Revain is Flying High on Kucoin Exchange
Revain (R) and Kucoin exchange celebrated their shared success with a trade exchange competition
that ended on February 22, 2018. The prices included 160 ETH (distributed to rank 2 to rank 1000
trader) and a grand prize of Lamborghini Huracan Coupe. The giveaway was quite generous even for a
New Year gift. It somehow makes you think of how successful Revain is in Kucoin exchange.
The truth is, Revain is actually one of the most traded coins in Kucoin exchange. Revain’s highest
trading volume ranges from $2-4 million with R/BTC and R/ETH being the highest-performing trading
pairs. This accounts for about 10 – 15 percent of Kucoin exchange’s overall daily trading volume.
The R/BTC trading pair has the highest overall trading volume (67.39%) followed by R/ETH (32.60%).
The R/BTC trading pair’s highest trading volume comes from Kucoin exchange (86.73%) followed by
Cryptopia (9.97%) and then Bitflit (3.28%). R’s overall trading volume range is $19,600,000. Its price
across markets is at a steady BTC 0.0002200 – 0.0002280 range (US$2+).
But what accounts for Revain’s success in Kucoin exchange? Revain is also relatively new, starting in
April 2017. It is the first ever non-third- party review platform that is built with blockchain technology.
Revain covers reviews on ICOs, cryptocurrency exchanges, e-commerce, and FMCGs.
The Currency Exchange Platform behind Revain’s Success
Revain’s R token is an ERC-20 token based on the Ethereum blockchain. It was used for the Revain
platform’s ICO issuance and for cryptocurrency trade exchange. Revain also has an exclusive native
token, RVN that is used to reward or penalize users (both individuals and companies) based on the
quality of their reviews in the platform’s review mechanism. The RVN tokens are assigned with a
value of 0.0001 BTC and can be exchanged for R tokens and traded outside the platform.
The R token can be bought, sold, and traded in 13 other cryptocurrency exchange platforms. It is
currently ranked 47 with a market cap of US$404.73 million and a circulating supply of 184,450,000 R.
Early in February 2018, Revain was listed in OKEx, considered to be one of the world’s largest
cryptocurrency exchanges. Since then, OKEx had been going toe-to- toe with Kucoin exchange in terms
of R trading volume. What’s amazing about this is that OKEx ranks on top in terms of trading volume
while Kucoin exchange isn’t even on top 10.
This means a lot not only for Revain but for other low-market cap and/or emerging cryptocurrencies.
Cryptocurrency exchange platforms like OKEx, though large with an average US$1,500,000,000 overall
trading volume, isn’t very advantageous for smaller cryptocurrencies. A majority of OKEx’s trading
volume is from currencies like Bitcoin (BTC) and Etherium (ETH). In Kucoin exchange, on the other
hand, cryptocurrencies like Revain (R), Dent (DENT), and Zeepin (ZPT) thrive.
KuCoin exchange itself is an emerging force in the industry and it seems that is set to the path of being
“the next big thing.” What makes this success sweeter is that a lot of cryptocurrencies, traders, and
users share that success with Kucoin exchange.