Revomon REVO
About
What Is Revomon (REVO)?
The first monster taming game available cross-platform between Virtual Reality, Mobile and PC. It's a metaverse game with play-to-earn elements. Revomon is more than a game, it's an ecosystem where users are turned into economic actors. Think Pokémon in way cooler. Players are trainers that hunt, catch and collect monsters called "revomon". In line with other play-to-earn games, players can complete quests, compete with others in PvP (Player vs Player), tournament (Podium ranking feature), Bounty catching program to unlock achievements.
What Is Revomon Novus ?
Planned for 2024-2025, Revomon Novus kickstarts its journey through a landsale planned Q1 2024 where users will be able to own a digital land in the Novus metaverse to provide services to others users. It aims to combine two new concepts: an open-economy in an open-world. The map of Revomon Novus is similar to Sandbox, digital plots to own, virtual operations providing real life positive results.
More info here; https://revomon.gitbook.io/revomon/
Revomon was launched in April 2021 and published its first alpha version in June 2021. The team promises to release a fully-functioning desktop version in the roadmap by the end of the year and develop a mobile and a VR version in Q1 2022.
What Makes Revomon Unique?
Revomon bills itself as “the first collectible monster metaverse available in virtual reality.” As such, its unique value proposition is combining familiar GameFi elements with VR gameplay.
For instance, players will interact with the game’s metaverse by using familiar hand gestures such as throwing balls to catch monsters. The game’s menus, where players can switch between the trainer menu, the in-game NFT auctions and the marketplace are new features allowing users to use a global ecosystem.
Furthermore, Revomon provides an opportunity for players to monetize their playtime and enjoy true ownership of the assets collected in the game. Those are based on the familiar ERC-1155 and ERC-721 standards that allow tokens to be uniquely identifiable and tradeable as NFTs throughout the Ethereum ecosystem. Players will be able to earn by trading their caught Revomon or buying items in the game’s Global Trade Station to upgrade them. Moreover, they can challenge other players with their Revomon in the game’s PvP battle mode.
Finally, Revomon also offers DeFi elements, where players can earn a passive income by providing liquidity to the token’s liquidity pool through its farming and staking programs.
How Many Revomon (REVO) Coins Are There in Circulation?
REVO is the main currency inside the Revomon ecosystem (game, marketplace and store). In the future, REVO can will also be used to vote in the project’s governance proposals and for staking in the Revomon liquidity pools.
The total supply of REVO is 46 million. The token distribution is as follows:
- Liquidity 6,373,173 (14%)
- Treasury 10,000,000 (22%)
- Holders 29,626,827
NB: The project has processed an 1:1 airdrop in August 2023 due to a third party exploit that PolyNetwork (bridge that was previously ensuring the operations of $REVO between Ethereum Chain and BNBChain for users) suffered and damaged 57 projects, Revomon included. The Revomon team reacted fast enough (and before Polynetwork team) to withdraw the pool liquidity in order to save the project.
More info: https://cointelegraph.com/news/poly-network-users-withdraw-bridge-exploit-affects-57-crypto
How Is the Revomon Network Secured?
Revomon is being built on the Unity engine, the C# scripting API and the built-in Visual Studio integration. The team chose these for their efficiency on low-power machines, community size, engine age and developer documentation. This component-based approach allows the team to build with flexibility while delivering impressive graphics and a simple and intuitive user interface.
REVO is a BEP-20 token on the Binance Smart Chain. BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.
Where Can You Buy Revomon (REVO)?
REVO is available on PancakeSwap (V2) and on Dextools: https://www.dextools.io/app/en/bnb/pair-explorer/0x828e5d71403f7456b38cb830935c40426668086d
AI Analysis
What is the Revomon (REVO) cryptocurrency good for? What are its main use cases?
Revomon (REVO) is a cryptocurrency associated with a virtual reality game platform that combines elements of gaming, blockchain technology, and decentralized finance (DeFi). Here are some of the primary use cases and features of Revomon (REVO):
In-Game Currency: REVO tokens can be used as in-game currency, allowing players to purchase items, skins, and other virtual assets within the Revomon ecosystem. This can enhance the gaming experience by providing a way for users to acquire unique items.
Purchasing and Owning NFTs: Revomon integrates non-fungible tokens (NFTs), allowing players to own unique digital assets such as characters, creatures, or items. These NFTs can be bought, sold, or traded on various marketplaces, providing additional value to players.
