with a video card. Any police officer is easily fooled into thinking your ETH miner is just a regular computer,” said one Venezuelan ETH miner.
This trend is expected to continue as the hyperinflation of bolivars continue and Petro cryptocurrency fails to give citizens real value.
The Reality of Cryptocurrency as an Economic Tool
Even with its flaws, Petro is the first cryptocurrency that is approved by a government and recognized as legal tender. Petro is supposed to be an ER20 token based on the Ethereum blockchain. Upon its release, it can be used to pay taxes, and other fees necessary in transactions with the government. But there’s a reason why cryptocurrency isn’t still recognized as legal tender by many governments: it works best as a decentralized currency. A government body controlling the national cryptocurrency – even the underlying blockchain technology somehow negates the purpose for its inception.
Over the years, blockchain technology had been used to create new platforms, facilitate the delivery of services or give life to digital concepts. Can the blockchain technology really be used to deliver government services? The idea of a society run by a national cryptocurrency is quite intriguing and gives us a glimpse of the future as envisioned by works of science fiction. But as a lot of governments somehow repel even the idea of allowing cryptocurrency to touch their nation and others somehow miss the mark – a fully-digital future seem so far out.
Iceland was hit with four Bitcoin mining computer burglaries between December 2017 and January 2018. These burglaries resulted in the loss of about 600 Bitcoin mining computers and the arrest of at least 11. Both the local press and local government authorities consider these burglaries as the “biggest series of thefts ever,” with the local press even dubbing the burglaries, “Big Bitcoin Heist.”
The 600 Bitcoin mining computers had an estimated value of USD$2 million. Not even one was ever found. Aside from their inherent value, the powerful Bitcoin mining computers could return quite a sum if used for its original purpose of cryptocurrency mining. This could very well be the case as southwestern Reykjanes Peninsula police commissioner Olafur Helgi Kjartansson noted that “Everything points to this being a highly organized crime,” and that “this is a grand theft on a scale unseen before.”
Two of the burglaries took place in the Reykjanes Peninsula with three of the burglaries taking place in December while the latest was in January. The burglaries weren’t immediately publicized as the local police hoped to track down the thieves without interference.
These recent cases seem to coincide with the rush of Bitcoin mining activities in the island nation. “Bitcoin Thirst” as some sources call it, involves foreign cryptocurrency traders steadily flocking into Iceland in the past several months. Cryptocurrency mining computers consume and require a lot of electricity to sustain its high computational power. And it is electricity that Iceland has an abundance of. With its numerous sources for renewable energy, primarily geothermal energy, the cost of electricity relatively cheap in Iceland compared to the rest of Europe.
It is even noted that Bitcoin mining, or cryptocurrency mining in general, would draw higher consumption rates. There is already a clustering of Bitcoin farms in the town of Keflavik, just 50 kilometers from Reykjavik. It is estimated that by the end of 2018, the electricity consumption brought by Bitcoin mining operations would overtake the electricity consumption of Iceland’s 300,000 plus population.
“We are spending tens or maybe hundreds of megawatts on producing something that has no tangible existence and no real use for humans outside the realm of financial speculation,” said Iceland MP, Smari McCarthy who is also a digital activist.
But the local police considers this very high electricity consumption as their trump card in locating the missing Bitcoin mining computers. They have been on the lookout for any sudden spikes in electricity consumption across the country. Aside from that, they contacted electricians, internet service providers, and owners of storage space services for any information on any unusual activities especially requests for more power allocation.
The police are sure that the Bitcoin mining computers are now used in an illegal Bitcoin mine and would surface sooner or later. So far, about 11 people were arrested in connection with the burglaries. One of those arrested was a security guard. None of the suspects were named publicly but two of the suspects remains in custody under the order of the Reykjanes District Court.
Iceland’s government officials had been discussing the issue of the increasing numbers of Bitcoin mining farms. McCarthy considered taxing the Bitcoin farm operators and he also noted the risk of electronics attacks. But for something that doesn’t have any “tangible existence,” Bitcoin is surely making quite an impact on the island nation.
In September 2017, the People’s Bank of China (PBoC) announced the banning of initial coin offerings (ICOs). There was an upheaval in the Chinese cryptocurrency sector when it was decided that all domestic crypto markets should quit operating inside the nation specifically in trades that involved the PBoC’s official currency, the renminbi. It seems that the restrictions stemmed from inquiries into some exchange companies, considerably affecting the nation’s crypto markets.
PBoC officials started making rounds on the offices of the biggest crypto markets in the nation months prior. The said officials were from the bank’s Shanghai and Beijing financial regulation bureaus. They met with the exchanges’ executives, stating that their main purpose is to inspect the exchanges’ adherence to the anti-money laundering and capital control regulations. Robin Zhu, the chief operating officer at Huobi definitely saw that the regulators had an ulterior motive for their visit. But his initial guess on the PBoC’s motives was incorrect.
The officials requested for information regarding the crypto markets’ operation. This includes the number of customers and their trading volume at any provided time. Zhu believed that the PBoC was essentially gathering information and facts in order to create a framework for market regulations. Huobi volunteered to submit data and reports about government policies on cryptocurrency around the globe. Zhu believed that he was somehow assisting the PBoC in the complete understanding of the crypto market.
