Max Supply & Halving Schedule
REV has a maximum supply of 50,000,000,000 tokens, half of which will be distributed to Node Owners through the Revolution Blockchain in the first year. Each year thereafter, the amount of REV issued is half of the previous year’s allocation. The official start date of year-one points accrual is May 29, 2024 which will also serve as the date for future halvings.
Node License Supplies
Smart Nodes have a max supply of 100,000
Proof of Action Algorithm
Proof of Action is the algorithmic protocol that determines how REV rewards are distributed among Node Owners through the Revolution Blockchain. The process is as follows:
1. A user earns points based on actions voted upon by the Node Network DGF
2. The user's total points earned today are added to the Revolution Ledger.
3. Every day at 00:00 UTC, a fixed amount of REV is distributed based on the year of the current distribution schedule. The user's individual REV allocation is calculated from the percentage of points they had that day compared to the total community points combined. In other words, the more points the user earned compared to everyone else, the bigger piece of that day's REV distribution they would receive.
4. The user's REV distribution is confirmed by their node and added to their wallet on the Revolution Blockchain in the Digital Reward section.
Owning and operating a Rev node license is required to participate in the Proof of Action protocol—otherwise an individual's points would not be able to convert into on-chain rewards.
Disclaimer: REV is a digital reward distributed through the Revolution node network according to predetermined smart contracts. REV is designed to have utility on the Revo platform for the purchase of Revo products and services, although other cryptocurrencies may be used as well. REV is not available for purchase from Rev. REV is not an investment product and may never have any value. Rev node owners should not expect to recognize any value from REV other than its utility with Rev. Although Rev plans to undertake efforts to become a successful business, it is highly likely that REV's value will not correlate with the success or failure of Revoride.