What is Revain (R)?
Revain takes advantage of blockchain technology to revolutionize the way that we leave reviews. It markets itself as the “first trustworthy review platform, built with blockchain technology.” This is the only business review platform that is based on the blockchain. Buy Revain (R) India with BuyBitcoin.
With the platform being a new generation feedback platform build on the blockchain technology, the platform aims to reinvent the review industry. Obviously, it’s an industry that needs a change – this booming industry has been fraught with peril and fraud as malicious users relentlessly write fake reviews. Also, a five-star review on TripAdvisor, Yelp, and similar rating websites can change the course of a business.
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How Does Revain (R) Work?
Revain describes its platform as “a new generation feedback platform” that’s “mostly based on the blockchain technology”. The main benefit of using blockchain technology is that Revain reviews cannot be changed or deleted. And, reviewers receive a reward for creating a review (they receive tokens).
Using blockchain technology, Revain has created an ecosystem where common users are motivated by a token called RVN. There’s also a second token called “R”. The two tokens have a nonlinear conversion mechanism.
The entire ecosystem is built on the Ethereum platform. The developers describe their review platform as “a transparent system, guaranteeing immutability and incorruptibility.”
One currency (R) will be used during the Revain crowdsale, while the second currency, RVN, is used as a stable currency within the platform to ensure prices stay fixed.
To start, Revain will offer reviews of ICOs and cryptocurrency exchanges before branching into restaurant reviews and other applications.
The Revain Team
The platform is led by Rinat Arslanov as the CEO. He is an entrepreneur with 10+ years in business, venture capital, and blockchain experience. Other key members of the team include Sergey Potekhin, who leads the development and blockchain design of Revain and holds the position of CEO of the Technology area; as well as developer Sergey Omilyanchuk, who is responsible for server and application architecture.
Who Can Use Revain?
For a very long time, businesses have relied on feedback from customers, which help build or sometimes even destroy businesses. According to the latest research, a lion’s share of customer reviews online turns out to be fake, and scams and fake news are rife and the companies that own the platforms even profit from advertising fraudulent websites.
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Companies with a bad rating and reviews get fewer customers and they need to improve their services or products to get more customers. Businesses must invest in a system where they can learn of the customers’ feedback in a timely manner, which will help them adjust their processes hence improving its performance and satisfy the customers.
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