Revain

The First Blockchain-based Review Platform for Crypto Community.

home link https://company.revain.org/

reference material Whitepaper.pdf

Community

Market
115.85 KRW
Exchanges that listed the coin
15
Symbol
R
Dapp
To be released
Project introduction

By earning reputation for various services such as exchanges and cards in R services, you can earn money by earning token rewards and selling the rewards you earn to the exchange.

Executives and partners

RINAT ARSLANOV

CEO

ALEXEY ABRAMOV

CTO

ALEXEY BELASHENKO

COO

ROMAN OCHNEV

MARKETING

VLAD BOCHAROV

DESIGNER

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Medium

Building Blockchain Busines...

By Elise LeiseWhether you’re a startup seeking to capitalise on blockchain’s potential or an established business aiming to remain on the cutting edge of technology, it’s time to launch your blockchain-related projects into consumer markets. According to Cognizant’s recent global survey of 1,520 executives, businesses agree that they should take steps to aggressively invest in blockchain-based innovation. Yet, many will fail to do so due to a lack of knowledge and skills. For that reason, we’ve created a simple road map to guide you through the initial steps of building blockchain into your business.A quick note before we begin: although blockchain has now been around for a decade, it’s matured over the past few years from a highly volatile, get-rich-quick technology into a sphere filled with developers, financial experts, and intrapreneurs who are in it for the long haul. Blockchain, rather than remaining a pipe dream for would-be millionaires, is now an integral aspect of many a Fortune 500 business’ innovation strategy.According to Cognizant, it’s a necessary step for you to take to keep up with a rapidly changing digital world. To all the businesses that are still testing proofs-of-concept (POC) internally, the digital consultation company criticises the hesitation to launch solutions; instead, declaring that “the stakes of blockchain are too high for financial services firms to take a wait-and-see approach.”That’s why we advocate starting small, building upon your capabilities, and testing in the real world to make the intimidating task of getting familiar with blockchain effortless.Block By BlockEvaluate the benefits of decentralizationBefore you start hiring expensive blockchain developers, ensure that blockchain is the best way to meet your business goals. While it does offer unprecedented advances in immutable records, transparency, and security, blockchain isn’t duct tape — you can’t simply stick it anywhere and expect it to hold your business together. Embark on the next steps only if decentralisation will help you achieve concrete goals in a way that a centralised system cannot.Analyse blockchain use casesAccording to Cognizant’s recent study, 53% of executives in cited their inability to understand blockchain ‘use cases’ as a major stumbling block, even though ‘use cases’ are simply potential situations in which the technology can be used. For blockchain, common examples range from supply-chain management to transparency in healthcare, and innovators constantly add new possibilities to the list.If you’re interested in running through the full range of options, here’s a comprehensive list of 21 potential use cases.Use cases help you determine what blockchain can and can’t do for your company. Yet, while it’s valuable to explore all the options, you eventually have to decide which use case is best suited to meet your business goals. To do so, it’s often useful to get advice from your IT department or reach out to a blockchain consulting group.Select the appropriate platformThey say that choice breeds indecision, whether you’re shopping in a megamall or selecting a blockchain platform. Just as Bitcoin paved the way for a plethora of cryptocurrencies, there are now over 25 platforms on which you can build a blockchain-based business. How do you make a selection? Forget the until-death-do-you-part narrative when it comes to choosing your platform. This isn’t Romeo and Juliet; rather, businesses achieve success by avoiding commitment to a single network in the early stages of their blockchain pilots.With this mindset, you leverage the unique strengths of each blockchain platform while distributing risk in the case that any single platform fails. For instance, one of Japan’s largest banks, Mizuho Financial Group, uses Ethereum for smart contracts, Interplanetary File System (IPFS) for decentralised file transfer, and BigchainDB for decentralised storage.Communicate blockchain benefits to stakeholdersUnless your team is planning on going rogue, the next logical step in the process is that you present your use-case model, preferred platform, and implementation plan to senior leadership. Since applying blockchain often leads to re-imagining current or “legacy” systems to optimise the technology’s strengths, a cross-functional team should be built from the very start.Your blockchain-based business shouldn’t originate from IT and remain misunderstood by business sponsors and other key stakeholders. When you involve strategic partners, the people who matter will understand the bigger picture and the role blockchain can play in achieving your business goals.Set clear objectives independent of cost-benefit analysesTo avoid the pitfall of spending time and money developing internal systems that never make it into the real world, set targets to which your business can measure progress. Clear objectives also force you to regularly define how blockchain will contribute to your long-term strategy and prevent you from simply “jumping on board the blockchain bandwagon,” as Gartner Fellow and vice president Ray Valdes puts it.How does blockchain fit into your 2030 roadmap?To give you some ideas, executives and companies in Cognizant’s study cited improved data management, greater transparency, improved risk management, increased speed of digitisation, and process automation as the most compelling reasons for implementing blockchain.Secure talent and expertiseFor a startup, a competent team is crucial to your credibility when you’re launching your whitepaper and trying to crowdfund your blockchain project; for established businesses, your team needs a balanced skill-set to integrate blockchain into your organisation’s structure.Whether you’re building a team from scratch or considering hiring a few additional blockchain professionals, it’s best to consider developers, technology architects, finance experts, and media specialists whose expertise collectively lies in risk management, cryptography, product strategy, and analytics.“Easier said than done,” you may be thinking. Yet, according to LinkedIn, the number one emerging job in 2018 was that of blockchain developer, and a Leathwaite report claims that if you offer a supportive work culture, equity in the blockchain-based project, and locate in a hub for rising professionals, you’ll be able to source strong candidates.Road-test new processes“They say no plan survives first contact with implementation. I’d have to agree.”— Mark Watney, The MartianIf there’s one main idea you take away from the block-by-block concept, it’s that adding blockchain capacity to your business model is a process. First, develop a proof-of-concept, or pilot, to give your team expertise in dealing with the technology. Then, present your master plan to senior management and start road testing blockchain slowly but surely. Finally, once you have a clearer idea of the issues you need to address, you can focus on scaling up the solution and adjusting your processes in a way that complements blockchain’s natural strengths.Three, Two, One…Take OffThere you have it: we’ve covered the building blocks to launch or integrate blockchain into your business. Your competitors are already starting to take notice. Out of Cognizant’s executive respondents, 91% stated that blockchain would be “critical” for survival in the coming years. With that in mind, the players who will stand out will be the ones who use a structured process to build their blockchain system, block by block, and launch their project into the real world.Deliberate, Create, IterateSimilar to learning how to ride a motorbike or mix a mean drink, blockchain-based development or integration takes time to perfect. You can refer back to your initial goals and assess progress; but often, the most valuable metrics come from unbiased stakeholders in the form of reviews.Revain’s blockchain-based review platform for the crypto community encourages users to share their experiences via high-quality feedback. Positive reviews highlight your strengths and move your project or exchange higher in our ranking system, while user criticism helps you identify and overcome your stumbling blocks. Let’s put it this way: Revain enables your business to conduct market research and refine your blockchain strategy.Remember, Rome wasn’t built in a day. When building the best blockchain-based business possible, block-by-block is the name of the game.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Building Blockchain Businesses: Block by Block was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 05. 08

The Safest Way to Store Cry...

By Oliver FreemanThe beginning of 2019 has been tough for a myriad of cryptocurrency exchange platforms. Exchanges are known to be the safest and most reliable platforms on which users can trade their cryptocurrency to legitimate buyers and sellers, with gold-standard security measures protecting both parties throughout the entire transaction. Unfortunately, 2019 has cast doubt into the minds of avid followers and fans of the various platforms, as hackers have successfully breached a number of them and disappeared into cyberspace with traders’ crypto wealth.At the start of the year, QuadrigaCX claimed to have ‘lost’ access to $150 million USD worth of Bitcoin, Ethereum, and various other assets. Cryptopia was also a victim of a devastating attack in January, forcing it to close down for a time. The issue seemed to have passed, and the crypto exchanging community started to relax, assuming that these two cases were isolated anomalies in an otherwise well-protected system. March then came around, and DragonEx, a Singapore-based exchange, was hacked — the news was revealed in an announcement stating that user funds and the platform itself were “transferred and stolen.”CryptopiaOn January 14th, Cryptopia suspended trading and shut down its platform for “unscheduled maintenance,” without any prior warning to its users. After 20 hours of confusion en-masse, the staff at Cryptopia released a note on their Twitter page and then a tandem letter, revealing to its users that Cryptopia had suffered a “security breach” and that they had incurred “significant losses.”Cryptopia was, at the time, unable to provide an accurate account of the total amount lost and was unable to conduct the necessary investigation to find out. As a result, Elementus, a well-known American blockchain research unit, began to dig into the data in the search for an explanation of when and how the breach had happened. The Elementus research team produced an in-depth report outlining the severity of the attack on Cryptopia, concluding that in excess of $16 million USD worth of ERC20 tokens and Ethereum had been stolen from more than 76,000 different wallets. The ERC20 tokens included $2.4 million USD worth of Dentacoin and $1.94 million USD worth of Oyster Pearl, as well as lesser amounts of TrueUSD, ZRX, Augur’s REP, Sirin Labs, and OmiseGO.At the end of February, the company announced that they were working to get back on their feet, with the intention of reopening the Cryptopia exchange in the near future. Alongside the announcement, the team told its users that they had calculated an estimated maximum of 9.4% of Cryptopia’s holdings were compromised.DragonExDragonEx has been a force within the cryptocurrency exchange industry for seven years. It is known as a bastion of both reputability and reliability, echoed by its partnership with the Revain Review Platform. Unfortunately, on the 24th of March, DragonEx also became the victim of a savage cyber attack. Initially, the company stated that they had taken the system down to conduct “system upgrades,” but the following day announced that they had suffered from a security breach.TokenPost reported on the latter announcement by DragonEx that, “DragonEx suffered [an] APT attack,” which led to 7.09 million USDT worth of assets being stolen, including bitcoins, ether, EOS, XRP, and XEM, among others. The posting by DragonEx has since been removed from their website. The Exchange has since announced that it is working alongside the Hong Kong Cyber Security and Technology Crime Investigation Bureau, who has started a special investigation team to analyse the security breach.DragonEx is currently undergoing the process of assessing the full damage to its assets, while simultaneously trying to track and retrieve them. Although not fully confident in their pursuit of retrieval, they announced their intention to compensate all the affected users. To do so, DragonEx “will issue 7 million USDT value of Dragon Bond, which is 1:1 with USDT.”The prospect of blockchain technology being successfully breached is baffling in itself, and neither Cryptopia nor DragonEx understand quite how their systems were accessed by malicious entities. Cybersecurity firms and companies are collaborating to work out what went wrong; but to this date, they are not entirely sure.With that in mind, and the clearly shown risk of allowing blockchain exchange companies to hold cryptocurrencies and assets on your behalf, there is no time like the present to explore alternative methods of storing your crypto assets.The Best AlternativeYou have two choices when it comes to cryptocurrencies: you can leave your assets in the hands of a third party, or have them secured on a platform that only you can access. It would make sense to avoid leaving your cryptocurrencies in, potentially, insecure accounts on the various crypto exchanges that you may use, which have proven themselves to be vulnerable to security breaches. You need to transfer your assets over to a secure crypto wallet, instead.What is a Cryptocurrency Wallet?A cryptocurrency wallet is the blockchain equivalent of a bank account, run through software. Cryptocurrency wallets are a safe haven where you can store any currencies that you possess. A wallet is designed to monitor and store your public and private keys, platform your cryptocurrency transactions, and interact with a myriad of blockchains.There are numerous wallets available on the blockchain, and they all vary. One thing that is consistent, however, is the inclusion of private keys — secret codes which allow you to use your coins in transactions. These private keys are stored and secured within your wallet, on the platform of your choice, and are only accessible to you.Why they Suit YouThe wallets are diverse and accessible to all, through various methods. Each wallet can be accessed through a mobile application, a website on your computer, or with hardware which stores your keys offline. There are two types of classifications. They are called ‘hot’ and ‘cold’ wallets.A Hot or Cold WalletHot wallets are connected to the internet at all times, through computer and mobile software. They can be accessed by the user at any time from the cloud. If you regularly trade cryptocurrencies, a hot wallet is the ideal storage method for you. Just remember that as long as you are connected to the Internet, you may be susceptible to prying eyes.Popular options:JaxxExodusInfino WalletCold wallets are the polar opposite, as its name suggests. They are situated on hardware — a USB stick, usually — and are not connected to the Internet, which provides an offline haven for your cryptocurrency assets. With a cold wallet, you can receive funds at any time, but nobody can transfer them out. If cryptocurrencies are part of a long-term investment plan, a cold wallet is perfect for keeping them secure for the duration.Popular options:TrezorLedger Nano SKeepKeyMyEtherWallet (MEW) has introduced a new form of hot wallet, created by a team who are dedicated to bringing their users the most secure cryptocurrency haven, online and offline. MEW supports a number of different wallet types, including hardware wallets such as Ledger Nano S or Trezor, and third-party wallets like MetaMask.Theft and ScamsCryptocurrency wallets will keep your currency safe as every private key is unique and generated in a secure manner — they are controlled and accessible. The only fault that can be found in a wallet is its user; if you choose to generate your keys on a compromised computer, or you generate them while others are watching, the security of your cryptocurrencies becomes compromised.Unfortunately, human error or malicious human intent is the very reason for this article. Blockchain technology is known to be an impenetrable power, but recent security breaches of cryptocurrency exchanges have refuted this belief. Cryptocurrency wallets are the option that you should choose to secure your funds that currently sit on crypto exchanges to ensure that any future breaches to third-party software do not negatively affect your personal assets. That said, it is clear the DragonEx and Cryptopia are looking to resolve their unfortunate breaches while implementing better security standards.You can track the progress of both companies on Revain, a peer-to-peer decentralised review platform. Revain provides you with insight into the stature and ratings of cryptocurrency exchange companies and features a community of avid tech-savvy, blockchain enthusiasts, who will advise you on reputable and reliable exchanges, wallets, and keep you current on the newest advancements as they develop.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|The Safest Way to Store Cryptocurrency was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 30

Building A Blockchain-Based...

By Elise LeiseAs blockchain nears its tenth anniversary, Satoshi Nakamoto’s brainchild has proven itself to be an incredibly resourceful platform. The infiltration of blockchain technology in recent years, has subsequently touched almost every industry, from banking and finance to procurement and healthcare. Thus far, the adoption of blockchain is shaping up to mirror the explosion of the Internet, propelling us into deeper into the Technological Revolution.The International Data Corporation predicts that worldwide blockchain spending will top $11.7 billion USD in 2022, up from $1.5 billion in 2018. For now, as a distributed, decentralised platform, it entices early adopters with the promise of combating fraud, corroding corruption, and delivering the power of data back to the people.Businesses who conduct research into how to promote and monetise platforms on the blockchain have cornered an incredibly lucrative, ever-growing market as blockchain explodes into the mainstream. Thus, blockchain technology is a topic which you need to take the time to fully comprehend.Promotion to the PopulaceBlockchain companies face the considerable task of communicating a complex subject to potential users. After all, John Oliver described, blockchain is an unfortunate intersection of “everything you don’t understand about money combined with everything you don’t understand about computers.” In this case, the age-old adage of build it and they will come just doesn’t apply, as adopters need to understand why they should trust this new technology and what they can take away from it.Another Block in the Chain, Pt. 1: EducationContrary to Pink Floyd’s riff that “we don’t need no education,” it is essential to keep your users and investors informed as to which technology you will be using and the steps you plan to take to make your vision a reality. To explain this, businesses traditionally release white papers with a concise summary of the business’ primary goals, future potential, and the launch plan. The white paper is a chance to show users and potential investors how you intend to use the power of blockchain.Another Block in the Chain, Pt. 2: User EngagementIn a bold countermove, Facebook, Google, and Twitter have now banned ads for crypto services in an attempt to crack down on consumer scams. Yet that’s simply a challenge to get a little inventive. While outreach pages on Facebook, LinkedIn, Twitter, and our vast array of mainstream social media platforms are perfect for engaging with a mainstream audience, communities that are backed by schools of thought that break away from the norm are built elsewhere.There are a number of safe havens for blockchain followers, hidden in plain sight. Rapidly growing in numbers, they can be found on websites and forums such as Reddit, Quora, Revain, Github, and Bitcointalk. Away from forums, there are also large followings on upcoming messaging platforms, such as Slack and Telegram.Monetisation DeliberationWhen it comes to launching a blockchain-based business, the question is, subsequently, that of money. Namely, where do you get the startup capital to create a successful company, and how do you find a reliable revenue source?The majority of companies that move onto the blockchain begin their journey with one of two methods. Primarily, they present a white paper and announce their plan to launch an Initial Coin Offering (ICO), or they aim to catch the eye of venture capitalist firms. Whichever route they choose, they invariably attract a great deal of interest and subsequent revenue.Once startups acquire the necessary funds to launch their project, they turn to a multitude of options to sustain their business. Companies such as Blockcypher charge fees in exchange for the use of their API and infrastructure. Deloitte and IBM craft custom projects for other businesses; Chain charges small subscription fees for network transactions; and Bloq relies on enterprise customers reimbursing them for platform uptime and maintenance. There’s no shortage of options.Here are a couple of blockchain-based companies which can be heralded as game-changing examples when it comes to the process of promoting and monetising a startup.HyperledgerAn open source project launched by The Linux Foundation in 2016, Hyperledger is the equivalent of a greenhouse for blockchain businesses, incubating a multitude of frameworks and tools. The founders of this global initiative include leaders from finance, the Internet of Things (IOT), manufacturing, and supply chains — and they possess a grandiose vision. If Hyperledger achieves its aims, blockchain will transcend boundaries between industries to enable open source innovation at a scale as never before seen.CommunityTo build a community around their project, Hyperledger created meetups, offered easy-to-access collaboration tools, and provided a plethora of webinars, videos, and tutorials. What’s more, they’re pioneering some potentially groundbreaking programs, sponsoring 15 student developers to learn firsthand from active Hyperledger developers, partnering with the Canadian government to cut red tape and save billions for businesses, and cementing their reputation as a thought leader at blockchain conferences worldwide.Corporate BackingBusinesses that are formed by corporate interests and backed by influential investors often forego crowdfunding initiatives. They may charge users for additional software and support services, but their strong financial backing promises a good solid beginning.MonethaThen there are businesses like Monetha, which monetised its platform with a crowdfunding campaign that raised $37 million USD in 18 minutes. That’s over $2 million USD per minute. If you’re not backed by venture capitalists or huge corporations, you’re wondering two things: what did they do and how can I copy it?Monetha hit upon a brilliant market opportunity when they realised that with the digital advancement came an Achilles’ heel; nefarious players scammed users with fake and illegal accounts, thus eroding trust in e-commerce. Their solution? A peer-to-peer review system that allows buyers and sellers to earn reputation points and ratings based upon past transactions, effectively re-introducing credibility to online commerce.Mission-Based MessagingMonetha excels at showing why their system is important for the integrity of e-commerce markets. They clearly highlight their unique value proposition — that their Reputation Platform engenders a sense of security when it comes to buying goods and services online — and provide high-quality product education to their users through their knowledge centre.From Marketing to MonetisationBy creating a strong community prior to launch, Monetha ensured that their crowdfunding campaign achieved enormous success. While they decided not to offer a pre-sale option, they did encourage early investment by offering a 20% bonus for the first €7 million EUR contributed. They shouldn’t have worried; their hard cap of 95,000 ETH was easily attained in the investor excitement that followed and a mere 18 minutes later, Monetha earned a slot in the blockchain history books.As for ongoing monetisation, Monetha charges merchants a 1.5% transaction fee for purchases fulfilled through their platform — a sustainable, simple, and savvy business model.Collaborating for ChangeTo build a successful blockchain-based business, you must follow the trends of leaders within the tech community. That’s why, as this technology takes off, Revain engineers are developing a community platform where crypto-enthusiasts of all kinds can exchange experiences, ideas, and advice. Hosted on the blockchain, each review will be immutable, unbiased, and open to all.Thus, whether you’re seeking to promote and monetise your business or stay on the cutting edge of industry developments, The Platform will equip you with the community-based knowledge you need to succeed.While you’ll have to wait a short period of time for its official launch, our engineers are steadily working behind the scenes. Want to stay in the loop? Watch our Medium page for new updates, so that when the time comes, you’ll be one of the first to know.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Building A Blockchain-Based Business was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 22

