What is Revest Finance? Revest Finance is a decentralized finance protocol that allows users to create NFTs representing specific amounts of ERC20 tokens, which can then be traded on DEXs or other platforms that support ERC-1155 NFTs. So what’s special about this project? Let’s find out with Weakhand in this article.
What is Revest Finance?
Revest Finance is a decentralized protocol that allows users to create NFTs representing quantities of ERC20 tokens. This means that this NFT will represent a basket of ERC20 tokens and users can use and trade the NFT without affecting the value of the assets in this NFT.
Revest Finance calls these NFTs “ FNFT. FNFT possesses all the properties of a typical NFT and is fully compatible with all marketplaces, wallets, and interfaces that support ERC-1155. FNFT is created when a user deposits a certain amount of ERC-20 tokens Revest Smart Vault.
An FNFT includes information such as:
What is FNFT?
Lock/Unlock Status: Represents assets in FNFT that may or may not be unlocked.
Lock Type: At Revest Finance, there are 3 types of keys including:
- Time lock: A key that unlocks after a user-specified period of time
- Value key: A lock that unlocks when the value of one asset (prime asset) relative to another asset (comparison asset) rises above or below the chosen price during construction.
- Address lock: Is the key that uses the address Ethereum as a trigger to unlock the attached Smart Vault.
Token Type: The token name is locked in FNFT.
Number of tokens in FNFT: Number of tokens locked in FNFT.
Additional information: Some additional information.
FNFT is intended by Revest Finance to be used in the real world such as: Token empowerment, time-controlled unlocking, inheritance, sponsorship, charitable contributions,…
What is the Difference of Revest Finance?
Revest Finance is implementing a number of advanced features such as:
Mass distribution: Allows specifying multiple recipients to create FNFT profiles. When mass distribution has been enabled, the number of FNFTs generated will be set to the number of FNFTs per address added together. Using this method, efficient batch vesting schedule distribution can be realized.
Create multiple FNFTs with the same configuration
Add deposit account: Are operations where FNFT holders can increase the number of tokens stored in their FNFT.
Extension term: FNFT holders can extend the term. This is useful for scenarios where a team wants to expand their liquidity, while retaining ownership and the entire token supply.
FNFT cannot convert options: The optional non-convertability feature, when enabled, will not prevent anyone from converting FNFT except the accounts that have already converted it.
Core Team
Revest Finance is developed by a group of technology-loving members whose Founder is Rob Montgomery. He is a Solidity developer and founder of Revest Finance.
Investor
On September 16, 2021: Revest Finance Announcement of successful call for $2.1M from many investors such as: Kronos, NewField Fund, Chainflow Capital, Deltahub Capital and Zion Capital.
Tokenomics
Information about Revest Finance tokens
- Token Name: Revest Finance
- Ticker: RVST
- Blockchain: Ethereum
- Contract: 0x120a3879da835a5af037bb2d1456bebd6b54d4ba
- Token Type: Utility, Governance
- Total Supply: 100,000,000 RVST.
Token Allocation
Revest Token Allocation
Token Release
Update…
Token Use Case
RVST tokens are used to:
- To earn a portion of the revenue generated from user fees on the Revest Finance platform.
- To receive fee discounts based on the number of tokens held.
- To participate in the governance of the Revest Finance protocol.
Exchanges
RVST can be traded on both DEX and CEX exchanges such as: Uniswap, BKEX, LBank.
Information Channel of Revest Finance Project
- Website: https://revest.finance/
- Twitter: https://twitter.com/RevestFinance
- Medium:
summary
Revest Finance is an innovative DeFi protocol that leverages NFTs to create a new way to trade and own assets. Revest Finance is still in the early stages and further development of the project remains to be seen. However, the potential use cases for the protocol are numerous and this is an interesting project to keep an eye on.
