Revain (REV) is a decentralized customer review platform. The protocol integrates a custom cryptocurrency and various proprietary features into its business model as a way to incentivize participants and reward users. Notably, Revain functions similarly to other popular review sites such as Yelp but with more options, transparency, and ROI opportunities.
What Problems Does Revain (REV) Attempt to Fix?
Today’s top review platforms suffer from a variety of issues. One of the main problems faced by these firms is a lack of transparency. Platforms such as Yelp and Trip Advisor help consumers to protect their interests. However, they don’t provide users with any way to confirm the validity of posts. Sadly, this scenario means that there is no way to tell if a review is accurate, sponsored, or altered using these networks.
This scenario has led to companies flooding networks with paid reviews and other methods to skew the results. Additionally, there are firms today that specialize in removing negative reviews from companies’ pages. This scenario leaves the average consumer at a disadvantage in that they are unable to confirm with 100 percent confidence that the information they received was accurate and authentic.
A New Approach
Revain (REV) users avoid these calamities thanks to the network’s decentralized setup. Unlike its centralized predecessors, all reviews made on Revain remain stored securely on the blockchain. The network employs a multi-chain verification system to ensure full transparency to users.
Reviews placed on the network can’t be changed or altered. This strategy improves accuracy as it prevents people from the temptation to erase inconvenient details. It also ensures that reviewers are more careful with their posts.
Benefits of Revain (REV)
There are a lot of benefits that make Revain (REV) a smart choice for users. For one, the network incentivizes independent authors to write reviews and attach ratings. Unlike Yelp or Google Business, users receive compensation based on the quality, popularity, and frequency of their reviews. All reviews that meet the criteria of the new reward system are eligible for these rewards. Best of all, users receive rewards when people read their reviews.
How Does Revain (REV) Work?
Revain (REV) operates on the Ethereum blockchain. The system improves security and accountability by posting all reviews to the Ethereum blockchain. Additionally, the system leverages Bitcoin’s blockchain as a way to ensure immutability. These data points combine with third-party providers to ensure the platform is up-to-date on all the latest developments.
Reviewers
Reviewers are one of the core components of the Revain (REV) ecosystem. These users earn rewards for their participation. Notably, Reviewers secure additional rewards based on the frequency and quality of their posts. Those who provide consistent and high-quality reviews can eventually qualify for an expert badge.
Expert reviewers gain some important advantages. For one, their reviews are more prominently shown on the platforms. Consequently, their reviews are more influential in the market. Additionally, these users receive more rewards for their efforts. Also, expert reviewers receive a boost to their social media as the platform helps to boost user awareness of expert reviewers.
Revain (REV) Artificial Intelligence
Revain (REV) integrates a powerful AI (artificial intelligence) algorithm to ensure the quality of user posts. This system checks each review for signs of plagiarism, offensive language, and quality standards. Posts that don’t meet the platform’s requirements get sent back to the drawing board. This approach helps to create more value and improves the overall effectiveness of the network.
Manual Verification
Each review gets sent to the company for additional approval. It’s here that firms have a chance to reply. Firms can approve, comment, or object to the review and state their reasons why. Once the review’s approval is complete, it gets automatically published to the network.
Mediation System
Whenever a company disputes a review, it goes for mediation. The mediation system acts as a second layer of quality control. Authors can receive penalties or rewards based on the accuracy and overall quality of their posts. If it’s found that an author acted in a malicious manner, the system will suspend them from the network.
Elastic Search
The Elastic Search feature enables users to find specific businesses or users in seconds. The protocol leverages a simplified search query. The results are that anyone can find the data they need quickly and without confusion.
REV
The REV token is an ERC-20 standard coin that enjoys full interoperability within the Ethereum ecosystem. The REV token serves multiple roles in the network. You can use it to buy RVN tokens and it’s also the primary reward token. It encourages reviews and provides a vehicle for users to withdraw RVN tokens to exchanges. Notably, all RVN rewards are converted to REV during withdrawal.
RVN
The primary utility token for the Revain (REV) platform is RVN. This token can be traded and used as a cryptocurrency to send value. Notably, RVN is a stablecoin pegged to the USD. Importantly, authors receive RVN as rewards for writing high-quality reviews. Network nodes earn rewards in RVN for hosting reviews as well.
Revain Widget
Companies can showcase their reviews directly on their website using the Revain widget. This easy-to-install widget provides businesses with a reliable way to improve customer confidence without sending users to a third-party website.
Bottom Line
Consumer reviews are one of the best ways for users to prevent losses. However, the current state of the market has led many people to lose faith in these systems. Users have weaponized bad reviews and companies have learned how to remove anything they deem unflattering from platforms.
Platforms such as Revain (REV) provide a more transparent and reliable alternative to the market. The network’s unique structure provides it with a combination of traits that the competition can’t offer. For these reasons, Revain has the potential to upend the review sector in the coming months as more users learn about its helpful features and services.