Play-to-Earn Mechanism: Players can earn REVO tokens by participating in gameplay, contesting in battles, or completing quests. This play-to-earn model incentivizes players to engage more deeply with the game, rewarding them with real monetary value for their time and effort.
Staking and Yield Farming: Users can stake their REVO tokens to earn rewards, such as additional tokens or other incentives. This feature encourages users to hold onto their tokens for longer periods while providing liquidity to the ecosystem.
Governance: Token holders may have a say in decision-making processes related to the Revomon platform, such as voting on game features, updates, or changes to the economy of the game. This governance aspect can help foster a community-driven development process.
Cross-Platform Integration: Revomon aims to integrate across different virtual and augmented reality platforms, allowing for a broader reach and potential user base. The REVO token can facilitate transactions in these environments, enhancing its utility.
Community Building: The Revomon ecosystem encourages community engagement through various initiatives and events, fostering a sense of belonging among participants. Token-based incentives can help support community-driven projects and user-generated content.
Overall, Revomon (REVO) aims to create an engaging and interactive experience in the gaming and virtual reality spaces while leveraging blockchain technology to empower players through ownership, earning potential, and community participation.
What blockchain does Revomon use? Is it its own blockchain or built on top of another?
Revomon is built on the Ethereum blockchain. It utilizes the Ethereum network for its functionalities, leveraging smart contracts and the security of Ethereum's ecosystem. While some projects have their own distinct blockchains, Revomon operates on top of Ethereum, which is common for many blockchain-based applications, especially those in the gaming and NFT (non-fungible token) sectors.
Is Revomon programmable? Does it support smart contracts or decentralized applications?
Revomon is a blockchain-based game that combines elements of Pokémon-style gameplay with virtual reality and blockchain technology. It operates on the Ethereum blockchain and utilizes non-fungible tokens (NFTs) for its in-game assets, such as creatures and items.
As of my last update in October 2023, Revomon itself does not function as a general-purpose blockchain platform like Ethereum where you can deploy smart contracts or create decentralized applications (dApps) in a broad sense. Instead, it primarily focuses on providing a gaming experience built on blockchain technology.
While users can own, trade, and customize their in-game assets as NFTs, the programmability in terms of creating new smart contracts or extensive dApps is not a core feature of the Revomon platform itself. If you are looking for programmability and smart contract capabilities, Ethereum or other blockchain platforms designed for those purposes would be more suitable.
For the most current features and capabilities of Revomon, it's always best to check their official website or recent updates from the development team.
How fast are Revomon transactions? What is the typical confirmation time and throughput (transactions per second)?
Revomon is a blockchain-based game that leverages technologies to enable fast and efficient transactions. As of my last update, specific metrics like transaction confirmation time and throughput (transactions per second) could vary depending on the underlying blockchain technology used by Revomon, particularly if it operates on a deployed network or utilizes layer-2 solutions.
Typically, games like Revomon aim for fast transaction speeds to enhance user experience, often leveraging blockchains that provide low latency and high throughput. Many gaming-focused blockchains claim transaction confirmation times of a few seconds and can support hundreds to thousands of transactions per second (TPS).
For the most accurate and up-to-date information about Revomon's transaction speeds, confirmation times, and throughput, I recommend checking the official Revomon website or their developer documentation, as these parameters can evolve with technology upgrades and changes in their operational protocols.
How much data can I store on the Revomon blockchain? Does it support on-chain data storage?
Revomon primarily focuses on providing a platform for virtual reality (VR) experiences and blockchain-based gaming, particularly in the realm of NFTs and digital assets. As for data storage, Revomon operates on the Ethereum blockchain, which utilizes smart contracts.
Ethereum does not typically favor large on-chain data storage due to constraints such as high transaction costs, scalability issues, and gas fees associated with writing data to the blockchain. Instead, it's common to store only metadata or references to off-chain data (e.g., links to IPFS or centralized databases) on the blockchain.
If you intend to utilize Revomon for on-chain data storage, it’s essential to consider these limitations and the type of data you plan to store. For extensive data storage needs, off-chain solutions would be more practical, with on-chain references for verification and integrity.
Always check with the most current resources or Revomon's official documentation for updates on their capabilities, as blockchain projects frequently enhance or alter their services.
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