Revain is Soaring Notably on Kucoin Exchange

Revain (R) and Kucoin exchange celebrated their shared fortune with a trade exchange competition which was over on February 22, 2018. The rates covered 160 ETH (sent out to rank 2 to rank 1000 investor) and a special prize of Lamborghini Huracan Coupe. The giveaway was fairly generous even for a New Year gift. It somehow makes you ponder of how winning Revain is in Kucoin exchange.

The fact remains, Revain is actually one of the most traded coins in Kucoin exchange. Revain’s top trading volume varies from $2-4 million with R/BTC and R/ETH being the highest-performing trading pairs. This accounts for about 10 - 15 % of Kucoin exchange’s overall day after day trading volume.

The R/BTC trading set has the strongest overall trading volume (67.39%) followed by R/ETH (32.60%). The R/BTC trading pair’s highest trading volume comes from Kucoin exchange (86.73%) followed by Cryptopia (9.97%) and then Bitflit (3.28%). R’s overall trading volume range is $19,600,000. Its cost all over marketplaces is in a steady BTC 0.0002200 - 0.0002280 range (US$2+).

But what accounts for Revain’s achievement in Kucoin exchange? Revain is also relatively recent, just starting in April 2017. This is basically the first non-third-party review system that is built with blockchain technology. Revain covers reviews on ICOs, cryptocurrency trades, e-commerce, and also FMCGs.

The Currency Exchange Platform behind Revain’s Victory

Revain’s R token is an ERC-20 token based on the Ethereum blockchain. It was used for the Revain platform’s ICO issuance and for cryptocurrency trade exchange. Revain also has a distinctive native token, RVN which is used to reward or penalize users (both individuals and companies) in accordance with the excellence of these reviews in the platform’s review mechanism. The RVN tokens are assigned with a value of 0.0001 BTC and can be changed for R tokens and traded outside of the platform.

The actual R token can be obtained, sold, and traded in 13 other cryptocurrency trade platforms. It is presently ranked 47 with a market cap of US$404.73 million and a distributing supply of 184,450,000 R. Early in Feb 2018, Revain was listed in OKEx, considered to be among the world’s best cryptocurrency exchanges. Ever since then, OKEx had been running toe-to-toe with Kucoin exchange in terms of R trading volume. What’s great about it is the fact OKEx ranks on the top in terms of trading volume while Kucoin exchange isn’t even at the top 10.

This indicates a lot not simply for Revain but for various low-market cap and/or up and coming cryptocurrencies. Cryptocurrency exchange platforms like OKEx, although large with an average US$1,500,000,000 total trading volume, isn’t very preferable for smaller cryptocurrencies. A majority of OKEx’s trading volume comes from currencies like Bitcoin (BTC) and Etherium (ETH). Within Kucoin exchange, on the contrary, cryptocurrencies like Revain (R), Dent (DENT), and Zeepin (ZPT) thrive.

Kucoin exchange alone is an emerging energy in the market and yes it appears that is set for the path of being “the next big thing.” What makes this achievement more gratifying is that plenty of cryptocurrencies, traders, and users share that success with Kucoin exchange.