The current price of Revolution is $8.63 USD, with a 24-hour trading volume of $665,149 USD. Our REV to USD pricing is updated in real-time. Revolution has increased by 167.08 percent in the last 24 hours. CoinMarketCap currently ranks #3338, with a live market cap of not available. There is no circulating supply and a maximum supply of 549,292 REV coins.
Since its inception, the Revolution (REV) currency has been on a huge Bull Run, and the momentum of the bull trend appears to be growing by the day.
Invezz has developed a brief essay to assist anyone interested in Revolution (REV) in determining the best places to buy it.
What exactly is Revolution (REV)?
The Revolution (REV), also known simply as REV, is the Revolution blockchain network’s native cryptocurrency/token. It is a BSC BEP-20 token because it is distributed on the Binance Smart Chain.
In a word, the Revolution network is a decentralized payment network that combines classic payment stack functionalities on a blockchain platform.
The revolution network employs a number of fiat-pegged stablecoins and algorithmically stabilizes them with the REV token to enable programmable payments while also facilitating the creation of financial infrastructure.
Should You buy the REV token right now?
If you’re looking for a cryptocurrency with a consistent bullish trend, the REV coin is a fantastic option. However, a protracted positive trend may cause the coin to become overbought, resulting in a pullback. Furthermore, you should be aware that the bitcoin market is quite volatile.
Revolution token is building a safe and dependable end-to-end, roundtrip digital ecosystem based on a decentralized blockchain-based database and data structure, with the goal of restoring data sovereignty, ownership, and power to the people who deserve it.
What are gaming tokens?
As cryptocurrency remains a global phenomenon, industries all over the world are looking for new ways to incorporate this truly revolutionary technology into their core products and services. Online gaming, in particular, has become a hotbed of interesting innovation in this field. Developers are devising innovative ways to use cryptocurrency to buy and sell in-game items, cosmetics, unlock characters, and much more. The virtual and real worlds — the metaverse – have never looked so lovely.
Video games have come a long way in the last several decades. Indeed, the worldwide gaming market, which was valued at USD 173.70 billion in 2020, is expected to reach USD 314.40 billion by 2026, with a 9.64 percent CAGR between 2021 and 2026. Sony, Tencent, Nintendo, and Microsoft are among the largest video game firms, with combined gaming revenue of more than ten billion dollars. Sony is at the top of the list, with a colossal revenue of over $25 billion. Electronic Arts (EA Games), Sega Games, Konami Holding Corporations, and Gameloft are among the world’s most notable game firms.
While several businesses shut down as a direct result of the Covid-19 outbreak in 2020, the video game industry was one of the few that enjoyed an unexpected surge. With numerous countries implementing nationwide curfews, people naturally turned to their homes for fun throughout the continuous rounds of restrictions.
Activision Blizzard, Epic Games, and Electronic Arts, among others, claimed a large increase in revenue from sales as well as an active user base in 2020. The increase in in-game purchases reflected the increase inactive users.
The rise of cryptocurrency gaming
With developments in PC and mobile gaming, the gaming industry’s interest in cryptos has increased noticeably. Crypto games, without a doubt, are now challenging the regular gaming sector by allowing players to earn while playing, thereby rewarding their time and effort.
According to research issued by the Worldwide Asset-Trade, more than 75% of online gamers desired to exchange their virtual assets for money that could be utilized across numerous platforms. The opportunity to gather and trade virtual assets that can be swapped and transferred anywhere in the world has contributed to the popularity of crypto gaming.
How does cryptocurrency gaming work?
It is a well-known truth that cryptos may be easily bought and sold via digital wallets and crypto exchanges. So, how does cryptocurrency work in the realm of online gaming? This is how.
Traditional online game revenue methods include affiliate marketing, in-app purchases, and in-app advertising. Furthermore, in-game coins, such as those found in Monopoly or mobile games like CandyCrush, are quite known to today’s gamers. But it’s sad that these coins have had no worth outside of the boundaries of the game for so long.
