Afterward, the coin never really recovered and continued to drop in price. Consequently, the coin’s price also crashed, leaving it with a price of $0.18 by the end of 2018. The coin continued its uptrend for two additional months, reaching a new all-time high in June 2018 with a trading value of $4.49.Īfter this extreme journey for the coin, the whole cryptocurrency market crashed. Only two months after being introduced to the market, Revain’s price had increased as much as 1842%, setting a new all-time high of $1.36 per coin. As for Revain, it entered the market with a trading value of $0.07. When compared to their initial price, most cryptocurrencies show a huge positive difference, having way more value than when they first entered the market. The cryptocurrency market has been around for more than a decade, experiencing tremendous price movements. For people who are interested in Revain, they offer an educational resource for newcomers known as Revain Academy. If they find malicious activities, they penalize the companies or the authors, and sometimes even suspend them.Īs of December 2020, Revain has listed 4799 companies and has accepted more than 27000 reviews from 16000 authors around the world. During this stage, moderators double-check the reviews left and the feedback left by the companies on the second stage of verification. To wrap it up, some qualified individuals known as moderators, investigate and pass the final judgment on reviews.After that, the review is manually verified with the help of the company or project that the review was for.This system is built to detect fake reviews, spam, and plagiarism. First off, all data is run through an automatic filtering system known as Review Automatic Filtering (RAF).Revain claims to have high-quality and unbiased reviews, but how do they do it? After your review is submitted on their platform, it goes through a three-part filtering process: You must convert your RVN token rewards to REV tokens in order to withdraw them to a wallet or to trade them on the open market. Because it is built on the Ethereum blockchain, it is an ERC-20 token. REV token is the main token in this network. RVN is also the token that Revain users are rewarded with for using their platform and leaving high-quality reviews. We must mention that Ravencoin (RVN) is a totally different coin and has nothing to do with Revain stable coin RVN, even though they have the same ticker. RVN token is considered a stable coin with which all transactions inside Revain are made. Revain has two native tokens: RVN token & REV token. One of the features that enhances user experience is Elastic Search, used by Revain to optimize search questions and make it easier for its users to access information. Additionally, Revain uses Bitcoin’s blockchain to guarantee that all comments and reviews are not altered in any way. Revain is built on the Ethereum blockchain and uses it for recording all REV token transactions. It is built on blockchain technology and claims to be an unbiased feedback platform. Revain was founded by Rinat Arsalanov in 2018. Let us first begin by explaining how Revain came to be. But what is Revain? How does it work? Does it have a future? Can Revain be the solution to the above-mentioned problem? Throughout this article, we will do our best to answer all of these questions. What this industry needs right now is an unbiased feedback platform to aid the customers and provide them with realistic reviews left by previous customers. This problem is continuously growing, with fake reviews increasing from 30% to 35%-40% in a matter of months. According to Saoud Khalifah, the founder of FakeSpot, about 35-40% of reviews on huge companies such as Amazon or eBay are fake. Even so, not all reviews help establish a realistic image of a certain product. Reviews play a huge role in this industry because of the transparency they offer for the client. After that, the second thing you should do is check the reviews under the item that you are interested in. But how can you know if purchasing a product on a specific website is safe? Of course, you should first check the website you are trying to purchase from. From counterfeit products to disappearing orders, the e-commerce industry is not that safe of a place. Yet, this growth does not mean that the credibility of online stores has increased. The E-Commerce industry grew hugely after the pandemic hit, with people being locked in their homes and not being able to physically purchase nearly anything.
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