Democratisation of Data

By Oliver FreemanBlockchain technology has been around for a while now; from a sheer novelty, or a questionable idea, it has quickly become a part of popular culture and it is beginning to rival traditional methods of centralised systems. You could say that, with all the advancements that blockchain technology has made, it has unleashed a technological genie out of its lamp.Currently, data is becoming increasingly valuable; everything that we do on the internet leaves a carbon-esque footprint, a data mark, and giant corporations lap it up like a dog at the water bowl. This isn’t too shocking, given that it provides them an additional revenue stream. Blockchain, with its decentralised nature, aims to take the aforementioned revenue stream away from the corporations who hold it, by democratising data.Data DevelopmentJust for a moment, I’d like you to consider the quantity of data that humans produce during everyday life, through their use of technology — anything “technology”, or at least the majority of gadgets and gizmos that are connected to the grid process and record data — a computer, a traffic light, even a ‘smart’ refrigerator, just to name a few.The Silicon Republic found that, according to a McKinsey & Company projection, a connected car uploads 25 gigabytes of data per hour of use. Just to put that statistic into perspective for you, that equates to the streaming of approximately 25 hour-long programmes on Netflix. The data will be, and already is, sold to and used by companies who develop new, better-developed data harvesting technologies. It sounds like an evil genius’s plan from a graphic novel. But giant corporations are, in a way, playing the pseudo ‘good-guy’ by giving data back to the people. They do so by providing newly founded concepts and prospects of driverless vehicles, timely public transport, and smart road technologies, for example, which, on the down low, costs us more money. See what’s happening here?What is Big Data and Why is it PowerfulIf you haven’t clicked away yet, let’s talk about it. Big data is a superpower in its own right and it’s just as discreet as real-world superpowers are now. We produce and give away data on a daily basis without even realising it; every time we accept a ‘cookie’ on a website, we give corporations the ability — and the right — to track our online movements and harvest our data. When we make a statement on Facebook, Twitter, and Instagram, or comment on a YouTube video, data is being hoarded by the platform owners and it is being sent (sold off) elsewhere. Our relative vanity and desire for ‘likes’, retweets, or ‘claps’ on this particular platform and our craving of engagement and validation across social media is a huge ‘cha-ching’ moment for giant corporations.Generally speaking, data is harvested by corporations so that they can analyse what people do on any given technological front so that they can build a bigger picture of patterns, trends, and actionable information. Often the harvest is driven by giant corporations and the “one-percent’ group so that they can better improve their products and services to suit consumer needs. Really, it sounds like a very benevolent move, but in reality, it is the way that the one-percent stay as such. They capitalise on data to the benefit of their back-pocket, and they share their insights with their fellow corporation owners.In some regards, you could say that they take from us what we deem to be of no value, and they turn it into an asset, giving it a value, and subsequently, they monopolise it. To quote a popular saying, “one man’s trash is another man’s treasure.”Why “Democratising” it is so ImportantThe democratisation of data is important for a myriad of reasons, but most importantly, it is a way to educate the masses and show them that what they think has little or no value is actually a resource that can be leveraged. Individuals and, more specifically, companies are interested in our data. To get hold of it, they give money in exchange for access to giant corporate stockpiles. Theoretically, the same rule would apply if we held our own data in a private place. Research institutes and companies who need the data would pay a pretty penny to take it from you.Pretty penny though it may be, there currently isn’t a marketplace for what would be classed as micro-transactions, given the minuscule size of our personal data piles in comparison to the collations that giant corporations hold. There are, however, data marketplaces where harvests are put up for sale unbeknownst to us, and it commands a hefty price tag.So, to summarise, the democratisation of data is incredibly important if we want to realise a society where we are in control of our own information and giant corporations aren’t able to capitalise upon it without our permission. More recently, there have been suggestions that we could, realistically, take this power away from corporations and better control our own data’s fate.How Blockchain can Level the Playing FieldBlockchain technology is currently pushing the boundaries of our traditional, centralised society, by offering an alternative to the norm. The idea of taking power away from the systems that we use and depend upon on a daily basis seems like a very far-fetched, arguably impossible, feat. However, developers within the peer-to-peer, decentralised safety of the blockchain haven are shifting their focus from creating borderless currencies and the implementation of smart contracts. Instead, they are looking to move the data marketplace to the blockchain platform.The premise is that if a consumer wishes to control and profit from their own data, blockchain technology is the perfect platform to use. Wibson, a blockchain-based, decentralised data marketplace, is at the forefront of this development. The group “provides individuals a way to securely and anonymously sell validated private information in a trusted environment.”The blockchain is both a buyers and sellers paradise. With its transparent nature, blockchain allows both the buyer and the seller to sign and execute smart contracts, which trigger the transfer of an encrypted data transaction. The seller is able to keep their anonymity while presenting their data on the marketplace; the smart contract locks in the quality and accuracy of the data and transfers it off-chain to the buyer, who can contest any discrepancies if they are the recipient of misleading data.Another plus for sellers is that they are able to control their sale. By this, I mean to say that they can choose how much data they would like to sell, the conditions for its use, and the set price for it.Blockchain technology is allowing for a whole host of developments which will take power away from traditional, centralised systems to be replaced by an equal, transparent community that features honesty and accountability — a democratic system, enforced by technology. The aim is to positively impact society and force a revolutionary change.Championing the cause, engineers at Revain are working towards the creation of blockchain-based platform for the sake of the (not too-) common people. The goal is to provide a platform for transparent and accountable transactions among a community of like-minded enthusiasts, entrepreneurs, techies, and general consumers where transactions of assets, such as big data caches, can commence without the regulation, monopolisation, or the unwarranted third-party interference (read: fees) typical of traditional “centralised” systems. While there is a ways to go before this platform is ready for prime-time, the time is now to position ourselves among the mighty. When a community of like-minded, driven people comes to fruition, where a common goal is shared, all sorts of great things are bound to materialise. The power of one becomes two and it continues to multiply; the larger the movement, the bigger the impact, the better the change. Watch this space for updates on Revain’s progress.It is clear that the blockchain’s decentralisation can offer a genuine alternative for people’s freedom of data. If successfully implemented, the democratisation of data will lead to the downfall of covert data-hoarding by giant corporations and put an end to their capitalisation and monopolisation of other people’ data. The changes in tech and blockchain are fast-paced, often ground-breaking, and will contribute to a better, fairer, decentralised world.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Democratisation of Data was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 04

Revain Monthly Report: Marc...

Another month has passed, and we continue to deliver you summaries of project’s activity during that time boiled down to the most crucial points. If we were to concise it even beyond what we already do, it would’ve been enough to say that March has been pretty active for Revain, even despite some unfavorable news. So now, least we adjourn any more than necessary, let us go over what exactly had made this month a success.March 1. We’ve expanded upon the list of cryptocurrency wallets available for review on Revain.March 11. A currently-in-development status, Revain Experts, is announced, Revain Experts Application is created to discover the fitting candidates amongst our community.March 13. Revain platform is updated. An addition of an option to leave comments under Reviews and blog-posts is declared.March 14. Revain Author of the Month competition announced, the prize pool is 2500 R.March 18. Revain is listed on DigiFinex. R/BTC and R/ETH pairs are being traded.March 20. A competition is launched to encourage the trading of Revain on DigiFinex.March 26. One of the exchanges Revain is listed on, DragonEx, has been hacked. 138k R tokens were stolen.March 29. The reworked search function was released, new functionality implemented; now it’s much easier to find related information.Here’s a list of most prominent articles concerning Revain, both third-party and our own, of the past month.1) Revain on Medium: Crypto Trends and Tendencies: New legislation around the worldhttps://medium.com/revain/crypto-trends-and-tendencies-new-legislation-around-the-world-57794f012e0b2) Revain on Medium: Successful ICO Model: A case studyhttps://medium.com/revain/successful-ico-model-a-case-study-766f009088233)Revain Blog, Beginner’s section: All you Need to Know about Huobi Token — Complete Guidehttps://revain.org/beginners-section/what-is-huobi-ht-token4) Revain on Medium: Tech Companies Capitalising on AI and Blockchainhttps://medium.com/revain/tech-companies-capitalising-on-ai-and-blockchain-a03b6099b7825)Revain Blog, Beginner’s section: The 6 Most Anonymous Bitcoin Walletshttps://revain.org/beginners-section/anonymous-bitcoin-wallets6)Revain on Medium: How to Train Your AIhttps://medium.com/revain/how-to-train-your-ai-98113bdac1017)Revain Blog, Beginner’s section: What is KuCoin Shares (KCS) — Complete Guidehttps://revain.org/beginners-section/what-is-kucoin-shares-kcsJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: March 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 03

How to Train Your AI

By Sherise TanWhen most people think about artificial intelligence (AI), ideas of self-driving cars and robots often come to mind. However, many do not stop to think about the process of how AI works to make these conveniences come to life. By being fed large amounts of data, AI is trained through machine learning (ML) and deep learning to gather insights from data and automate tasks at scale. The machines learn how to analyse and make predictions — to “think” as much like humans as possible.So how long does it take for AI to be trained? It could take hours, weeks, and even longer. The answer really comes down to factors such as hardware, optimisation, number of layers in the neural network, size of your dataset, and more.To get a better idea of this, let’s examine how AI training works and what it requires.Machine Learning vs Deep LearningThe whole process of training AI is a highly complex and fascinating one. Within the field of AI research, machine learning is garnering much attention and accolades.Machine learning is a subset of AI that allows computer systems to automatically learn and improve, without being programmed by a human. Machine learning uses algorithms that discover patterns, then modifies itself as it is exposed to more data — it adjusts in accordance to the data that it has been exposed to, much like a child who learns from his experience.Subsequently, deep learning is a more specialised approach to machine learning that uses artificial neural networks to mimic the human brain in processing data. The computers learn through positive and negative reinforcement, relying on continual processing and feedback. Examples of applications of deep learning are image recognition technology and speech recognition voice assistants like Siri or Cortana.Deep learning relies on its “deep” and multiple layers of neural networks. Each neuron on the network consists of a mathematical function that is fed data to be transformed and analysed as an output. The computer learns how to weigh the importance of each link between the neurons to create successful predictions. Deep learning is especially helpful when it comes to solving complex problems with different variables.In machine learning, relevant features are extracted from the images, whereas deep learning is an end-to-end process where features are automatically extracted. Deep learning also has the ability to scale with data as networks improve and when the amount of data increases. However, with this increased input of data, comes an increased computing power and training time.What is AI Training Like?The actual process of AI training itself involves three steps: training, validating, and testing. By feeding data into the computer system, it is being trained to produce a particular prediction with each cycle. Each time, the parameters can be adjusted to ensure that the predictions become more accurate with each training step.The algorithm is then verified by running validation data against the trained model. New variables may need to be adjusted to improve the algorithm at this stage. Once it has passed the validation stage, the system can be tested with real-world data that have no tags or labels. This is the time to see if the algorithm is ready to be used for its intended purpose.Of course, there are ways to shorten the timeframe of AI training. Creating a deep learning model from scratch can take days or weeks to train, because of the large amount of data and rate of learning.Instead, most deep learning applications use a process called transfer learning, where adjustments are made using a pre-trained model. By tweaking an existing network, fresh data can be added and new outcomes or tasks can be trained. Not only does this require less data — from millions to thousands of images — training times can also decrease to minutes or hours.Feature extraction is another method of deep learning. It involves extracting a layer from the neural network that is tasked with learning a certain feature from the images and using that feature as an addition to another machine learning model.What Needs to be in Place?While the process of AI training can be time-consuming, there are also several other requirements that can affect the AI training process:DataAs data is an integral piece of the algorithm puzzle, having a clean and accurately labelled dataset is key. By inputting accurate data into the algorithm, it follows that you will have accurate outputs, resulting in a more efficient and timely training process. For example, for driverless car development, a dataset can include millions of images and thousands of hours of video.HardwareDeep learning requires vast amounts of computing power. This means having high-performance Graphics Processing Units (GPUs) combined with clusters or cloud computing to reduce deep learning training time from weeks to hours. As AI training can be done in parallel, setting up a system where you can train on multiple GPUs, or in a cluster can help accelerate training.Having special equipment like the Nvidia Tesla V100 GPU and DGX1 server is essential for heavy-duty training needs. These can cost a pretty penny, from about $10,000 USD for the GPU and $149,000 USD for the server. Alternatively, you can rent hardware that is platformed in the cloud from providers like Amazon Web Services, Google Cloud, and Microsoft Azure.SoftwareWhen renting computing infrastructure, each cloud provider has its own automated machine-learning software such as Microsoft’s Machine Learning Studio, Google’s Cloud AutoML and AWS SageMaker. Others may also utilise deep learning software such as Google’s TensorFlow and Pytorch to design training models.DevelopersThere is a shortage of experienced AI developers in the world, with an estimate of less than 10,000 people who have the relevant skills for AI research. AI specialists are so highly sought after that they are paid anywhere from $300,000 to $500,000 per annum in salary and company stock, and academics from top universities are being lured away to work for tech giants. Developers are not only required to have a Ph.D. in computer science, but also need expertise in different disciplines like C++ programming, STL, and have a background in physics or life sciences.How Blockchain Can Help with AI trainingWith all that said, blockchain technology is a new innovation that can expedite AI training. Since obtaining large datasets for AI training can be difficult, emerging blockchain startups are finding new ways for blockchain and AI technologies to work together to decentralise the ownership of data, making it available to the masses for collaboration and expansion.For example, some startups like Datum, Synapse, and Computable are building data marketplaces, where participants receive tokens in exchange for sharing their data with businesses. Other startups like Numerai allow data scientists to propose models to solve machine learning problems in exchange for compensation with NMR tokens.There are many benefits that occur when blockchain and AI converge, including the fact that blockchain can help to decentralise AI, keeping it independent and autonomous from any particular corporation, as well as ensuring the process is protected with encrypted data.Thus, while AI training requires technical expertise and oftentimes huge investment in the process, new innovations like blockchain-based data marketplaces are emerging to supplement this area. The convergence between blockchain and AI seems to be the next natural step that could be the catalyst for a new pace of innovation for AI training.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How to Train Your AI was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 28

Tech Companies Capitalising...

By Oliver FreemanA decade ago, blockchain took the world by storm — a hyperbole filled craze which, for many people, seemed like a temporary novelty with its promise of a distributed, decentralised public ledger that would challenge and overcome traditional systems and institutions.Yet, much like the story of David and Goliath, blockchain stands strong and has garnered the backing of a myriad of followers in an attempt to fight institutional giants of this world. Through this struggle, many successes have been achieved and numerous developments made, ranging from the development of applications, security systems, currencies, and new payment systems, just to name a few.A more recent trend, however, is the creation of blockchain-based decentralised applications (dApps) combined with the power of artificial intelligence (AI), allowing for autonomy and independence from governing corporations, moving us one step closer to the elimination of many monopolies.Blockchain and AI: A powerful pairingAcross the tech ecosystem, the use of AI is becoming more prevalent to, among other things, collect data and build behavioural algorithms. To stay competitive, companies across the spectrum are adapting and incorporating this new technology into their products and services — which comes with challenges of its own.Many crypto startups are pushing to create a new form of data marketplace which democratises access to AI data and allows these visionaries to share their data with projects and people that need it. Due to the fact that these marketplaces are powered by blockchain technology, there is no handling of files other than between the providers and users, keeping sensitive data from the prying eyes of reigning tech giants.Here are a few blockchain-developed companies that have successfully implemented AI into their services, and have made their foray into eradicating the monopolisation of data.Neureal.netFounded by Wil Bown in 2014, a prolific crypto miner and winner of the Million Dollar Texas Bitcoin Hackathon, The Neureal Foundation’s aim is to grow the world’s largest decentralised repository of predictive intelligence. Their software, Neureal, is an open-source, peer-to-peer AI supercomputer.As seen in the Neureal White Paper, The Neureal Foundation used a staggered, four-stage funding process and has spent the undisclosed final sum to produce the first software of its kind. The software utilises decentralised protocol technology to produce distributed AI architecture, providing an infinitely scalable live data stream prediction, powered by blockchain tech.Neureal gives individuals and SMEs access to an AI component that they wouldn’t usually be able to leverage. Their goal is to allow anyone to be right about anything, forever — which would remove the necessity of handling data of any size, and eliminates the cost burden of supercomputing.The system is built in a modular fashion, so that components can be chopped and changed whenever necessary, to fit with any industry. Its prospects are endless: Neureal’s architecture is capable of predicting a heart attack accurately enough to save a life and can predict a hurricane accurately enough to warn people of the danger. It can even predict traffic and human patterns so sufficiently that companies like Lyft and Uber can adjust their routes and navigations to suit.There’s still a long way to go for this startup, but as the foundation says, “Neureal gives humans the power to become limitless by predicting the future of anything.”Dopamine.aiIn an age where data is becoming the fuel of the global economy, Goliaths such as Facebook, Apple, and Microsoft have monopolised the data market into a proprietary asset that drives their own profits. Centralised ownership of data is, clearly, becoming a problem. Founded by Uri Yerushalmi in 2017 and funded through a series of ICOs, Dopamine.ai believes that the monopolisation of data stifles data monetisation potential — meaning that when an entity controls all the data, others are unable to make money from the buying, selling or trading of said commodity.According to Dopamine’s whitepaper, they found that data monetisation will become one of the primary sources of revenue in an economy that will create 180 zettabytes of data — 180 trillion gigabytes, to put it into perspective — by 2025. That’s if the data market becomes more democratic and tech giants stop monopolising the marketplace for the data they hoard.In an attempt to force this change, the Dopamine network intends to be a disruptive solution to the current data and AI monopoly. Dopamine provides a decentralised marketplace on the blockchain platform for data providers, processors, and end users, that features frictionless micropayments for exchanging data by removing the middleman and all associated fees and third-party interference. They raise barriers which allow smaller tech companies to enter the data and AI industry.NumeraiNumerai was founded in late 2015 by Richard Craib. Using his connections in the economic sphere, Craib crowdsourced the platform with backing from Peter Diamandis, Renaissance Technologies co-founder Howard Morgan, and Union Square Ventures. As it stands, Numerai believes that the stock market predictions are inefficient when it comes to machine learning (ML), as only a fraction of the world’s data scientists has access to its data.Numerai proposes a new system for data scientists to communicate their beliefs about the quality of the current stock market prediction system. This system comes in the form of a decentralised hedge fund where thousands of data scientists from across the globe pool their intelligence together on the Numerai platform. On the platform, data scientists are constantly working on AI and blockchain problems. Given that there are so many contributors, there are often myriads of solutions to one problem which Numerai combines into a metamodel. This metamodel is classed as invisible super intelligence and is used to produce the most accurate possible predictions for the stock market movement.In the spirit of keeping things interesting and accountable, whenever a scientist proposes a new model to Numerai, they must back it with a portion of their NMR (Numerai crypto) token. If their proposed model is approved and chosen, his/her stake will be doubled or tripled in return. Numerai also runs a competition whereby scientists create models based on raw data on ML problems which Numerai provides, rewarding them with Numeraire (NMR) cryptographic token. This system pushes scientists to do their very best work — proven by the fact that they have earned over $7 million USD in NMR tokens to date.A Wider PerspectiveThe Numerai platform concept has a larger appeal if one can take a giant step back from the forest. In a similar vein, engineers at Revain are diligently working towards the creation of such a community-based platform where like-minded enthusiasts, entrepreneurs, techies, and general consumers alike can gather to exchange ideas, perspectives, and experiences, all on their blockchain-based system, providing transparent and unbiased reviews that are completely immutable. When a community develops around a central theme or goal, sharing knowledge, opinions, insider experiences, and recommendations, all sorts of great things are bound to materialise. If two minds are better than one, how awesome would be 100 or 1,000? While there is a way to go before The Platform will be ready for prime-time community collaboration, the engineers are working out the code as we speak. Watch this space for updates on Revain’s progress.From these innovative projects, it’s clear that the marriage of blockchain and AI is reproducing companies that already demonstrate vast potential, and who are swiftly revolutionising traditional systems across the spectrum. The changes in tech are fast-paced, often ground-breaking, and will contribute remarkable findings and knowledge to our world and the businesses that span across it.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Tech Companies Capitalising on AI and Blockchain was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 20

Successful ICO Model: A cas...

