Revain, a blockchain powered review application has announced the successful conclusion of its crowdsale which ended as scheduled on September 6, at 12 P.M. NY with 2,108 BTC accumulated. The blockchain feedback platform started exchanging tokens on August 21st, 2017. Distribution of tokens has been completed.
The R token price during the sale was 0.000011 BTC, the minimum contribution was 0.003 BTC.
The team will be allocating collected funds according to the initial plan: the majority – 55% – will go to marketing, i.e. bringing new businesses and users to the platform; another 15% – for R&D purposes, 20% – to the team and to support the platform, the remaining 10% – for infrastructure and indirect expenses.
Revain’s CEO Rinat Arslanov elaborated further on development aspirations:
“We believe that there is a huge potential in online reviews. However, according to our research, there haven’t been any previous attempts of creating similar services on blockchain. Revain has developed a totally different format of communication between a user and a company. The company is to reward users for reasoned feedback given that the reviews are authentic and can’t be deleted or changed at a later stage.”
After the end of crowdsale Revain is heading to cryptocurrency exchanges. Currently negotiations are carried out with Bittrex, Bitflip, Yobit, Novaexchange, Gatecoin, DABTC, Kraken, Kuna, Bitx-south-africa, Livecoin, Btcchina, Okcoin, Bitfinex, Poloniex.
As to the product itself, the first test version of the platform is to start functioning this fall. The release of the platform is planned for the fourth quarter of 2017. Revain’s tech team is working on a web-interface to be launched by then.