FAQ

What is Revel?

Revel is a gamified marketplace that empowers users to create their own personal trading cards using their images and videos, powering an ecosystem built on community ownership.

 

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 3,750 Revs (Revel’s in-app currency) and are in good standing, are able to cash out their Revs for fiat currency.

 

What are Revs?

Revs are the in-app currency used on Revel. Users can purchase Revs both in the app or on the web (for better value!).

 

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)

 

How many packs can I make?

  • Users can create an infinite number of packs. However, only one (1) pack a day.
  • To create a new pack, another user must create a set of your cards by collecting three (3) and locking the set. Or, you can pay a small fee in Revs in order to unlock the ability to mint again. 

 

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 and pack.
  • Review the number of editions that will be created for each card/rarity type.
  • Create the pack! The card editions are generated instantly and are ready to be traded. 

 

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 ten (10) editions. 
  • As 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 card editions determined?

  • Your first pack generates 16 total editions. For more information, see “What is a pack?”
  • The number of rare and common editions generated when you create a new pack may increase whenever another user locks a set of your cards, depending on the percentage chance of a user receiving harvest. The number varies depending on how many sets a user has locked of yours, due to increasing their chance of harvest.

 

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 and be traded on secondary markets

 

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 added to the Revel treasury to be gifted 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 eligible to create another pack without paying a creation fee. 
    • Harvest has a chance to be received by the set owner whenever the creator creates a new pack.

 

 What are Harvest cards?

  • Everytime a user creates a new pack, those who have sets locked on them have a percentage chance to receive a common or rare card. These free bonus cards are called harvest. 

 

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. Visit the progression screen on your profile to see all available sets able to be locked. 

 

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 the cards from the previously locked set. 

 

How do I unlock a set?

  • To unlock a set, go to a user's profile and click at the bottom of the set completion module to see all sets you have locked on this user. From here, you can click on any set to unlock it. 

 

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

Yes, offers can be made on cards in a set but can only be traded once the owner of the set unlocks it. However, they can not be quickbought once locked in a set.

 

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 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 any Revs exchanged, 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 only shown to the two users.
    • 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. 

 

 Do Offers Expire?

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

 

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

 

  • Every card has an estimated card value, denoted by the tilde (~) 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? What are the IP/Commercial License laws?

  • 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.  If another user creates a pack using content you own please contact support@revel.xyz to file a DMCA takedown notice.
  • 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.
  • Web purchases are cheaper than in-app purchases. 

 

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.

 

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 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 as long as they are in good standing on the Revel.xyz desktop website to USD once reaching the cash-out minimum balance (3,750 Revs). Users can only cash out every 10 days.

 

What is a cooldown period?

  • A cooldown period lasts 24 hours and occurs when the user has reached the maximum number of packs that can be created in one day. Users can currently create one (1) pack 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.

How many cards can I trade at once?

  • Trades can have up to 10 cards from each user involved. 

 

What is quickbuy?

  • Quickbuy allows users to instantly buy a card with Revs at a higher price than the current ECV.
  • Quickbuying increases the ECV of a card with each purchase and thus increases the quickbuy price.
  • Quickbuy will always go to the creator of the card. If the creator no longer owns editions of a card, it will go to whoever has owned it the longest.

 

How do I prevent cards from being quickbought? 

  • Cards that are locked in a set are unable to be quickbought.

 

What is a Portfolio? 

  • The Portfolio is a summary of all cards & sets a user owns.
  • Use a variety of filters to manage your cards as well as your sets.

 

Why does a cooldown period exist?

  • A cool off period establishes a proof of demand economy, ensuring that the Discover feed is diverse and not dominated by a single creator's packs.

 

How is the net worth gainers list curated?

  • We curate based on the biggest net worth % change in a 24hr period. We also have a threshold in place so users need a minimum amount of $R to appear there.

 

What is the Revel conversion rate to USD? 

  • 49 Revs to 1 USD