By Oliver FreemanAs the world enters an era of technical wizardry, tech-savvy people are jumping at the opportunity to invest in the latest cryptocurrencies and platforms. The startups that endured have seen their crypto coins and platforms soar in value, while others failed and upon their quiet slip into obscurity or grand exit under the glare of media attention took investors dollars right along with them.Raw Model StartupWhether soaring or falling, though, startups have all needed a foundation from which they can develop their new projects. Initial Coin Offerings (ICO), which is becoming one of the biggest and most well-known trends in the cryptocurrency sphere, has, for the majority, become said foundation. Initial coin offerings have allowed many new ambitious projects to raise funds from supporting investors. Through this modern, revolutionary concept, investors pay into the project in return for a proportionate amount of their new cryptocurrency. Immense project funding has been raised this way.In 2017, the EOS Blockchain platform launched its smart-contract platform for building decentralised applications. The platform, created by Block.one, boasted an all-star team of prominent names within the cryptosphere: between them, Block.one, Bitshares Blockchain, Blockchain Capital, DNA, Ricardian Contracts, Steemit, Tether, and triple-entry accounting had all been created.What makes a successful ICO?The success and traction of an ICO are often judged by its popularity, level of investment and the media attention that it gains. EOS certainly gained plenty and, in the knowledge that their investments were in the safe hands of reputable crypto developers, investors jumped at the opportunity to get involved, and EOS’s startup ICO grew to astronomical levels. In its opening five days, EOS investment broke records, hitting $185 million USD, eventually reaching a figure of 5,148,884.15 ETH by the end of its year-long period.The White Paper: Brilliant IdeaThe new platform was initially proposed in the EOS.IO Technical White Paper as the dawn of a new era for blockchain computing. Developed in a way that made it similar to the operating system of a computer, EOS.IO relies on existing blockchain architecture that features both vertical and horizontal scaling of decentralised peer-to-peer applications (dApps).EOS’s ambitions were, and still to this day are, to develop the world’s most robust infrastructure for decentralised application development, providing a regulating set of services and functions that dApps could leverage to assist and ease their development process. The system would include “databases, accounts, authentication, asynchronous communication, and the scheduling of applications across many CPU cores or clusters.”Funding and PartnershipsTo build an economy for this new blockchain, Block.one intended to launch a year-long, uncapped token sale. The sale would take place on the Ethereum blockchain, with the issuance of an Ethereum-based ERC20 token, known as the EOS token. After registering for a mandatory token swap, these ERC20 tokens would be converted to EOS tokens on the EOSIO platform.To aid EOSIO in the pursuit of their EOS platform, Block.one created the EOS VC and has partnered with and secured investment, nearing $1 billion USD from the following organisations:Tomorrow Blockchain Opportunities. A partnership worth $50 million USD.Galaxy Digital LP. A joint venture to create the EOSIO Ecosystem Fund, worth $325 million USD.FinLab AG. A partnership to create a $100 million USD Europe-focused fund.A partnership with industry specialists, Michael Cao and Winnie Liu, to create a $200 million USD fund, to be used on Asia-focused EOSIO projects.EOS Global. This is a $200 million USD venture fund, investing in entrepreneurs and developers leveraging EOSIO technology to create a more efficient and aligned society.SVK Crypto. A partnership with the London-based Investor in blockchain technologies, worth $50 million USD, and will be used “to accelerate the development of the EOSIO blockchain ecosystem.”It is worth noting that, while EOS has secured a $325 million USD investment to create the EOSIO Ecosystem, on their new platform the EOS.IO Technical White Paper states that holders of the EOS tokens will be responsible for managing and maintaining the blockchain’s ecosystem, achieved by voting for different block producers that mine blocks and maintain the network.Marketing and PublicityThe popularity of EOS came, in part, from an excellent PR campaign. Block.one, as stated by Coindesk, “made a public relations splash, hosting numerous informational sessions, sponsoring post-conference receptions, giving out free t-shirts and even advertising on a Times Square jumbotron”. Furthermore, the executives of the company spoke at a myriad of conferences and met colleagues and potential clients at “meetups” in some major cities across the globe to explain and elaborate on their new idea.But it wasn’t all smooth sailing for the startup. During the early stages of the ICO, EOS itself fell afoul of hype-ridden information. When John Oliver, host of ‘Last Week Tonight’ aimed to dampen cryptocurrency by stating that cryptocurrency combines ‘everything you don’t understand about money, with everything you don’t understand about computers,’ he went on to say:“Who knows? Maybe EOS is going to be the next Google. I don’t think it is, and I certainly don’t think it can be worth over a billion dollars at this point, but I could be wrong. I’m absolutely not, but I could be”As Phineas T. Barnum once said, “There’s no such thing as bad publicity.” And Oliver couldn’t have been more wrong about EOS’s estimated projection, which, as of March 8, 2019, sits at over $11 billion USD according to Revain’s Review Platform. Fortunately, Oliver failed to damage the reputation of the platform and may, instead, have contributed to its wild success.The TeamEOS also built a team of professionals — of the highest calibre — who were also familiar faces within the cryptosphere. This drew potential investors in simply due to the prospect of these developers working together. The initial team of founders included Block.one CEO Brendan Blumer, crypto veterans, Brock Pierce and Ian Grigg, as well as EOS’s CTO, Dan Larimer, a prolific blockchain problem solver and developer. If ever you needed to choose four men to provide a blockchain education masterclass, the majority of the community would elect these four to provide it.Follow ThroughFrom the original EOS.IO Technical White Paper up until the present day, EOS has kept their word. According to the EOS.IO GitHub page, there are still 222 issues to resolve, and 3,897 which have been successfully addressed to date. January 2019 saw the release of EOSIO v1.6.0. On the platform, there are now 460 live projects as shown on EOSindex, which tracks the number of dApps on the EOS platform.Among these projects, one of particular note is Everipedia, ”an Encyclopedia for the modern age,” which, back in 2017, caught the attention of Larry Sanger, the co-founder of Wikipedia, who opted to join the block.one team, as its Chief Information Officer. Upon his entrance, Sanger made the following statement:“The biggest problem with online information today is that it is centralised and controlled by a very few players, that it benefits to have the most salacious and hype-ridden information. We can do much better.”Where are they now?All-in-all, the EOS ICO proved to be an incredible success, and investors interested in the project can monitor all the EOS development on the Revain Platform — the first blockchain-based review platform for the crypto community, exercising the provision of transparent and unbiased reviews on blockchain technology and developments.EOS has come a long way in a short space of time. The developers are swiftly moving towards the finish line of their project, and the EOS token is well-circulated with market predictions suggesting that its value will soar over the coming years. The platform has seen the successful implementation of both vertical and horizontal scalability, interchain communication and DPoS, the combination of which has allowed EOS to process nearly 3,000 TPS, breaking another blockchain record.The EOS story is far from over, in any case. With plans to introduce asynchronous byzantine Fault Tolerant (abFT) and Universal Resource Inheritance (URI), aiming to provide the gold standard for security systems among distributed systems, as well as challenging the current social norms surrounding property rights with URI. Causes which we could all, perhaps, get behind, showing that ESO has achieved its claim by ushering a new era of blockchain development to the forefront of crypto pioneering. It can be said that EOS is the most ambitious, but, arguably, the most successful ICO that we have witnessed, to date.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Successful ICO Model: A case study was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 14

Successful ICO Model: A cas...

By Oliver FreemanAs the world enters an era of technical wizardry, tech-savvy people are jumping at the opportunity to invest in the latest cryptocurrencies and platforms. The startups that endured have seen their crypto coins and platforms soar in value, while others failed and upon their quiet slip into obscurity or grand exit under the glare of media attention took investors dollars right along with them.Raw Model StartupWhether soaring or falling, though, startups have all needed a foundation from which they can develop their new projects. Initial Coin Offerings (ICO), which is becoming one of the biggest and most well-known trends in the cryptocurrency sphere, has, for the majority, become said foundation. Initial coin offerings have allowed many new ambitious projects to raise funds from supporting investors. Through this modern, revolutionary concept, investors pay into the project in return for a proportionate amount of their new cryptocurrency. Immense project funding has been raised this way.In 2017, the EOS Blockchain platform launched its smart-contract platform for building decentralised applications. The platform, created by Block.one, boasted an all-star team of prominent names within the cryptosphere: between them, Block.one, Bitshares Blockchain, Blockchain Capital, DNA, Ricardian Contracts, Steemit, Tether, and triple-entry accounting had all been created.What makes a successful ICO?The success and traction of an ICO are often judged by its popularity, level of investment and the media attention that it gains. EOS certainly gained plenty and, in the knowledge that their investments were in the safe hands of reputable crypto developers, investors jumped at the opportunity to get involved, and EOS’s startup ICO grew to astronomical levels. In its opening five days, EOS investment broke records, hitting $185 million USD, eventually reaching a figure of 5,148,884.15 ETH by the end of its year-long period.The White Paper: Brilliant IdeaThe new platform was initially proposed in the EOS.IO Technical White Paper as the dawn of a new era for blockchain computing. Developed in a way that made it similar to the operating system of a computer, EOS.IO relies on existing blockchain architecture that features both vertical and horizontal scaling of decentralised peer-to-peer applications (dApps).EOS’s ambitions were, and still to this day are, to develop the world’s most robust infrastructure for decentralised application development, providing a regulating set of services and functions that dApps could leverage to assist and ease their development process. The system would include “databases, accounts, authentication, asynchronous communication, and the scheduling of applications across many CPU cores or clusters.”Funding and PartnershipsTo build an economy for this new blockchain, Block.one intended to launch a year-long, uncapped token sale. The sale would take place on the Ethereum blockchain, with the issuance of an Ethereum-based ERC20 token, known as the EOS token. After registering for a mandatory token swap, these ERC20 tokens would be converted to EOS tokens on the EOSIO platform.To aid EOSIO in the pursuit of their EOS platform, Block.one created the EOS VC and has partnered with and secured investment, nearing $1 billion USD from the following organisations:Tomorrow Blockchain Opportunities. A partnership worth $50 million USD.Galaxy Digital LP. A joint venture to create the EOSIO Ecosystem Fund, worth $325 million USD.FinLab AG. A partnership to create a $100 million USD Europe-focused fund.A partnership with industry specialists, Michael Cao and Winnie Liu, to create a $200 million USD fund, to be used on Asia-focused EOSIO projects.EOS Global. This is a $200 million USD venture fund, investing in entrepreneurs and developers leveraging EOSIO technology to create a more efficient and aligned society.SVK Crypto. A partnership with the London-based Investor in blockchain technologies, worth $50 million USD, and will be used “to accelerate the development of the EOSIO blockchain ecosystem.”It is worth noting that, while EOS has secured a $325 million USD investment to create the EOSIO Ecosystem, on their new platform the EOS.IO Technical White Paper states that holders of the EOS tokens will be responsible for managing and maintaining the blockchain’s ecosystem, achieved by voting for different block producers that mine blocks and maintain the network.Marketing and PublicityThe popularity of EOS came, in part, from an excellent PR campaign. Block.one, as stated by Coindesk, “made a public relations splash, hosting numerous informational sessions, sponsoring post-conference receptions, giving out free t-shirts and even advertising on a Times Square jumbotron”. Furthermore, the executives of the company spoke at a myriad of conferences and met colleagues and potential clients at “meetups” in some major cities across the globe to explain and elaborate on their new idea.But it wasn’t all smooth sailing for the startup. During the early stages of the ICO, EOS itself fell afoul of hype-ridden information. When John Oliver, host of ‘Last Week Tonight’ aimed to dampen cryptocurrency by stating that cryptocurrency combines ‘everything you don’t understand about money, with everything you don’t understand about computers,’ he went on to say:“Who knows? Maybe EOS is going to be the next Google. I don’t think it is, and I certainly don’t think it can be worth over a billion dollars at this point, but I could be wrong. I’m absolutely not, but I could be”As Phineas T. Barnum once said, “There’s no such thing as bad publicity.” And Oliver couldn’t have been more wrong about EOS’s estimated projection, which, as of March 8, 2019, sits at over $11 billion USD according to Revain’s Review Platform. Fortunately, Oliver failed to damage the reputation of the platform and may, instead, have contributed to its wild success.The TeamEOS also built a team of professionals — of the highest calibre — who were also familiar faces within the cryptosphere. This drew potential investors in simply due to the prospect of these developers working together. The initial team of founders included Block.one CEO Brendan Blumer, crypto veterans, Brock Pierce and Ian Grigg, as well as EOS’s CTO, Dan Larimer, a prolific blockchain problem solver and developer. If ever you needed to choose four men to provide a blockchain education masterclass, the majority of the community would elect these four to provide it.Follow ThroughFrom the original EOS.IO Technical White Paper up until the present day, EOS has kept their word. According to the EOS.IO GitHub page, there are still 222 issues to resolve, and 3,897 which have been successfully addressed to date. January 2019 saw the release of EOSIO v1.6.0. On the platform, there are now 460 live projects as shown on EOSindex, which tracks the number of dApps on the EOS platform.Among these projects, one of particular note is Everipedia, ”an Encyclopedia for the modern age,” which, back in 2017, caught the attention of Larry Sanger, the co-founder of Wikipedia, who opted to join the block.one team, as its Chief Information Officer. Upon his entrance, Sanger made the following statement:“The biggest problem with online information today is that it is centralised and controlled by a very few players, that it benefits to have the most salacious and hype-ridden information. We can do much better.”Where are they now?All-in-all, the EOS ICO proved to be an incredible success, and investors interested in the project can monitor all the EOS development on the Revain Platform — the first blockchain-based review platform for the crypto community, exercising the provision of transparent and unbiased reviews on blockchain technology and developments.EOS has come a long way in a short space of time. The developers are swiftly moving towards the finish line of their project, and the EOS token is well-circulated with market predictions suggesting that its value will soar over the coming years. The platform has seen the successful implementation of both vertical and horizontal scalability, interchain communication and DPoS, the combination of which has allowed EOS to process nearly 3,000 TPS, breaking another blockchain record.The EOS story is far from over, in any case. With plans to introduce asynchronous byzantine Fault Tolerant (abFT) and Universal Resource Inheritance (URI), aiming to provide the gold standard for security systems among distributed systems, as well as challenging the current social norms surrounding property rights with URI. Causes which we could all, perhaps, get behind, showing that ESO has achieved its claim by ushering a new era of blockchain development to the forefront of crypto pioneering. It can be said that EOS is the most ambitious, but, arguably, the most successful ICO that we have witnessed, to date.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Successful ICO Model: A case study was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 14

Crypto Trends and Tendencie...

By Sherise TanThe 2019 year is shaping up to be the year of crypto legislation. In July 2018, Malta became the first country in the world to set up regulatory frameworks for blockchain, cryptocurrency, and Distributed Ledger Technology (DLT). Soon after, countries like Russia and India also started the ball rolling, implementing national legislation for cryptocurrency regulation. Let us take a look at the new trends and tendencies in crypto legislation expected to be seen throughout 2019.Current Trends in Crypto Legislation in 2019One of the main drivers of formal crypto legislation is the crackdown on money laundering and financing of terrorism using cryptocurrency. In October 2018, the G20 countries signed a declaration to regulate cryptocurrencies and combat against the financing of terrorism in line with the Paris-based Financial Action Task Force (FATF) by June 2019.The ability to use cryptocurrency to make transactions globally has made it a useful tool for criminals and terrorists, thus leading to the rise of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.The same G20 meeting also led to these countries making progress towards an international cryptocurrency tax. However, this is yet to be confirmed, as the declaration talks about “the impacts of the digitalisation of the economy on the international tax system,” but does not mention cryptocurrency specifically or provide a particular course of action. Key leaders in the crypto industry are still concerned about this, with speculation that a crypto tax could still occur on a national level.There has also been a clampdown on Initial Coin Offerings (ICOs). For example, the European Parliament’s Committee on Economic and Monetary Affairs published a paper that would impose new laws against ICOs, and U.S. Representative, Warren Davidson of Ohio unveiled a plan to send a bill before Congress that would create a separate asset class for tokens issued under ICOs. While ICOs have been used to crowdfund money for crypto projects, there has been no regulation effort between countries, which has made investors susceptible to scams and frauds.Instead, there has been a greater move towards Securities Token Offerings (STOs), where investor tokens are part of an actual electronic stake in the business or project. Security tokens give holders a form of equity or ownership of a specific asset, and which are regulated similarly to that of traditional financial instruments. Previously in ICOs, investors would obtain tokens that were unusable until the project took off, with no legal obligations for companies to deliver the project once funding was secured. New players like Polymath and CentrumCoin have emerged to help companies and retail investors participate in this changing ecosphere.Key Players In Crypto LegislationMaltaMalta is one of the more progressive countries with regards to crypto legislation. The Maltese government announced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) which came into effect on November 1st, 2018. The ITAS will regulate “innovative technology arrangements and innovative technology services,” and certificates issued to approved technology providers. The VFA will regulate the issuance of ICOs in the country. The VFA stipulates that the issuer must publish a white paper that is clear and comprehensible, and signed by all members of the issuer’s Board of Administration.Malta does not recognise cryptocurrency as a legal tender, but it is defined as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”SingaporeA key financial hub in Asia, Singapore, has taken an open approach to cryptocurrency, with the Monetary Authority of Singapore (MAS) even publishing a guideline to understanding how cryptocurrencies relate to the Securities and Futures Act and how the government regulates these activities. Cryptocurrency exchanges and trading are legal, and Bitcoins are considered as ‘goods’ and subject to Goods and Services Tax.JapanIn Japan, cryptocurrencies have been recognized as legal tender under the Payment Services Act since April 2018. It is also the biggest market for Bitcoin, and the National Tax Agency has now ruled that gains on cryptocurrencies are taxed as ‘miscellaneous income’ at rates of 15 to 55%. Crypto exchanges are legal in Japan, but have since been regulated through registration with the Financial Services Agency. Future compliance will fall under the legislation of the Japanese Virtual Currency Exchange Association.RussiaMeanwhile, Russia’s bill to regulate the activities of electronic platforms and marketplace has been submitted since the end of December 2018 and is expected to be adopted by February 15, 2019, to launch a pilot project between 20 licensed credit institutions and the Moscow Stock Exchange.However, Alexander Konovalov, Russia’s Minister of Justice also recently said that legislation on cryptocurrencies will not be formalised anytime soon. Konovalov also reiterated that the official currency of Russia is the Ruble, implying that the introduction of other currencies such as crypto is against the Russian constitution. The government has already postponed the passing of three draft crypto bills in 2018, leading to confusion of the status of crypto legislation in the country.Using Crypto in a Fiat WorldFor countries that have embraced cryptocurrency, getting people to use it for day-to-day purchases is another story.Malta reportedly has a two-way Bitcoin ATM, run by company MoonZebra, which helps users to buy and sell cryptocurrencies — like Bitcoin — instantly with cash. Retail Point of Sale (POS) software by Recruit Lifestyle and Coincheck has been rolled out to 260,000 retail stores in Japan to accept Bitcoin as a form of payment. This software allows customers to simply scan a code on the Mobile Payment app to make a transaction using cryptocurrency. In Singapore, customers can now use the Crypto.com’s MCO Visa card to withdraw cash, tap and pay with cryptocurrency and do interbank transfers with cheap rates. The Visa card can be recharged with major cryptocurrencies like Bitcoin and Etherum.While these new crypto developments seem to be encouraging for the industry, governments like Russia are still standing on the sidelines with a wait-and-see approach towards legislation. Alternatively, by having a clearly defined stance on the issue, governments can start to tame this ‘Wild crypto West’ and bring more credibility to cryptocurrencies.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Trends and Tendencies: New legislation around the world was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 05

Crypto Trends and Tendencie...

By Sherise TanThe 2019 year is shaping up to be the year of crypto legislation. In July 2018, Malta became the first country in the world to set up regulatory frameworks for blockchain, cryptocurrency, and Distributed Ledger Technology (DLT). Soon after, countries like Russia and India also started the ball rolling, implementing national legislation for cryptocurrency regulation. Let us take a look at the new trends and tendencies in crypto legislation expected to be seen throughout 2019.Current Trends in Crypto Legislation in 2019One of the main drivers of formal crypto legislation is the crackdown on money laundering and financing of terrorism using cryptocurrency. In October 2018, the G20 countries signed a declaration to regulate cryptocurrencies and combat against the financing of terrorism in line with the Paris-based Financial Action Task Force (FATF) by June 2019.The ability to use cryptocurrency to make transactions globally has made it a useful tool for criminals and terrorists, thus leading to the rise of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.The same G20 meeting also led to these countries making progress towards an international cryptocurrency tax. However, this is yet to be confirmed, as the declaration talks about “the impacts of the digitalisation of the economy on the international tax system,” but does not mention cryptocurrency specifically or provide a particular course of action. Key leaders in the crypto industry are still concerned about this, with speculation that a crypto tax could still occur on a national level.There has also been a clampdown on Initial Coin Offerings (ICOs). For example, the European Parliament’s Committee on Economic and Monetary Affairs published a paper that would impose new laws against ICOs, and U.S. Representative, Warren Davidson of Ohio unveiled a plan to send a bill before Congress that would create a separate asset class for tokens issued under ICOs. While ICOs have been used to crowdfund money for crypto projects, there has been no regulation effort between countries, which has made investors susceptible to scams and frauds.Instead, there has been a greater move towards Securities Token Offerings (STOs), where investor tokens are part of an actual electronic stake in the business or project. Security tokens give holders a form of equity or ownership of a specific asset, and which are regulated similarly to that of traditional financial instruments. Previously in ICOs, investors would obtain tokens that were unusable until the project took off, with no legal obligations for companies to deliver the project once funding was secured. New players like Polymath and CentrumCoin have emerged to help companies and retail investors participate in this changing ecosphere.Key Players In Crypto LegislationMaltaMalta is one of the more progressive countries with regards to crypto legislation. The Maltese government announced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) which came into effect on November 1st, 2018. The ITAS will regulate “innovative technology arrangements and innovative technology services,” and certificates issued to approved technology providers. The VFA will regulate the issuance of ICOs in the country. The VFA stipulates that the issuer must publish a white paper that is clear and comprehensible, and signed by all members of the issuer’s Board of Administration.Malta does not recognise cryptocurrency as a legal tender, but it is defined as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”SingaporeA key financial hub in Asia, Singapore, has taken an open approach to cryptocurrency, with the Monetary Authority of Singapore (MAS) even publishing a guideline to understanding how cryptocurrencies relate to the Securities and Futures Act and how the government regulates these activities. Cryptocurrency exchanges and trading are legal, and Bitcoins are considered as ‘goods’ and subject to Goods and Services Tax.JapanIn Japan, cryptocurrencies have been recognized as legal tender under the Payment Services Act since April 2018. It is also the biggest market for Bitcoin, and the National Tax Agency has now ruled that gains on cryptocurrencies are taxed as ‘miscellaneous income’ at rates of 15 to 55%. Crypto exchanges are legal in Japan, but have since been regulated through registration with the Financial Services Agency. Future compliance will fall under the legislation of the Japanese Virtual Currency Exchange Association.RussiaMeanwhile, Russia’s bill to regulate the activities of electronic platforms and marketplace has been submitted since the end of December 2018 and is expected to be adopted by February 15, 2019, to launch a pilot project between 20 licensed credit institutions and the Moscow Stock Exchange.However, Alexander Konovalov, Russia’s Minister of Justice also recently said that legislation on cryptocurrencies will not be formalised anytime soon. Konovalov also reiterated that the official currency of Russia is the Ruble, implying that the introduction of other currencies such as crypto is against the Russian constitution. The government has already postponed the passing of three draft crypto bills in 2018, leading to confusion of the status of crypto legislation in the country.Using Crypto in a Fiat WorldFor countries that have embraced cryptocurrency, getting people to use it for day-to-day purchases is another story.Malta reportedly has a two-way Bitcoin ATM, run by company MoonZebra, which helps users to buy and sell cryptocurrencies — like Bitcoin — instantly with cash. Retail Point of Sale (POS) software by Recruit Lifestyle and Coincheck has been rolled out to 260,000 retail stores in Japan to accept Bitcoin as a form of payment. This software allows customers to simply scan a code on the Mobile Payment app to make a transaction using cryptocurrency. In Singapore, customers can now use the Crypto.com’s MCO Visa card to withdraw cash, tap and pay with cryptocurrency and do interbank transfers with cheap rates. The Visa card can be recharged with major cryptocurrencies like Bitcoin and Etherum.While these new crypto developments seem to be encouraging for the industry, governments like Russia are still standing on the sidelines with a wait-and-see approach towards legislation. Alternatively, by having a clearly defined stance on the issue, governments can start to tame this ‘Wild crypto West’ and bring more credibility to cryptocurrencies.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Trends and Tendencies: New legislation around the world was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 05

Crypto Trends and Tendencie...

