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What is Rivetz (RVT) crypto coin? The complete truth about a dead project

What is Rivetz (RVT) crypto coin? The complete truth about a dead project

Michael James 31 December 2025 23 Comments

Rivetz (RVT) is not a working cryptocurrency. It’s a relic - a token that raised over $18 million in 2018 with big promises, then vanished. If you’re asking what Rivetz is, the answer isn’t about technology or potential. It’s about abandonment.

What Rivetz claimed to do

Rivetz pitched itself as a security-focused crypto project built on Ethereum. Its goal was simple: use hardware-level security features - like Trusted Platform Modules (TPMs) in laptops and phones - to prove that your device hadn’t been hacked before signing a transaction. The idea sounded solid. If your phone’s built-in security chip could verify that a crypto transaction came from a clean device, it could stop a lot of hacks. That’s the kind of thing banks and enterprises would pay for.

They called it "hardware-backed blockchain security." They said RVT tokens would power access to this system. Investors believed them. In March 2018, Rivetz raised $18.65 million in its ICO. That’s not small change. That’s serious funding.

What Rivetz actually delivered

Nothing.

The official website, rivetz.net, stopped working in February 2021. The last update on their GitHub repository was January 17, 2021. No code commits since then. No new releases. No bug fixes. No updates. Four years of silence.

The Ethereum smart contract for RVT still exists - 0x5c543e7AE0A11004e9C986522915423Fb8dA71E4 - but it’s a ghost. No one’s using it. No apps connect to it. No wallets auto-detect it. You have to manually add the contract address and 18 decimals just to see your tokens in MetaMask or Trust Wallet. Most people don’t even bother.

Market status: A dead asset

As of November 2025, there are 26.2 million RVT tokens in circulation out of a max supply of 200 million. At $0.00088 per token, the total market cap is around $23,000. That’s less than the cost of a used laptop.

On CoinMarketCap, RVT ranks #6468. On LiveCoinWatch, it’s #41,290. The numbers don’t even agree because no one cares enough to track it consistently. Trading volume? Near zero. Binance shows 0% change over 24 hours - not because it’s stable, but because no one’s buying or selling. Daily trades are under $1,000.

Compare that to other security tokens. Oasis Network (ROSE) has a $1.1 billion market cap. Secret Network (SCRT) sits at $217 million. Both have active developers, real users, and working products. Rivetz has a contract address and a graveyard of promises.

Why it failed

Rivetz made a classic mistake: they built a solution nobody asked for.

Hardware security is hard. Integrating TPMs with blockchain requires deep partnerships with device manufacturers - Intel, Qualcomm, Samsung. Rivetz never got those. They talked about enterprise adoption, but no company ever deployed their tech. No government, no bank, no big tech firm ever said, "We’re using Rivetz." Meanwhile, the crypto world moved on. Zero-knowledge proofs, multi-party computation, and decentralized identity became the real security frontiers. Rivetz stayed stuck in 2018 with a prototype that never left the lab.

Analysts called it out early. CryptoSlate’s 2021 review said Rivetz "failed to deliver on promised hardware integration at scale." Delphi Digital excluded it from their 2023 security token report because there was "insufficient activity metrics." Messari labeled it an example of an "abandoned security token project." Students stare at a dead computer screen showing a 404 error, holding a faded ICO brochure under dusty sunlight.

Students stare at a dead computer screen showing a 404 error, holding a faded ICO brochure under dusty sunlight.

User experiences: A trail of losses

People lost money. A lot of it.

On Reddit, users post about RVT like it’s a cautionary tale. One user wrote in September 2025: "Lost $3,200 in Rivetz ICO - never saw a working product despite their $18M raise." Trustpilot has 12 reviews, all 1-star. The latest? June 2022: "Complete ghost project - website defunct since 2021." Telegram groups shut down in 2021. The last Twitter post was December 3, 2020, announcing "strategic partnership developments" - none ever happened. No one responded to questions after that.

Noone.io, a wallet provider, explicitly warns users: "RVT transactions may fail due to insufficient network liquidity and abandoned contract support."

Is RVT worth anything?

Technically, yes - it still exists on the blockchain. But practically? No.

You can’t spend it. You can’t stake it. You can’t use it in any app. Even if you held it since the ICO, it’s not an investment. It’s a museum piece.

