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FAQ

What is Revel?

Revel is a social collectibles platform, enabling people to own a stake in other people by collecting their personal media.

 

Can people make money on Revel?

The cards people collect and create are traded and their value is set based on supply and demand. Users who trade cards and gain a minimum amount of Revs (Revel’s in-app currency) and are in good standing, are able to cash out their Revs for USD.

 

What are Revs?

Revs are the in-app currency used on Revel. Users can purchase Revs both in the app and on the web. 

 

How do I earn on Revel?

Creators can earn by:

  • Creating card packs and trading them with other users.
  • Earning royalties when other users trade their cards. 

 

Collectors can earn by:

  • Making trades for popular cards.
  • Collecting sets from other creators to gain Harvest (free cards received by collectors whenever a user creates a new pack) and trading them to others.

 

What are cards on Revel?

Cards can be anything you own that you want to share, including photos, videos, and AI artwork.

 

What is a pack?

A pack consists of three cards. Each of the three (3) cards has a different rarity and different number of editions. A user’s initial pack has 16 editions:

  • Unique card → 1 edition (purple frame/icon)
  • Rare card → 5 editions (blue frame/icon)
  • Common card → 10 editions (orange frame/icon)

 

What is card Rarity?

  • Rarity indicates the relative scarcity (number of editions) of a card.
  • There can only be one (1) unique edition in a pack.
  • Rare cards start with five (5) editions. 
  • Common cards start with 10 editions. 
  • When more users lock sets of your cards, the number of rare and common editions increases when you create new packs (this does not affect the number of editions created in previous packs).

 

How are the number of editions determined?

  • Your first pack generates 16 total editions. For more information, see the answer to “What is a pack?”
  • The number of rare and common editions generated when you create a new pack increases whenever another user locks a set of your cards. 

 

What does “creating” a new pack look like?

  • Creating a new pack involves uploading three (3) media files, either photos or videos, or generating an image/video using in-app AI.
  • Choose the rarities for each of the three (3) cards. 
  • Name the cards.
  • Review the number of editions that will be created for each card/rarity type.
  • Create the pack! The cards are generated as editions on Revel and start trading.

 

Where do cards live?

  • Cards live in the app and can be accessed under the “Created” and “Collected”  tabs in your profile.
  • Cards can also be claimed on chain after connecting a crypto wallet to your Revel account.

 

Why may some card editions be distributed to others after creating a new pack?

  • Some card editions are distributed as harvest to users who have locked a set of the creator’s cards.
  • Other card editions may be distributed to the Revel treasury to be used for promotional airdrops to new users.

 

What is a set?

  • A set is formed when a user collects three (3) cards from the same creator and locks them together. This is Revel’s version of “staking.” The rarity of the cards required to lock a set increases in difficulty as you collect and lock more sets from the same user.
  • Upon a set being formed:
    • The creator of the set is immediately eligible to create another pack without paying a creation fee. 
    • Harvest is received by the set owner whenever the creator creates a new pack.

 

What’s the difference between a pack and a set?

  • A pack is a group of three (3) cards created by a user.
  • A set is a group of three (3) cards that are collected by a user and intentionally locked (staked).

 

How do you lock a Set?

  • Acquire three (3) cards of required rarities created by the same user.
  • Visit a creator’s profile and collect the three (3) cards indicated in the set completion module.

 

How many packs can I make?

  • All users can create one pack at no cost. If no one collects you immediately, you will shortly be granted the ability to create additional packs for free.
  • To create further Packs:
    • Users may be required to pay Revs.
    • Another user locking a set from your cards. You can make an infinite number of packs; however, you can only create one (1) pack per day.

 

What is “proof-of-demand” minting?

  • Proof-of-demand minting is our mechanism to help ensure a healthy supply constraint on the number of cards created within Revel. 
  • While anyone can create initial packs, only users who have been collected can create more free packs.  
  • This simplified, gamified experience helps manage a vast number of individual creator economies on Revel.

 

Do I need to pay for cards?

  • No. You may barter cards for cards, without Rev exchange, in the trading screen.

 

What are offers?

  • Offers are trade requests to exchange cards and/or Revs.
  • On the trading screen, you can see both offers received (from others) and offers submitted (to others, by you). You have the option to accept, decline, or counter offers received and can revoke submitted offers at any time before the other user accepts.

 

What is the difference between a public offer and a private offer?

  • A public offer goes to any owners of editions of a particular card.
    • This offer is publicly visible.
    • This offer impacts the estimated card value. 
    • Public offers are limited to trading for a single card.
  • A private offer is a specific offer between two users. 
    • This offer is not publicly communicated.
    • Private offers allow users to trade for multiple cards.
    • Private offers can be made to another user from their profile.

 

How do I counter a public offer?