By Sherise TanThe 2019 year is shaping up to be the year of crypto legislation. In July 2018, Malta became the first country in the world to set up regulatory frameworks for blockchain, cryptocurrency, and Distributed Ledger Technology (DLT). Soon after, countries like Russia and India also started the ball rolling, implementing national legislation for cryptocurrency regulation. Let us take a look at the new trends and tendencies in crypto legislation expected to be seen throughout 2019.Current Trends in Crypto Legislation in 2019One of the main drivers of formal crypto legislation is the crackdown on money laundering and financing of terrorism using cryptocurrency. In October 2018, the G20 countries signed a declaration to regulate cryptocurrencies and combat against the financing of terrorism in line with the Paris-based Financial Action Task Force (FATF) by June 2019.The ability to use cryptocurrency to make transactions globally has made it a useful tool for criminals and terrorists, thus leading to the rise of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.The same G20 meeting also led to these countries making progress towards an international cryptocurrency tax. However, this is yet to be confirmed, as the declaration talks about “the impacts of the digitalisation of the economy on the international tax system,” but does not mention cryptocurrency specifically or provide a particular course of action. Key leaders in the crypto industry are still concerned about this, with speculation that a crypto tax could still occur on a national level.There has also been a clampdown on Initial Coin Offerings (ICOs). For example, the European Parliament’s Committee on Economic and Monetary Affairs published a paper that would impose new laws against ICOs, and U.S. Representative, Warren Davidson of Ohio unveiled a plan to send a bill before Congress that would create a separate asset class for tokens issued under ICOs. While ICOs have been used to crowdfund money for crypto projects, there has been no regulation effort between countries, which has made investors susceptible to scams and frauds.Instead, there has been a greater move towards Securities Token Offerings (STOs), where investor tokens are part of an actual electronic stake in the business or project. Security tokens give holders a form of equity or ownership of a specific asset, and which are regulated similarly to that of traditional financial instruments. Previously in ICOs, investors would obtain tokens that were unusable until the project took off, with no legal obligations for companies to deliver the project once funding was secured. New players like Polymath and CentrumCoin have emerged to help companies and retail investors participate in this changing ecosphere.Key Players In Crypto LegislationMaltaMalta is one of the more progressive countries with regards to crypto legislation. The Maltese government announced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) which came into effect on November 1st, 2018. The ITAS will regulate “innovative technology arrangements and innovative technology services,” and certificates issued to approved technology providers. The VFA will regulate the issuance of ICOs in the country. The VFA stipulates that the issuer must publish a white paper that is clear and comprehensible, and signed by all members of the issuer’s Board of Administration.Malta does not recognise cryptocurrency as a legal tender, but it is defined as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”SingaporeA key financial hub in Asia, Singapore, has taken an open approach to cryptocurrency, with the Monetary Authority of Singapore (MAS) even publishing a guideline to understanding how cryptocurrencies relate to the Securities and Futures Act and how the government regulates these activities. Cryptocurrency exchanges and trading are legal, and Bitcoins are considered as ‘goods’ and subject to Goods and Services Tax.JapanIn Japan, cryptocurrencies have been recognized as legal tender under the Payment Services Act since April 2018. It is also the biggest market for Bitcoin, and the National Tax Agency has now ruled that gains on cryptocurrencies are taxed as ‘miscellaneous income’ at rates of 15 to 55%. Crypto exchanges are legal in Japan, but have since been regulated through registration with the Financial Services Agency. Future compliance will fall under the legislation of the Japanese Virtual Currency Exchange Association.RussiaMeanwhile, Russia’s bill to regulate the activities of electronic platforms and marketplace has been submitted since the end of December 2018 and is expected to be adopted by February 15, 2019, to launch a pilot project between 20 licensed credit institutions and the Moscow Stock Exchange.However, Alexander Konovalov, Russia’s Minister of Justice also recently said that legislation on cryptocurrencies will not be formalised anytime soon. Konovalov also reiterated that the official currency of Russia is the Ruble, implying that the introduction of other currencies such as crypto is against the Russian constitution. The government has already postponed the passing of three draft crypto bills in 2018, leading to confusion of the status of crypto legislation in the country.Using Crypto in a Fiat WorldFor countries that have embraced cryptocurrency, getting people to use it for day-to-day purchases is another story.Malta reportedly has a two-way Bitcoin ATM, run by company MoonZebra, which helps users to buy and sell cryptocurrencies — like Bitcoin — instantly with cash. Retail Point of Sale (POS) software by Recruit Lifestyle and Coincheck has been rolled out to 260,000 retail stores in Japan to accept Bitcoin as a form of payment. This software allows customers to simply scan a code on the Mobile Payment app to make a transaction using cryptocurrency. In Singapore, customers can now use the Crypto.com’s MCO Visa card to withdraw cash, tap and pay with cryptocurrency and do interbank transfers with cheap rates. The Visa card can be recharged with major cryptocurrencies like Bitcoin and Etherum.While these new crypto developments seem to be encouraging for the industry, governments like Russia are still standing on the sidelines with a wait-and-see approach towards legislation. Alternatively, by having a clearly defined stance on the issue, governments can start to tame this ‘Wild crypto West’ and bring more credibility to cryptocurrencies.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Trends and Tendencies: New legislation around the world was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 05

Crowdfundings and ICOs of M...

Mid-2017 saw a large number and a wide variety of crypto projects launched that ran the gamut from technology to investment products, through to media and markets offerings.The Revain Platform, a blockchain-based review forum for any type of product or service, also debuted at this time, focusing initially on the crypto-market. In addition to reviewing Revain’s upward trajectory, we’ll also delve into a few of the key players in the crypto-market’s boom of mid-2017 and see where they are now.And We’re OffIt was an incredible year for the growth of crowdfunding in 2017. Although there is some variation between reports, the final amount of funds raised by crowdfunding in 2017 was estimated to be between a fiat equivalent of $4 billion USD and $5.6 billion USD.The year saw the largest growth of crowdfunding with initial offerings of over 50 companies a month. A substantial number of crowdfunding startups — specifically 876 — posted in 2017 along with the largest amounts of money ever raised through crowdfunding. Previously estimated totals were updated to reflect a new total of a record $6.2 billion USD. Despite this boom, by the close of 2017 there were definite winners and losers in the crowdfunding arena.Leaders of The PackMid-2017 saw the emergence of some of the most successful crowdfunding ventures that are currently industry leaders. Each of these crypto projects has brought something new and valuable to the market, or innovated and improved existing models.Let’s now take a look at these leaders in more depth:EOSLaunched in July 2017, EOS charged into the crypto arena as a blockchain operating infrastructure for decentralised applications. It touted improved scalability by allowing for apps to be built and tested in a public environment. Competing with Ethereum, numerous transactions per second could be made, increasing the efficiency of Blockchain projects.A billion minted EOS were released at each stage as fixed-number tokens during their crowdsale which continued through to the middle of 2018. EOS’s capacity quickly exceeded all other blockchains, achieving a top spot on the performance charts. The project subsequently raised $700 million USD during its crowdfunding.In the aftermath of its crowdsale, as reported by cryptocurrency news source Coinspeaker, “EOS has posted the healthiest performance in the top 20 cryptos surging over 25% in one month.” It continues to develop its products. The first stablecoin, CarbonUSD, was added to the EOS ecosystem in September 2018, and Circle listed EOS on its investment platform. Technologically, EOS has surpassed Ethereum and Bitcoin because of its high-growth pace compared to other cryptocurrencies.The total market cap of all EOS-based tokens is now $6.18 Billion USD. The recent high performance from EOS’s top 10 tokens represent 12.6% of the EOS’s total market cap, giving EOS a 5th place ranking on the CMC’s (CoinMarketCap) top 100 cryptocurrencies.BancorThe Bancor network was initiated in June 2017, providing users with the ability to create liquid smart tokens and convert them into other tokens by calculating their own prices. The project aims to remove exchanges, which typically charge excessive fees and can be hacked. BancorX currently supports Ethereum ERC20 tokens and makes cross-blockchain transfers with its own BNT token. In partnership with LiquidEOS, it also built a cross-blockchain DApp — Bancor’s EOS “Block Producer” (BP), the counterpart of a miner on the Bitcoin (BTC) network.Bancor also launched BancorX on EOS which offers fast and exchange-free trading between Ethereum and EOS-based tokens. The partnership with EOS was completed in November 2018.Other product developments will, according to Bancor Co-Founder Guy Benartzi, include a “major crime-fighting initiative described as a coalition of crypto defenders.” This will result in Bancor’s internal tools used to track hacked funds being made available to a wider audience.Bancor’s project raised $152.3 million USD in crowdsale with an uncapped ICO at its inception. It currently ranks 95th on the CMC’s top 100 cryptocurrencies.StatusLaunched in June 2017, Status, a mobile Ethereum OS, changes your smartphone or mobile device into a light node on the Ethereum network. With the application, users are able to send and receive encrypted messages, as well as smart contracts and payments with a Status-SNT token. They can also interact with decentralised applications and chatbots and store crypto-assets with the built-in Status wallet.Further product development for Status will involve establishing a Status DApp directory which will offer users a network to find their most practical DApps.Although Status had technical difficulties getting started, the project managed to raise $108 million USD in 2017. It currently ranks 60th on CMC’s top 100 cryptocurrencies.In the DustCrowdfundings had a 46% failure rate in 2017 with Bitcoin.com reporting that another 113 projects were classified as “semi-failed” due to vanishing teams and dwindling communities. Further, there were many projects that never produced a product or had any intention to produce one at all. Founders merely retreated with the raised funds or, “slowly faded into obscurity.” All included, the failure rate of 2017 crowdfundings jumps to 59%. Here are a few of those legends:EnigmaEnigma launched in September 2017, boasting new encryption and security techniques, only to be hacked just before its crowdsale went live. Using the system’s mailing list, website, and Slack channel, hackers contacted potential investors about a “pre-ICO sale” and made off with approximately $500,000 worth of ETH (ether coins).Enigma is a decentralised data marketplace which ironically aims to become a central source for standardised, reliable, and high-quality crypto data for various crypto assets. Despite its scandalous beginnings and because of its huge market potential and promising pre-ICO buzz, Enigma raised $45 million USD in its crowdsale in 2017. It peaked in January 2018 but then suffered a steady downtrend during the January-February crash just weeks later. In March of 2018 it ranked 88th on CoinMarketCap but is no longer in the top 100 cryptocurrencies.AhooleeAhoolee, a Russian project launched in August 2017 was built with the goal of facilitating e-commerce. It sought to compensate for the deficiencies in traditional search engines and aimed to improve online marketplaces like eBay, Amazon, and Google Shopping. Ahoolee would be the world’s first search engine using a decentralised platform for collecting and indexing information from open sources with confirmation of authenticity based on the blockchain technology.Regrettably, the project failed spectacularly by being unable to collect a soft cap, and all means funding was returned to investors. The Ahoolee team, however, is still intent on developing the project further.DroplexDroplex, launched in August 2017 with a white paper that was later proved to be a carbon copy of QRL’s white paper. QRL is a decentralised communication platform. Though the scam attempt was promptly caught by investors, the fraudsters were still able to make off with roughly $25,000 USD.Revain’s Upward TrajectoryLaunched in August 2017, Revain a product review platform providing blockchain-trustworthy reviews of crowdfunding projects, arrived with v1.1.of The Revain Platform.Initially, Revain had a prominent interest in the crypto-market: specifically, cryptocurrency, exchanges, coins, and ICOs. Reviewers were awarded a native RVN token that can be swapped for R tokens, which can then be traded on exchanges.After its inception, Revain subsequently created a full-fledged version of The Platform and expanded to cover the entire ICO ecosystem-related infrastructure, which included projects, exchanges, and wallets. The Platform recently added a forum for reviewing Crypto Cards.Revain recently announced a major milestone of more than 2,000 additional crypto projects and exchanges listed on The Platform available for review. This makes Revain the only place on the Internet where the authentic experiences of other users, experts, and investors about almost any crypto entity is easily accessible.Moving forward, Revain continues to develop its product. While most of their content had been focused on the crypto-market, in 2019 The Platform will feature many more consumer-style goods expanding into e-commerce, gaming, and FMCG (fast-moving consumer goods).Revain is also considering how blockchain will affect consumer industries moving forward. Their product and dev team is continually developing more advanced algorithms and models of machine learning to ensure high-quality reviews. The Platform is also working on the possibility of implementing a reference-based service.Revain raised over $9 million USD in its September 2017 crowdsale and is currently ranked 57th on the CMC top 100 cryptocurrencies.Like any other startup venture, crowdfunding has its champions and those that were defeated. In an unprecedented race of crowdfundings in mid-2017, Revain has held steady and with the current market’s demand for blockchain reviews, its Platform is gearing up for an exciting run.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crowdfundings and ICOs of Mid-2017 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 26

Crowdfundings and ICOs of M...

Mid-2017 saw a large number and a wide variety of crypto projects launched that ran the gamut from technology to investment products, through to media and markets offerings.The Revain Platform, a blockchain-based review forum for any type of product or service, also debuted at this time, focusing initially on the crypto-market. In addition to reviewing Revain’s upward trajectory, we’ll also delve into a few of the key players in the crypto-market’s boom of mid-2017 and see where they are now.And We’re OffIt was an incredible year for the growth of crowdfunding in 2017. Although there is some variation between reports, the final amount of funds raised by crowdfunding in 2017 was estimated to be between a fiat equivalent of $4 billion USD and $5.6 billion USD.The year saw the largest growth of crowdfunding with initial offerings of over 50 companies a month. A substantial number of crowdfunding startups — specifically 876 — posted in 2017 along with the largest amounts of money ever raised through crowdfunding. Previously estimated totals were updated to reflect a new total of a record $6.2 billion USD. Despite this boom, by the close of 2017 there were definite winners and losers in the crowdfunding arena.Leaders of The PackMid-2017 saw the emergence of some of the most successful crowdfunding ventures that are currently industry leaders. Each of these crypto projects has brought something new and valuable to the market, or innovated and improved existing models.Let’s now take a look at these leaders in more depth:EOSLaunched in July 2017, EOS charged into the crypto arena as a blockchain operating infrastructure for decentralised applications. It touted improved scalability by allowing for apps to be built and tested in a public environment. Competing with Ethereum, numerous transactions per second could be made, increasing the efficiency of Blockchain projects.A billion minted EOS were released at each stage as fixed-number tokens during their crowdsale which continued through to the middle of 2018. EOS’s capacity quickly exceeded all other blockchains, achieving a top spot on the performance charts. The project subsequently raised $700 million USD during its crowdfunding.In the aftermath of its crowdsale, as reported by cryptocurrency news source Coinspeaker, “EOS has posted the healthiest performance in the top 20 cryptos surging over 25% in one month.” It continues to develop its products. The first stablecoin, CarbonUSD, was added to the EOS ecosystem in September 2018, and Circle listed EOS on its investment platform. Technologically, EOS has surpassed Ethereum and Bitcoin because of its high-growth pace compared to other cryptocurrencies.The total market cap of all EOS-based tokens is now $6.18 Billion USD. The recent high performance from EOS’s top 10 tokens represent 12.6% of the EOS’s total market cap, giving EOS a 5th place ranking on the CMC’s (CoinMarketCap) top 100 cryptocurrencies.BancorThe Bancor network was initiated in June 2017, providing users with the ability to create liquid smart tokens and convert them into other tokens by calculating their own prices. The project aims to remove exchanges, which typically charge excessive fees and can be hacked. BancorX currently supports Ethereum ERC20 tokens and makes cross-blockchain transfers with its own BNT token. In partnership with LiquidEOS, it also built a cross-blockchain DApp — Bancor’s EOS “Block Producer” (BP), the counterpart of a miner on the Bitcoin (BTC) network.Bancor also launched BancorX on EOS which offers fast and exchange-free trading between Ethereum and EOS-based tokens. The partnership with EOS was completed in November 2018.Other product developments will, according to Bancor Co-Founder Guy Benartzi, include a “major crime-fighting initiative described as a coalition of crypto defenders.” This will result in Bancor’s internal tools used to track hacked funds being made available to a wider audience.Bancor’s project raised $152.3 million USD in crowdsale with an uncapped ICO at its inception. It currently ranks 95th on the CMC’s top 100 cryptocurrencies.StatusLaunched in June 2017, Status, a mobile Ethereum OS, changes your smartphone or mobile device into a light node on the Ethereum network. With the application, users are able to send and receive encrypted messages, as well as smart contracts and payments with a Status-SNT token. They can also interact with decentralised applications and chatbots and store crypto-assets with the built-in Status wallet.Further product development for Status will involve establishing a Status DApp directory which will offer users a network to find their most practical DApps.Although Status had technical difficulties getting started, the project managed to raise $108 million USD in 2017. It currently ranks 60th on CMC’s top 100 cryptocurrencies.In the DustCrowdfundings had a 46% failure rate in 2017 with Bitcoin.com reporting that another 113 projects were classified as “semi-failed” due to vanishing teams and dwindling communities. Further, there were many projects that never produced a product or had any intention to produce one at all. Founders merely retreated with the raised funds or, “slowly faded into obscurity.” All included, the failure rate of 2017 crowdfundings jumps to 59%. Here are a few of those legends:EnigmaEnigma launched in September 2017, boasting new encryption and security techniques, only to be hacked just before its crowdsale went live. Using the system’s mailing list, website, and Slack channel, hackers contacted potential investors about a “pre-ICO sale” and made off with approximately $500,000 worth of ETH (ether coins).Enigma is a decentralised data marketplace which ironically aims to become a central source for standardised, reliable, and high-quality crypto data for various crypto assets. Despite its scandalous beginnings and because of its huge market potential and promising pre-ICO buzz, Enigma raised $45 million USD in its crowdsale in 2017. It peaked in January 2018 but then suffered a steady downtrend during the January-February crash just weeks later. In March of 2018 it ranked 88th on CoinMarketCap but is no longer in the top 100 cryptocurrencies.AhooleeAhoolee, a Russian project launched in August 2017 was built with the goal of facilitating e-commerce. It sought to compensate for the deficiencies in traditional search engines and aimed to improve online marketplaces like eBay, Amazon, and Google Shopping. Ahoolee would be the world’s first search engine using a decentralised platform for collecting and indexing information from open sources with confirmation of authenticity based on the blockchain technology.Regrettably, the project failed spectacularly by being unable to collect a soft cap, and all means funding was returned to investors. The Ahoolee team, however, is still intent on developing the project further.DroplexDroplex, launched in August 2017 with a white paper that was later proved to be a carbon copy of QRL’s white paper. QRL is a decentralised communication platform. Though the scam attempt was promptly caught by investors, the fraudsters were still able to make off with roughly $25,000 USD.Revain’s Upward TrajectoryLaunched in August 2017, Revain a product review platform providing blockchain-trustworthy reviews of crowdfunding projects, arrived with v1.1.of The Revain Platform.Initially, Revain had a prominent interest in the crypto-market: specifically, cryptocurrency, exchanges, coins, and ICOs. Reviewers were awarded a native RVN token that can be swapped for R tokens, which can then be traded on exchanges.After its inception, Revain subsequently created a full-fledged version of The Platform and expanded to cover the entire ICO ecosystem-related infrastructure, which included projects, exchanges, and wallets. The Platform recently added a forum for reviewing Crypto Cards.Revain recently announced a major milestone of more than 2,000 additional crypto projects and exchanges listed on The Platform available for review. This makes Revain the only place on the Internet where the authentic experiences of other users, experts, and investors about almost any crypto entity is easily accessible.Moving forward, Revain continues to develop its product. While most of their content had been focused on the crypto-market, in 2019 The Platform will feature many more consumer-style goods expanding into e-commerce, gaming, and FMCG (fast-moving consumer goods).Revain is also considering how blockchain will affect consumer industries moving forward. Their product and dev team is continually developing more advanced algorithms and models of machine learning to ensure high-quality reviews. The Platform is also working on the possibility of implementing a reference-based service.Revain raised over $9 million USD in its September 2017 crowdsale and is currently ranked 57th on the CMC top 100 cryptocurrencies.Like any other startup venture, crowdfunding has its champions and those that were defeated. In an unprecedented race of crowdfundings in mid-2017, Revain has held steady and with the current market’s demand for blockchain reviews, its Platform is gearing up for an exciting run.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crowdfundings and ICOs of Mid-2017 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 26

Crowdfundings and ICOs of M...

