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Revain (R)

Market Cap

$108,303,759 USD

Volume (24h)

$3,289,382 USD

4.0
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Revain Markets Rank: 7/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Revain Volume Ratio Rank: 3/100

  • Market Cap

    The total cost of all coins available.

    Revain Market Cap Rank: 98/100

  • 24h Change

    Is the price moving up or down?

    Revain 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Revain Social Following Rank: 96/100

  • Google Trends

    How many users are searching for the coin?

    Revain Google Trends Rank: 10/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Revain Twitter Citation Rank: 35/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Revain User Voting Rank: 95/100

Revain investment analysis

R is a token based platform that plans to regulate the online reviews market. Their network will have both business and consumer users who can benefit by means of feedbacks. For businesses, they can acquire honest feedback about their products or services from real consumers in a fraud-free environment. For consumers, they will be able to earn a secondary, stable token of the network called RVN for completing assessments for merchants.

This platform aims to add transparency to the online review dynamic which will not only help buyers to choose appropriately when spending their money but also to up buyer confidence for trustworthy merchants and services. Read on if you're interested in a Revain investment.

How to buy?
current price
$0.22356
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+24.6%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.278551
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

136/1567
by Safety
1494/1567
by Profit
historical data

How to buy Revain?

You can buy Revain on many exchanges, but most of the top-level players are absent here. It does, however, have a high volume for both Bitcoin and Ethereum trading pairs, which gives you some options when you go to make your exchange.

This is an ERC20 token, and as such, it can be stored in any compatible Ethereum wallet. A few examples you might consider would be MetaMask for browsers, the Coinomi mobile app, or My Ether Wallet. Anything that allows Ethereum assets will suffice though.

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Is it safe to invest in R now?

Online reviews are big business, and that creates a big problem. Many sellers, especially on websites such as Amazon have been known to purchase fake feedbacks. In marketplaces such as these fraudulent reviews will bump you up in the search results.

Not only does this deceive buyers, but it also hurts other businesses which may have a better product but unfortunately, nobody will ever know about it. In addition, some other review platforms can also be bought off or may even hold the reputation of a provider hostage until they pay a fee to have these blemishes removed!

With R everything is on the blockchain, and after submissions are made they can not be removed. Merchants will have a chance to approve or reject their feedback, but they can not delete it. This simply gives them a chance to respond if they feel it was unwarranted, but it will still be up to buyers to decide who was right or wrong.

This is certainly a needed product, and it's probably the only one of its kind that I've seen. So as far as competition goes I think they may be in the clear. I could see different websites outsourcing their feedback collection to this provider in the future. Not only for the ease of use of not maintaining their own platform but as an added trust system since all feedback is reviewed by machine learning algorithms to weed out spam and fake profiles.

I will say that I'm not sure that incentivizing reviews with tokens will lead to honesty among those who post their "opinions". In addition, I do have some reservations about the ability of their system to actually catch fake reviews.

While it would be very obvious how to filter out some spam accounts I feel that someone who is getting nicely compensated for a feedback by a merchant would find it easy to beat this system. Still, the idea is appealing, and if they can train their AIs properly it could be very valuable for many people for both transparency in product searches and for data collection for marketing purposes.

Their service is starting out in the area that has the most need: ICOs. When was the last time you read an honest review for an ICO? Probably never. Most of them plagued by referral links, which can be good, but often are used just to get a click and some free tokens.

The only question is whether Revain will be able to deliver on this supposed transparency. I have my doubts, but the platform is interesting enough that it might be worth it to invest in R token. If this platform gets picked up by big players in e-commerce and online shopping it could be a very big deal. While all of that is still most likely very far off in the future it's still an intriguing solution.

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