According to current Market capitalization, Revain (R) the customer considerate cryptocurrency is some twenty steps below Augur, the people friendly crypto.
Not minding the fact that both platforms serve different purposes to the populace, the commonality of target audiences suggests that Revain (R) is putting in extra efforts in its bid to leave the valley of numbers in current cryptocurrency listing. This is all evident in the close borders which both cryptos share.
Revain (R): Rewards and Sanctions Are Used as Incentives
In the user review industry, errors that portend ill health for customers such as the inability of customers to believe the report of restaurants and companies have begun to be addressed by Revein.
Customers are liable to disbelieve these reviews either because they think they have been tampered with, or because they think the negative parts of the review have been expunged so as to give the restaurant or company a good public image.
Revain (R) uses the blockchain technology and boasts of two tokens, all to the end that immutability and reliability be achieved in the review process. Rewards and punishments abound for reviewers depending on the truth or falsity of their claims in the reviews submitted.
The People Occupy a Dignified Pedestal in the Scheme of Things
So what Revain (R) does is to give the customers a chance to do their own review and they are encouraged by being rewarded with either of the two Revain tokens.
Thus, in a world where customer satisfaction is of immense importance to the advancement of businesses and their public image, Revain (R) offers businesses a dynamic route to the top of the success ladder, which is the revolutionizing of the credibility of customer reviews, thereby making them all-important.
Augur likewise opens its borders to the people to make prediction on future events and suggest possible outcomes.
Revain (R) – Augur (REP): The Services of the Users Bring Increase to Business Platforms and Users Alike
The Revain (R) platform just like the Augur cryptocurrency, makes use of two tokens, of which one (R-Token) is Revain system exclusive and the other (R- token) is used to reward users after a review.
Given that the R-token is restricted, it follows that it cannot be used outside the Revain (R) ecosystem; however, it can be traded to get R- tokens, and R-tokens on the other hand, can be traded on any cryptocurrency exchange platform. One R-token is equal to 0.0001 R-tokens and the exchange can be made as long as the stock lasts.
Thus, getting an R-token on the Revain (R) ecosystem is the equivalent of getting cash for your reviews. The purpose of this is to ensure that high quality and reliable reviews are done and at the same time, provide transparency in business practices by not giving room for companies and customers to manipulate the process.
By doing this, Revain (R) ultimately causes a skyrocketing in the degree of consumer confidence when they use online services to research businesses.
It further builds a stronger relationship between businesses and their customers and compels the business platform to implement policies and practices that are more consumer considerate either in the form of a service provided, a solution rendered or by making their price more competitive.
Augur pays its users REP tokens and the prediction of users relieve the risk tension of people who were skeptical about investing in a certain business or not. However, trading on the Augur protocol is done with ETH. As one of the most widely-used cryptocurrencies, Ethereum helps make trading on Augur accessible to all.
Revain (R) and Augur (REP) Objectivity and Fairness in Results and Rewards
To ensure the objectivity of results and rewards, Revain (R) automatically filters erroneous or poorly presented reviews through a blockchain system that has been enhanced with artificial intelligence. Once a review scales through this stage, it is sent to the business platform for manual evaluation. In the event that the business rejects the review, proper explanation must be given for the rejection and the response would be reported alongside the review.
If the user is not pleased with a rejected review, he can file a dispute case against the business. An objective panel of centralized users called Oracles then get to judge between the two parties. If the original review passes the test of the Oracle, the user is rewarded and the company is warned.
Should the company then receive three warnings, they are there on disallowed from using the platform.
After all said and done, to ensure authenticity, accessibility and transparency, Revain (R) publishes the review on the business review page which is stored as a Review Snapshots Storage by the Ethereum Blockchain, thereby, making it visible to all.
Like Revain (R), the Key players in Augur can make decisions based on the predictions on Augur platform. This is because despite being decentralized, Augur ensures an honest system.
If a user reports an event, he is rewarded with REP only if it is in keeping with the joint consent of the other reporters within the network. The user can then use the REP token for continued participation in Augur Oracle Reporting
Wondering About Who Would Win the Race?
Revein has only recently announced the first successful pilot integration of its platform with BTC-Alpha Exchange. This is much more advantageous for Revain (R) as it was so designed to allow BTC- Alpha users see and read all reviews with rating published on the Revain (R) platform without leaving the exchange’s Website. Nevertheless, Augur’s exchange platform offers augur a similar advantage.
Would it then be safe to say that Revain (R), with much more viewers and thus, much more possibility for being traded, is well on its way to the top? When in fact, only the name Ethereum gives Augur a popularity advantage that is unequaled?
The proliferated number of restaurants and companies around the world and the tons of people that flood in to use their services daily and the bunch of curious people that flood prediction site is also a point to be considered.
This then, is basically a race between prediction and the pursuit of honesty and integrity.