Mid-2017 saw a large number and a wide variety of crypto projects launched that ran the gamut from technology to investment products, through to media and markets offerings.The Revain Platform, a blockchain-based review forum for any type of product or service, also debuted at this time, focusing initially on the crypto-market. In addition to reviewing Revain’s upward trajectory, we’ll also delve into a few of the key players in the crypto-market’s boom of mid-2017 and see where they are now.And We’re OffIt was an incredible year for the growth of crowdfunding in 2017. Although there is some variation between reports, the final amount of funds raised by crowdfunding in 2017 was estimated to be between a fiat equivalent of $4 billion USD and $5.6 billion USD.The year saw the largest growth of crowdfunding with initial offerings of over 50 companies a month. A substantial number of crowdfunding startups — specifically 876 — posted in 2017 along with the largest amounts of money ever raised through crowdfunding. Previously estimated totals were updated to reflect a new total of a record $6.2 billion USD. Despite this boom, by the close of 2017 there were definite winners and losers in the crowdfunding arena.Leaders of The PackMid-2017 saw the emergence of some of the most successful crowdfunding ventures that are currently industry leaders. Each of these crypto projects has brought something new and valuable to the market, or innovated and improved existing models.Let’s now take a look at these leaders in more depth:EOSLaunched in July 2017, EOS charged into the crypto arena as a blockchain operating infrastructure for decentralised applications. It touted improved scalability by allowing for apps to be built and tested in a public environment. Competing with Ethereum, numerous transactions per second could be made, increasing the efficiency of Blockchain projects.A billion minted EOS were released at each stage as fixed-number tokens during their crowdsale which continued through to the middle of 2018. EOS’s capacity quickly exceeded all other blockchains, achieving a top spot on the performance charts. The project subsequently raised $700 million USD during its crowdfunding.In the aftermath of its crowdsale, as reported by cryptocurrency news source Coinspeaker, “EOS has posted the healthiest performance in the top 20 cryptos surging over 25% in one month.” It continues to develop its products. The first stablecoin, CarbonUSD, was added to the EOS ecosystem in September 2018, and Circle listed EOS on its investment platform. Technologically, EOS has surpassed Ethereum and Bitcoin because of its high-growth pace compared to other cryptocurrencies.The total market cap of all EOS-based tokens is now $6.18 Billion USD. The recent high performance from EOS’s top 10 tokens represent 12.6% of the EOS’s total market cap, giving EOS a 5th place ranking on the CMC’s (CoinMarketCap) top 100 cryptocurrencies.BancorThe Bancor network was initiated in June 2017, providing users with the ability to create liquid smart tokens and convert them into other tokens by calculating their own prices. The project aims to remove exchanges, which typically charge excessive fees and can be hacked. BancorX currently supports Ethereum ERC20 tokens and makes cross-blockchain transfers with its own BNT token. In partnership with LiquidEOS, it also built a cross-blockchain DApp — Bancor’s EOS “Block Producer” (BP), the counterpart of a miner on the Bitcoin (BTC) network.Bancor also launched BancorX on EOS which offers fast and exchange-free trading between Ethereum and EOS-based tokens. The partnership with EOS was completed in November 2018.Other product developments will, according to Bancor Co-Founder Guy Benartzi, include a “major crime-fighting initiative described as a coalition of crypto defenders.” This will result in Bancor’s internal tools used to track hacked funds being made available to a wider audience.Bancor’s project raised $152.3 million USD in crowdsale with an uncapped ICO at its inception. It currently ranks 95th on the CMC’s top 100 cryptocurrencies.StatusLaunched in June 2017, Status, a mobile Ethereum OS, changes your smartphone or mobile device into a light node on the Ethereum network. With the application, users are able to send and receive encrypted messages, as well as smart contracts and payments with a Status-SNT token. They can also interact with decentralised applications and chatbots and store crypto-assets with the built-in Status wallet.Further product development for Status will involve establishing a Status DApp directory which will offer users a network to find their most practical DApps.Although Status had technical difficulties getting started, the project managed to raise $108 million USD in 2017. It currently ranks 60th on CMC’s top 100 cryptocurrencies.In the DustCrowdfundings had a 46% failure rate in 2017 with Bitcoin.com reporting that another 113 projects were classified as “semi-failed” due to vanishing teams and dwindling communities. Further, there were many projects that never produced a product or had any intention to produce one at all. Founders merely retreated with the raised funds or, “slowly faded into obscurity.” All included, the failure rate of 2017 crowdfundings jumps to 59%. Here are a few of those legends:EnigmaEnigma launched in September 2017, boasting new encryption and security techniques, only to be hacked just before its crowdsale went live. Using the system’s mailing list, website, and Slack channel, hackers contacted potential investors about a “pre-ICO sale” and made off with approximately $500,000 worth of ETH (ether coins).Enigma is a decentralised data marketplace which ironically aims to become a central source for standardised, reliable, and high-quality crypto data for various crypto assets. Despite its scandalous beginnings and because of its huge market potential and promising pre-ICO buzz, Enigma raised $45 million USD in its crowdsale in 2017. It peaked in January 2018 but then suffered a steady downtrend during the January-February crash just weeks later. In March of 2018 it ranked 88th on CoinMarketCap but is no longer in the top 100 cryptocurrencies.AhooleeAhoolee, a Russian project launched in August 2017 was built with the goal of facilitating e-commerce. It sought to compensate for the deficiencies in traditional search engines and aimed to improve online marketplaces like eBay, Amazon, and Google Shopping. Ahoolee would be the world’s first search engine using a decentralised platform for collecting and indexing information from open sources with confirmation of authenticity based on the blockchain technology.Regrettably, the project failed spectacularly by being unable to collect a soft cap, and all means funding was returned to investors. The Ahoolee team, however, is still intent on developing the project further.DroplexDroplex, launched in August 2017 with a white paper that was later proved to be a carbon copy of QRL’s white paper. QRL is a decentralised communication platform. Though the scam attempt was promptly caught by investors, the fraudsters were still able to make off with roughly $25,000 USD.Revain’s Upward TrajectoryLaunched in August 2017, Revain a product review platform providing blockchain-trustworthy reviews of crowdfunding projects, arrived with v1.1.of The Revain Platform.Initially, Revain had a prominent interest in the crypto-market: specifically, cryptocurrency, exchanges, coins, and ICOs. Reviewers were awarded a native RVN token that can be swapped for R tokens, which can then be traded on exchanges.After its inception, Revain subsequently created a full-fledged version of The Platform and expanded to cover the entire ICO ecosystem-related infrastructure, which included projects, exchanges, and wallets. The Platform recently added a forum for reviewing Crypto Cards.Revain recently announced a major milestone of more than 2,000 additional crypto projects and exchanges listed on The Platform available for review. This makes Revain the only place on the Internet where the authentic experiences of other users, experts, and investors about almost any crypto entity is easily accessible.Moving forward, Revain continues to develop its product. While most of their content had been focused on the crypto-market, in 2019 The Platform will feature many more consumer-style goods expanding into e-commerce, gaming, and FMCG (fast-moving consumer goods).Revain is also considering how blockchain will affect consumer industries moving forward. Their product and dev team is continually developing more advanced algorithms and models of machine learning to ensure high-quality reviews. The Platform is also working on the possibility of implementing a reference-based service.Revain raised over $9 million USD in its September 2017 crowdsale and is currently ranked 57th on the CMC top 100 cryptocurrencies.Like any other startup venture, crowdfunding has its champions and those that were defeated. In an unprecedented race of crowdfundings in mid-2017, Revain has held steady and with the current market’s demand for blockchain reviews, its Platform is gearing up for an exciting run.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crowdfundings and ICOs of Mid-2017 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 26

Revain’s Crypto Card Review...

By Sherise TanResponding to the demands of its community, the Revain Platform now features crypto cards in addition to its crypto projects (altcoin-backed businesses), exchanges, and wallets. Crypto cards are gaining popularity among the users as a logical next step in the evolution of currency and e-payments methods.Crypto cards have started to become mainstream as evidenced from DJ Khaled’s post on Instagram about his Titantium Centra card, and cards like WireX and LibertyX being granted e-licenses by government authorities.Even with the recent call for a bank run by the Yellow Vests movement in France, cryptocurrency has been seen as an alternative for the masses when it comes to electronic transactions and storing money. Popular American broadcaster, Max Keiser even advised the French to withdraw their money and put it onto a crypto debit card so that they would still have access to their money if banks were to collapse.What is a Crypto Card?A crypto card is essentially a debit or credit card that allows users to pay for transactions with cryptocurrency; several also have the option of paying with fiat currency. Some crypto cards have initial payment fees, ATM withdrawal fees, monthly bank fees, and overall percentage fees for their usage. Depending on the type of crypto card, they often also have a daily and monthly limit for withdrawal.Benefits of Crypto CardsOne can see why crypto cards have become so popular. The use of crypto cards provides convenience as a way to exchange and pay for items with cryptocurrency. Having a physical credit or debit card makes the transfer of cryptocurrency more accessible as it is used like a regular bank card.The applications of a crypto card are endless. For example, Pundi X is an end-to-end solution that allows customers to buy and sell items through a contactless card and retail point of sale (POS) system, as well as a mobile app and wallet. This allows users to not only buy and sell cryptocurrencies, but basically any items via the retail POS hardware.LibertyX, a cryptocurrency ATM vending machine company, has also tied up with regular-ATM manufacturer Genmega to offer the ability to buy cryptocurrency from their ATMs. With Genmega’s coverage, that could extend to over 100,000 ATM machines across the United States.However, as with all things crypto, it pays to take precautions when it comes to new projects and companies that turn out to be scams or fraudulent. For example, TenX raised $80 million USD in its crowdfunding to launch bitcoin-linked debit cards only to be implicated in a pyramid scheme and has yet to fulfil its ICO promise. Likewise, DJ Khaled’s Instagram post was removed after the United States Department of Justice charged Centra with securities fraud.How to Review Crypto Cards on the Revain PlatformIndeed, this is where the Revain Platform comes into play. By utilizing our blockchain-based review site, users can research and find practical, high-quality reviews about preferred crypto cards in the market.The Platform now features 47 different crypto cards, like Coinsbank, Monaco, and Wirex to name a few. It contains basic information about all the crypto cards and allows users to view and compare cards for features like:instant top-upscard currencyATM feesbank feesinitial costsmonthly feesoverall feesdaily limitsmonthly limitsRevain’s custom algorithm ranks the crypto cards based on their security, anonymity, and customer-service backing. By providing high-quality reviews, you can inform other users with your knowledge and insight and help your favourite crypto cards obtain a higher ranking while earning RVN tokens as a reward for your efforts. A large number of high-quality reviews will help to move a crypto card up in the rankings.It’s easy to add a crypto card review. Users sign up as an Author with our free basic account and start writing reviews about any of the crypto cards. Just select the crypto card that you want to review and click on the “Add Review” button to start. You can score the crypto card on its security, anonymity and customer service, add additional comments on your experience as a cardholder, and give an overall score for the card.Your reviews should be at least 300 symbols long and contain clear and helpful insights. Write your own opinion. It doesn’t matter if it is positive, negative, or neutral. The only requirements are that they must be fully original and in the English language, only. They should not be similar to other reviews including your own.Companies can also join the platform with our premium subscription. They can then respond to authors and reward them for high-quality reviews while improving their reputation within the crypto community.Why Revain is The Trusted Authority for Choosing Crypto CardsRevain’s custom-built AI checks reviews and filters out the low-quality ones and rewards those with high-quality. With the development of more advanced algorithms and models of machine learning, The Platform aims to eliminate fake and spam reviews.Furthermore, once reviews are validated in the blockchain, they cannot be edited and altered, giving rise to personal, fair reviews from actual individuals. Users are also rewarded for their high-quality reviews with RVN tokens, encouraging more people to participate by writing constructive and honest reviews.On January 31st, 2019, The Platform reached a milestone — more than 2,000 crypto exchanges and projects were added. This made Revain the singular website where one can read authentic reviews of users, experts, and investors about crypto entities.By using the Revain Platform, you will be consulting the trusted authority for crypto cards before selecting one for your own. With access to over hundreds of authentic user reviews, you can be assured that the crypto card that you do finally choose will be one that has been authentically tried and tested.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Crypto Card Review Platform was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 18

Revain’s Crypto Card Review...

By Sherise TanResponding to the demands of its community, the Revain Platform now features crypto cards in addition to its crypto projects (altcoin-backed businesses), exchanges, and wallets. Crypto cards are gaining popularity among the users as a logical next step in the evolution of currency and e-payments methods.Crypto cards have started to become mainstream as evidenced from DJ Khaled’s post on Instagram about his Titantium Centra card, and cards like WireX and LibertyX being granted e-licenses by government authorities.Even with the recent call for a bank run by the Yellow Vests movement in France, cryptocurrency has been seen as an alternative for the masses when it comes to electronic transactions and storing money. Popular American broadcaster, Max Keiser even advised the French to withdraw their money and put it onto a crypto debit card so that they would still have access to their money if banks were to collapse.What is a Crypto Card?A crypto card is essentially a debit or credit card that allows users to pay for transactions with cryptocurrency; several also have the option of paying with fiat currency. Some crypto cards have initial payment fees, ATM withdrawal fees, monthly bank fees, and overall percentage fees for their usage. Depending on the type of crypto card, they often also have a daily and monthly limit for withdrawal.Benefits of Crypto CardsOne can see why crypto cards have become so popular. The use of crypto cards provides convenience as a way to exchange and pay for items with cryptocurrency. Having a physical credit or debit card makes the transfer of cryptocurrency more accessible as it is used like a regular bank card.The applications of a crypto card are endless. For example, Pundi X is an end-to-end solution that allows customers to buy and sell items through a contactless card and retail point of sale (POS) system, as well as a mobile app and wallet. This allows users to not only buy and sell cryptocurrencies, but basically any items via the retail POS hardware.LibertyX, a cryptocurrency ATM vending machine company, has also tied up with regular-ATM manufacturer Genmega to offer the ability to buy cryptocurrency from their ATMs. With Genmega’s coverage, that could extend to over 100,000 ATM machines across the United States.However, as with all things crypto, it pays to take precautions when it comes to new projects and companies that turn out to be scams or fraudulent. For example, TenX raised $80 million USD in its crowdfunding to launch bitcoin-linked debit cards only to be implicated in a pyramid scheme and has yet to fulfil its ICO promise. Likewise, DJ Khaled’s Instagram post was removed after the United States Department of Justice charged Centra with securities fraud.How to Review Crypto Cards on the Revain PlatformIndeed, this is where the Revain Platform comes into play. By utilizing our blockchain-based review site, users can research and find practical, high-quality reviews about preferred crypto cards in the market.The Platform now features 47 different crypto cards, like Coinsbank, Monaco, and Wirex to name a few. It contains basic information about all the crypto cards and allows users to view and compare cards for features like:instant top-upscard currencyATM feesbank feesinitial costsmonthly feesoverall feesdaily limitsmonthly limitsRevain’s custom algorithm ranks the crypto cards based on their security, anonymity, and customer-service backing. By providing high-quality reviews, you can inform other users with your knowledge and insight and help your favourite crypto cards obtain a higher ranking while earning RVN tokens as a reward for your efforts. A large number of high-quality reviews will help to move a crypto card up in the rankings.It’s easy to add a crypto card review. Users sign up as an Author with our free basic account and start writing reviews about any of the crypto cards. Just select the crypto card that you want to review and click on the “Add Review” button to start. You can score the crypto card on its security, anonymity and customer service, add additional comments on your experience as a cardholder, and give an overall score for the card.Your reviews should be at least 300 symbols long and contain clear and helpful insights. Write your own opinion. It doesn’t matter if it is positive, negative, or neutral. The only requirements are that they must be fully original and in the English language, only. They should not be similar to other reviews including your own.Companies can also join the platform with our premium subscription. They can then respond to authors and reward them for high-quality reviews while improving their reputation within the crypto community.Why Revain is The Trusted Authority for Choosing Crypto CardsRevain’s custom-built AI checks reviews and filters out the low-quality ones and rewards those with high-quality. With the development of more advanced algorithms and models of machine learning, The Platform aims to eliminate fake and spam reviews.Furthermore, once reviews are validated in the blockchain, they cannot be edited and altered, giving rise to personal, fair reviews from actual individuals. Users are also rewarded for their high-quality reviews with RVN tokens, encouraging more people to participate by writing constructive and honest reviews.On January 31st, 2019, The Platform reached a milestone — more than 2,000 crypto exchanges and projects were added. This made Revain the singular website where one can read authentic reviews of users, experts, and investors about crypto entities.By using the Revain Platform, you will be consulting the trusted authority for crypto cards before selecting one for your own. With access to over hundreds of authentic user reviews, you can be assured that the crypto card that you do finally choose will be one that has been authentically tried and tested.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Crypto Card Review Platform was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 18

Revain’s Crypto Card Review...

By Sherise TanResponding to the demands of its community, the Revain Platform now features crypto cards in addition to its crypto projects (altcoin-backed businesses), exchanges, and wallets. Crypto cards are gaining popularity among the users as a logical next step in the evolution of currency and e-payments methods.Crypto cards have started to become mainstream as evidenced from DJ Khaled’s post on Instagram about his Titantium Centra card, and cards like WireX and LibertyX being granted e-licenses by government authorities.Even with the recent call for a bank run by the Yellow Vests movement in France, cryptocurrency has been seen as an alternative for the masses when it comes to electronic transactions and storing money. Popular American broadcaster, Max Keiser even advised the French to withdraw their money and put it onto a crypto debit card so that they would still have access to their money if banks were to collapse.What is a Crypto Card?A crypto card is essentially a debit or credit card that allows users to pay for transactions with cryptocurrency; several also have the option of paying with fiat currency. Some crypto cards have initial payment fees, ATM withdrawal fees, monthly bank fees, and overall percentage fees for their usage. Depending on the type of crypto card, they often also have a daily and monthly limit for withdrawal.Benefits of Crypto CardsOne can see why crypto cards have become so popular. The use of crypto cards provides convenience as a way to exchange and pay for items with cryptocurrency. Having a physical credit or debit card makes the transfer of cryptocurrency more accessible as it is used like a regular bank card.The applications of a crypto card are endless. For example, Pundi X is an end-to-end solution that allows customers to buy and sell items through a contactless card and retail point of sale (POS) system, as well as a mobile app and wallet. This allows users to not only buy and sell cryptocurrencies, but basically any items via the retail POS hardware.LibertyX, a cryptocurrency ATM vending machine company, has also tied up with regular-ATM manufacturer Genmega to offer the ability to buy cryptocurrency from their ATMs. With Genmega’s coverage, that could extend to over 100,000 ATM machines across the United States.However, as with all things crypto, it pays to take precautions when it comes to new projects and companies that turn out to be scams or fraudulent. For example, TenX raised $80 million USD in its crowdfunding to launch bitcoin-linked debit cards only to be implicated in a pyramid scheme and has yet to fulfil its ICO promise. Likewise, DJ Khaled’s Instagram post was removed after the United States Department of Justice charged Centra with securities fraud.How to Review Crypto Cards on the Revain PlatformIndeed, this is where the Revain Platform comes into play. By utilizing our blockchain-based review site, users can research and find practical, high-quality reviews about preferred crypto cards in the market.The Platform now features 47 different crypto cards, like Coinsbank, Monaco, and Wirex to name a few. It contains basic information about all the crypto cards and allows users to view and compare cards for features like:instant top-upscard currencyATM feesbank feesinitial costsmonthly feesoverall feesdaily limitsmonthly limitsRevain’s custom algorithm ranks the crypto cards based on their security, anonymity, and customer-service backing. By providing high-quality reviews, you can inform other users with your knowledge and insight and help your favourite crypto cards obtain a higher ranking while earning RVN tokens as a reward for your efforts. A large number of high-quality reviews will help to move a crypto card up in the rankings.It’s easy to add a crypto card review. Users sign up as an Author with our free basic account and start writing reviews about any of the crypto cards. Just select the crypto card that you want to review and click on the “Add Review” button to start. You can score the crypto card on its security, anonymity and customer service, add additional comments on your experience as a cardholder, and give an overall score for the card.Your reviews should be at least 300 symbols long and contain clear and helpful insights. Write your own opinion. It doesn’t matter if it is positive, negative, or neutral. The only requirements are that they must be fully original and in the English language, only. They should not be similar to other reviews including your own.Companies can also join the platform with our premium subscription. They can then respond to authors and reward them for high-quality reviews while improving their reputation within the crypto community.Why Revain is The Trusted Authority for Choosing Crypto CardsRevain’s custom-built AI checks reviews and filters out the low-quality ones and rewards those with high-quality. With the development of more advanced algorithms and models of machine learning, The Platform aims to eliminate fake and spam reviews.Furthermore, once reviews are validated in the blockchain, they cannot be edited and altered, giving rise to personal, fair reviews from actual individuals. Users are also rewarded for their high-quality reviews with RVN tokens, encouraging more people to participate by writing constructive and honest reviews.On January 31st, 2019, The Platform reached a milestone — more than 2,000 crypto exchanges and projects were added. This made Revain the singular website where one can read authentic reviews of users, experts, and investors about crypto entities.By using the Revain Platform, you will be consulting the trusted authority for crypto cards before selecting one for your own. With access to over hundreds of authentic user reviews, you can be assured that the crypto card that you do finally choose will be one that has been authentically tried and tested.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Crypto Card Review Platform was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 18

How Feedback is Organised o...