The Rise of OTC Trading Platforms
The new regulation saw the crackdown of several crypto markets along with other crypto providers. It was during this time that over-the-counter (OTC) trading platforms shot to popularity with Chinese investors. This manner of trading resembles eBay bidding as opposed to standard trading. Even with the 10-20 percent markup on fees, Chinese citizens still patronize OTC trading platforms, even going behind the government’s back by using payment platforms like Alipay to purchase Bitcoins. The most current statistical data reveals that the OTC trading marketplaces remains robust in China. Just in the previous week, day-to-day trading volumes skyrocketed up to 4 times the typical volume.
OTC trading platforms have similarities to domestic exchanges in the sense that they have higher amounts of trading volumes in comparison to international exchanges. Huobi, Okex, and OTCBTC are merely three of a handful of firms that provide OTC trading platforms to potential investors. Huobi and OKCoin, happen to be currently among China’s biggest cryptocurrency exchange platforms way before the ban. They’ve got offerings that rank well within the worldwide top 10 when it comes to trading volume. These offerings are Huobi Pro and OKEx, respectively – exchange platforms that now exclusively trade cryptocurrencies.
Curiously, many exchanges that formerly operated inside the Chinese mainland, have given that relocated to areas like Hong Kong, Japan, and South Korea, proceeded in offering OTC trading alternatives to investors.
In an interview with Coindesk, Zhu revealed that the Huobi Group gained over 400 new staff since September – more than doubling its manpower. A prominent seller on Huobi also claimed that he had witnessed over 10,000 unique Bitcoin exchanges in the platform within last 30 days. OTBTC’s OTC trading platform is primarily based in Taiwan. OTBTC claimed that inside the initial 50 days in the company’s operation, they’ve been handling about US$100 million worth of Bitcoin exchanges.
But even with the success of these platforms, Chinese investors are warned to approach such investments with caution especially if bank transfers are involved. Numerous OTC trading platforms warn Chinese investors to refrain from mentioning the cryptocurrency market while they conduct funds transfers.
Trying to find Greener Pastures
Whilst waiting for the stress to subside, Huobi decided to pursue overseas expansions. During the last month or two, the cryptocurrency exchange platform has opened offices in Hong Kong, Singapore, South Korea along with the U.S. Huobi is looking to have its new exchanges in Japan and South Korea to become operational by March this year. The company’s new office in San Francisco, on the other hand, is concentrating on analysis and cultivating excellent relations with blockchain technology startups. The employment of compliance professionals somehow hints that Huobi will probably launch its cryptocurrency solutions within the US.
Although Zhu insists that Huobi’s overseas expansion had always been a part of the company’s growth strategy, but the timing seems to indicate that the ban placed immense stress on the company. It was a pivotal moment for the company and they had no choice but to make the most of it. “If you’ve got assets in an exchange and now you will be prohibited from accessing it by means of a standard course of action, you undoubtedly will rack your brain to acquire in there,” described Zhu. Right now, less than a half of Huobi Pro’s three million customers are from mainland China.
Newcomers Adapted Right Away
PBoC’s ruling somehow inadvertently paved the way for new crypto markets to flourish. Binance was launched just two months before the PBoC ruling was released. The crypto exchange’s founders have been former OKCoin executives, Zhao Changpeng and He Yi. Its initial funding was from two Chinese venture capital firms, Blackhole and Funcity.
But Binance got fortunate. It’s being primarily based in Hong Kong was a boon for them in particular. Investors in the mainland had been overwhelmed with the uncertainty that they shifted their crypto assets to overseas cryptocurrency exchange platforms. Binance timing was fantastic.
Binance has lately evolved into a high-performing cryptocurrency exchange platform reaching to a peak of US$2 billion in day-to-day trading volume. “Although Huobi currently launched Huobi Pro at the time, we did not have as lots of tokens out there for trading as Binance did,” Zhu pointed out. Zhu also does not think that Binance can completely limit user access from mainland China. He believes that it will not be beyond customers to work with Virtual Private Networks (VPNs) to trade in Binance.
In the same interview with Coindesk, Zhu stated that “Whatever the policy may very well be, we’re going to comply with all the guidelines and are right here to say. The [bitcoin] trend is irresistible. And down the road, it can be really almost certainly China will lift its ban on cryptocurrency trading.”
Revain ICO’s revolutionary review platform changed the way reviews are made, handled, and viewed. The platform combined the power of blockchain technology and AI to create a truly unbiased blockchain platform for honest online reviews. This capability won’t be available until the second quarter of this year. This isn’t too far in the future and the review platform is already available with projects to review.
But before you can add reviews, make sure that you are aware of Revain ICO’s review posting policy and guidelines. Of course, common courtesy and consideration of others’ feelings are always advised but there are also rules that need to be strictly followed. These do’s and don’ts in the Revain ICO review platform:
- Do not create more than one personal account. Those who had their accounts disabled should not create another account without permission from Revain ICO.
- Minors aren’t allowed on the platform. One should be at least 18 years old to create reviews on the platform.
- Posting reviews in a language other than English are prohibited unless a multi-language interface becomes available.
- Profanity, inappropriate language, disrespectful words, and poor writing structure are not allowed. The review also shouldn’t incite and encourage controversy, violence, self-harm, hate, and discrimination.