Some people still trade it on tiny exchanges, hoping for a miracle. But history says otherwise. According to CoinDesk’s 2025 Abandoned Projects Report, projects with no developer activity for four+ years have less than a 0.3% chance of revival.

Rivetz has been dead for over four years.

What you should do if you own RVT

If you still have RVT in your wallet:

Don’t buy more. There’s no upside.
Don’t expect a refund. The team is gone.
Don’t waste time trying to sell it. Liquidity is near zero.
Consider writing it off as a loss. It’s not a crypto asset - it’s a lesson.

A fading developer ghost watches glowing active crypto projects while a cold RVT token lies abandoned on the floor.

What Rivetz teaches us

Rivetz isn’t just a failed coin. It’s a textbook case of how not to build a crypto project.

- Raising $18 million doesn’t mean you’re building something real.

- Promising "hardware-level security" without partnerships is empty marketing.

- Silence after funding is a red flag - not a pause.

- If your GitHub is dead, your project is dead.

The blockchain space is full of hype. Rivetz was one of the most expensive examples of it.

Today, the security token market is worth over $4 billion. Rivetz’s entire market cap is 0.00055% of that. That’s not a mistake. That’s a monument to overpromising and underdelivering.

If you’re researching RVT, you’re not looking for an investment. You’re looking for a warning.

What to look for instead

If you want real security-focused crypto, look at active projects:

Oasis Network (ROSE) - privacy-preserving smart contracts with real enterprise adoption.
Secret Network (SCRT) - encrypted DeFi, live since 2020, growing user base.
iExec RLC - decentralized cloud computing with active transaction volume.
Forta (FORT) - decentralized threat detection with 2,000+ nodes.

These projects have code commits, community support, and real usage. Rivetz has none of that.

Final verdict

Rivetz (RVT) is not a cryptocurrency. It’s a cautionary tale.

It raised millions. It promised groundbreaking security. It delivered nothing. The team disappeared. The website vanished. The code stopped updating. The community turned to anger.

If you’re thinking of buying RVT, don’t. If you already own it, accept the loss and move on.

The only thing RVT is good for now is teaching people how not to get burned by crypto hype.

Is Rivetz (RVT) still being developed?

No. The last GitHub commit was on January 17, 2021. The official website has been offline since February 2021. There have been no updates, announcements, or developer activity for over four years. Rivetz is considered permanently inactive by industry analysts.

Can I still use or trade RVT tokens?

You can technically hold RVT in some Ethereum wallets, but only by manually adding the contract address (0x5c543e7AE0A11004e9C986522915423Fb8dA71E4) and setting 18 decimals. Trading volume is near zero - daily trades are under $1,000. Most exchanges don’t list it, and no apps or services accept it. It has no practical use.

How much is RVT worth today?

As of November 2025, RVT trades at approximately $0.00088 per token. With a circulating supply of 26.2 million, the total market cap is around $23,000. This is less than 0.00055% of the total security token market, which is valued at over $4 billion.

Why did Rivetz fail?

Rivetz failed because it never delivered on its core promise: hardware-backed security. It raised $18.65 million but never partnered with device manufacturers like Intel or Samsung to integrate TPMs. It had no enterprise customers, no working product, and no active development. Analysts and users alike called it abandoned. The technology was sound in theory, but the execution was nonexistent.

Is Rivetz a scam?

It’s not illegal - but it’s a classic case of overpromising and vanishing. The team didn’t steal funds outright; they raised money for a project that never materialized. No working product was ever released. No updates followed. With no communication for over four years and zero developer activity, it’s widely considered a dead project. Many investors lost money expecting functionality that never came.

Should I buy RVT now?

No. There is no reason to buy RVT. It has no utility, no development, no community, and no chance of revival. The token’s value is purely speculative - and even that is nearly nonexistent. Buying RVT now is like buying a broken car with no parts or mechanic to fix it. The only thing you’re buying is a reminder of how crypto hype can go wrong.

What happened to the Rivetz team?

The Rivetz team vanished after 2020. Founders and developers stopped responding to emails, social media, and forums. No LinkedIn profiles have been updated since 2021. No new team members have been announced. There is no public record of them working on any other blockchain projects since Rivetz collapsed. They disappeared without explanation.