In this consumer-driven, online era, feedback can be a valuable resource — or a manipulated commodity. Revain’s platform provides a place for authentic reviews of crowdfunding crypto ventures.Using its unique blockchain technology and token incentives, Revain is developing a forum that businesses and users within the crypto community can trust. That forum is also easily understood and user-friendly to navigate.Users can access general categories of projects, exchanges or wallets, or search for a specific product. Users can also browse Revain’s compilation of “Most Valuable” reviews or most recently posted.How Feedback is Organised on a PlatformFirst, any platform has to get the feedback from its reviewers. Many feedback sites publish material immediately, and work backwards to determine quality of content. Yelp recommends what it considers high-quality reviews, but doesn’t necessarily remove lower-quality reviews. Amazon similarly offers users an authentication stamp of “Amazon Verified Purchase.” The sales site also solicits for quality feedback through its Early Reviewer and Vine Programs.This doesn’t mean Amazon immediately pulls less-qualified reviews. It clearly states a policy of “anti-manipulation” and harsh punishment for users who violate the policy. Many of Amazon’s investigations begin with users informing them of suspicious reviews that have been posted.Revain, however, uses an artificial intelligence algorithm to evaluate its reviews before they are published. The algorithm analyzes the tone of the reviews and categorises the feedback as spam, positive, or negative. Spam reviews are discarded before they are entered into the blockchain, and never make it onto the site itself.Blockchain is akin to a digital ledger for transactions, which can store records, exchange assets or execute contracts. Each transaction is cryptographically validated, permanently recorded, and replicated across a computer network. Once the review enters the blockchain, it cannot be edited or altered by Revain, the reviewer, or the business under evaluation. This means that a published review is free of manipulation and worthy of trust.How Revain Organises ReviewsLike most feedback platforms, Revain’s reviews work on a five-star system. However, Revain’s reviewers give stars in three separate categories, which are then averaged into an overall star rating. Whatever the product or service, each reviewer notes pros and cons of the system, and then gives a final summary of their opinion. When users find a review helpful, they can click on a sharable link to bring fellow crypto-holders to the spot.Revain endeavors to give its users information in bite-size chunks, unlike sites such as 99Bitcoins, which features in-depth but much longer reviews. Yelp also gives its readers bite-size chunks, but their reviewers put those chunks in general paragraphs instead of in three categories. TripAdvisor also offers reviews in paragraph form, but the length varies widely.Incorporating its blockchain technology, Revain users can actually click to see where and when the review was locked by the blockchain. The site has a chart that displays the review ID, action hash, and timestamp.Who is Giving the Feedback?All of the reviews can be viewed by product or reviewer. In each Revain reviewer’s profile, users can see the history of the reviewer, past usefulness of other reviews, and read through all product feedback by that person in one spot.When reviews are grouped together by product, Revain compiles all of the authenticated feedback to give average star ratings in the three separate categories and overall. Users can view either the “most valuable” reviews or the latest reviews related to that product.CryptoCompare also has pages specifically dedicated to each product, but their followers give one-line posts in an open forum. The reviews have to be searched for in a different tab.Getting an Overall LookThe final way to see a compilation of reviews on the Revain platform is by sections. Projects, exchanges, and wallets each have a ranked list users can access. The lists all give the average overall star rating and number of reviews, along with additional categories based on the product type. The default setting is by rank, but Revain allows users to sort the list by the other categories as well.Yelp also offers its readers a ranked list based on reviews, but the top two are always ad-sponsored spaces. In Revain, the rank is solely dependent on popularity and people’s impressions. A large amount of high-quality feedback will move a product higher in the overall ranking.Interested in a Project, Exchange or Wallet?Different arenas within the cryptocurrency world require different criteria of evaluation. When a project is reviewed, authors consider the factors of team, communication, and progress. The ranked list Revain compiles notes the rank and number of reviews for each project, and also shows its volume, price, and open source activity.Click on the volume or price, and you can see a graph of how that has changed hourly in the last day. CryptoCompare uses a similar style of list on their main page, but breaks down volume into total and direct. They use a seven-day chart as opposed to hourly, and show one number for the 24-hour change instead of a time graph (to get to a time breakdown, you have to visit the project’s specific page).Exchanges in Revain are evaluated on the categories of support, withdrawal, and registration process. The ranked list not only displays an exchange’s rank and number of reviews, but also its launch date, total volume by Bitcoin or United States dollar, and trading pairs.When reading reviews about specific wallets, users can see star ratings about security, anonymity, and ease of use. In the ranked list of all of the wallets, reviews and ratings are joined by cryptocurrencies, type, device, eligible operating systems, and whether or not extra services are offered.Influence Upcoming LayoutsRevain is still developing its platform, and wants users to be directly involved in the process. The projects, exchanges, and crypto wallets have been available for user participation for several months, and Revain added Crypto Cards to the line up in January. Revain is asking users to vote for the next section that they would like unveiled.Options include mining pools, crypto casinos, and crypto games. Users can add their own category onto the voting ballot as well. The most popular section will be added onto the platform in the near future.So instead of slogging through a melee of online feedback for crypto crowdfunded ventures and trying to determine authenticity, Revain users can easily navigate to the information they need most. Users can influence what information will be featured in the future, and have confidence that what they are reading is uninfluenced by manipulation or hidden bias. Join the Revain revolution now.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How Feedback is Organised on Revain Platform as Opposed to Other Feedback Sites was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 11

How Feedback is Organised o...

In this consumer-driven, online era, feedback can be a valuable resource — or a manipulated commodity. Revain’s platform provides a place for authentic reviews of crowdfunding crypto ventures.Using its unique blockchain technology and token incentives, Revain is developing a forum that businesses and users within the crypto community can trust. That forum is also easily understood and user-friendly to navigate.Users can access general categories of projects, exchanges or wallets, or search for a specific product. Users can also browse Revain’s compilation of “Most Valuable” reviews or most recently posted.How Feedback is Organised on a PlatformFirst, any platform has to get the feedback from its reviewers. Many feedback sites publish material immediately, and work backwards to determine quality of content. Yelp recommends what it considers high-quality reviews, but doesn’t necessarily remove lower-quality reviews. Amazon similarly offers users an authentication stamp of “Amazon Verified Purchase.” The sales site also solicits for quality feedback through its Early Reviewer and Vine Programs.This doesn’t mean Amazon immediately pulls less-qualified reviews. It clearly states a policy of “anti-manipulation” and harsh punishment for users who violate the policy. Many of Amazon’s investigations begin with users informing them of suspicious reviews that have been posted.Revain, however, uses an artificial intelligence algorithm to evaluate its reviews before they are published. The algorithm analyzes the tone of the reviews and categorises the feedback as spam, positive, or negative. Spam reviews are discarded before they are entered into the blockchain, and never make it onto the site itself.Blockchain is akin to a digital ledger for transactions, which can store records, exchange assets or execute contracts. Each transaction is cryptographically validated, permanently recorded, and replicated across a computer network. Once the review enters the blockchain, it cannot be edited or altered by Revain, the reviewer, or the business under evaluation. This means that a published review is free of manipulation and worthy of trust.How Revain Organises ReviewsLike most feedback platforms, Revain’s reviews work on a five-star system. However, Revain’s reviewers give stars in three separate categories, which are then averaged into an overall star rating. Whatever the product or service, each reviewer notes pros and cons of the system, and then gives a final summary of their opinion. When users find a review helpful, they can click on a sharable link to bring fellow crypto-holders to the spot.Revain endeavors to give its users information in bite-size chunks, unlike sites such as 99Bitcoins, which features in-depth but much longer reviews. Yelp also gives its readers bite-size chunks, but their reviewers put those chunks in general paragraphs instead of in three categories. TripAdvisor also offers reviews in paragraph form, but the length varies widely.Incorporating its blockchain technology, Revain users can actually click to see where and when the review was locked by the blockchain. The site has a chart that displays the review ID, action hash, and timestamp.Who is Giving the Feedback?All of the reviews can be viewed by product or reviewer. In each Revain reviewer’s profile, users can see the history of the reviewer, past usefulness of other reviews, and read through all product feedback by that person in one spot.When reviews are grouped together by product, Revain compiles all of the authenticated feedback to give average star ratings in the three separate categories and overall. Users can view either the “most valuable” reviews or the latest reviews related to that product.CryptoCompare also has pages specifically dedicated to each product, but their followers give one-line posts in an open forum. The reviews have to be searched for in a different tab.Getting an Overall LookThe final way to see a compilation of reviews on the Revain platform is by sections. Projects, exchanges, and wallets each have a ranked list users can access. The lists all give the average overall star rating and number of reviews, along with additional categories based on the product type. The default setting is by rank, but Revain allows users to sort the list by the other categories as well.Yelp also offers its readers a ranked list based on reviews, but the top two are always ad-sponsored spaces. In Revain, the rank is solely dependent on popularity and people’s impressions. A large amount of high-quality feedback will move a product higher in the overall ranking.Interested in a Project, Exchange or Wallet?Different arenas within the cryptocurrency world require different criteria of evaluation. When a project is reviewed, authors consider the factors of team, communication, and progress. The ranked list Revain compiles notes the rank and number of reviews for each project, and also shows its volume, price, and open source activity.Click on the volume or price, and you can see a graph of how that has changed hourly in the last day. CryptoCompare uses a similar style of list on their main page, but breaks down volume into total and direct. They use a seven-day chart as opposed to hourly, and show one number for the 24-hour change instead of a time graph (to get to a time breakdown, you have to visit the project’s specific page).Exchanges in Revain are evaluated on the categories of support, withdrawal, and registration process. The ranked list not only displays an exchange’s rank and number of reviews, but also its launch date, total volume by Bitcoin or United States dollar, and trading pairs.When reading reviews about specific wallets, users can see star ratings about security, anonymity, and ease of use. In the ranked list of all of the wallets, reviews and ratings are joined by cryptocurrencies, type, device, eligible operating systems, and whether or not extra services are offered.Influence Upcoming LayoutsRevain is still developing its platform, and wants users to be directly involved in the process. The projects, exchanges, and crypto wallets have been available for user participation for several months, and Revain added Crypto Cards to the line up in January. Revain is asking users to vote for the next section that they would like unveiled.Options include mining pools, crypto casinos, and crypto games. Users can add their own category onto the voting ballot as well. The most popular section will be added onto the platform in the near future.So instead of slogging through a melee of online feedback for crypto crowdfunded ventures and trying to determine authenticity, Revain users can easily navigate to the information they need most. Users can influence what information will be featured in the future, and have confidence that what they are reading is uninfluenced by manipulation or hidden bias. Join the Revain revolution now.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How Feedback is Organised on Revain Platform as Opposed to Other Feedback Sites was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 11

How Feedback is Organised o...

In this consumer-driven, online era, feedback can be a valuable resource — or a manipulated commodity. Revain’s platform provides a place for authentic reviews of crowdfunding crypto ventures.Using its unique blockchain technology and token incentives, Revain is developing a forum that businesses and users within the crypto community can trust. That forum is also easily understood and user-friendly to navigate.Users can access general categories of projects, exchanges or wallets, or search for a specific product. Users can also browse Revain’s compilation of “Most Valuable” reviews or most recently posted.How Feedback is Organised on a PlatformFirst, any platform has to get the feedback from its reviewers. Many feedback sites publish material immediately, and work backwards to determine quality of content. Yelp recommends what it considers high-quality reviews, but doesn’t necessarily remove lower-quality reviews. Amazon similarly offers users an authentication stamp of “Amazon Verified Purchase.” The sales site also solicits for quality feedback through its Early Reviewer and Vine Programs.This doesn’t mean Amazon immediately pulls less-qualified reviews. It clearly states a policy of “anti-manipulation” and harsh punishment for users who violate the policy. Many of Amazon’s investigations begin with users informing them of suspicious reviews that have been posted.Revain, however, uses an artificial intelligence algorithm to evaluate its reviews before they are published. The algorithm analyzes the tone of the reviews and categorises the feedback as spam, positive, or negative. Spam reviews are discarded before they are entered into the blockchain, and never make it onto the site itself.Blockchain is akin to a digital ledger for transactions, which can store records, exchange assets or execute contracts. Each transaction is cryptographically validated, permanently recorded, and replicated across a computer network. Once the review enters the blockchain, it cannot be edited or altered by Revain, the reviewer, or the business under evaluation. This means that a published review is free of manipulation and worthy of trust.How Revain Organises ReviewsLike most feedback platforms, Revain’s reviews work on a five-star system. However, Revain’s reviewers give stars in three separate categories, which are then averaged into an overall star rating. Whatever the product or service, each reviewer notes pros and cons of the system, and then gives a final summary of their opinion. When users find a review helpful, they can click on a sharable link to bring fellow crypto-holders to the spot.Revain endeavors to give its users information in bite-size chunks, unlike sites such as 99Bitcoins, which features in-depth but much longer reviews. Yelp also gives its readers bite-size chunks, but their reviewers put those chunks in general paragraphs instead of in three categories. TripAdvisor also offers reviews in paragraph form, but the length varies widely.Incorporating its blockchain technology, Revain users can actually click to see where and when the review was locked by the blockchain. The site has a chart that displays the review ID, action hash, and timestamp.Who is Giving the Feedback?All of the reviews can be viewed by product or reviewer. In each Revain reviewer’s profile, users can see the history of the reviewer, past usefulness of other reviews, and read through all product feedback by that person in one spot.When reviews are grouped together by product, Revain compiles all of the authenticated feedback to give average star ratings in the three separate categories and overall. Users can view either the “most valuable” reviews or the latest reviews related to that product.CryptoCompare also has pages specifically dedicated to each product, but their followers give one-line posts in an open forum. The reviews have to be searched for in a different tab.Getting an Overall LookThe final way to see a compilation of reviews on the Revain platform is by sections. Projects, exchanges, and wallets each have a ranked list users can access. The lists all give the average overall star rating and number of reviews, along with additional categories based on the product type. The default setting is by rank, but Revain allows users to sort the list by the other categories as well.Yelp also offers its readers a ranked list based on reviews, but the top two are always ad-sponsored spaces. In Revain, the rank is solely dependent on popularity and people’s impressions. A large amount of high-quality feedback will move a product higher in the overall ranking.Interested in a Project, Exchange or Wallet?Different arenas within the cryptocurrency world require different criteria of evaluation. When a project is reviewed, authors consider the factors of team, communication, and progress. The ranked list Revain compiles notes the rank and number of reviews for each project, and also shows its volume, price, and open source activity.Click on the volume or price, and you can see a graph of how that has changed hourly in the last day. CryptoCompare uses a similar style of list on their main page, but breaks down volume into total and direct. They use a seven-day chart as opposed to hourly, and show one number for the 24-hour change instead of a time graph (to get to a time breakdown, you have to visit the project’s specific page).Exchanges in Revain are evaluated on the categories of support, withdrawal, and registration process. The ranked list not only displays an exchange’s rank and number of reviews, but also its launch date, total volume by Bitcoin or United States dollar, and trading pairs.When reading reviews about specific wallets, users can see star ratings about security, anonymity, and ease of use. In the ranked list of all of the wallets, reviews and ratings are joined by cryptocurrencies, type, device, eligible operating systems, and whether or not extra services are offered.Influence Upcoming LayoutsRevain is still developing its platform, and wants users to be directly involved in the process. The projects, exchanges, and crypto wallets have been available for user participation for several months, and Revain added Crypto Cards to the line up in January. Revain is asking users to vote for the next section that they would like unveiled.Options include mining pools, crypto casinos, and crypto games. Users can add their own category onto the voting ballot as well. The most popular section will be added onto the platform in the near future.So instead of slogging through a melee of online feedback for crypto crowdfunded ventures and trying to determine authenticity, Revain users can easily navigate to the information they need most. Users can influence what information will be featured in the future, and have confidence that what they are reading is uninfluenced by manipulation or hidden bias. Join the Revain revolution now.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How Feedback is Organised on Revain Platform as Opposed to Other Feedback Sites was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 11

Revain Monthly Report: Janu...

The recent experiment of publishing monthly progress rundowns turned out to be successful: the community has expressed profound interest in the December monthly recap and showed great anticipation towards the next one, and so, upholding our new tradition of releasing monthly development summaries, here comes January 2019 Revain Report.The start of the new year marked many new beginnings for our team. January has been extremely development-heavy, which resulted in the release of the new category just one month after the previous one as well as the listing of over two thousand new entities. Without further ado, let’s dive right in!January 10. A presentation about Revain project and all the major developments that happened since the moment we concluded crowdfunding in September 2017 is released. Check it out!January 18 . A profound testing of Revain huge new redesign with our most loyal users who are participating in our beta test program. Thank you for everyone involved! The new design with new exciting features is still early, but we are aiming to release it this spring.January 21. Revain is listed on Twim @twimtrade, the new promising exchange from Estonia which aims to create a solution equally fit for new and experienced traders.January 25. Revain is added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token.The airdrop was launched to incentivize the trading of R on the ABCC.January 29. New Revain social channels for the Chinese communities are created. Our Chinese community is growing rapidly and it was time to expand our social media presence and establish new communication channels.January 29. The Crypto Cards Category added to Revain. Over 40 cards listed.January 30. As part of our partnership with the ABCC exchange, the new giveaway is launched. It’s meant to incentivize users to share their experience with the ABCC. Giveaway Details.January 31 — This month’s most prominent highlight: more than 2000 crypto projects and exchanges are added to Revain. This makes Revain the singular place on the web where one can read authentic reviews of other users, experts and investors about almost any crypto entity.Here’s a list of most prominent articles of the past month, both third-party and our own, concerning Revain.1) Blockchain in Retail: Crypto tokens as Loyalty Points; Revain on Mediumhttps://medium.com/revain/blockchain-in-retail-crypto-tokens-as-loyalty-points-675a8afe037d2) Steemhunt post about Revain https://steemhunt.com/@d-zero/revain-1st-blockchain-based-review-platform-with-ai-tech-and-rewards?ref=camzy3) Crypto Wallets; Revain on Mediumhttps://medium.com/revain/crypto-wallets-bdec52eb7a664) Fight Fake Reviews With Blockchain- The Revain Project; ABCC exchange on Mediumhttps://medium.com/abcc-exchange/fight-fake-reviews-with-blockchain-the-revain-project-4e9083fa61085) Revain’s Custom-Built AI for Review Analysis; Revain on Mediumhttps://medium.com/revain/revains-custom-built-ai-for-review-analysis-c0e3c699adf8As always, we are open to any suggestions. Have an idea? Feel free to drop us a few line on our social media.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: January 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 04

Revain Monthly Report: Janu...

The recent experiment of publishing monthly progress rundowns turned out to be successful: the community has expressed profound interest in the December monthly recap and showed great anticipation towards the next one, and so, upholding our new tradition of releasing monthly development summaries, here comes January 2019 Revain Report.The start of the new year marked many new beginnings for our team. January has been extremely development-heavy, which resulted in the release of the new category just one month after the previous one as well as the listing of over two thousand new entities. Without further ado, let’s dive right in!January 10. A presentation about Revain project and all the major developments that happened since the moment we concluded crowdfunding in September 2017 is released. Check it out!January 18 . A profound testing of Revain huge new redesign with our most loyal users who are participating in our beta test program. Thank you for everyone involved! The new design with new exciting features is still early, but we are aiming to release it this spring.January 21. Revain is listed on Twim @twimtrade, the new promising exchange from Estonia which aims to create a solution equally fit for new and experienced traders.January 25. Revain is added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token.The airdrop was launched to incentivize the trading of R on the ABCC.January 29. New Revain social channels for the Chinese communities are created. Our Chinese community is growing rapidly and it was time to expand our social media presence and establish new communication channels.January 29. The Crypto Cards Category added to Revain. Over 40 cards listed.January 30. As part of our partnership with the ABCC exchange, the new giveaway is launched. It’s meant to incentivize users to share their experience with the ABCC. Giveaway Details.January 31 — This month’s most prominent highlight: more than 2000 crypto projects and exchanges are added to Revain. This makes Revain the singular place on the web where one can read authentic reviews of other users, experts and investors about almost any crypto entity.Here’s a list of most prominent articles of the past month, both third-party and our own, concerning Revain.1) Blockchain in Retail: Crypto tokens as Loyalty Points; Revain on Mediumhttps://medium.com/revain/blockchain-in-retail-crypto-tokens-as-loyalty-points-675a8afe037d2) Steemhunt post about Revain https://steemhunt.com/@d-zero/revain-1st-blockchain-based-review-platform-with-ai-tech-and-rewards?ref=camzy3) Crypto Wallets; Revain on Mediumhttps://medium.com/revain/crypto-wallets-bdec52eb7a664) Fight Fake Reviews With Blockchain- The Revain Project; ABCC exchange on Mediumhttps://medium.com/abcc-exchange/fight-fake-reviews-with-blockchain-the-revain-project-4e9083fa61085) Revain’s Custom-Built AI for Review Analysis; Revain on Mediumhttps://medium.com/revain/revains-custom-built-ai-for-review-analysis-c0e3c699adf8As always, we are open to any suggestions. Have an idea? Feel free to drop us a few line on our social media.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|ЇRevain Monthly Report: January 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 04

Revain Monthly Report: Janu...

