How Revel Works | Revel’s Game Economics | How To Play Revel
247How Revel Works | Revel’s Game Economics | How To Play Revel
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Welcome to our How Revel Works Video!
Revel is a social platform for creating and trading collectibles/NFTs of people’s personal media (photos and, soon, videos).
Here's a quick guide around the game mechanics
Goal is to increase your net worth
Achieve this in two ways:
Collect a Series from another user → this earns you a bonus Asset (Harvest) each time they mint
Getting your own Series collected by other users → this enables you to mint more.
Minting a Collection
To mint a new Collection, upload 3 photos. Assign a rarity type to each of the 3 photos: a Unique, a Rare, and a Common.
Common Assets = photo is minted in 10 Editions
Rare Assets = photo is minted in 5 Editions
Unique Assets = photo is minted in 1 Edition
Collecting a Series
Collect one of each rarity type from another person to achieve a Series. A Series can be made using assets from multiple Collections.
Series → Harvest
When you collect a Series, you are eligible for Harvest. Harvest is an Edition from any new mint by the person you collected a Series of.
Series → Unlocks Minting
Collecting a Series also unlocks a new minting opportunity for the person you collected a Series of. Likewise, you can only re-mint once someone has created a Series from your Assets.
Series → Unlocks Minting
Collecting a Series also unlocks a new minting opportunity for the person you collected a Series of. Likewise, you can only re-mint once someone has created a Series from your Assets.
Net Worth and Balance
Your Net Worth is comprised of two elements:
The Estimated Asset Value of all the Assets that you own
The Balance of Rvs that you own
How do you form a Series?
Acquire one Edition of a Common, a Rare and a Unique Asset created by the same user (Creator).
Click ‘Create a Series’ button on the Creator’s user profile, in Assets→ Portfolio or in Assets→ Series
This will bring you to a Deck where you can see your Assets from said Creator.
After selecting a Unique, Rare and Common Editions, the Create Series Button becomes clickable.
Upon confirming, the Series is formed.
What is the Difference between a Public & Private Offer?
A Public Offer goes to all Edition Owners of a single Asset.
This Offer is publicly visible.
This Offer impacts the Estimated Asset Value.
Public Offers are limited to trading for a Single Asset.
A Private Offer is a specific offer between two users.
This Offer is not publicly communicated.
It is currently triggered by submitting a ‘Counter Offer’ to a Public Offer
Private Offers allow users to trade for multiple Assets.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our How Revel Works video. Make sure to leave a like on the video if you gained value from it!
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⏰ TimeStamps ⏰
0:00 intro
0:26 Revel.xyz
4:07 Team
4:56 Summary