Revain is Flying Extensively on Kucoin Exchange
Revain (R) and Kucoin exchange celebrated their shared fortune with a trade exchange competition which ended on February 22, 2018. The particular costs included 160 ETH (dispersed to rank 2 to rank 1000 trader) and a grand winning prize of Lamborghini Huracan Coupe. The offer was quite generous even for a New Year gift. It somehow makes you imagine of how winning Revain is in Kucoin trade.
The fact is that, Revain is actually one of the most exchanged coins in Kucoin exchange. Revain’s highest trading volume ranges from $2-4 million with R/BTC and R/ETH being the highest-performing trading sets. This accounts for about 10 - 15 % of Kucoin exchange’s total everyday trading volume.
The R/BTC trading pair has the highest overall exchanging volume (67.39%) followed by R/ETH (32.60%). The R/BTC trading pair’s ultimate 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 to trading markets is at a steady BTC 0.0002200 - 0.0002280 range (US$2+).
But what accounts for Revain’s success in Kucoin exchange? Revain is relatively recent, just starting in April 2017. This is the first recorded non-third-party review platform which is built with blockchain technology. Revain features reviews on ICOs, cryptocurrency exchanges, e-commerce, and also FMCGs.
The Currency Exchange Platform behind Revain’s Achievement
Revain’s R token is an ERC-20 token based primarily on the Ethereum blockchain. It was used for the Revain platform’s ICO issuance and also for cryptocurrency trade exchange. Revain also has got a unique native token, RVN which is used to reward or penalize users (both folks and companies) in accordance with the excellence of their reviews in the platform’s review system. The RVN tokens are assigned with a worth of 0.0001 BTC and can be exchanged for R tokens and traded outside of the platform.
The R token can be purchased, sold, and traded in in 13 other cryptocurrency exchange platforms. It is now placed 47 with a market cap of US$404.73 million and a moving supply of 184,450,000 R. Very early in February 2018, Revain was listed in OKEx, reckoned to be among the world’s best cryptocurrency exchanges. Ever since that time, OKEx had been moving toe-to-toe with Kucoin exchange when it comes to R trading volume. What’s impressive with this is the fact OKEx ranks above when it comes to trading volume while Kucoin exchange isn’t even on the top 10.
This indicates a lot not only for Revain but for other low-market cap and/or rising cryptocurrencies. Cryptocurrency exchange platforms like OKEx, although large with an average US$1,500,000,000 overall trading volume, isn’t very favourable for smaller cryptocurrencies. Most of OKEx’s trading volume comes from currencies like Bitcoin (BTC) and Etherium (ETH). In Kucoin exchange, on the flip side, cryptocurrencies like Revain (R), Dent (DENT), and Zeepin (ZPT) thrive.
Kucoin exchange alone is an expanding force in the market and yes it seems that is set towards the road to being “the next big thing.” What makes this victory sweeter is that several cryptocurrencies, traders, and users share that achievement with Kucoin exchange.
