What is Revox (REX)? What Does It Do?

Revox (REX) is an innovative platform that aims to transform the development of decentralized applications (dApps) by combining artificial intelligence (AI) and blockchain technology. By enabling the use of AI-based agents in smart contracts, it offers developers and users a smarter, more flexible, and secure ecosystem. In this article, we will explore what Revox (REX) is, what it does, the problems it solves, and its key features in detail.

What is Revox (REX)?

Revox is a platform that integrates AI and Web3 technologies, designed to simplify the development of decentralized applications. Leveraging advancements in Large Language Models (LLMs) and AI, it provides developers with the ability to create custom AI agents. These agents work seamlessly with smart contracts to autonomously perform complex tasks. Committed to decentralization principles, the platform supports the independent development and deployment of data sources and API logic.

Revox’s core mission is to democratize the development of decentralized AI applications. It offers developers and individuals a wide range of APIs and data sources to create tailored AI agents for various scenarios. This fosters innovative applications and creates a more inclusive development environment.

What Does Revox (REX) Do?

Revox addresses key challenges in AI and blockchain integration, making decentralized applications smarter and more efficient. Here are its key use cases and solutions:

1. On-Chain AI Inference

Performing AI inference on-chain is challenging due to blockchain’s computational limitations. Revox solves this with DPrompt, an innovative AI inference oracle service. DPrompt processes computationally intensive AI tasks off-chain and securely delivers results to smart contracts. This enables dApps to use AI features reliably and transparently.

2. Web3 Integration and AI Agents

Revox redefines Web3 components like wallet integration and smart contract calls through AI agents. These agents are dynamic, intelligent units rather than static entities. For example, a Wallet Agent securely connects user wallets and manages transactions, while a Ticker Agent identifies token symbols using natural language processing. This makes dApps more user-friendly and autonomous.

3. Customized Workflows

Revox offers customized workflows that combine different AI agents to address complex use cases. Developers can use these workflows to create applications ranging from financial analysis to social media moderation. For instance, an automated trading bot combined with a Sentiment Analysis Agent can make real-time market decisions based on social media data.

4. Incentive Mechanism

Revox provides an incentive mechanism that rewards AI agent developers and computational resource providers. This system encourages ecosystem growth and motivates developers to create innovative solutions. Contributors are rewarded for supporting the network’s intelligence and computational power.

Revox’s Key Components

Revox powers its ecosystem with a range of innovative components. Here are the most significant ones:

Primitive Agents

Primitive Agents are Revox’s foundational building blocks, specialized for specific tasks. Each is designed to excel at a single function. Examples include:

Wallet Agent: Securely handles wallet connections and address management.
Chart Agent: Visualizes data based on user commands.
Database Agent: Executes database queries using natural language.

Plugins

Plugins enable Revox agents to interact with the external world, offering integration with Web2 and Web3 services. Examples include:

Etherscan Plugin: Analyzes blockchain transactions and wallet balances.
Google Search Plugin: Retrieves information from the web.
Twitter Plugin: Pulls social media data.

Context Knowledge

Context Knowledge allows agents to specialize in specific domains. For example, an agent can analyze blockchain project whitepapers or access up-to-date ticker lists for financial applications.

Revox Web Extension

The Revox Web Extension simplifies user interaction with agents and provides secure personal data storage. It offers a user-friendly and secure interface.

DPrompt: On-Chain AI Oracle

DPrompt is Revox’s oracle service for on-chain AI inference. It enables smart contracts to access AI-based results. For example, a dApp can use DPrompt to analyze social media data and predict market trends.

Revox’s Flagship Application: REVOX Lense

REVOX Lense is the first comprehensive application built on the Revox platform, designed to simplify digital asset management. Its key features include:

Automatic Asset Detection: Analyzes assets in a user’s wallet.
Real-Time News and Social Media Tracking: Aggregates news and social media trends related to user assets.
Customized Reports: Provides detailed reports on asset performance and market trends.
Interactive Q&A: Delivers intelligent answers to users’ portfolio-related questions.

REVOX Lense makes digital asset management more accessible and informative, serving as a powerful tool for Web3 users.

Problems Revox Solves

Revox tackles three key challenges in AI and blockchain integration:

On-Chain AI Inference Difficulty: Most dApps rely on centralized off-chain AI services. Revox resolves this with DPrompt.
Siloed Development Tools: dApp components like wallet integration and smart contract management are not integrated with AI. Revox bridges this gap with AI agents.
Lack of Incentives: Without a unifying incentive mechanism, building a cohesive AI agent network is challenging. Revox overcomes this with its reward system.

Where is Revox (REX) Used?

Revox has a wide range of applications across industries. Examples include:

Automated Trading Bot: Analyzes social media data for real-time trading decisions.
E-commerce: Agents accessing SKU lists help users compare products.
Financial Analysis: Ticker and Chart Agents visualize and analyze market data.

Revox’s Predecessor: ReadON DAO

Revox is a continuation of ReadON DAO, a project aimed at building a decentralized content layer for Web3. With over 1 million downloads, its mobile app is the top news app in Indonesia and Nigeria. Revox builds on this legacy, focusing on AI and Web3 integration.

Revox (REX) Tokenomics

$REX and $sREX: Key Information

Total Supply: 3 Billion $REX
Smart Contract Address: BscScan
$REX: Revox’s primary governance token.
$sREX: A non-tradable staking token. $REX can be converted to $sREX at a 1:1 ratio, but conversion back to $REX is subject to specific redemption periods.

Token Burn and Staking Pool

In case of early $sREX redemption:

50% is permanently burned, reducing the circulating token supply.
50% is allocated to the $sREX Staking Pool, increasing rewards for long-term holders.

Token Distribution Plan

Community (Airdrop): 10% – Unlocked at TGE
Community (Ecosystem Incentives): 35% – Distributed as $sREX at TGE*
Community ($sREX Staking Pool): 15% – Distributed as $sREX at TGE*
Liquidity + Marketing: 5% – Unlocked at TGE
Team and Advisors: 15% – 6-month cliff, 48-month linear vesting
Investors: 20% – 6-month cliff, 24-month linear vesting

*Most community tokens are distributed as $sREX, with limited conversion to $REX.

Revox (REX) Partnerships and Investors

The project’s partners include prominent names such as BNB Chain, Bitget, Gate.io, MEXC, LBank, Binance Labs, Bybit, and LINE NEXT.

On the investor side, the project is backed by well-known firms like SevenX Ventures, Hasket Capital, Foresight Ventures, ArkStream Capital, Sky9 Capital, and more.

Revox (REX) Founding Team

Neo Y. (REVOX Co-Founder)

Neo Y. is one of Revox’s co-founders. He previously led a gaming and app development startup that generated over $10 million in revenue in 2020.

Troy Hua (REVOX Co-Founder)

Troy Hua is Revox’s other co-founder. He has worked at global tech giants like TikTok, Microsoft, and LinkedIn. He holds a Master’s degree in Computer Science from Carnegie Mellon University and a Bachelor’s degree from Tsinghua University.

Official Links

Whitepaper: REX Whitepaper
X (Twitter): REX X
Discord: REX Discord

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