REVV Price Chart Update [REVV]

What Is REVV?

REEV is a utility token utilized as an in-game currency in blockchain motorsport games developed by Animoca Brands. Its primary function is to maintain the gaming economy in F1 Delta Time, MotoGP Ignition, and REVV Racing. These projects implement the concept of play-to-earn, which rewards gamers with cryptocurrency for their contributions to the game world.

Players can earn REVV as a reward for participating in time-trial races and grand-prix tournaments, as well as through staking race cars and collecting dividends from track ownership. The currency can be used for purchasing non-fungible tokens (NFTs) and paying gameplay entry fees within this digital universe.

The first token sale for REVV took place in September 2020, just before the launch of F1 Delta Time in December 2020. It was subsequently introduced to MotoGP Ignition and REVV Racing upon their respective releases in March 2021 and August 2021.

Who Are the Founders of REVV?

Animoca Brands is a company founded in 2014 by Yat Siu, an entrepreneur from Vienna, Austria. Siu previously worked at Atari and is also the founder and CEO of Outblaze, a technology corporation focused on digital media products.

The CEO of Animoca Brands is Robby Yung, who is an entrepreneur, publisher, and mobile game developer. Yung has been involved in various ventures, including co-founding Redgate Media, One Media Group, and One Studio Limited, as well as founding OSMedia Limited.

What Makes REVV Unique?

REVV stands out as an in-game currency that holds real-world monetary value. Unlike many other games with virtual economy systems, REVV allows players to have true ownership of in-game resources. This means they can buy and sell NFTs and tokens on digital marketplaces, transfer them to other players, and use the tokens in other supported games.

Another unique aspect of REVV-based games is their licensing agreement with well-known sports brands, such as Formula One and MotoGP.

Additionally, the REVV ecosystem has entered into a cross-promotional deal with The Sandbox, a nonlinear gameplay virtual world. Through this partnership, players were given the opportunity to receive unique REVV-branded The Sandbox NFTs. Various REVV Racing rare NFTs were also distributed to liquidity providers during the REVV/SAND liquidity events.

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Get to know SAND, the in-game cryptocurrency of The Sandbox.

How Many REVV Coins Are There in Circulation?

The total supply of REVV is 3,000,000,000 tokens. The allocation of REVV tokens is as follows: 500,000,000 (17%) allocated to F1 Delta Time; 400,000,000 (13%) to MotoGP; 1,300,000,000 (43.3%) kept as reserves; 300,000,000 (10%) given to the team and advisors; 250,000,000 (8.33%) allocated to the initial DEX offering; and 250,000,000 reserved for player reward reserve.

The 500 million REVV tokens allocated to F1 Delta Time are divided as follows: 249,980,000 (50%) for game operations; 30,020,000 (6%) for staking; 200,000,000 (40%) kept as reserves; and 20,000,000 (4%) allocated to promotion and marketing expenses.

How Is the REVV Network Secured?

REVV is an ERC-20 standard token built on the Ethereum blockchain. The creation of tokens on the Ethereum blockchain is facilitated by smart contracts, which are algorithms stored on the blockchain.

When Will REVV Trading Begin?

REVV trading commenced on Sept. 4, 2020, through the automated market maker (AMM) Uniswap. The initial launch price for ETH/REVV trading pair was $0.00666.

Can REVV Hit $1?

Since its launch, REVV has shown a correlation between price spikes and the release dates of Animoca Brands games. Notably, the price of REVV increased significantly in April 2021 after the release of MotoGP Ignition, reaching $0.60. More recently, in August 2021, the release of REVV Racing triggered another surge in price. While the positive trend is expected to continue due to the recent launch, REVV's current price of around $0.25 suggests that it still has a long way to go before reaching $1.

Where Can You Buy REVV?

REVV is currently available for purchase on the following exchanges: Uniswap (V2), KuCoin, Gate.io, Bittrex, LBank, Uniswap (V3), PancakeSwap (V2), CoinFLEX, Sushiswap, and 0x Protocol.