Revain (REV): Crypto Platform for Honest Reviews

Modern reviews help consumers make informed decisions about companies, products and services. Yet many people who rely on review sites fail to realize that they can't always trust what they see on their screens. Whether the site offers star ratings, written reviews or a mix of both, serious problems can exist with the content of the information.

Review sites often contain fake reviews that are designed to harm a company, and spam or paid reviews paid for by companies and individuals to promote or damage brands. Additionally, many companies successfully manage to delete negative reviews. As a result, review sites often inadvertently give more weight to positive reviews. Some sites also prioritize displaying positive reviews over the latest or worst reviews, potentially creating the misleading impression of a problematic company being portrayed positively online.

Revain aims to resolve these issues by leveraging cutting-edge blockchain technology to make its review ecosystem more accurate and safe from outside influence.

Key Takeaways:

• Revain is a crypto review platform that offers high-quality honest reviews brought about by blockchain technology and artificial intelligence, which work together to curate and store reviews.

• Revain employs a dual-pronged motivation and penalization system for its review process. 

• Revain's review process is powered by a two-token cryptocurrency model made of REV and RVN tokens.

What Is Revain Crypto?

Revain is a review platform that aims to provide a single space for consumers to find honest reviews of companies and their projects, products and services. The company uses a format similar to that of popular platforms like Amazon, Tripadvisor, Trustpilot and Yelp, whereby individuals can write reviews and choose ratings of up to five stars. Revain uses a combination of artificial intelligence (AI) and blockchain technology to analyze and record reliable reviews that cannot be manipulated.

In addition, Revain provides two native cryptocurrency tokens, REV and RVN, with Ethereum and Tron foundations. These tokens act as an incentive for all platform users and companies to behave in an honest fashion.

How Revain Works

The Revain platform serves both companies and consumers. It's the main space for the reviews and ratings consumers that provide as feedback. The Revain Widget offers businesses a tool to embed reviews from the platform on their websites to use as testimonials and build a more positive brand reputation. 

Revain Review Process

Revain uses a three-tiered process to guarantee honesty and create trust in the online word-of-mouth wilderness. It starts with an artificial intelligence (AI) filtering system known as Review Automatic Filtering (RAF), specially trained to detect insults and copied content in actual reviews, fake reviews and various forms of spam.

Once a review passes this stage, it then undergoes manual verification by a moderator, who can choose to hide the review if they find problems with it. The moderator then proceeds to publish the approved review on the decentralized blockchain ledger, and the review is permanently logged on the blockchain. If the review is edited, the hash code in the blockchain will be changed as well. This enables anyone to check the blockchain to confirm whether the review has been modified. 

Once the review is published on the blockchain, the company may proceed to read it. If the company decides to object to the review's claims, they’ll need to write a comment, which will be published alongside the review. If the company decides to dispute one or more claims made in the review, the moderators will proceed to investigate the case to uncover the truth. Moderators reserve the right to penalize any party they believe has acted dishonestly, or with malicious intent, via fines or an account suspension.

Source: Revain white paper

Revain Rewards and Penalties

Revain has a rewards system in which users receive both RVN and REV tokens for writing high-quality reviews. The internal RVN token works only on the Revain platform, so you must convert RVN to REV in order to trade it on crypto exchanges. Companies who register with the Revain Widget determine the amount of REV rewards a user receives for posting a favorable review of at least 2,000 characters in length. 

Besides receiving rewards when your review gets accepted by a company, you can also gain REV tokens for viewing published reviews for a minimum of 30 seconds and for participating in various Revain events.

Penalties or token-based fines in RVN tokens serve as a pain point to motivate every user to be truthful and do the right thing on the platform. For example, fines encourage review authors not to lie about companies, products and services. They also motivate companies not to dispute reviews that they know contain accurate details, however unfavorable they may be.

Revain Crypto Tokens

Revain has two crypto tokens that power its platform, REV and RVN.

REV

The REV token, a utility ERC-20 and TRC-20 token formerly known as R, draws reviewers to Revain's platform with a tangible reward. Revain used the R token from its launch in November 2017 until Apr 1, 2020. It then performed an automatic 1:1 swap of the R token and the REV token in every user's wallet. REV has a current total supply of 85.06 billion coins and a circulating supply of 84.55 billion (as of Aug 2, 2023). 

RVN

RVN is a stablecoin used within Revain to reward users for high-quality reviews, and to penalize users and companies for improper acts. One RVN is equivalent to 1 USD. It's important to note that the Revain RVN token is often confused with Ravencoin, which also has the RVN ticker designation but can be traded on exchanges.

Revain Crypto (REV) Price Prediction

Revain’s price history reveals a great deal about the future of REV tokens. When first released, REV was valued at $0.10. It bubbled up until the May 2018 crypto crash, which was caused by a combination of factors, such as massive media interest, sudden buying followed by fast selling, crypto scams and hacks, and changing crypto market sentiment. At its height, REV was valued at $4.49.

After the crypto bubble broke, REV dropped below $0.10 by Sep 2018. Since then, it’s experienced a few short-term spikes but has remained, for the most part, under $0.05. That said, at the time of this writing (Aug 18, 2023), the value of REV has dropped far below a penny, sitting at $0.00018 with a market cap of approximately $185 million. 

Will REV ever return to $0.10, or possibly even reach $1? It's unlikely. Looking at its history alongside current world events, most Revain price predictions indicate a potential minuscule rise for the token over the next several years, without any significant positive changes.

DigitalCoinPrice believes that REV might reach a maximum of $0.000664 by 2025 and a maximum of $0.00195 by 2030. Meanwhile, CryptoNewsZ anticipates Revain’s price will achieve a high of $0.000844 by 2025 and $0.00287 by 2030.

Is Revain a Good Investment?

As of August 2023, Revain crypto isn't considered a good investment.

Since the May 2018 crypto crash, it has yet to rise enough to be of real value, even during the recent bull market. Furthermore, given that Revain is also a Russian-based crypto platform located in Moscow, it may not be wise to invest in it because the Russia-Ukraine war continues to rage, and the international community has hit Russia with many sanctions.

Note that this guide and commentary don't represent financial or legal advice. It's vital that you do your own research to determine if REV is the right investment for you. 

Conclusion

By performing your own research on the Revain platform’s products, you position yourself well to make informed decisions about this innovative approach to common, disquieting online feedback and review problems. With the current growth in technologies that companies, individuals and criminals can easily use to manipulate the truth, it's more important than ever that websites provide a thorough cross-section of honest, reliable reviews.

Through secure, failsafe decentralized blockchain and other technologies, as well as AI filtering and multiple manual checks, Revain can better provide consumers and companies unbiased reviews free of misinformation and manipulation.

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