- Reviews and messages should not endorse personalities, groups involved in violence and illegal activities.
- The endorsement and sale of prohibited or illegal items are prohibited. These items or merchandise may include tobacco products, alcohol, ammunition, weapons, and even pharmaceutical products.
- Links to inappropriate content are prohibited. Copyright and trademark infringement are prohibited. Posted content should not violate any proprietary rights of companies and individuals.
- There should be no violation of privacy and endorsement of unwarranted publicity. The posting of personal, sensitive and identification information is strictly prohibited. This includes the posting of direct links to said information.
- Spam messages are prohibited. Messages and content can be considered spam if they contain advertisements for products, services, websites. Links for self-promotion and non-review related content are also prohibited.
Reviews and messages that violate the rules are immediately deleted without prior notice.
There are two ways to add reviews to the Revain blockchain platform. One is to add the review through the “Add Review” button under the listed cryptocurrency project. Another is to through the “Add Review” button in the project dashboard.
The process is actually quite straightforward.
- Head to Revain.org’s dashboard.
- Make sure to login or sign up. The platform doesn’t have any guest posting option.
- Select the cryptocurrency project you want to review the list.
- Click the “Add Review” button on the project’s tab.
- A window would pop-up contain an overview of the cryptocurrency project, rating options, and review options.
- You can rate the cryptocurrency project according to:
- Your overall impression
- The project’s team
- The quality of the project’s communication channels
- The project’s progress.
A one-star rating is equivalent to “poor”, two star is “not so hot,” three-star is “ok,” four-star is “efficient,” and five star is “very efficient.”
- Fill in your review of the projects:
- Review summary
- Click “Submit My Review.”
You can also use this method.
- From the Revain ICO dashboard, click the cryptocurrency project’s name. You will be directed to the project’s dashboard.
- Scroll down to the ratings. There is an “Add Review” button on the ratings’ right side. You can also scroll down to the bottom where you can see the user reviews. There is another “Add Review” button there. You can also select the “Reviews” tab on top of the page to directly head to the user reviews.
- The review creation and submission process would be the same from the first method.
After submitting your review, it will undergo Revain ICO’s two-phase filtering system. The first phase of the filtration process is backed by AI algorithms and the high-power IBM Watson platform. These combined systems are capable of detecting user sentiment including writing tone and emotions. The algorithm used can also detect spam, abusive language, and other prohibited content stated in the rules. Once the initial filtration process is done, Revain ICO’s in-house team would undergo the final screening. There are no external influences in both phases, especially during the latter phase.
Not all reviews are approved and Revain ICO won’t give notices regarding the rejection of reviews. But all approved reviews will remain posted on the platform and can’t be deleted. Users can amend their reviews as they please but the initial review would remain. In some cases though, ICOs and companies can successfully dispute a review. The review would have a footnote stating that “This review was disputed,” together with ICO/companies message explaining their side.
Revain ICO: The First of Its Kind
There hasn’t been a decentralized review platform like Revain’s platform. There are several advantages that Revain ICO has that even regular review platforms do not offer. This includes:
- A two-step verification process
- There are two stages of review filtration, ensuring that only high-quality reviews pass through.
- A reward and punishment system based on the native RVN token
Of course, the Ethereum blockchain technology ensures that the platform remains uncorrupt and unbiased. The set price of the RVN token at 0.0001 BTC (USD$0.05) also ensures that smaller companies and services can afford to compensate customers based on the quality of their reviews.
The review filtration process is accomplished through AI backed by the state-of-the-art IBM Watson system. The system uses an advanced user sentiment analysis algorithm that enables it to analyze and detect writing tone and emotion. It can also detect spam and abusive language. After the initial filtration, the reviews are forwarded to Revain’s in-house team. There are no external influences on this part of the process. All approved reviews – reviews that are entered in the Revain blockchain remain posted in the platform and can’t be manipulated in any way.
The two-coin approach is also clever. The RVN token is exclusive and non-tradable. It creates a stable internal funding source for the Revain platform. While the R token ensures the platform’s cryptocurrency market influence and the continuous increase in value while also sustaining the growth of the platform.
Revain ICO Token Performance
The crowdsale of the Revain ICO tokens was launched on August 14, 2017. The crowdsale was set to end on September 6, 2017. The initial price for the Revain tokens was 0.000011 BTC with a minimum investment of 0.003 BTC. In just 30 minutes Revain ICO was able to raise $850,000. About a billion Revain tokens were issued but investors can only buy Revain tokens up to 70 percent of the issued cryptocurrency. About 55 percent of the crowdsales proceeds are reserved for marketing endeavors with 15 percent for R&D purposes, and another 20 percent for the platform support and team, and the last 10 percent that will be dedicated for the infrastructure and additional expenses. All in all, about $12.5 million worth of Revain tokens were sold in the Revain ICO crowdsale.
The Revain tokens continued to perform relatively well compared to other coins that launched their crowd sales around the same time. Revain tokens had been stable, showing low volatility even with high market fluctuations. Revain token’s price rose up to 113 percent in the next three months following the crowdsale. It reached its historic high right after its first test version was launched in November 2017.
