Where can I learn more info on $RVS?
Visit: revofi.com/revos/
Do I need more devices in one area for my device to earn $RVS?
No, you do not need to have more devices nearby for your device to earn $RVS.
Where is the token listed?
The token is currently not available on any trading platforms. We will be announcing more information soon.
How much can I earn per day?
It’s hard to determine how much each device can earn per day as many variables play into earning potential. Earning potential for each device is dependent on how much or how little resources on the device are utilized. Resource sharing includes providing storage, compute, connectivity to WiFi 6, and cloud microservices.
To learn more, visit: revofi.com/revos/
When will Revos ($RVS) become public?
Revos($RVS) will go public when the first device is turned on and begins to mine. It’s the only way Revos is minted.
Can RevoFi devices mine other forms of cryptocurrency?
You can mine other cryptocurrencies by deploying a containerized version of other types of virtual compute for mining other cryptos. That said, one needs to remember to match the requirements of the crypto that is mining to the compute capabilities of the device. You would also need to account for the costs of data credits as part of this.
Will placing two or more devices in close proximity result in penalized rewards?
No, overlap equals redundancy. This means overlap from a Radio Frequency perspective will naturally balance itself based on the standards around WiFi6 and LoRa. Combined with how we specifically deploy network architectures, there are no penalties, only a .balance of usage based on RF load balancing of total combined data throughput and workload requirements. This will improve overtime as the network technologies we are implementing will improve, and thus the economics will improve. The devices, storage, compute, and the network itself will appreciate over time as each of us will own and contribute to the network to improve it with every node deployed.
Are there Revos staking rewards?
Not at this time. We believe at some point staking of Revos will be available naturally through market progression.
Does RevoFi have cold storage options? Are there any plans on having cold storage options?
This is included in the long-term plan. We have a couple of options we are exploring.
How do I exchange Revos ($RVS) for Revos Data Credits (RDCs)?
- The Revos app will provide users with the ability to sell Revos ($RVS) to users who want to purchase RDC's. This process will be done by an exchange built into the network and application.
- The app will also allow users to burn their $RVS to create RDC's for themselves.
- The Revos app will also allow users to purchase RDC's directly via an in-app purchase using a standard payment method for fiat-based currency.
- This will allow people to use the RevoFi Network without owning a device or Revos.
Note: RevoFi devices do not burn RDC's or store them or retain them from use by others as payment. RDC's are paid to the network and the network decides which devices to utilize for the tasks or the user can determine the target devices for specific purposes.