Review of the Cryptocurrency Revain: Features and Prospects

More than 2000 different projects are represented on the cryptocurrency market. But the overwhelming majority of ordinary investors can name only the first 10-20 coins from the global CoinMarketCap rating. In our today’s article we will go down below, namely to the 65th place. So, let’s talk in a more detailed way about the features and prospects of the Revain cryptocurrency.

Content
(please, click the topic to scroll down to it)

  1. History and the main features
  2. Security
  3. Price and capitalization
  4. Mining
  5. Where to buy and where to store?
  6. Conclusion

1. History and the main features

The project`s creators have faced a real problem, which consisted in the impossibility of obtaining reliable information about the work of companies. The matter is that bots are operating on many forums. Their main task is to publish positive comments and remove negative ones, regarding to the activities of various companies. Because of this, the future potential client can not get the correct information about activities of a service.

Against this background, the idea of creating the own fair platform, on which anyone could share their experiences of working with a certain company, appeared. The open blockchain technology is able to solve the problem of managing customers’ feedbacks. All users’ comments will be stored in the registry, respectively, it will be impossible to change or delete them after publication. Before publication, all comments will undergo a two-step verification. This is necessary to weed out the false comments.

With this idea, the developers conducted an ICO in 2017 and collected over 9 million dollars on it. This is how the Revain project appeared, the main task of which is to control honesty and transparency of comments left on the Internet. This platform has protective mechanisms against bots attack, in the form of restriction – one user can leave only 5 reviews per day. All comments will be stored in a special repository, the algorithm of which is based on a smart contract Ethereum. Because of this, the possibility of deleting reviews is excluded.

Now the service is in a test mode. Works to introduce artificial intelligence and expand the functionality of the platform are underway.

2. Security

As mentioned above, all comments and other data are held in the storage, which was created on a basis of Ethereum smart contract. Of course, this does not protect the system by 100%, since there is a probability of vulnerability in the smart contract itself. But in general, the information and funds of investors are protected by the etirium system, which inspires confidence.

3. Price and capitalization

The Revain coin takes 68th place in the CoinMarketCap global ranking. The token`s price now is $0.159, total capitalization is a little bit over $61 million.

4. Mining

Coin`s mining is not provided, all tokens were issued immediately, their emission amounted by 1 billion pieces. Partners were allocated 100 million tokens, 700 million were put up for sale, and the remaining 200 million were reserved by developers for operational needs.

5. Where to buy and where to store?

The question of the storage of this asset is absolutely simple, since the token R was released on the basis of the ethereum platform. For this reason, it can be stored on absolutely any wallet that supports eth.

The cryptocurrency Revain can be bought on several exchanges, the most popular of which is the Kucoin exchange.

6. Conclusion

The Revain is quite interesting and ambitious project. After all, the idea of honest and objective feedback is really needed, by the consumers as well as the companies themselves. The future of the project depends on the development team and faith of the investors. The coin has a good chance to grow in value, but it should not be bought for more than 1% – 3% of total investment portfolio.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/