Reviews of the Review Platform
There were those who voiced out that the adoption of blockchain technology isn’t really necessary. But those were immediately silenced with verified reviews of Revain ICO’s platform. Revain ICO was also open to how the platform operates and its processes. The source code was made open to everyone through a Github page that can still be viewed to this day.
Currently, Revain covers reviews on cryptocurrency exchanges, ICOs, e-commerce sites and services, and fast-moving consumer goods (FMCG). Revain ICO plans to crossover to other sectors in the near future. But there were questions about the effectiveness of the reviews on the platform, especially on their timeliness. Some people pointed out that, especially in crowdsales, reviews only appear right after the bad investment was already done. The Revain blockchain also cannot detect underlying motivations for reviews, especially those that are compensated by companies and services for excellent reviews. Most the trepidation comes from the motivation for participation in the platform and if companies are really willing to give their end of the bargain. Companies and services don’t receive incentives for participating.
The Revain ICO Aftermath: What Next?
The team revealed that the initial Revain ICO project would last for two years. The platform would expand and cover more review segments. But the team is already planning ahead for the next five years of the Revain ICO.
Rinat Arslanov, Revain’s CEO emphasized the importance of honest reviews saying, “…I saw and understood how important trust was. After all, a person shares their impressions of work and talks about them in their inner circle. My customers share their emotions in social networks, talk about my product wherever there is an opportunity. Feedback takes the form of value, a form of trust, a form of an invisible asset that generates new customers for your business.”
Revain’s blockchain platform facilitates the creation of an ecosystem where no third-party site is necessary for the unbiased, honest, and uncensored product, service, and company reviews. This type of review service is actually in demand with 84 percent of consumers using reviews as a basis for purchases. But it was also found out that 20 to 60 percent of reviews posted online are either fake or purposely misleading. With Revain’s platform, companies and services do not have the power to manipulate the reviews that they are subject to. This somehow makes the platform, and the Revain ICO, in general, an important but polarizing step in the evolution of online reviews.
A lot of people regret missing on the Bitcoin craze. But these same people are also now on the hunt for the next Bitcoin – or something close. The common strategy is to buy coins while they are still cheap and reap the profits in the future. But which coin should you buy? What are the best cryptocurrencies to invest in at this point in time?
There are over 1,000 cryptocurrencies available in cryptocurrency marketplaces. There are different factors that attribute to a cryptocurrency’s success. The communities that make up the investing and buying side of the industry are diverse. Some aim to invest in cryptocurrency for its intrinsic value as a form of currency while others are after the real-life applications of cryptocurrencies. In order to narrow down the search, it’s important to take note of the factors that this diverse community actually agrees that the best cryptocurrencies to invest in having in common:
- The usefulness of the cryptocurrency. Some cryptocurrencies exist just so. But there are also a lot of emerging cryptocurrencies that solve specific problems. This is often done by identifying the weaknesses of an industry and creating a unique solution through blockchain.
- The size of the crypto market. The problem that the cryptocurrency aims to solve should be specific yet not specific enough that only a handful will take interest in the project. There’s also the issue of demographics. Are the people that this cryptocurrency is marketing to already in the cryptocurrency bandwagon? If not, are they willing to hop in?
- The steady growth of the cryptocurrency. There had been a lot of ICOs launched in the past year. A couple of them are already doing well and hitting their own goals but older ones are still to gain traction.
- The pricing of the cryptocurrency. Is the price range right for the value that it promises to give?
- The cryptocurrency still has a lot of room to grow. Cryptocurrencies with over a billion in crypto market cap are already big enough for you to enjoy more profits in its growth.
But where to look for cryptocurrencies that match the criteria? That’s where Kucoin comes in the picture. Kucoin is growing – fast. In the past months, Kucoin saw an upwards of 48 million visitors. One of the driving forces in Kucoin’s growth is its listing of emerging cryptocurrencies with unique value propositions. There are over 50 major cryptocurrencies listed in Kucoin but the exchange platform is known for being the first to list cryptocurrencies that some may consider “obscure.” A lot of these cryptocurrencies are low market cap altcoins that are no older than a year. What’s also amazing is that a lot of these cryptocurrencies are performing really well in Kucoin. Kucoin itself is a newcomer but it is growing together with the cryptocurrencies that are being exchanged in its platform. This makes Kucoin one of the best places to look for the best cryptocurrencies to invest in – it’s where rapid growth is happening.
The Best Cryptocurrencies to Invest in Kucoin
Dragonchain was supposed to be the “Disney Private Blockchain Platform” before it was taken over by the non-profit Dragonchain Foundation. It was an open source project.
Dragonchain is a business ecosystem, crowd scaled incubator, cryptocurrency marketplace, and a blockchain platform. It is designed to make the integration of business applications to blockchain easier. The platform is secure and scalable with data and smart contracts protection.
Token sale for the Dragons launched in October 2017. The funding goal wasn’t met but Dragonchain decided to go on with the project. Dragon tokens can be used by users to have early access and discounts on the Dragonchain Crowd Scaled Incubator. This is accomplished through the Dragon Slumber Score (DSS). The formula for the slumber score is total Dragon toke balance multiplied by the number of days users hold the tokens. The score determines the discounts, purchase limits, and exclusive participation timeframe in partner ICOs. The Dragons need to be stored in a private wallet in order for users for their DSS to be counted.
