Word of mouth has been an effective strategy for current marketing. It arises in different forms and is presently taking place in online feedbacks. Potential buyers commonly use reviews to learn what other customers are saying about a particular business on the internet. It helps firms receive search engine ratings. Through online reviews, any projects will gain more customers and more brand citations.
With the substantial impact that reviews bring, it is relevant for a business to get listed on a great review website. One of the best review platforms in this present era is Revain. This is the most promising podium for business evaluations.
Revain as the Most Honest Review Platform
Revain ICO happened on September 2017 four months after it was launched in public. It was indeed a very successful ICO project. The initial version of Revain Dashboard was released on November of the same year. The team continuously upgrades the system to enhance the features and boost the benefits it can provide. Just recently, Revain came up with the latest and updated version 0.8. Expect that it won’t be the last since Revain never stops improving itself.
Revain is an accurate and impartial review provider. As the most elevated platform, it contributes thorough and exact consumer experiences. It cuts down the existences of most significant problems that most review platform faces today including fake feedbacks and rating manipulation. Revain belongs to the list of leading websites of online reviews.
Revain serves as an essential marketing tool and intends to support all listed businesses achieve their success. It encourages users to write reviews, and all posted genuine feedbacks are highly appreciated. To motivate more, Revan pays back participants through token rewarding.
Blockchain technologies are assimilated with Revain. It helps the platform received the transparency and immutability it requires. All security levels are achieved with the use of blockchain technology and artificial intelligence.
Revain token: R and RVN
Unlike other crypto projects, Revain has two economic models. Revain coins are RVN an R. Both have different functionalities and usages inside the system. R was used in the initial token sale and is presently circulating within the market. It is used to gather funds for Revain developmental plans and progression projects. Official exchanges for R token are KuCoin, BTCAlpha, C-CEX, OKEx, KUNA, Yobit, Cryptopia, HitBTC, Mercatox, and ForkDelta. Its price moves on a changing motion and will usually depend on the market conditions.
RVN token, on the other hand, has a stable market value. Users that provide good quality reviews will receive this token as their compensation rewards. Revain pays them on behalf of the businesses where the feedbacks are intended for. Revain fee is obligations shouldered by companies. It includes the users’ rewards (RVN paid to users) and the Revain fee (profit for providing review platform). RVN is used to penalize users or companies for disobeyed rules and exceeded counts of unconstructive reviews.
Truly, Revain delivers online reviews that can efficiently drive business marketing efforts; it will increase the production and excellent reputation as well!
Almost a month ago, Revain launched the updated Dashboard Version 0.7 which is now moving the Revain into a much better and more reliable platform. It will create a stronger connection between the projects and the users. Revain has started experimenting on its established economic model as well.
This release is a step towards the real evolution of Dashboard architecture. With this development, it can excellently serve the community as the project tool for working with feedbacks and managing public reputation.
Revain is now doing specific project accounts launched in beta versions. This will allow businesses to do page managements on Dashboard including descriptions and logos editing. With this new version, companies can now reply to consumer reviews that will help improve brand reputation and awareness. All project accounts will contain sections for account settings, obtained reviews, project’s information and project’s list of followers.
Along with these changes is the growth of pricing page. The platform is currently in search of the perfect balance between user services and product monetization that the new subscription will bring. As of now, Revain has not announced any official prices regarding this matter.
What is thrilling in this version is the users’ reputation system. It will indicate the users’ total counts of karma. If karma is with a high number, the user has probably high-engagement reviews in history. Anyone can see how a user got karma by checking the user’s name and all reviews were written.
Any projects that have successfully launched ICO can be discussed in Revain. Users can post their pros, cons, and summary regarding a specific project, individual or organization with no worries that Revain might edit their reviews. They will receive RVN token in return. The primary goal is to do a friendly-user service that will provide constructive reviews for businesses. Moreover, Revain extended its access to Booking, FMCG, E-Commerce and Gaming markets.
Revain is the platform for dependable and rational reviews in the crypto industry which utilizes two different functional tokens, R and RVN. It uses Artificial Intelligence and multiple levels of security that protect the platform. It features a fair system, transparent platform, high-quality feedbacks, automatic filtration and AI to give the 100% user satisfaction and to create a better system. Revain gives more importance on reviews and how it can influence the business as a whole.
Revain has cooperated with IBM Watson. The Tone Analyzer Services can automatically define all emotions associated with the written reviews. All feedbacks will pass RAF, an automatic filtration. Reviews will be filtered in two ways, AI, and company. The company will manually decide if a review is approved or not. After this, a portion of feedbacks is saved in Blockchain Ethereum. There is also a Review Snapshot Storage where reviews are stored. Smart contracts are big helps to protect all reviews against modification.
The team wants to upgrade user experiences by totally redesigning the Revain Dashboard. It aims to give users new interface features, convenient services and cleaner platform appearance on the beta version.
Revain is the first of its kind to build a user-friendly service that will provide companies tons of feedbacks. Users are expected to share their authentic experiences while learning to others’ experiences at the same time. It uses highly modernized blockchain technology to secure the legitimacy of all reviews.
The customized algorithm of Revain Dashboard ranks crypto projects regarding popularity and user’s impressions. Anyone can participate on the platform and make influences or changes on this ranking. High-quality reviews help companies receive authentic feedbacks while rewarding the review creators.
How does Revain works?
Revain is far different from other review systems regarding filtration processes. Revain doesn’t need any third party to do verification methods. It has two stages, one for machine moderation done by AI and the manual moderation performed by the company. After this, every review will undergo automatic filtration or Review Automatic Filtering which is primarily based on neutral network and machine learning.
Revain has interacted with IBM Watson platform and can determine all its emotional component automatically by using Tone Analyzer Services. It will identify at least three factors (high Disgust, Sadness, and Anger) which indicate not quality reviews. It will then be marked as unconstructive one.
After passing RAF, the company which the review addresses will manually filter all feedbacks by either approving or rejecting it. If neglected, the company must write response comment, and that will be presented together with the particular review. It will immediately solve the issue.
Upon passing the manual filtration, part of review structure will be stored on Ethereum Blockchain, therefore, assuring it has not been edited. It is saved by Review Snapshot Storage or RSS, a kind of smart contract.
Only a part of reviews can be saved because it is economically not practical to keep all large data. That is why Revain decided to sacrifice structures integrity over decentralization and created Review Snapshot.
The Team Members
Rinat Arslanov acts as the Chief Executive Officer of Revain. He has more than ten years in the business as blockchain enthusiast and venture capitalist. Maksim Voronin takes charge of product visioning and developing as the current CTO of the team. Alexey Belashenko manages daily operations, and Alexey Abramov takes control on the implementation of the project. Katya Katana regularly monitor product designs and its development while Roman Ochnev leads the entire marketing strategy executions.
Vlad Bocharov is responsible for the corporate’s character and distinctiveness. Front-End Developer named Michael Ambukadze handles all application made by clients. Other team members are Elena Orsik, Bogdan Savin, Olya Green, Max Von Lüttichau, Shi Qun, Tatiana Muntyanu, Alyona Kazakova and Fedir Yuriev. Up to this moment, all of them are sharing their priceless contributions on the development and progress of Revain.
Dmitry Fedotov and Egor Vinogradov are the genius advisors of Revain. They are both experts in Artificial Intelligence, digital marketing, managing of markets and blockchain technologies.
Together, they do their parts and responsibilities to ensure Revain is still the best crypto investment!
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.
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 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.