This is where crypto gaming stands out since it allows players to add value to their purchases. In crypto games, store tokens, such as in-game merchandise, are frequently held on a distributed ledger atop a crypto network. The blockchain, or distributed ledger, is what allows game products to be swapped for cryptocurrency, which can then be transferred for real money.
In-app purchases let users purchase stuff such as money, extra lives, custom characters, clothes, and accessories directly from the game. When it comes to crypto gaming, in-app purchases are made when users buy products using cryptocurrency or buy the cryptocurrency itself.
In contrast, traditional games often purchase components from a single developer-owned store, which enriches the developers rather than the individuals who play them.
Furthermore, in traditional games, players have no control over the game’s life cycle. When the server is shut off, the operator will remove any unused virtual properties, and the player will have no control over them. The game operator is the sole proprietor of all merchandise in the game, not the player.
Although digital ownership exists in modern games, it lacks the value and stakes that crypto games provide. You can own in-game assets, but you cannot sell them to other players. In comparison, the entire notion of crypto games is very different, from virtual asset ownership to its decentralized functioning, and the fact that players’ assets are worldwide distributed and not limited just for gaming reasons.
In the crypto gaming sector, there is a lot of liquidity.
Given how heavily crypto games rely on the game market, it is equally critical to manage liquidity issues in these markets. Liquidity, in its most basic form, refers to the maximum number of assets that may be bought and sold in the game market at any given time. The more liquidity there is, the healthier the market; thus, liquidity is a good predictor of any market.
The crypto gaming market can include both NFT and FT assets to boost liquidity. While FT assets may be scaled to have high liquidity marketplaces and thus be utilized in the game for utility/consumable assets, NFT assets can be used more for their rarity, which typically has high value but low volume transactions.
Structure: Revolution Token(Rev) suggests a three-legged stool approach to achieving this goal:
A decentralized user-controlled layer-1 blockchain database that allows anyone to access it – but only if they want to – and is operated and maintained decentrally by a Decentralized Autonomous Organization (DAO) independent of any central authority can be a sustainable core for a data sovereignty ecosystem.
An open-source project to package up social net components, each compatible with layer-1 and made openly available, could allow dozens, hundreds, or even thousands of social nets to bloom, bringing to bear the ultimate “Facebook Killer Kit” and putting data tyranny on a plausible path to extinction, engendering a market for fair economic equilibrium between social nets and users.
A cryptocurrency clearing house built on layer-1 can provide structural stability to the entire crypto trading marketplace, ushering in a new era of institutional participation through risk management backstops and structural confidence, and can serve as a stability beam to buttress and bolster an ongoing data sovereignty ecosystem.
Social Net DApps: Packaging social net components that are layer-1 compatible can be a powerful consumer app mechanism for both development and, eventually, consumer scaling. This type of architecture would enable users to create a blockchain account and thus have complete control over their data and the wealth created by it.
It would allow a user, any user, to port their data between social networks (or any apps) as they see fit, to clip apps that do things they don’t like, to re-engage with them if they want, and to be placed in a position of sovereign control over any value generated from their data (that’s generated from their very “being”); and it would allow the elegant capability to directly consume any manner of products and services that may be of interest.
Distributed Crypto Clearing: Rev decentralized DAO layer-1 blockchain would enable atomic counterparty-risk novation in crypto trading — a digital risk-offloader for counterparties in crypto trades — ushering in a multilateral market in which anyone could trade any crypto on a guaranteed basis (rather than just ERC-20 tokens and a bunch of synthetics) without fear of the other side re-neg-ing. The decentralized Rev layer-1 serves as a natural neutral base layer atop which layer-2 might atomically clear crypto trades with real counterparty risk novation via a clearinghouse structure. These mechanics can then be backed by a decentralized guarantee fund, where depositors get yield when a trade settles, and it can be earned in RVP.
That being said, it’s only logical for crypto gaming to strive to capitalize on the rise of the online gaming sector since it offers obvious benefits for both players and developers. From the opportunity to earn to the convenience of transactions, the ability to play anywhere, and the increased levels of safety and security, crypto gaming enhances the overall gaming experience for gamers while introducing new revenue streams for producers.
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