The recent experiment of publishing monthly progress rundowns turned out to be successful: the community has expressed profound interest in the December monthly recap and showed great anticipation towards the next one, and so, upholding our new tradition of releasing monthly development summaries, here comes January 2019 Revain Report.The start of the new year marked many new beginnings for our team. January has been extremely development-heavy, which resulted in the release of the new category just one month after the previous one as well as the listing of over two thousand new entities. Without further ado, let’s dive right in!January 10. A presentation about Revain project and all the major developments that happened since the moment we concluded crowdfunding in September 2017 is released. Check it out!January 18 . A profound testing of Revain huge new redesign with our most loyal users who are participating in our beta test program. Thank you for everyone involved! The new design with new exciting features is still early, but we are aiming to release it this spring.January 21. Revain is listed on Twim @twimtrade, the new promising exchange from Estonia which aims to create a solution equally fit for new and experienced traders.January 25. Revain is added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token.The airdrop was launched to incentivize the trading of R on the ABCC.January 29. New Revain social channels for the Chinese communities are created. Our Chinese community is growing rapidly and it was time to expand our social media presence and establish new communication channels.January 29. The Crypto Cards Category added to Revain. Over 40 cards listed.January 30. As part of our partnership with the ABCC exchange, the new giveaway is launched. It’s meant to incentivize users to share their experience with the ABCC. Giveaway Details.January 31 — This month’s most prominent highlight: more than 2000 crypto projects and exchanges are added to Revain. This makes Revain the singular place on the web where one can read authentic reviews of other users, experts and investors about almost any crypto entity.Here’s a list of most prominent articles of the past month, both third-party and our own, concerning Revain.1) Blockchain in Retail: Crypto tokens as Loyalty Points; Revain on Mediumhttps://medium.com/revain/blockchain-in-retail-crypto-tokens-as-loyalty-points-675a8afe037d2) Steemhunt post about Revain https://steemhunt.com/@d-zero/revain-1st-blockchain-based-review-platform-with-ai-tech-and-rewards?ref=camzy3) Crypto Wallets; Revain on Mediumhttps://medium.com/revain/crypto-wallets-bdec52eb7a664) Fight Fake Reviews With Blockchain- The Revain Project; ABCC exchange on Mediumhttps://medium.com/abcc-exchange/fight-fake-reviews-with-blockchain-the-revain-project-4e9083fa61085) Revain’s Custom-Built AI for Review Analysis; Revain on Mediumhttps://medium.com/revain/revains-custom-built-ai-for-review-analysis-c0e3c699adf8As always, we are open to any suggestions. Have an idea? Feel free to drop us a few line on our social media.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: January 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 04

New Category on Revain: Cry...

Just a month ago we added Crypto Wallets category to already existing on Revain Projects and Exchanges. Today we are happy to announce the 4th Revain category — Crypto Cards.A crypto card, is, basically, a debit or credit card that allows you to pay using at least one type of cryptocurrency; they typically provide the option to pay with fiat as well. Turns out these are pretty popular with some of our users, as we’ve received a lot of requests for listing them on Revain.Take a look 👉https://revain.org/crypto-cardsFor each card, we show a set of basic parameters that you’ll need to choose a card that suits you, specifically card currency, initial cost, ATM, monthly and overall fees, monthly and daily limits, e.t.c. You can review each crypto card by Security, Anonymity and Customer Service.Here is the list of crypto currently available for review:AdvCash EURAdvCash USDANX Elite USDANXPRO Premium USDBitpay EURBitpay GRPBitPay USDBitstamp USDBonpay EUR CardBonpay USD CardCoinomat EURCoinomat USDCoinsBank EURCoinsBank GBPCoinsBank USDCryptoPay EURCryptoPay GBPCryptoPay USDLoadoo EURLoadoo GBPLoadoo USDMonaco Midnight Blue CardMonaco Rose Gold CardMonaco Ruby Steel CardMonaco Space Gray CardObsidian Black CardPaycent EURPaycent GBPPaycent USDShake EURShake USDShift USDSpectroCoin EURSpectroCoin GBPSpectroCoin USDUquid EUR CardUquid GBPUquid USDWageCan EURWageCan GBPWageCan USDWirex EURWirex GBPWirex USDXapo EURXapo GBPXapo USDJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|New Category on Revain: Crypto Cards was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 31

New Category on Revain: Cry...

Just a month ago we added Crypto Wallets category to already existing on Revain Projects and Exchanges. Today we are happy to announce the 4th Revain category — Crypto Cards.A crypto card, is, basically, a debit or credit card that allows you to pay using at least one type of cryptocurrency; they typically provide the option to pay with fiat as well. Turns out these are pretty popular with some of our users, as we’ve received a lot of requests for listing them on Revain.Take a look 👉https://revain.org/crypto-cardsFor each card, we show a set of basic parameters that you’ll need to choose a card that suits you, specifically card currency, initial cost, ATM, monthly and overall fees, monthly and daily limits, e.t.c. You can review each crypto card by Security, Anonymity and Customer Service.Here is the list of crypto currently available for review:AdvCash EURAdvCash USDANX Elite USDANXPRO Premium USDBitpay EURBitpay GRPBitPay USDBitstamp USDBonpay EUR CardBonpay USD CardCoinomat EURCoinomat USDCoinsBank EURCoinsBank GBPCoinsBank USDCryptoPay EURCryptoPay GBPCryptoPay USDLoadoo EURLoadoo GBPLoadoo USDMonaco Midnight Blue CardMonaco Rose Gold CardMonaco Ruby Steel CardMonaco Space Gray CardObsidian Black CardPaycent EURPaycent GBPPaycent USDShake EURShake USDShift USDSpectroCoin EURSpectroCoin GBPSpectroCoin USDUquid EUR CardUquid GBPUquid USDWageCan EURWageCan GBPWageCan USDWirex EURWirex GBPWirex USDXapo EURXapo GBPXapo USDJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|New Category on Revain: Crypto Cards was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 31

New Category on Revain: Cry...

Just a month ago we added Crypto Wallets category to already existing on Revain Projects and Exchanges. Today we are happy to announce the 4th Revain category — Crypto Cards.A crypto card, is, basically, a debit or credit card that allows you to pay using at least one type of cryptocurrency; they typically provide the option to pay with fiat as well. Turns out these are pretty popular with some of our users, as we’ve received a lot of requests for listing them on Revain.Take a look 👉https://revain.org/crypto-cardsFor each card, we show a set of basic parameters that you’ll need to choose a card that suits you, specifically card currency, initial cost, ATM, monthly and overall fees, monthly and daily limits, e.t.c. You can review each crypto card by Security, Anonymity and Customer Service.Here is the list of crypto currently available for review:AdvCash EURAdvCash USDANX Elite USDANXPRO Premium USDBitpay EURBitpay GRPBitPay USDBitstamp USDBonpay EUR CardBonpay USD CardCoinomat EURCoinomat USDCoinsBank EURCoinsBank GBPCoinsBank USDCryptoPay EURCryptoPay GBPCryptoPay USDLoadoo EURLoadoo GBPLoadoo USDMonaco Midnight Blue CardMonaco Rose Gold CardMonaco Ruby Steel CardMonaco Space Gray CardObsidian Black CardPaycent EURPaycent GBPPaycent USDShake EURShake USDShift USDSpectroCoin EURSpectroCoin GBPSpectroCoin USDUquid EUR CardUquid GBPUquid USDWageCan EURWageCan GBPWageCan USDWirex EURWirex GBPWirex USDXapo EURXapo GBPXapo USDJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|New Category on Revain: Crypto Cards was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 31

Revain’s Custom-Built AI fo...

Revain is a blockchain-based review platform with a goal to bring back people’s trust in online reviews. Currently, Revain is focused on reviews on projects which concluded ICO/crowdsale stage. The reviews and ratings help investors decide on their next venture. This is the ‘magic’ of custom-built artificial intelligence (AI) in action.Set to impact every industry and business, “artificial Intelligence is the definitive technology of the 21st century”. Forrester, an American market research company providing data on the existing and potential impact of technology, reports that 62% of enterprises were already using artificial intelligence in 2018 and predicts AI will be a $47 billion market by 2020. With this groundbreaking outlook it’s important to have an understanding of AI and its impact.Dawn of the MachinesBack in the 1950’s Minsky and McCarthy, the fathers of the AI field, described AI as any task performed by a program or a machine that would require intelligence if carried out by a human. Such AI systems typically display forms of human intelligence like planning, learning, reasoning, problem solving, recognition, motion, manipulation and partial social intelligence and creativity.Higher levels of artificial intelligence fall into two broad categories: narrow AI and general AI. What most computers generally do — intelligent systems carrying out specific tasks without expressly being programmed to so do — is covered under narrow AI. These systems, like Siri, can only be taught to do specific tasks. General AI has “adaptable intellect and a flexible form of intelligence that is capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience.”Rise of the MachinesThere is a broad body of research involved in AI — machine learning — which supplies and enhances upon itself. In machine learning, a computer system is fed large amounts of data, which is used to master carrying out a specific task.Deep learning is an amplified version of machine learning where neural networks — layers of interconnected algorithms — are dispersed over elaborate networks with large numbers of layers trained to use enormous amounts of data. Deep neural networks have facilitated the current ability of computers to perform tasks like speech recognition.AI´s Master in BusinessDelving into custom-built AI and using advanced technologies have already led to AI companies mastering markets given that artificial intelligence saves time and money, avoids human errors and increases productivity and revenues. AI’s algorithms can help create personalised customer experiences, resolve problems before they occur and streamline purchases, which reduces operational costs and improves efficiency.Akin to Revain’s Platform, another company guiding markets by employing custom-built AI is Unicsoft. Unicsoft was named one of the 15-best artificial intelligence companies by ThinkMobile — a mobile app marketplace of IT companies and software products — based on its ratings of managing challenging AI projects with positive customer feedback. Banking on the rise of blockchain and AI, Unicsoft was founded focused on these two technologies. Currently headquartered in Scotland they’ve completed 120 projects over 13 years with the aid of custom-built AI, helping businesses to advance in the process.One such project saw Unicsoft solicited by a well-known Central European e-commerce merchant to create a tool analysing customers’ feedback on goods purchased through their online marketplace. Their customer experiences were divided into three categories: positive, negative or neutral based on the tone and temperament of every word of the customer’s social postings.Unicsoft went about cleaning and munging data and as an initial step, applying tokenization. A NLTK (national language toolkit — a tool for teaching and working in computational linguistics using Python) tool was then used to interpret synonyms, semantics, and the overall mood of feedback in a form of semantics analysis. Along with semantic analysis, language specifics, NLP (neuro-linguistic programming) and Data Science techniques involving a set of demographic characteristics was included to model and sum up a complex analytical solution.Unicsoft’s team of expert analysts, mathematicians and software developers created the analytical solution which resulted in the client being able to define a marketing and sales strategy. One year after applying the solution, a 10% revenue increase was achieved, along with an overall high-level of delivery and solution architecture.Custom AI in ActionSo how does Revain’s Platform make their custom-built AI “magic” happen? Like Unicsoft, Revain realised at the beginning of the Review Review Platform project that AI would be one of its focal points. In order to fulfill the responsibility of producing genuine, transparent reviews that are helpful, Revain designed an authentication system, which comprised automatic filtering followed by a manual moderation stage using the ready-to-use reliable products of IBM Watson.With the help of IBM Watson’s Natural Language Understanding and Tone Analyser applications, reviews on the platform were categorised as spam, positive or negative. In the subsequent manual moderation stage, the reviews were then processed manually by an in-house team. Once validated, they were entered in the blockchain, where they could not be edited or altered. Although IBM Watson solutions did an excellent job in meeting the Platform’s goals and specific tasks, the need for eliminating manual moderation was noted. This was to minimise human errors and to promote the efficient use of human resources.RetrainingIn time, Revain decided to create a customised product tailored to their goals. In 2018, the switch was made to “self-written algorithms and models based on open-source solutions. The architecture, placed on AWS (Amazon Web Services) allowed for quicker and more easily scalable solutions.” It also offered a large degree of freedom in testing resulting in implementation of a large number of different models, thereby creating speed-efficient and simple machine learning models.Monitoring of the appropriate output in the form of feedback from the Platform’s users continues to train the current models, giving them more confidence in making the right decisions. The main goal now is the introduction of more complex models that bring more quality and efficiency in the evaluation of reviews, without losing the speed and scalability of the solutions.The challenge of quashing fake, spam and purchased reviews which devalue the Platform is an ongoing and complicated fight for Revain. Firing back tools include a large number of high-quality reviews written by users along with more advanced algorithms and models of machine learning developed by scientists and engineers. The possibility of implementing a reference-based service is also in the works.Online reviews have an enormous impact on consumer purchases. The technology market research company, Dimensional Research reported that 90% of respondents said that positive online reviews influence their buying decisions and 86% said that their buying decisions were influenced by negative online reviews. Revain Platform’s is set to become a major influencer using its custom-built AI review analysis to provide trustworthy reviews.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Custom-Built AI for Review Analysis was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 30

Revain’s Custom-Built AI fo...

Revain is a blockchain-based review platform with a goal to bring back people’s trust in online reviews. Currently, Revain is focused on reviews on projects which concluded ICO/crowdsale stage. The reviews and ratings help investors decide on their next venture. This is the ‘magic’ of custom-built artificial intelligence (AI) in action.Set to impact every industry and business, “artificial Intelligence is the definitive technology of the 21st century”. Forrester, an American market research company providing data on the existing and potential impact of technology, reports that 62% of enterprises were already using artificial intelligence in 2018 and predicts AI will be a $47 billion market by 2020. With this groundbreaking outlook it’s important to have an understanding of AI and its impact.Dawn of the MachinesBack in the 1950’s Minsky and McCarthy, the fathers of the AI field, described AI as any task performed by a program or a machine that would require intelligence if carried out by a human. Such AI systems typically display forms of human intelligence like planning, learning, reasoning, problem solving, recognition, motion, manipulation and partial social intelligence and creativity.Higher levels of artificial intelligence fall into two broad categories: narrow AI and general AI. What most computers generally do — intelligent systems carrying out specific tasks without expressly being programmed to so do — is covered under narrow AI. These systems, like Siri, can only be taught to do specific tasks. General AI has “adaptable intellect and a flexible form of intelligence that is capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience.”Rise of the MachinesThere is a broad body of research involved in AI — machine learning — which supplies and enhances upon itself. In machine learning, a computer system is fed large amounts of data, which is used to master carrying out a specific task.Deep learning is an amplified version of machine learning where neural networks — layers of interconnected algorithms — are dispersed over elaborate networks with large numbers of layers trained to use enormous amounts of data. Deep neural networks have facilitated the current ability of computers to perform tasks like speech recognition.AI´s Master in BusinessDelving into custom-built AI and using advanced technologies have already led to AI companies mastering markets given that artificial intelligence saves time and money, avoids human errors and increases productivity and revenues. AI’s algorithms can help create personalised customer experiences, resolve problems before they occur and streamline purchases, which reduces operational costs and improves efficiency.Akin to Revain’s Platform, another company guiding markets by employing custom-built AI is Unicsoft. Unicsoft was named one of the 15-best artificial intelligence companies by ThinkMobile — a mobile app marketplace of IT companies and software products — based on its ratings of managing challenging AI projects with positive customer feedback. Banking on the rise of blockchain and AI, Unicsoft was founded focused on these two technologies. Currently headquartered in Scotland they’ve completed 120 projects over 13 years with the aid of custom-built AI, helping businesses to advance in the process.One such project saw Unicsoft solicited by a well-known Central European e-commerce merchant to create a tool analysing customers’ feedback on goods purchased through their online marketplace. Their customer experiences were divided into three categories: positive, negative or neutral based on the tone and temperament of every word of the customer’s social postings.Unicsoft went about cleaning and munging data and as an initial step, applying tokenization. A NLTK (national language toolkit — a tool for teaching and working in computational linguistics using Python) tool was then used to interpret synonyms, semantics, and the overall mood of feedback in a form of semantics analysis. Along with semantic analysis, language specifics, NLP (neuro-linguistic programming) and Data Science techniques involving a set of demographic characteristics was included to model and sum up a complex analytical solution.Unicsoft’s team of expert analysts, mathematicians and software developers created the analytical solution which resulted in the client being able to define a marketing and sales strategy. One year after applying the solution, a 10% revenue increase was achieved, along with an overall high-level of delivery and solution architecture.Custom AI in ActionSo how does Revain’s Platform make their custom-built AI “magic” happen? Like Unicsoft, Revain realised at the beginning of the Review Review Platform project that AI would be one of its focal points. In order to fulfill the responsibility of producing genuine, transparent reviews that are helpful, Revain designed an authentication system, which comprised automatic filtering followed by a manual moderation stage using the ready-to-use reliable products of IBM Watson.With the help of IBM Watson’s Natural Language Understanding and Tone Analyser applications, reviews on the platform were categorised as spam, positive or negative. In the subsequent manual moderation stage, the reviews were then processed manually by an in-house team. Once validated, they were entered in the blockchain, where they could not be edited or altered. Although IBM Watson solutions did an excellent job in meeting the Platform’s goals and specific tasks, the need for eliminating manual moderation was noted. This was to minimise human errors and to promote the efficient use of human resources.RetrainingIn time, Revain decided to create a customised product tailored to their goals. In 2018, the switch was made to “self-written algorithms and models based on open-source solutions. The architecture, placed on AWS (Amazon Web Services) allowed for quicker and more easily scalable solutions.” It also offered a large degree of freedom in testing resulting in implementation of a large number of different models, thereby creating speed-efficient and simple machine learning models.Monitoring of the appropriate output in the form of feedback from the Platform’s users continues to train the current models, giving them more confidence in making the right decisions. The main goal now is the introduction of more complex models that bring more quality and efficiency in the evaluation of reviews, without losing the speed and scalability of the solutions.The challenge of quashing fake, spam and purchased reviews which devalue the Platform is an ongoing and complicated fight for Revain. Firing back tools include a large number of high-quality reviews written by users along with more advanced algorithms and models of machine learning developed by scientists and engineers. The possibility of implementing a reference-based service is also in the works.Online reviews have an enormous impact on consumer purchases. The technology market research company, Dimensional Research reported that 90% of respondents said that positive online reviews influence their buying decisions and 86% said that their buying decisions were influenced by negative online reviews. Revain Platform’s is set to become a major influencer using its custom-built AI review analysis to provide trustworthy reviews.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Custom-Built AI for Review Analysis was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 30

Revain’s Custom-Built AI fo...

Revain is a blockchain-based review platform with a goal to bring back people’s trust in online reviews. Currently, Revain is focused on reviews on projects which concluded ICO/crowdsale stage. The reviews and ratings help investors decide on their next venture. This is the ‘magic’ of custom-built artificial intelligence (AI) in action.Set to impact every industry and business, “artificial Intelligence is the definitive technology of the 21st century”. Forrester, an American market research company providing data on the existing and potential impact of technology, reports that 62% of enterprises were already using artificial intelligence in 2018 and predicts AI will be a $47 billion market by 2020. With this groundbreaking outlook it’s important to have an understanding of AI and its impact.Dawn of the MachinesBack in the 1950’s Minsky and McCarthy, the fathers of the AI field, described AI as any task performed by a program or a machine that would require intelligence if carried out by a human. Such AI systems typically display forms of human intelligence like planning, learning, reasoning, problem solving, recognition, motion, manipulation and partial social intelligence and creativity.Higher levels of artificial intelligence fall into two broad categories: narrow AI and general AI. What most computers generally do — intelligent systems carrying out specific tasks without expressly being programmed to so do — is covered under narrow AI. These systems, like Siri, can only be taught to do specific tasks. General AI has “adaptable intellect and a flexible form of intelligence that is capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience.”Rise of the MachinesThere is a broad body of research involved in AI — machine learning — which supplies and enhances upon itself. In machine learning, a computer system is fed large amounts of data, which is used to master carrying out a specific task.Deep learning is an amplified version of machine learning where neural networks — layers of interconnected algorithms — are dispersed over elaborate networks with large numbers of layers trained to use enormous amounts of data. Deep neural networks have facilitated the current ability of computers to perform tasks like speech recognition.AI´s Master in BusinessDelving into custom-built AI and using advanced technologies have already led to AI companies mastering markets given that artificial intelligence saves time and money, avoids human errors and increases productivity and revenues. AI’s algorithms can help create personalised customer experiences, resolve problems before they occur and streamline purchases, which reduces operational costs and improves efficiency.Akin to Revain’s Platform, another company guiding markets by employing custom-built AI is Unicsoft. Unicsoft was named one of the 15-best artificial intelligence companies by ThinkMobile — a mobile app marketplace of IT companies and software products — based on its ratings of managing challenging AI projects with positive customer feedback. Banking on the rise of blockchain and AI, Unicsoft was founded focused on these two technologies. Currently headquartered in Scotland they’ve completed 120 projects over 13 years with the aid of custom-built AI, helping businesses to advance in the process.One such project saw Unicsoft solicited by a well-known Central European e-commerce merchant to create a tool analysing customers’ feedback on goods purchased through their online marketplace. Their customer experiences were divided into three categories: positive, negative or neutral based on the tone and temperament of every word of the customer’s social postings.Unicsoft went about cleaning and munging data and as an initial step, applying tokenization. A NLTK (national language toolkit — a tool for teaching and working in computational linguistics using Python) tool was then used to interpret synonyms, semantics, and the overall mood of feedback in a form of semantics analysis. Along with semantic analysis, language specifics, NLP (neuro-linguistic programming) and Data Science techniques involving a set of demographic characteristics was included to model and sum up a complex analytical solution.Unicsoft’s team of expert analysts, mathematicians and software developers created the analytical solution which resulted in the client being able to define a marketing and sales strategy. One year after applying the solution, a 10% revenue increase was achieved, along with an overall high-level of delivery and solution architecture.Custom AI in ActionSo how does Revain’s Platform make their custom-built AI “magic” happen? Like Unicsoft, Revain realised at the beginning of the Review Review Platform project that AI would be one of its focal points. In order to fulfill the responsibility of producing genuine, transparent reviews that are helpful, Revain designed an authentication system, which comprised automatic filtering followed by a manual moderation stage using the ready-to-use reliable products of IBM Watson.With the help of IBM Watson’s Natural Language Understanding and Tone Analyser applications, reviews on the platform were categorised as spam, positive or negative. In the subsequent manual moderation stage, the reviews were then processed manually by an in-house team. Once validated, they were entered in the blockchain, where they could not be edited or altered. Although IBM Watson solutions did an excellent job in meeting the Platform’s goals and specific tasks, the need for eliminating manual moderation was noted. This was to minimise human errors and to promote the efficient use of human resources.RetrainingIn time, Revain decided to create a customised product tailored to their goals. In 2018, the switch was made to “self-written algorithms and models based on open-source solutions. The architecture, placed on AWS (Amazon Web Services) allowed for quicker and more easily scalable solutions.” It also offered a large degree of freedom in testing resulting in implementation of a large number of different models, thereby creating speed-efficient and simple machine learning models.Monitoring of the appropriate output in the form of feedback from the Platform’s users continues to train the current models, giving them more confidence in making the right decisions. The main goal now is the introduction of more complex models that bring more quality and efficiency in the evaluation of reviews, without losing the speed and scalability of the solutions.The challenge of quashing fake, spam and purchased reviews which devalue the Platform is an ongoing and complicated fight for Revain. Firing back tools include a large number of high-quality reviews written by users along with more advanced algorithms and models of machine learning developed by scientists and engineers. The possibility of implementing a reference-based service is also in the works.Online reviews have an enormous impact on consumer purchases. The technology market research company, Dimensional Research reported that 90% of respondents said that positive online reviews influence their buying decisions and 86% said that their buying decisions were influenced by negative online reviews. Revain Platform’s is set to become a major influencer using its custom-built AI review analysis to provide trustworthy reviews.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Custom-Built AI for Review Analysis was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 30

Revain has been listed on t...