  • Users can counter a public offer or a private offer by tapping the “Counter” button in the trading screen.
  • When a public offer is countered, it becomes a private offer. 

 

What is “estimated card value” and how is it determined?

  • Every card has an estimated card value, denoted by the tilda (~) symbol. Default estimated card values are:
    • Common = 1 Rev
    • Rare = 10 Revs
    • Unique = 100 Revs
  • When creating new packs, the default value will shift to better match the current estimated card value of cards created in previous packs.
  • When a card is traded or has a pending offer, the estimated card value changes based on:
    • The last trade of that card.
    • The highest offer for that card.
  • Estimated card value also drives:
    • The estimated offer value that users see when making and receiving offers.
    • Your portfolio value.
    • Your net worth.

 

Who owns a card, and what are the IP/commercial rights of ownership?

  • The user who creates a card owns the card so long as the underlying media does not infringe on IP or copyrights.  
  • When a user trades for or otherwise receives cards created by other users, they receive a personal-use, non-commercial license to use the cards. Read about Revel’s non-commercial license policy in our Terms of Use.
  • Revel reserves the right to remove cards or users that infringe on another’s IP or if we determine that the card is malicious, obscene, and/or inappropriate by nature.

 

How does Revel address copyright issues?

  • Users are able to flag and report copyright issues and we follow DMCA guidelines when processing IP removal requests. We can do so during the period in which the cards are lazy created on Revel.
  • Further, the creator who creates the card is the card owner and retains IP rights.  Users who then own editions of the card have a personal use, non-commercial license of the card.

 

What is a non-commercial license? 

  • A non-commercial license allows the edition owner personal use and display use of the card.
  • It allows the edition owner to sell the edition under the same non-commercial license.
  • It does NOT allow the user to exploit the card’s edition commercially. An example of commercial use is using the card/ edition for advertising purposes.  
  • For more, see our Terms of Use.

 

Can I buy more Revs?

Revs are available for purchase in-app (In your wallet, click on the “Buy” button)  and on the web by logging into Revel.xyz.

 

Can I trade an entire set?

To trade cards in a set, you must unlock the set. Once unlocked, you can submit a private trade offer that includes all three cards from the previously locked set. 

 

How do I unlock a set?

  • At this time, the only way to unlock a set is when accepting an offer on a card that is locked in a set and choosing to unlock that set.
  • More streamlined UX for unlocking sets is coming.

 

Can my cards that are locked in a set still receive offers/be traded?

Yes. Offers can be made on cards locked in a set but can only be traded once the set owner unlocks that set.

 

Can I trade/message anyone on Revel?

  • Chat functionality is available on Revel.
  • You can trade cards with anyone on the app.
  • You can only chat with someone when you own at least one of their cards.

 

How can I directly trade with a user?

  • For multiple card trades, you can counter a public offer or initiate a private offer on the user’s profile.
  • Offers on a single card are sent to all editions owners of that card.

 

What is a Joker?

  • Jokers are special cards that can be used as substitutes in place of any Unique card in order to complete a Set.
  • Jokers are occasionally available for purchase in the Wallet screen. 
  • Advanced web3 users can find Jokers (which are NFTs) available in the secondary market here.
  • For more information about Jokers, click here.

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What are Harvest cards?

  • Harvest cards are distributed to the holders of a Set when the user who created the cards in the Set, creates a new Pack. For more information, see “What is a Set?”.

 

Can I gift cards?

  • Gifting is on the team’s roadmap.

 

Is there an ERC20 token? 

  • There is no Revel crypto token. The Cards on Revel, however, are all NFTs,- and can be claimed to a connected Polygon crypto wallet.

 

How do I add my cards to my Crypto Wallet?

  • Click on the Wallet tab (the gray oval that displays your Revs) and then tap  “Manage NFT Wallet.” Here, you can select as many cards as you’d like to bring on chain..

 

May I use my Revel cards in other Web3 apps, dapps and marketplaces?

  • Yes, after electing to bring cards on chain.

 

Can I cash out my Revs?

  • Yes. Users can withdraw Revs on the Revel.xyz desktop website to USD once reaching the cash-out minimum balance (2,500 Revs). 

 

What is a cooldown period?

  • A cooldown period occurs when the user has reached the maximum number of packs that can be created in one day. Users can currently create up to three (3) packs per day.

 

 

What happens if a set of my cards is locked during my cooldown period?

  • If you are notified that you are eligible to create another pack during the cooldown period, you will be eligible to create a new pack the following day.
  • Currently, creating packs does not stack. For example, if two people create a set of your cards before you create a new pack, you will not subsequently be able to create two new packs.

 

Do Offers Expire?

  • Yes. Offers expire after 14 days if they are not accepted, rejected, or countered.