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What is Revain (REV)?
Cryptocurrency can be understood as a form of online currency, which can be put to use for various purposes, buying and selling of goods and services on the internet are some of the examples. However, understanding the fact that despite the presence of several online currencies, not all of them come up in the spotlight, is very significant.
Revain is popularly known to be the very first platform that has merged blockchain technology with traditional review sites. In addition to that, one of the major advantages that make Revain stand out from the traditional review system is that once the submission of the feedback or the response is done, it is not possible to delete, edit or tamper with it.
The primary aim of the Revain platform is to develop a legitimate and authentic structure for feedback of all the products and services that make use of upcoming new technologies like blockchain and machine learning on a global level.
The main motive of Revain blockchain is to eliminate several problems faced in conventional review systems like spam or paid promotions and focus on providing honest reviews free from any kind of business.
Blockchain technology is implemented to ensure that the data is decentralized. Revain has gained much popularity since it claims to be an unbiased review platform that has implemented Blockchain technology and also helps the users or companies stay highly encouraged.
Like any other reviewing system such as Trip Advisor or Yelp, Revail also motivates the respective authors to write their reviews and provide proper ratings to them. When a post is made, Revain aggregates, approximate and finally displays the respective ratings or points on their platform. These final ratings are accessible publicly.
Additionally, the Revain platform has two types of tokens, the first is a dollar-pegged stable coin called RVN. It is often used to reward or penalize the customer or companies for their review process. The second is the utility token called the REV. This REV is generally used by the firms to motivate the users to provide feedback by allowing them to withdraw the RVN tokens which can be exchanged afterwards.
Who are the founders of Revain (REV)?
Revain was created by a group of tech experts in the year 2018 in Russia. Revain is a platform to take feedbacks, it is built using blockchain technology. It allows users to get rewards in exchange for providing valuable feedback.
Revain initially came into the picture in the year 2017 and since that time, it documents reviews, ratings and feedbacks of the companies, businesses and customers with the assistance of the Ethereum blockchain technology. And in return reward those users through Revain Tokens. In short, Revain allows users to provide significant feedback about their platform.
What makes Revain (REV) unique?
Since the introduction of Revain back in the year 2018, the platform has gained immense popularity and also claimed to have received a maximum count of online feedbacks from the users in the industry. The protocol which the company follows comprises seven major blockchain divisions, they are wallets, exchanges, casinos, cards, games, projects and mining pools.
One of the most vital aspects of Revain which makes it stand out from the rest of the blockchain-based tools is that it makes the use of two tokens to enhance the efficiency and productivity of its system. In addition to this, its collaboration with IBM Waston Tone Analyzer is one more vital component.
How many REV coins are there in circulation?
Revain has a circulating supply of about 480 Million REV coins. While its total supply is 60.6 Billion REV. Revain technology is considered as one of the prime alternative currencies which are to be introduced in the currently hyper cryptocurrency market.
Revain has gained much popularity since it claims to be an unbiased review platform that has implemented Blockchain technology and also helps the users or companies stay highly encouraged.
How does Revain (REV) work?
Revain technology merges manual review systems with artificial intelligence tools, to maintain the high quality of user feedback posted online. Legitimate reviews, Immutable information and a Stable system are some of the fundamental elements of the protocol.
Legitimate reviews: Revain technology claims to make use of just the genuine content from a wide variety of experts on its official web page. Stable System: The protocol followed by Revain executes with the help of two different sets of tokens called RVN and REV.
These tokens allow hurdle free functioning of the system. The RVN token is primarily used for enabling smooth interactions among the users on the platform. Immutable Information: The Revain platform prohibits regular customers to make alterations to the information of the other customers.
Whenever a user posts feedback on the Revain portal, it follows a three-step process, AI filtering, Manual Verification and Moderation.
In AI filtering, all the feedbacks are executed through a system called review automatic filtering or the RAF. In this step, fake reviews, spam or plagiarism is detected. In Manual Verification, after being checked, the feedback is then delivered to the company for approval.
Lastly, in moderation, in case of any dispute, it is the responsibility of the moderators to give the finalized verdict on any particular feedback.
Conclusion
In short, the Revain platform incorporates a rigorous procedure when it comes to posting feedbacks or ratings to the company’s platform with a motive to increase the efficiency of traditional feedback recording systems. Solutions provided by Revain are revolutionizing the validity of customer feedbacks and ratings.
It focuses to make customer satisfaction transparent and accessible publicly. Revain implements this with the help of enhanced technology, the blockchain technology along with two other tokens to ensure reliability and transparency in the review process.
Revain aims to grow this technology and its advantages into the world of booking, e-commerce, gaming, and the fast-paced consumer goods market providing a plethora of opportunities to start earning RVNs.
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