Advancing our efforts to make Revain easily available to people throughout the world, we’ve arranged a new listing for the R token. It has been added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token. ABCC focuses on assisting investors with identifying valuable blockchain assets, delivering secure online trading, and offering professional service.Check ABCC’s article about Revain: https://medium.com/@abcc.com/4e9083fa6108How to Trade R on ABCCABCC supports trading via Market, Limit and Stop Orders. To start trading, go to the top of the website and click “Exchange.” You will see a list of trading pairs divided by BTC, ETH, and USDT. Clicking on any of them will summon the list of the available pairs. Proceed to choose the one you are interested in, this will take you to the trading page that contains an order book and TradingView charts.Choosing the right exchange is not only a vital part of making your cryptocurrency investments as safe as possible but also determines your trading options. As we are spoiled for choice when it comes to platforms that provide trading services, making a decision can be quite daunting. Revain lets you browse through hundreds of reviews of people who have already tried different platforms so that you can find an exchange that’s a right fit for you.Read reviews on this and other exchanges on RevainRevain has been listed on the abcc exchange was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 25

Revain has been listed on t...

Advancing our efforts to make Revain easily available to people throughout the world, we’ve arranged a new listing for the R token. It has been added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token. ABCC focuses on assisting investors with identifying valuable blockchain assets, delivering secure online trading, and offering professional service.Check ABCC’s article about Revain: https://medium.com/@abcc.com/4e9083fa6108How to Trade R on ABCCABCC supports trading via Market, Limit and Stop Orders. To start trading, go to the top of the website and click “Exchange.” You will see a list of trading pairs divided by BTC, ETH, and USDT. Clicking on any of them will summon the list of the available pairs. Proceed to choose the one you are interested in, this will take you to the trading page that contains an order book and TradingView charts.Choosing the right exchange is not only a vital part of making your cryptocurrency investments as safe as possible but also determines your trading options. As we are spoiled for choice when it comes to platforms that provide trading services, making a decision can be quite daunting. Revain lets you browse through hundreds of reviews of people who have already tried different platforms so that you can find an exchange that’s a right fit for you.Read reviews on this and other exchanges on RevainRevain has been listed on the abcc exchange was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 25

Revain has been listed on t...

Advancing our efforts to make Revain easily available to people throughout the world, we’ve arranged a new listing for the R token. It has been added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token. ABCC focuses on assisting investors with identifying valuable blockchain assets, delivering secure online trading, and offering professional service.Check ABCC’s article about Revain: https://medium.com/@abcc.com/4e9083fa6108How to Trade R on ABCCABCC supports trading via Market, Limit and Stop Orders. To start trading, go to the top of the website and click “Exchange.” You will see a list of trading pairs divided by BTC, ETH, and USDT. Clicking on any of them will summon the list of the available pairs. Proceed to choose the one you are interested in, this will take you to the trading page that contains an order book and TradingView charts.Choosing the right exchange is not only a vital part of making your cryptocurrency investments as safe as possible but also determines your trading options. As we are spoiled for choice when it comes to platforms that provide trading services, making a decision can be quite daunting. Revain lets you browse through hundreds of reviews of people who have already tried different platforms so that you can find an exchange that’s a right fit for you.Read reviews on this and other exchanges on RevainRevain has been listed on the abcc exchange was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 25

Crypto Wallets

By Stephen RainbowWhat is a Crypto Wallet?To trade in cryptocurrency requires that you have a cryptocurrency wallet. Known as a crypto wallet, it is a software program that records transactions to the blockchain and allows you to securely send and receive digital currency.Unlike a traditional wallet, the crypto wallet does not actually hold or store any currency. Crypto wallets are like online banking platforms. Wallets can be either private-key “full” wallets or “custodial” wallets.Custodial wallets, like those used on third-party crypto exchanges, require only a password to access and manage your cryptocurrency balances. On the other hand, the private-key wallet has three components: the public address which is an encrypted version of the public key and functions like an account number; the public key which is a secure digital code connected to a currency balance; and a private-key that verifies the account owner. The private-key wallet allows you to monitor, send, receive, and store your cryptocurrencies without the use of a third party.Regardless of the wallet type, the software program verifies the account holder and ensures transactions are securely recorded onto the blockchain, which is, essentially, a bank ledger. Depending on the wallet, they can either maintain multiple public and private key pairs (accounts and passwords), or they support only specific coins.Following us so far? Good.How Reliable is a Crypto Wallet?The reliability and security of crypto wallets is directly related to the type (yes, there’s more) of crypto wallet you use and whether the wallet is actively connected to the internet. You need to understand the strengths and weaknesses of each type of wallet to fully optimise its use.Crypto wallets can be software, hardware, or paper. If and when they are connected to the internet, the wallet is considered “hot.” It is recommended that you do not store all your cryptocurrency in a single “hot” wallet; instead, think of it as a traditional wallet and keep only the amount of currency needed for impending transactions. If the wallet is not connected to the internet, it is a “cold” wallet. Cold wallets are the safest and recommended for long-term storage.Software wallets can be on a desktop, online, or on a mobile device. Desktop wallets are installed on a PC or laptop and can only be accessed from that particular computer. This makes desktop wallets one of the most secure forms of crypto wallets. However, if your computer is hacked or infected with a virus, there is a risk that you may lose all your cryptocurrency.Online wallets are “hot” wallets, based in the cloud and are therefore easily accessed in any location from any device. This makes them very convenient but it also means — because they connected to the internet and controlled by a third party — that they are more vulnerable to theft and hacking.Mobile wallets run on an app on your phone, making them convenient to use anywhere. The limited space on a mobile device usually makes this type of crypto wallet much smaller and easier to use than a desktop wallet.Hardware wallets store a user’s data on a hardware device — including a USB. This is a “cold” wallet (while disconnected from the internet), meaning that the transactions are stored offline, making them relatively safe from attempts at theft and hacking.A paper wallet is a paper copy or printout of your public and private keys as a QR code (two-dimensional bar code). A paper wallet also refers to software used to generate a pair of keys which are then printed. The “cold” paper wallet provides a high level of security because it is not connected to the internet.Can a Crypto Wallet be Hacked?Any online wallet can be vulnerable to hacking or theft. But there are steps you can take to reduce the risk. Again, the most secure wallets are those that are offline.Even though online wallets have proven the most vulnerable and prone to hacking attacks, you should be diligent about security precautions with any kind of wallet. And if you lose your private keys, you will lose your cryptocurrency regardless of the wallet type. There is no way to reclaim your currency if your wallet is hacked, if you transfer funds to a scammer, if you lose your computer, or inadvertently wipe your hard drive.Your wallet should be protected by keeping most of your funds in a secure environment and only maintaining small amounts of currency online. Updating the software on your wallet regularly and using complex passwords and additional pin codes are recommended steps for added security.Just like traditional banks, wallet companies are competing for new customers. We recommend that you use peer-approved and wallets that are officially supported by the cryptocurrency. If you want a wallet with more flexibility, i.e., one that supports multiple cryptocurrencies, you should investigate the wallet’s security features and development team before deciding which is best for you. Make sure to consult Revain’s Platform for authentic, transparent, and immutable wallet reviews to help with your decision.Revain’s Platform Is Adding More Crypto Wallets in 2019At the end of December 2018, Revain had added 16 wallets to its Platform, and the reviews are already coming in. The goal is to feature as many as 130 wallets in 2019.The Platform allows users to view basic wallet information, including the number of supported cryptocurrencies, the wallet type, and supported devices and operating systems. In this cryptocurrency community environment, you can view and rate crypto wallets according to criteria such as security, anonymity, and the ease of use. Revain’s customised algorithm ranks all wallets (companies) based on their popularity and user feedback. By contributing to the review community, you can help your favourite projects and other cryptocurrency holders by providing insightful reviews.Using blockchain technology, the Revain Platform is specifically designed to bring trustworthiness back to online reviews. Building a community of crypto-enthusiasts, Revain provides authentic user reviews from those people who know them best — fellow crypto-wallets patrons. We hope you will participate as Revain extends our review platform to include crypto wallet coverage in what promises to be an exciting year ahead.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Wallets was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 11

Crypto Wallets

By Stephen RainbowWhat is a Crypto Wallet?To trade in cryptocurrency requires that you have a cryptocurrency wallet. Known as a crypto wallet, it is a software program that records transactions to the blockchain and allows you to securely send and receive digital currency.Unlike a traditional wallet, the crypto wallet does not actually hold or store any currency. Crypto wallets are like online banking platforms. Wallets can be either private-key “full” wallets or “custodial” wallets.Custodial wallets, like those used on third-party crypto exchanges, require only a password to access and manage your cryptocurrency balances. On the other hand, the private-key wallet has three components: the public address which is an encrypted version of the public key and functions like an account number; the public key which is a secure digital code connected to a currency balance; and a private-key that verifies the account owner. The private-key wallet allows you to monitor, send, receive, and store your cryptocurrencies without the use of a third party.Regardless of the wallet type, the software program verifies the account holder and ensures transactions are securely recorded onto the blockchain, which is, essentially, a bank ledger. Depending on the wallet, they can either maintain multiple public and private key pairs (accounts and passwords), or they support only specific coins.Following us so far? Good.How Reliable is a Crypto Wallet?The reliability and security of crypto wallets is directly related to the type (yes, there’s more) of crypto wallet you use and whether the wallet is actively connected to the internet. You need to understand the strengths and weaknesses of each type of wallet to fully optimise its use.Crypto wallets can be software, hardware, or paper. If and when they are connected to the internet, the wallet is considered “hot.” It is recommended that you do not store all your cryptocurrency in a single “hot” wallet; instead, think of it as a traditional wallet and keep only the amount of currency needed for impending transactions. If the wallet is not connected to the internet, it is a “cold” wallet. Cold wallets are the safest and recommended for long-term storage.Software wallets can be on a desktop, online, or on a mobile device. Desktop wallets are installed on a PC or laptop and can only be accessed from that particular computer. This makes desktop wallets one of the most secure forms of crypto wallets. However, if your computer is hacked or infected with a virus, there is a risk that you may lose all your cryptocurrency.Online wallets are “hot” wallets, based in the cloud and are therefore easily accessed in any location from any device. This makes them very convenient but it also means — because they connected to the internet and controlled by a third party — that they are more vulnerable to theft and hacking.Mobile wallets run on an app on your phone, making them convenient to use anywhere. The limited space on a mobile device usually makes this type of crypto wallet much smaller and easier to use than a desktop wallet.Hardware wallets store a user’s data on a hardware device — including a USB. This is a “cold” wallet (while disconnected from the internet), meaning that the transactions are stored offline, making them relatively safe from attempts at theft and hacking.A paper wallet is a paper copy or printout of your public and private keys as a QR code (two-dimensional bar code). A paper wallet also refers to software used to generate a pair of keys which are then printed. The “cold” paper wallet provides a high level of security because it is not connected to the internet.Can a Crypto Wallet be Hacked?Any online wallet can be vulnerable to hacking or theft. But there are steps you can take to reduce the risk. Again, the most secure wallets are those that are offline.Even though online wallets have proven the most vulnerable and prone to hacking attacks, you should be diligent about security precautions with any kind of wallet. And if you lose your private keys, you will lose your cryptocurrency regardless of the wallet type. There is no way to reclaim your currency if your wallet is hacked, if you transfer funds to a scammer, if you lose your computer, or inadvertently wipe your hard drive.Your wallet should be protected by keeping most of your funds in a secure environment and only maintaining small amounts of currency online. Updating the software on your wallet regularly and using complex passwords and additional pin codes are recommended steps for added security.Just like traditional banks, wallet companies are competing for new customers. We recommend that you use peer-approved and wallets that are officially supported by the cryptocurrency. If you want a wallet with more flexibility, i.e., one that supports multiple cryptocurrencies, you should investigate the wallet’s security features and development team before deciding which is best for you. Make sure to consult Revain’s Platform for authentic, transparent, and immutable wallet reviews to help with your decision.Revain’s Platform Is Adding More Crypto Wallets in 2019At the end of December 2018, Revain had added 16 wallets to its Platform, and the reviews are already coming in. The goal is to feature as many as 130 wallets in 2019.The Platform allows users to view basic wallet information, including the number of supported cryptocurrencies, the wallet type, and supported devices and operating systems. In this cryptocurrency community environment, you can view and rate crypto wallets according to criteria such as security, anonymity, and the ease of use. Revain’s customised algorithm ranks all wallets (companies) based on their popularity and user feedback. By contributing to the review community, you can help your favourite projects and other cryptocurrency holders by providing insightful reviews.Using blockchain technology, the Revain Platform is specifically designed to bring trustworthiness back to online reviews. Building a community of crypto-enthusiasts, Revain provides authentic user reviews from those people who know them best — fellow crypto-wallets patrons. We hope you will participate as Revain extends our review platform to include crypto wallet coverage in what promises to be an exciting year ahead.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Wallets was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 11

Blockchain in Retail: Crypt...

By Lissette MaduroCompetition in retail is tougher than ever, and retailers are fighting the battle to obtain loyal customers. Current loyalty programmes are losing their appeal and the quest to find a unique scheme and achieve a loyal customer base is ongoing. Revain’s review platform, backed by blockchain technology, is poised to forge a path through the evolving e-commerce currency system and revolutionise the loyalty programme scheme as well.The Current Problems with Loyalty SchemesLengthy and complicated registration processes. Online and “in-store” customers look for value, convenience, and a shopping experience that is quick and easy. A loyalty programme that involves an extensive registration process is an off-putting experience and, in some cases, a deterrent to enrolling in the programme.Loyalty programme access. A February 2018 survey from mobile coupon solution provider CodeBroker, stated that 54% of those surveyed were unsatisfied with the options for accessing their loyalty programme to monitor their activity and rewards details. Members were most averse to downloading an app for redemption details because of smartphone storage depletion. According to the survey, “more than five in 10 respondents agreed that without easily accessible programs, rewards often go unused or expire because members aren’t aware they’ve accrued.” Unsatisfactory user-experience with the programme’s website also contributes to the problem.Complex point accrual systems and limited rewards. Loyalty programmes may frequently or inexplicably add new rules, and alter or complicate conditions for rewards redemption. This leads to misunderstandings and unfavourable customer experiences. Limited or less diverse rewards programmes have resulted in decreased member engagement.Familiarity. The Law of Diminishing Marginal Utility states that “the more you consume a good or use a service, the less satisfied you will be with each successive use or consumption.”With the emergence of loyalty programmes for everything, it has become difficult for customers to keep track of the programmes in which they are enrolled. Customers become disinterested and the rewards no longer seem advantageous. According to a recent survey by Access Development, “53% of rewards program members stopped actively participating in at least one program over the past year”.Creating a Unique Loyalty SchemeGiven the current state of loyalty programmes, it is imperative for brands to create a unique loyalty scheme if they are to entice customers. A successful loyalty scheme will simplify the enrolment process and eliminate confusing rules and changing conditions. It will allow for diversity in the rewards programme by encouraging competing and complementary businesses to participate in the “community”. A competitive marketplace will attract members with a single location to leave feedback and redeem rewards. The community will provide retailers with a customer engagement platform to build loyalty and tailor solutions to customer demands.Fortunately, such a scheme is now possible with the Revain Platform where users can see and submit feedback about projects that interest them.Achieving a Loyal Customer BaseForbes notes in its article, 15 Ways To Increase Brand Loyalty And Retain Your Customer Base, “The Pareto Principle states that 80% of your company’s future revenue will come from 20% of your current customer base, making it imperative that you focus on creating loyal, repeat customers that will continue to frequent your business.”Achieving a loyal customer base requires a genuine commitment to services offered and the quality of products supplied. It involves knowing the needs of your customers, offering them products tailored to their needs, and giving superb customer service. It entails engaging with customers and responding to their feedback.Creating a Branded Ecosystem with E-commerce CurrenciesSome big companies have been able to establish so-called “ecosystems” by presenting customers with a wide array of product choices and making the customer experience more efficient — a system which is proving to be a successful approach worldwide. Further, as e-commerce is overtaking the retail environment, it is becoming more important for online merchants to offer customers the flexibility to pay for services and products in their local currency.Supporting multiple e-commerce currencies can motivate in-app purchases that facilitate the creation of a branded ecosystem. The thought is that becoming a branded ecosystem will lead to customer loyalty. Cryptocurrency’s nature is such that it could streamline this process given that it allows for simplified and easier transactions. This is where Revain comes in.How Can Revain’s Review Platform Help?Revain is a review platform based on blockchain technology. The staple of blockchain technology is that any transaction that takes place is recorded in a public ledger. The transaction (review) is immutable, permanent, secure, time-stamped, and can be easily verified. Therefore, all reviews conducted on the Revain Platform can be trusted as authentic. On the Revain Platform, users can access project (company) feedback and use the information to aid in their purchasing decisions. In addition, they can share their own feedback and earn tokens for quality reviews.Revain utilises a unique feature consisting of two tokens, both are required for the system to function properly. Quality reviews are rewarded with Revain’s internal RVN token, funded by the project (company). The RVN token can then be exchanged for Revain’s R token which can be redeemed on many cryptocurrency exchange platforms. The two-token system creates a stable token value.The main objective of the token system is to give users and Revain Platform projects the opportunity to take part in the platform’s community. It allows users to earn tokens by creating quality reviews, while “projects” can interact with their audience. All interactions between users and projects are based on an approach, where:Users are rewarded for quality reviewsCompanies are debited in tokens for written reviewsCompanies are penalised for deliberate unconstructive moderation of reviewsUsers are penalised for noncompliance with the rules of the platformThis protects against abuse of the system in the form of spam or frivolous reviews.Revain notes that “we are already in the planning and negotiating stage about some interesting new markets.” E-commerce is listed as a promising opportunity. In the e-commerce application, brands and companies would become “projects” on the Platform where users will be able to review their products/services and earn tokens via the reward system.Given the simplified and streamlined technology that the Revain Platform is built on, the current problems with loyalty programmes could be minimised or alleviated altogether. Companies would be provided with current, verifiable, trustworthy reviews that can shape their business practices and lead to increased profits. Customers would receive incentives to write quality reviews, and then be able to exchange the tokens for cryptocurrency from within the same platform.A network of similar businesses sharing the same Platform has the potential to create a huge marketplace where customers exchange opinions and reward currencies.In the highly competitive and ever-changing world of retail and e-commerce, relevant and innovative ideas will keep companies in the forefront of developing a branded ecosystem. Conventional loyalty programmes are losing their appeal. Retaining a loyal customer base demands out-of-the-box ideas and solutions. Using crypto tokens as loyalty points may just be the solution necessary to reinvigorate loyalty programmes.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Blockchain in Retail: Crypto tokens as Loyalty Points was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 03

Transaction History
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Coinbit R/KRW 394.92 2,229,819,524.90 Short cut
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Information
Platform ERC20
Accepting
Hard cap -
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Market of major crypto coins *2019년 05월 20일 last update

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