DRGN stats (First week of March):
Overall Rank: 56
Cryptocurrency Market Cap: $360,000,000+-
Daily Trade Volume: $2,000,000+-
Kucoin Daily Trade Volume: (DRGN/BTC) $1,000,000+-, (DRGN/ETH) $600,000+-
Circulating Supply: 238,421,940 DRGN
Total Supply: 433,494,437 DRGN
Max Supply: No Data
Revain (R) is an ERC-20 token based on the Ethereum blockchain. R is performing really well in Kucoin. Before Revain cryptocurrency was listed in OKEx, its highest total trading volume was from Kucoin. It still performs well in Kucoin with 10-15 percent of Kucoin’s overall daily trading volume coming to Revain. Right now, Revain is gaining in popularity as it is being listed by more cryptocurrency exchanges. Currently, there are about 13 cryptocurrency exchange platforms where R can be bought, sold, and traded. What makes Revain one of the best cryptocurrencies to invest in is that there is a strong platform behind it.
The Revain platform is the first-ever review platform that is built with the blockchain. It is considered unbiased and revolutionary. The platform focuses on reviews relating to cryptocurrency exchanges, e-commerce, FMCGs, and ICOs. The Revain platform doesn’t use the R token for its transactions, though. They have another token, the RVN that is used to reward or penalize reviewers based on the quality of their reviews. The RVN tokens can then be traded for R tokens in exchanges.
R stats (First week of March):
Overall Rank: 61
Kucoin Rank: 3
Cryptocurrency Market Cap: $300,000,000+-
Overall Daily Trade Volume: $15,000,000+-
Kucoin Daily Trade Volume: (R/BTC) $3,000,000+-, (R/ETH) $2,000,000+-
Circulating Supply: 184,450,000 R
Total Supply: 484,450,000 R
Max Supply: 484,450,000 R
The Dent Wireless aims to tokenize the mobile data industry by creating a global cryptocurrency marketplace for buying and selling mobile data. The company develops mobile apps and cryptocurrency marketplaces that facilitate the buying or selling of mobile data either directly from telco companies or users that sell their unused mobile data. The DENT tokens serve as a universal decentralized currency for these mobile data transactions. Currently, DENT is connected to telcos in the USA, India, Brazil, Mexico, and Hong Kong.
Aside from the tokenizing the industry, Dent Wireless also aims to disrupt the current telco business model, benefitting not only users but also telcos. The telcos can profit from the repeat sales of unused data allowances while users can directly influence how telcos price mobile data.
The DENT token will power this platform. Dent Wireless aims to make the DENT marketplace and in turn, the DENT token the dominant force in the mobile data industry, making it one of the best cryptocurrencies to invest in for its utility potential.
Stats (First week of March):
Overall Rank: 77
Cryptocurrency Market Cap: $200,000,000+-
Daily Trade Volume (Estimate): $4,000,000+-
Kucoin Daily Trade Volume (Estimate): (DENT/BTC) $1,600,000+-, (DENT/ETH) $1,300,000+-
Circulating Supply: 10,614,760,961 DENT
Total Supply: 100,000,000,000 DENT
Max Supply: No Data
Polymath is a securities token platform. It facilitates the bulk transfer of financial securities to the blockchain platform. Polymath guides and assists institutions in the creation, issuance, fundraising, and launching of tokenized financial services.
Polymath predicts that securities tokens would be the next mega-trend in the cryptocurrency industry. Securities tokens lets holders to take ownership of their digital assets and become investors instead of just purchasers. Offerings are also regulated through KYC user verification.
The POLY token is used for all internal transactions in the Polymath platform. Issuers pay fees in POLY in order to create and issue securities tokens. Investors also need to pay transaction fees for the KYC/AML verification and other transactions like buying, selling or trading securities tokens.
POLY stats (First week of March):
Overall Rank: 82
Cryptocurrency Market Cap: $200,000,000+-
Daily Trade Volume (Estimate): $2,000,000+-
Kucoin Daily Trade Volume (Estimate): (POLY/BTC) $1,000,000+-, (POLY/ETH) $900,000+-
Circulating Supply: 239,570,250 POLY
Total Supply: 1,000,000,000 POLY
Max Supply: No Data
Qlink offers decentralized mobile network services like WiFi sharing, mobile data repackaging (for content distribution), E2p SMS service, and WiFi sharing hubs. The mobile networks are divided into two blockchain parts: infrastructure and service. The infrastructure data is stored on the NEO blockchain while the service data is stored on the Qlink Chain network.
Qlink’s QLC tokens are based on NEO’s NEP-5 token standard protocol. It is used for transactions within the Qlink network. These transactions include payment for network services, content registration, and as incentives for users who view sponsored content. Aside from cryptocurrency exchanges like Kucoin, QLC tokens can also buy from the Qlink BaseStation. The station has BaseState that has ETH mining capabilities.
Qlink is fundamentally similar to DENT, but what makes it one of the best cryptocurrencies to invest in is its well-structured infrastructure and range of services that are available on the platform.
