ReviewMe, a pay-per-review service that pays bloggers for writing about the product of advertisers, has gone live. TechCrunch sponsor Text-Link-Ads supported the company.

ReviewMe has moderately different model, and it uses an algorithm based on Technorati, Alexa and other stats for determining the blog’s importance and also charges a separate fee for each blog based on the calculation.

Per post the payments bloggers range from $30-$1,000. Bloggers must reveal that the review is a paid advertisement.