Reveel Protocol is a cutting-edge blockchain-based platform that aims to disrupt the traditional loyalty rewards industry. By leveraging the power of blockchain technology, Reveel provides a transparent, secure, and efficient solution for managing loyalty programs. With traditional loyalty programs, users often face challenges such as limited redemption options, difficulties in tracking reward points, and a lack of interoperability between different programs. Reveel addresses these issues by using smart contracts and decentralized technology to create a seamless loyalty rewards ecosystem. Furthermore, Reveel is supported by funding from Binance Labs. As we’ve seen with many other projects supported by Binance, Reveel may also offer an airdrop to its users in the future.
Advantages of Reveel Protocol
Transparency: All transactions and reward point balances are recorded on a public ledger, ensuring transparency and eliminating the possibility of data tampering or manipulation.
Streamlined Redemption: Traditional loyalty programs often have cumbersome processes for redeeming rewards. With Reveel, users can easily and quickly redeem their loyalty points and access a wide range of redemption options. The platform enables users to convert their loyalty rewards into various assets, including cryptocurrencies or gift cards, with just a few clicks.
Interoperability: One of the major challenges with loyalty programs is their lack of interoperability. Reveel solves this problem by allowing users to transfer and exchange loyalty points between different programs. This means that users are not limited to earning rewards from a single program, but can benefit from multiple loyalty programs within the Reveel ecosystem.
Enhanced Security: The Reveel Protocol utilizes the immutability and security provided by blockchain technology. This ensures that user data and transactions are protected from hacking and fraud. The use of smart contracts enables automated and secure execution of loyalty program rules, reducing the risk of errors and disputes.
Engagement and Incentives: Reveel encourages active participation and engagement from users by providing additional incentives. Users can earn extra loyalty rewards by referring others to the platform, participating in promotional offers, or completing certain tasks. This helps to create a vibrant and thriving community within the Reveel ecosystem.
Qualify for the R3VL Airdrop
In order to qualify for the Reveel Airdrop, simply follow the steps outlined below. It’s worth noting that receiving an airdrop is not guaranteed, and the outcome may differ based on individual circumstances.
1.Join the R3VL the waitlist: To start the qualification process, fill out the whitelist form located at (reveel website). By filling out the form, you express your interest and provide the necessary information to get on the R3VL whitelist.
2.Spread the word about Reveel Protocol: Invite your friends to join the waitlist using your unique referral link. When they sign up using your referral link, you’ll also earn rewards or incentives as a thank you for bringing new users to Reveel Protocol.
3. Create a Revenue Path on the Goerli Testnet: The first crucial step is to acquire some testnet ETH. You can obtain testnet ETH from the official Goerli Faucet website at https://goerlifaucet.com. Visit the website and follow the instructions provided. To receive Goerli ETH, your wallet must have a minimum balance of 0.001 ETH on mainnet.
Now click on the “New Revenue Path” button to start creating a new path. From the options provided, select “Custom Revenue Path”.
Give your revenue path a descriptive name to easily identify it. Activate the “Enable tiers” option to implement tiered pricing structures. Add the desired tiers for ETH, WETH, and USDC by selecting the respective options. Define the tier limits for each asset based on your requirements. Refer to the accompanying screenshot for guidance. Enter your wallet address to ensure the revenue is directed to the correct recipient. Select the “Split evenly” option to distribute the revenue evenly among the qualifying tiers.
After completing the previous steps, navigate to the “Final Distribution Tier” section. This section enables you to define the distribution rules for funds that exceed the limits of the last tier. Once the funds have surpassed the limit of the last tier, you can set up the final distribution in this section. Enter your own (or your friend’s) wallet address as the recipient of the funds in the final distribution. Activate the “Enable Mutability” option to allow for possible adjustments or changes to the distribution rules in the future. Once you have entered the wallet address and enabled mutability, click on the “Create revenue path” button to save and finalize your revenue path configuration.
4. Add to your Adress Book: Now add some adresses to your adress book as shown in the screenshot below
5. Swap & Bridge: To illustrate an example, you have the option to swap Matic tokens between the Polygon network and the Ethereum network. The specific token and chains you choose are flexible, as the primary goal is to successfully execute the swap. Whether you decide to swap Matic tokens on different chains or opt for a different token altogether, the successful completion of the swap is what matters.
Disclaimer
Please note that the content provided on this article is intended solely for educational, informational, and entertainment purposes and should not be considered as financial advice. In summary, always do your own research, evaluate the information critically, and seek professional advice when necessary. Stay informed, exercise caution, and make well-informed decisions based on your own unique circumstances.
