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 Internet’s Problem with Fake Reviews
Fake reviews are doing a lot of damage to businesses, services, and lately, ICOs. Reviews have a certain influence on a prospective customer/investor’s purchase/investment decisions. A report from Spiegel Research Center revealed that products or services that have at least five reviews have 270 percent more chances of a purchase. The report, entitled “How Online Reviews Influence Sales,” somehow gives us a glimpse of the status quo in the online world.
The power of reviews to push or pull a person from a product isn’t only an issue for businesses and ICOs, but also for customers and investors. Reviews oftentimes deliver false promises of product legitimacy and quality. This causes both disappointment and frustration that are often overshadowed by manipulated reviews – or even outright rejected.
Revain ICO’s Solution
There are elements that are crucial in determining the legitimacy, soundness of the ICO’s business model, token distribution plan, and any issues that it may have in the long run. The Revain blockchain platform places emphasis on these factors that need close scrutiny:
- Unique features
- Disclosure of digital asset details including supply cap and distribution
- Incentive model
- Nature of the ICO’s infrastructure and ecosystem.
- Whitepaper and roadmap
- Inherent advantages and challenges
Different ICO projects have different strengths and implementation models so it is best to scrutinize these factors before investing in any ICO crowdfunding activities.
Revain ICO first announced in 2017 that its system is built in partnership with ICOrating.com. The partnership will enable Revain to allow its users to review the main elements of ICOs. These elements include:
- The ICO team
- Technical capabilities
- Business model
- Market influence
- Community reception
- Review Immutability
Reviews in the Revain blockchain platform are immutable – they can’t be changed or manipulated in any way. No one, especially not the subject of reviews can change or remove the reviews from the platform. Businesses and ICOs can dispute any claims, essentially negating it but this won’t remove the said claim.
Immutability is one of the fundamental features of the Revain ICO project. This immutability also enables the Revain blockchain platform to become a true decentralized trustless platform – solidifying the soundness of the project’s premise.
Token Dynamics and ICO Milestones
Revain aggregates data and statistics about the performance of the ICO and issued tokens. This is a great source of information for prospective investors. It can also help build the market value of ICOs as these vital insights ensure that prospective investors are well-informed about everything they need to know about the ICO. Revain blockchain can provide insights on the two important aspects that determine a project’s post-ICO success. These are documentation and solid business goals. CEOs are often zealous and overestimate the capabilities of their startups so it is important for investors to evaluate the project even before the ICO commences.
Revain Blockchain and AI Review Filtration
All of the reviews in the platform goes through a rigid filtration process that is undergone with the help of an AI algorithm. The state-of-the-art IBM Watson platform offers AI systems that can detect anything from spam to user sentiment. The AI uses three general parameters: emotion, language style, and social tendencies in order to determine the legitimacy and appropriateness or a review.
Once approved by the system, the reviews undergo another stage of filtration, this time from Revain ICO’s in-house team. The team follows strict guidelines and are free from any external influences.
Revain’s approach is to incentivize the review process – encouraging users to be more open and thorough in their reviews. This is done through the utilization of Revain blockchain technology and cryptocurrency. One of the Revain ICO tokens, RVN would be used to facilitate the reward system that would be implemented within this year.
Final Thoughts on How Revain ICO’s Review Platform Make ICO Investment Safer and Easier
Revain ICO does not only authenticate reviews for the benefit of both investors and ICOs but also negate the power of fake reviews and review manipulation. Also, by asking users to express their opinions on important elements of the project, reviews in the Revain blockchain platform can refute any misleading information regarding the projects.
ICOs are raising billions of dollars within just a span of a few months. But not all of these investments would yield profits. Revain ICO already noticed a pattern wherein it was revealed that projects leveraging blockchain technology and cryptocurrency to solve common problems become successful. These projects, just like the Revain blockchain platform present solutions that are made possible or made more efficient through blockchain technology. The success of the ICO project isn’t a guarantee of post-ICO success, though. That’s why it is important for investors to identify the project’s issues early on.
Early this year, Revain revealed their new ICO roadmap. This was an answer to requests for more on information of the organization’s plans especially update and release schedules. Revain ICO is holding up well in the past few months. The Revain ICO’s rapid version releases were also seamless and delivered the necessary functionality to the platform’s main service. The Revain token is also remained strong, even with recent drops in trading volume. But what more does Revain ICO has in store for us this year?
Revain’s ICO roadmap is divided into quarterly goals that they want to achieve or even surpass. Here are these goals:
- Addition of more projects to the dashboard
- Multi-language support (translate the platform)
- Save reviews to Revain blockchain
- Build an AI review analysis system
- Create a mobile app
- Launch the RVN token
- Add the review incentive system
- Release of the gaming reviews
- Partnership with gaming industry giants
It isn’t much, but Revain’s main goal is to finally deliver the full product and venture into new and diverse markets. So far, Revain was able to fulfill one of their ICO roadmap goals for the first quarter. Revain Dashboard’s v0.4 was released on the last week of January. It was during this release that Revain finally added the first 20 projects in the dashboard. These projects included:
- Binance Coin
- Bitcoin, Bitcoin Cash
- KuCoin Shares
- Trinity Network
Shortly after this, Revain ICO added 20 more projects. There were more additions with the release of v0.5. As of the first week of March, there are about 80 projects in the Revain ICO dashboard. The platform translation has yet to be implemented. Revain also teased of strategic partnerships, especially on the marketing side of things. A potential partnership with NEM had been announced in October. The people behind NEM were said to be quite interested on Revain blockchain platform and are willing to offer partnership opportunities by having Revain ICO reviews on their own platform.
The offer was made during the World Blockchain Summit in October 2017 where Revain’s CEO, Rinat Arslanov was in attendance. Arslanov had a chance to speak to Dubai Tech and Enterpreneur Center for the possibility of setting up an office in Dubai. The organization is carrying an incubation program called Dubai 2020 and had already accelerated more than 300 startups in the process.
In their whitepaper, Revain ICO revealed that once the Revain blockchain platform is operating smoothly, they will expand to new markets. Their entry into gaming reviews could be the beginning of this expansion followed by other markets like e-commerce, booking, and FMCG. Revain determined that these markets, together with the gaming market would be the most profitable for them.
It seems that by Q2 Revain ICO’s review platform would be fully functioning as it is intended. The implementation of the Revain blockchain technology and the AI review analysis system would make the entire review process seamless and really immutable. The incentive system won’t be in place until Q3, though. It is still to be seen how it would affect the volume and overall quality of the reviews in the Revain blockchain platform. The gaming reviews are already anticipated so the ICO roadmap is already well-planned and if Revain ICO’s performance continue, everything will also be well-executed.
An ICO roadmap reveals more than goals, but also two things: the efficiency of the team behind the project and the efficacy of the project itself.