QLC stats (First week of March):
Overall Rank: 222
Kucoin Rank: 4
Cryptocurrency Market Cap: $50,000,000+-
Overall Daily Trade Volume: $600,000+-
Kucoin Daily Trade Volume: (QLC/BTC) $300,000+-, (QLC ETH) $200,000+-
Circulating Supply: 240,000,000 QLC
Total Supply: 600,000,000 QLC
Max Supply: No Data
Cappasity the first ever blockchain platform that facilitates in the creating, renting, and selling of 3D content for the AR/VR ecosystem. Cappasity has a decentralized billing system that can handle bulk microtransactions and secured with smart contracts.
The Cappasity token (CAPP) is used to pay a subscription, 3D content purchases, and rentals within the Cappacity platform. Users also need CAPP to upload 3D content, verification, and moderation of content, and sell or rent content. The AR/VR ecosystem is expanding with a considerably large market. This makes CAPP a part of the list of the best cryptocurrencies to invest in.
Stats (First week of March):
Overall Rank: 246
Cryptocurrency Market Cap: $39,000,000+-
Daily Trade Volume: $190,000+-
Kucoin Daily Trade Volume: (CAPP/BTC) $80,000+-, (CAPP/ETH) $30,000+-
Circulating Supply: 330,992,078 CAPP
Total Supply: 438,686,537 CAPP
Max Supply: No Data
The Odyssey blockchain service whose main mission is to establish a state-of-the-art decentralized Peer to Peer Ecosystem and sharing economy. The Odyssey Foundation is a non-profit organization based in Singapore. The foundation’s activities, including their participation in the cryptocurrency market, is not for commercial purposes. All profit they receive will belong to the foundation for its operation and organizational needs.
The OCN token is designed to facilitate the success of products and service providers in the global sharing economy and peer to peer ecosystem. The OCN is expected to aid in the overall reduction of operation cost, an increase of market efficiency and an increase of profits.
The OCN token was listed on Kucoin in January this year. A half of the tokens have a lock-in period that ends on April 22, 2018.
OCN stats (First week of March):
Overall Rank: 297
Cryptocurrency Market Cap: $30,000,000+-
Overall Daily Trade Volume: $30,000,000+-
Kukoin Daily Trade Volume: (OCN/BTC) $800,000+, (OCN/ETH) $200,000+-
Circulating Supply: 2,000,000,000 OCN
Total Supply: 10,000,000,000 OCN
Max Supply: No Data
Covesting is a copy-trading platform that offers a complete infrastructure for both cryptocurrency investors and traders. It is considered as a revolutionary peer to peer (P2P) digital asset management platform.
The platform facilitates the automatic copying of trades conducted by successful cryptocurrency traders. Trading strategies are provided by professional digital asset managers and are available for users to browse and subscribe to. Users who succeed from the strategies they copied are encouraged to allow other users to copy their trades. They will be rewarded with around 18 percent “success fee.”
The COV token is used for the Covesting platform’s transactions. Users need to boy COV tokens to subscribe to any of the 20 trading models available. The 2 percent deposit fee and 10 percent profit commission collected from users are deposited to a “Covesting Asset” contract. There’s security with COV and its very premise is rooted in the industry. As long as there is cryptocurrency, Covesting would be relevant, making it one of the best cryptocurrencies to invest in.
COV stats (First week of March):
Overall Rank: 315
Cryptocurrency Market Cap: $25,000,000+-
Overall Daily Trade Volume: $170,000+-
Kucoin Daily Trade Volume: (COV/BTC) $106,000+-, (COV/ETH) $45,000+-
Circulating Supply: 17,500,000 COV
Total Supply: 20,000,000 COV
Max Supply: No Data
Experty wants to solve a specific problem in the telecommunications niche. Experty provides a platform for qualified experts and professionals so that they can instantly accept international calls from clients that need their expertise. The call rates are charged per minute as the calls are progressing. Refunds are obtained through the smart contract.
The Experty token (EXY) is the native currency used in the Experty platform. The tokens were sold out on presale during the initial token generation phase. EXY tokens are used feeless payments between experts and clients, service fees, and for premium Experty features access.
EXY stats (First week of March):
Overall Rank: 1196
Kucoin Rank: 2
Cryptocurrency Market Cap: No Data
Overall Daily Trade Volume: $6,000,000+-
Kucoin Daily Trade Volume: (EXY/BTC) $4,000,000+-, (EXY ETH) $2,000,000+-
Circulating Supply: No Data
Total Supply: 79,404,564 EXY
Max Supply: No Data
IHT Real Estate Protocol (IHT)
IHT is a newly-listed coin with a promising start. It is a blockchain cloud platform for real estate. The platform integrates real estate markets around the world. The large real estate can be divided and distributed to financial institutions through IHT’s smart contract. Investors can put in small amounts into low-risk real estate investments.
The IHT token sale only opened for one day on February 1. All purchases of ownership and profits are conducted with fiat currency. IHT tokens are only used to initialize ATO (Asset Tokenize Offering) and to pay for service fees.
IHT stats (First week of March):
Overall Rank: 1208
Kucoin Rank: 1
Price: $ 0.110947+-
Cryptocurrency Market Cap: No Data
Overall Daily Trade Volume: $ 2,000,000+-
Kucoin Daily Trade Volume: (IHT/BTC) $ 2,000,000+-, (IHT/ETH) US$700,000+-
Circulating Supply: No Data
Total Supply: 1,000,000,000 IHT
Max Supply: No Data
Best Cryptocurrencies to Invest in – Final Thoughts
This is obviously not an exhaustive list. There are still cryptocurrencies out there that are yet to be launched and created. Also, some the best cryptocurrencies to invest in did not gain traction overnight. There were early favorites that got dumped and unpopular coins that become unlikely winners.
