The crypto space will start to become very crowded in the following years which is why it will become a challenge to look for the right ICO or token where you can invest.
The known social media platforms do not help that much because their content is unedited, unregulated and are full of shills and trolls. Fake news and scams are rife and the companies that own the platforms are the ones that profit from the advertising of the fraudulent websites. What we need is an unbiased blockchain that has the basis of the feedback platform. Here, the answer could be Revain.
The promotion of a blockchain project may become increasingly difficult because the crypto space is now exponentially full of ICOs and new tokens. A lot of companies now thrive on client reviews in the promotion of their products. Some have even taken this a step further by offering reputations for other companies and managed reviews. Because of this, there may be fake reviews and bias since the provider would have to show positive results to their clients so they can protect their revenue streams.
Reviews on the Blockchain
When you use a blockchain to record reviews, it can remove the possibility of filtering and tampering. It may become a stable source of genuine information. When both the negative and positive reviews are open for discussion, they may become contested to form a more accurate picture of a service or product. Revain provides this ecosystem through the provision of a review platform that has a basis on the blockchain that is powered by the RVN token.
As of the moment, there is a boom in the ICO market, but it has one major drawback. It currently suffers from the lack of regulation and honest reviews. They should have a reliable mechanism where anyone can review the token value, concepts, and technology of a company. Companies should be able to promote their blockchain products in an environment that is unbiased and away from the review manipulation, shills and social media spam.
A method that you can use to source substantial projects will be the employ of the ICO dashboard that can provide potential investors an overview of the project, an update on the work in progress, milestones achieved on the roadmap and the evaluation of the token price. Feedback from the team members will reassure the investors that the project is on schedule and they are currently making developments. This system may be complicated to look for, but Revain is presently working on something so that they can do what is needed.
The product is aiming to provide investors an informed decision on whether they should enter the ICO or not. From the company’s view, it may become the platform that will inspire confidence and facilitate the higher levels of transparency from potential investors. Revain is currently coming along bounds and leaps in the release of their first version last November. It was followed by the v.02 in the previous mid-December and the v0.3 two weeks after that. In the past week, they announced the release of the v0.4. This platform allows anyone to write a review and it has ‘like’ and ‘dislike’ buttons. It is not like some popular social media platforms that cannot become refuted like they are in a blockchain.
The ICO dashboard’s version 0.2 came with the ability to sell and buy tokens on different exchanges. Version 0.3 was able to take things further with the addition of the charts, token price movement analytics, price dynamics and new data widgets. The dashboard’s fourth iteration brings a more intuitive and unique interface and allows the users to share performance data and token statistics through the social media channels.
The platform incorporated tools into the platform that can help the investor monitor token dynamics like weekly or daily volume or price. It compares the costs of the previous week or day. You may also check out the token price tracking or ICO investment date. The dashboard is currently evolving fast, and it has new functionality that gets added weekly. For this reason, the Revain team is now working overtime.
It is going to be more critical to have the ability to look for and invest in reliable blockchain and ICO projects this year since a lot of them are coming online. The incontrovertible blockchain platform of reviews negates the possible partiality in the system, and it provides crypto companies and investors a better opportunity. In the often foggy and increasingly crowded crypto industry, it will pay if you can stand out from the rest because of your honesty and clarity for both companies and clients.