While some market participants are panicking amid the recent crash, the most fervent HODLers are buying the dip. El Salvador’s president Nayib Bukele just announced a purchase of another 410 Bitcoin for $15 million. A Nation-State Buys The Dip Bukele announced his recent purchase in a tweet moments ago, faking out some of his followers. The president – known for trading the nation’s Bitcoin from his phone – last purchased Bitcoin in December. After bagging 21 Bitcoin for $1 million,…
Revival is a community-based DeFi project on Binance Smart Chain aiming to create a unique, easy to use, all-in-one crowdfunding application.
The decentralized finance sector is booming and new. Protocols surface in the market almost every day; however, not all of them emphasize the investors’ success and the safety of their investments. Therefore, the need for community-orientated platforms with an investor centric approach is imperative.
Revival aims to be the project that fills this niche in the crypto market. The platform comes with proprietary crowdfunding features to provide a simple and safeguarded experience within the DeFi space. Furthermore, it offers significant passive income of 11% BNB to those holding Revival token (RVL).
In this short Revival review, we look closer at one of the latest DeFi projects to surface in the market. Read on to discover its features, tokenomics, and roadmap!
What Is Revival?
Revival launched in September 2021 on Binance Smart Chain (BSC) and released its BEP-20 token, RVL. The project chose BSC due to the chain’s low transaction fees and lightning fast transaction processing speeds.
Revival aims to empower RVL holders to diversify their portfolios and generate passive income from their crypto ventures.
All these options and many more are available for those using the Revival dApp (decentralized application). Features of the dApp include:
- Initial project funding
- Personal project development features
- Unique charting systems
- Personal fundraising campaigns
To back up all these services, Revival pledges to abide by their founding principles:
The community growing around Revival will have 100% ownership of the project while the platform enables the community to vote on its contribution to future development plans.
Revival has a crucial partnership with Dessertswap, one of the industry’s best auditors, for an undisclosed project. The platform has undergone rug screening, and furthermore, the project will soon feature more audits from other reputable auditing companies.
Revival promises complete transparency for its rapidly-growing crowdfunding crypto community. Everyone in the 5-man development team is doxxed. Furthermore, their faces and names are public, so investors can easily research and contact them.
All of the Revival developers have bought RVL just like regular holders; they do not offer a mint function, and the total supply of RVL tokens is capped at its maximum.
Revival is consistently looking for new ways to ensure that a user’s trading experience is as safe as possible. In this regard, the project has already obtained critical listings on well-known, industry-leading platforms, such as Coinmarketcap, CoinGecko, and PancakeSwap.
Revival App Features
Revival’s primary goal is to create a unique, all-in-one crowdfunding application for its community, which the developers consider its most valuable asset.
By using the app users can create, support, and share campaigns. Furthermore, they will also explore new campaigns and projects, which the Revival team and its future partners will authenticate.
Some features of the upcoming Revival app include:
- Viewing campaigns and the funds that it raises at any time.
- Participants can fund campaigns in RVL or BNB.
- Access helpful information for exploring the crypto space on BSC.
- Provide information to users about possible scams and honeypots to avoid.
- Access to a live Revival balance that shows a user’s value received reflections and earnings from holding RVL.
- Users can access the latest Revival news on future projects and social media feeds.
- A wallet.connect feature to transform the Revival app into a one-stop-shop for everything crypto.
- Users can donate to selected charities through Revival’s charity system.
- The app will be available on iOS and Android.
Around mid-November 2021, Revival aims to launch a decentralized application (dApp). Through the dApp people will be able to buy cryptocurrencies such as RVL and other BSC projects. Furthermore, it will enable token holders to stake their RVL, farm for other tokens, and deposit to liquidity pools.
Another upcoming release from Revival will be a governance token, VVL. This asset will be part of the growing Revival ecosystem and will increase the community’s decision-making power.
VVL bestows holders with governance powers to take significant decisions regarding the platform’s development.
Revival has set a maximum cap of 500 trillion RVL with no mint function for new tokens. Users who choose to hold their RVL can earn a passive income of up to 11% in BNB; however, they must hold at least 10 billion RVL to be eligible for these automatically disbursing rewards.
The token deducts a 15% cost from each transaction which it distributes as follows:
- 11% goes towards BNB rewards
- 2% goes to the project’s development and marketing efforts.
- The remaining 2% will go to the platform’s liquidity pool.
According to the Revival Litepaper, the initial RVL distribution looks something like this:
- The platform burned 7.5% (37 trillion RVL) of the total amount during the launch.
- Revival reserved 3% of the entire supply for the token’s future development.
- The team reserved another 3% of the entire amount for marketing purposes.
- Revival’s charity wallet reserves 3% of the total supply to donate to community-selected charities.
- The team only uses BNB rewards generated from the developer, marketing, and charity wallets, rather than selling the RVL held and impacting the chart.
Revival is new on the market; however, this didn’t prevent the team from quickly checking the first boxes off in its extensive roadmap. So far, the project has obtained an audit and a rug screen from Dessertswap Furthermore, they kick-started an extensive marketing campaign and got listings on CoinGecko, Coinmarketcap, Nomics, BSCscan, and more.
Soon Revival should release a multi-bridge to other blockchains, such as Ethereum, Matic, and Cardano. In 2022, the project aims to release NFT gamification features and introduce multi-chain crowdfunding, among many others.
Revival has set an ambitious goal for itself. After all, blockchain crowdfunding is not an easy task. However, if they teammanages to accomplish said goals, the entire crypto community should benefit significantly from it. The team envisions that its application’s users can raise money for almost anything, from college tuition to medical bills. For now, we can only wait and see how fast the project will develop.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More