The coins are this list is expected to experience steady (even rapid for some) growth in the next few months. But as with cryptocurrencies, there’s always risk involved. These coins may have a lot of potentials but it’s always wise to exercise caution.
The Revain ICO platform now has five versions. V0.1 was released on November 2017, v0.2 on December 11, v0.3 on December 28, v0.4 on January 29, 2018, and v0.5 on March 5. Each version release saw changes in the interface and some key features. Starting v0.4, the ICO platform’s starting page was moved from the project page to the dedicated dashboard. Revain ICO also added the first list of 20 projects and tokens.
Each item on the list includes details like rating, trading volume, current price, ICO price, and open source activity. These features remained in v0.5. The details can be toggled to reveal more information including statistical data. There is also a link to the project’s official site. The overall ratings and review highlights are shown. There’s also an option to add their own review or follow the project status. The Project’s name can be clicked to view the specific reviews from other Revain ICO users and a more detailed view of statistical data. Users can toggle between the “Summary,” “Token Dynamic,” and “Reviews,” tab to go directly to the desired part of the project window.
In vo.4 the dashboard’s user interface was improved, especially the design and accessibility. Specific improvements were made on the search tab and button animations. The “Add Review” button was placed at the bottom of the page. Social sharing buttons were also added.
In v0.5 some of these improvements were once more redesigned. The sharing buttons were gone and the “Add Review” button was placed for each project.
Here is a breakdown of specific features and improvements that are implemented in Revain Dashboard v0.5:
- Another 20 cryptocurrency projects. The total number of cryptocurrency listing is now 80.
- There is a new “Buy/Sell” button. Users are redirected to a cryptocurrency exchange platform where they buy or sell the listed cryptocurrency. This is feature is now available for all listings instead of just the Revain token as implemented in previous versions.
- The percentage difference is now available. The percentages show the difference between the ICO price and the current cryptocurrency market price.
- There are viewing options for 24 hours, 1 week, 3 weeks and 1 month.
Before the launch of Revain Dashboard’s v0.5, Revain ICO launched the v0.5 Beta in February. The beta was used to gather community feedback. Features rolled out in the beta release include:
- An expanded project view
- Share widget as an image (Twitter and Facebook)
- Volume/Price sorting in the dashboard
- Cryptocurrency exchange list button for all active projects
Revain ICO has an ongoing Customer Feedback survey created for the evaluation of the Revain Dashboard. The survey takes about 4 minutes and includes questions about the dashboard’s features and about your cryptocurrency project preferences, and what you think about the platform in general.
The Revain token (R) had traded 27.3 percent lower against the US dollar in the past week. This performance continued in the last 24-hour period (Trading period ended March 4, 1:00 p.m. Eastern time) the Revain token performed 5.7 percent lower against the US dollar. In this trading period, Revain token’s overall trading volume was approximately USD$10.8 million. On March 4, 2018, trading period Revain token’s overall trading volume was only $5.9 million. This is significantly lower compared to Revain token’s average overall trading volume in the third week of February ranging from $19 million to $20 million.
This means that the Revain coin price and market capitalization also dipped. On February 20, the Revain token opened with a price of $3.30 and closed with $2.79. The Revain coin price did not return to the $3.00 range since then. On the March 4 trading period, Revain token experienced the lowest opening price since February 6 with $1.68. The price even closed lower at $1.62. Revain token’s market cap started at $425 million on March 1 and dipped to $398 million on March 2. At the end of the March 4 trading period, it is only $309 million.
It seems that the Revain token isn’t alone as several cryptocurrencies also suffered lower trading rates. The drop seems to equally affect both low and high market cap cryptocurrencies. Populous (PPT) traded 1.5 percent lower against the US dollar. Populous’ trading volume had been dipping and rising in a somewhat volatile fashion in the past several weeks. It saw its overall trading volume rising to $13 million on March 1, from $5.6 million on February 28, and down again to $6.5 million on March 2. At the end of the March 4 trading period, Populous’ trading volume is down to $2.9 million with a market cap of $761 million.
Other cryptocurrencies that traded down or lower against the US dollar include Ripple (XRP) traded 2.4 percent lower, NEO traded 7.1 percent down, IOTA (MIOTA) traded 6.1 percent down, TRON (TRX) traded 7.3 percent lower, VeChain (VEN) traded 1.9 percent down, Binance Coin (BNB) traded 3.7 percent lower and RChain (RHOC) traded 3.4 percent lower against the US dollar. This is all in the March 4 trading period.
The Revain ICO raised about $12.5 million after a successful crowd sale in August 2017. The Revain token opened for trading on September 5, 2017, with a total supply of 484,450,000 R tokens. An ERC20 token, the R token is one of the two tokens of the Revain platform with the RVN token being the other. Revain is a blockchain platform that implements non-third party review mechanisms. This review mechanism is composed of two phases, the first being the AI enabled filter layer and the second being the company decided review approval. The Revain token was used for the Revain ICO funding phase and currently for trading. The RVN token is only internally used. It is used to reward and penalize both individual users and companies based on the quality of their reviews. RVN has a fixed value of 0.0001 Bitcoin and can be converted to R tokens.
