Frequently Asked Questions ???
Getting Started
Revel is a social collectibles platform. The goal on Revel is to gain levels and increase your balance by creating and trading digital trading Cards.
Cards are photos, videos, and text-to-AI artwork users share on Revel.
- Creating a new Pack involves creating Cards by uploading 3 media files (photos or videos) or generating text-to-AI artwork.
- Users choose what rarity type to assign to each of the 3 Cards.
- Users are prompted to name the Cards.
- Users are then informed on the number of editions that will be created for each Card/rarity type.
- Upon creating the Pack, the Cards are added as editions on Revel.
Revs are the in-app currency used on Revel. Users can purchase Revs in the app and on the web.
- Creators can earn by
- Sharing new Cards and putting the word out to drive demand
- Getting Collected so they can create more Packs.
- Collectors can earn by
- Making trades for popular Cards.
- Collecting Sets from popular creators, so they can gain bonus Cards.
- Rarity provides insight into the number of editions of a Card.
- There can only be 1 Unique edition in a Pack.
- Rare Cards start with 5 editions.
- Common Cards start with 10 editions.
- When a user creates new Packs, their Rare and Common editions increase with every new Pack.
- Your first Pack generates 16 total editions. (See “What is a Pack)
- As you create new Packs, the number of Rare and Common editions increases.
- The creator of the Cards owns the Cards. Other edition owners receive a personal-use license.
- A portion of each Pack’s editions are distributed to new registered users as part of their starter pack.
- Cards live in the app and can be accessed under the “Cards” tab on your profile.
- We are working to allow users to connect a crypto wallet to claim Revel Cards into NFTs on an external wallet. We will announce when this functionality is released.
A starter pack contains Cards distributed to new users from Packs previously created by other users.Accordion Content
- 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 the Card is malicious, obscene and/or inappropriate by nature.
- Users are able to flag and report copyright issues and we follow DMCA guidelines if processing IP removal requests. We can do so during the period 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.
- 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 and Conditions here.
A cool off period occurs when the user has surpassed the maximum number of Packs that can be created in one day. Users can create up to 3 Packs per day.
Making Trades
- Offers are trade requests to exchange Cards and/or Revs.
- On the Trade screen users view Offers Received and Submitted. Users have the option to accept, decline, or counter Received Offers and can revoke Submitted Offers at any time.
- A Public Offer goes to all edition owners of a single 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.
- Users can counter a Public Offer or a Private Offer.
- Once a Public Offer is countered – it becomes a Private Offer.
- Estimated Card Value is denoted by the tilda (~) symbol. All Cards start with a default Estimated Card Values of:
- Common = 1
- Rare = 10
- Unique = 100
- Common = 1
- When an Card is traded or has a pending Offer, the Estimated Card Value changes to based on, amongst other things:
- The last trade of that Card or
- The highest Offer for that Card.
- Estimated Card Value also drives:
- The Estimated Offer Value that users see when making and receiving Offers.
- Portfolio Value.
- A User’s Net Worth.
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.
- Tap the Lock icon on the Set that you own and would like to Unlock.
- Once you Unlock a Set, you will no longer be eligible for Harvest Drops from that Set.
Yes! Offers can be made on Cards in a Set but can only be traded once the owner of the Set unlocks it.
Yes. Offers expire after 14 days if they are not accepted, rejected, or countered.
Earning
- Jokers are PFP NFTs that can be used as a substitute for any Card to complete a Set.
- Jokers are available for purchase under Settings on the Profile screen.
Bonus 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?”.
Gifting is on our roadmap.
- Cards are lazy-minted and reside on the Revel centralized database.
- We are working to enable Card claims via Polygon on the Ethereum blockchain.
Yes. Users can withdraw Revs on the Revel.xyz desktop website to USD once reaching the cash out minimum balance (2500 Revs).
A cool off period occurs when the user has surpassed the maximum number of Packs that can be created in one day. Users can create up to 3 Packs per day.
A cool off period establishes a proof of demand economy, ensuring that the Explore feed is diverse and not dominated by a single creator’s Pack.
- If you are notified that you are eligible to create during the cool off period, the amount of times you can (depending on Set creations) are rolled over to the following day.
- Currently, creating Packs does not stack. For example, if 2 people create a Set of your Cards before you create one, you will not be able to create 2 packs.
Yes. Offers expire after 14 days if they are not accepted, rejected, or countered.
Still have a question, reach out to the team at [email protected]