Revain is the Web3 version of some of the most popular review platforms such as TrustPilot, Angie’s List, and Yelp. Launched back in 2018, the project looked quite promising since its goal was to reinvent online reviews, and it actually did.
In fact, Revain was built to solve issues related to paid or spam reviews – identify and block fake accounts and malicious reviews, and make it impossible to alter reviews once they have been submitted. Authors of well-written, useful reviews are being rewarded with REV tokens.
If you appreciate the utility of this project but have no time or intention of writing reviews, maybe you’ll want to get your share of REV tokens by simply purchasing them. Here’s how to buy Revain crypto with some of the reputable crypto exchanges in just a few easy steps.
How to Buy Revain Crypto with KuCoin
KuCoin is among a few crypto exchanges that have listed Revain crypto. If you are not a registered user yet, you should sign up for an account. At first, you may find KuCoin’s interface a bit overwhelming but we’ll guide you through the step-by-step process of buying REV.
To get started, top up your Kucoin account with some Bitcoin via the “Buy Crypto” or “Assets” tabs. Once you have deposited some BTC, click on the “Markets” tab, located in the left corner of the app’s interface. Now, find the REV/BTC trading pair by simply typing it into the search bar.
At the bottom right corner, you’ll spot the “Limit, Market, Stop Limit” tab. Set up a 6-digit code trading password to be able to actually make trades, hit the back button to return to the REV/BTC trading pair, and confirm “Buy REV ” to trade the desired amount of Bitcoin for Revain tokens. You can choose Ethereum instead of Bitcoin. Of course, if you do this, choose the REV/ETH trading pair.
How to Buy Revain Crypto with Coinbase
Not only KuCoin but Coinbase as well make it a piece of cake to buy REV tokens. You should create a self-custody wallet first and then buy some Ethereum to be able to swap it for Revain. Here’s how to do that:
- Download your Coinbase wallet by using a web extension or a mobile app and choose a username. Once you do that, you’ll be given a recovery phrase. This phrase, consisting of 12 words, protects your account and your assets. Write the phrase down and don’t share it with anyone. Provided you lose it, Coinbase won’t be able to help you regain access to your wallet so be careful.
- Purchase some ETH and transfer it to your Coinbase account. Make sure to keep Ethereum network fees (gas fees) in mind. You’ll get more or less ETH depending on how fast you want the transaction to be, how busy the network is, etc. You can also buy Ethereum with your Coinbase account.
- Open your Coinbase Wallet app on your mobile phone, and click on the “Trade” tab. You’ll be given an option to choose a coin, and you’ll, of course, choose REV. Type in the amount of Ethereum you want to exchange for Revain and leave a small portion for transaction fees. Confirm the swap once more and you’ll have some REV on your balance.
- If you are using a web extension, click on the “Convert” button and follow the same steps we explained above to finalize the transaction.
Aside from KuCoin and Coinbase, REV can be bought on CoinSwitch, Bittrex, HitBTC, DigiFinex, Bitmart, and HBTC.
Is Revain a Good Investment?
Revain’s total market cap is $102,786,594 and it has a circulating supply of 85.06B. REV is currently trading at $0,00123 and it has been consolidating for almost 3 years now. At a certain point, shortly after the launch, REV touched $4, its all-time high, but never got back to these values.
However, it’s safe to say that Revain may truly solve the problem with online reviews. The team spotted the problem and came up with a reasonable solution. Although massive funds should be invested in marketing this project a little bit better, looking long-term, Revain could be an interesting project to put some money into.
On the other hand, one of the reasons why the price of the token flattened is that the team implemented some changes in the reward system, which made a great deal of the users leave. So, currently, Revain’s user base is a lot smaller than it used to be while the team still hasn’t announced the roadmap and it is unclear what are the exact plans for the future of the project.
REV vs RVN
Revain has a dual-tokenomics mechanism, which means that the project is backed up with two tokens – REV and RVN, one of which is a utility token and the other one is used for governance. REV is a utility token, used for rewarding everyone contributing to the platform by writing reviews. And then, there is Ravencoin (RVN), the token whose value is dollar-pegged, meaning – it always holds a value of around 1 US dollar.
If you find REV way more valuable or promising than some other altcoins, such as Shiba or Dogecoin, and want to get your fingers on these tokens, now could be the best time to do so. You already know how to buy Revain crypto but please, have your risk tolerance in mind either way, and invest only what you can afford to lose.