Until recently, traders can only buy Revain tokens crypto-to-crypto in Bitflex, BTC-Alpha, C-CEX, Cryptopia, EhterDelta, Kucoin, Kuna, Mercatox, OKEx, and YoBit. The Revain token has only been recently listed on OKEx, one of the world’s largest cryptocurrency exchange platforms. OKEx and Kucoin had been toe-to-toe with in terms of R trading volume. In the March 4 trading period, the R/BTC trading pair in Kucoin accounts for 11.22 percent ($645,336) of Revain’s total trading volume. With the R/ETH accounting for 15.63 percent ($884,678). OKEx’ R/BTC trading pair accounts for 15.87 percent ($898,275), the R/ETH 8.05 percent ($455,815), and the R/USDT 4.03 percent ($228,393). A bulk of Revain’s total trading volume currently comes from Simex. The R/USD trading pair accounts for 20.30 ($1,148,900) percent of Revain’s total trading volume.
The NEO token and blockchain platform was originally designed to improve upon the shortcomings and vulnerabilities in Ethereum’s protocol. Dubbed as the “Chinese Ethereum” or the “Ethereum Killer,” NEO was China’s first ever decentralized and open-source blockchain platform. NEO was first launched as Antshares but was rebranded as NEO in June 2017. The rebranding was announced in front of an audience of 200 in Microsoft’s Beijing headquarters.
The decision for rebranding stems from the company’s desire to renew and bolster their professional image. NEO is derived from the Greek word “neos” that means “new, fresh, and young” – adjectives that the company wants to be associated with.
Even with the comparatively low adoption rate, NEO aims to compete against Ethereum. NEO mainly converts conventional trading assets into digital assets using smart contracts. Aside from smart contract use case, NEO also has a crypto token, GAS that it uses to generate dividends. Holding NEO cryptocurrency in Kucoin and private wallets automatically generate GAS. It is especially advantageous to hold NEO cryptocurrency in Kucoin since it can earn GAS dividends daily.
NEO cryptocurrency’s value is steadily rising, not only in terms of price but also in reputation. Just this January, Kucoin encouraged its users to switch to using NEO cryptocurrency for transfers and withdrawals. Ethereum and other major cryptocurrencies have ongoing issues with network congestion. Kucoin especially called for understanding, stating that the “global Ethereum network is in a jam now.” ERC20 tokens, in general, are affected by this issue so it is wise to actually look for other transfer options.
NEO has had numerous ICO issuances with about 20 ICOs slated this year. Its approach with ICOs is different. To compare it with Ethereum, NEO’s ICO has an entrance fee while Ethereum is a free-for-all. There is an initial requirement of 500 GAS before one can launch an NEO smart contract. This is implemented by the NEO Council to prevent the entry low-quality ICOs and oversaturation of the blockchain.
There’s a strong case for NEO’s network stability and efficiency. That’s why it’s no wonder that Kucoin includes more and more NEO tokens in its cryptocurrency list. Each token in the NEP-5 token standard is unique with unique value propositions. Earlier this year, NEP-5 tokens gained a lot of support from cryptocurrency exchanges. But long before that, Kucoin had been supporting NEP-5 tokens even at the early stages of their release. Until recently, only Kucoin listed NEP-5 tokens, solidifying the cryptocurrency exchanges’ reputation of supporting coins before any other cryptocurrency exchange platform.
The following NEP-5 tokens are included in Kucoin’s cryptocurrency listing.:
- DeepBrainChain (DBC) – Listed December 25, 2017
Decentralized Artificial Intelligence
- Qlink (QLC) – Listed December 29, 2017
- THEKEY (TKY) – Listed February 6, 2018
Decentralized Record Keeping
- Red Pulse (RPX) – Listed October 28, 2017
- Trinity Network (TNC) – Listed January 22, 2018
State Channel Technology
- Zeepin (ZPT) – Listed January 30, 2018
Decentralized Multimedia Platform
- Alphacat (ACAT) – Listed February 9, 2018
Decentralized Investing/Hedge Fund
Tokens that are yet to be listed in Kucoin:
- APEX (CPX)
- Neon Exchange (NEX) –
Decentralized Cryptocurrency Exchange
- Aphelion (APH) –
Decentralized Cryptocurrency exchange
- Concierge (CGE)
Decentralized Travel Booking
- Universal Health Coin (UHC)
- PikcioChain (PKC) – Migrated from ERC-20 to NEP-5 token standard
Note that this is not an exhaustive cryptocurrency list and some ICOs and tokens may not be included in the list as ICOs are continually issued in the NEO ecosystem. But there are several lessons why listing these NEO tokens can be beneficial for Kucoin. A handful of tokens under the ERC-20 standard had already jumped ship to NEP-5. Aside from network congestion, NEO addresses the most pressing issues that Ethereum is yet to solve in their platform. NEO is secure, convenient, and on the rise.
What do you think of this cryptocurrency list? Should Kucoin list more NEO tokens? Tell us in the comments.