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!
As with almost anything on the internet, cryptocurrencies are also subjected to scams. Those who are looking for the right cryptocurrency to invest in, need to be careful when buying ICOs (Initial Coin Offerings). With plenty of research about the subject, you can become successful in this digital coin industry.
Revain to the Rescue
Revain offers a new review system in accordance to blockchain technology. The main concept of Rvain is to eliminate reviews that are unreliable and deceiving. It uses a smart and advanced technology so it can deliver what it promises.
Revain has been making a name online and many cryptocurrency articles include the benefits of Revain to the industry. There is no question about it when it has become an efficient tool in the modern world.
How Revain Does Its Job
Online reviews are important to the buying public, as they help people make the right choice. If you want only the top cryptocurrencies to invest in, revain utilizes a machine learning technology and artificial intelligence feature that filter the content of the reviews on the Revain blockchain platform.
If you buy Revain, it ensures that you get honest and legitimate reviews. The filtration stage scans the content for any scam and malware. The smart technology makes it easy for revain to detect warning signs and clean them up before posting into the blockchain.
Revain caters to a variety of businesses. These consist of crypto exchange reviews and ICO reviews. When it comes to Revain coin review, users will be able to get ideas from other users about good, profitable investments and their experiences about ICOs.
With regard to exchange reviews, the revain system allows real users to post their experiences on the platform. Dishonest people and businesses, not to mention bots, have no room in the revain market. As it gives penalty to fraudulent reviews, one of the good things about revain is that it offers rewards to users who post authentic reviews.
Smart contracts protect the system, and legally allows it to remove tokens from any business or user who are proven to have done some fraud and dishonesty.
Two Currencies of Revain
Two currencies are needed in order for revain to work. These are also called tokens. R token is used in the event of the crowdsale by collecting funds. The other Revain token is the RVN, which is utilized inside the system. While R tokens are available in limited supply, the RVN helps the overall function of revain.
The R token increases its value over time, depending on the progress of the platform. On the other hand, the condition of the market will not affect RVN. You can trade revain on EtherDelta, Kucoin, Cryptopia, OKEX, and HitBTC.
When you think that scams and fake reviews are a hopeless case, Revain comes in and saves the day. It addresses this kind of problem with the help of blockchain technology, artificial intelligence, smart filtration process, among other effective modern innovations. Now, it is easy to know what cryptocurrency to invest in and succeed in this industry.
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.
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.
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.