Revuto is a single, decentralized application that saves its users money by sending them instant notifications to approve, block or postpone subscription charges, or any other payments as they occur.
It is the first application based on Cardano, with the full support of the Cardano Foundation and IOHK , and it is basically the next logical step in the evolution of cryptocurrencies as it is a means to use digital currencies to pay for the needs of the real world.
REVU its native multipurpose utility token, based on the Cardano blockchain, which is used to manage rewards and decentralized finance services (DeFi) through stakes, as collateral for microloans and loans on the Revuto dApp, and to give incentives to different user groups on the platform.
However, the main utility of the token is that its users save money on subscription fees, compared to using fiat money.
The problem to attack
Revuto arises from the need to reduce the enormous amount of money that users lose annually in subscription payment services.
In 2019 alone, according to TechCrunch, $ 120 billion was spent on apps and subscriptions .
In fact, CNBC wrote that the subscription habit is wasting $ 500 a year and that gray zone charges – including charges that apply after a free trial, automatic renewal services, and subscription charges that Rising Over Time – They became the top financial nuisance for consumers, according to a survey by MyBankTracker.com.
This happens because small monthly payments seem cheap, but annually they are not.
The full terms of subscription plans are generally not emphasized and consumers can easily forget about ongoing subscription charges.
In addition, it is difficult to unsubscribe and the services charge users’ cards indefinitely, even achieving that the services will charge the cards without notice in advance.
This is why people spend a lot more on subscriptions than they think.
Although there are some financial planning apps that could ease your pain by activating the alarms that you would set manually, to this day, there was no clear answer to that question, as there was no service that could prevent subscriptions from charging your cards unless your card is empty or declined by the bank.
The Revuto application brings the solution to all those problems.
This is how everything is solved
Revuto’s Dapp brings the solution to all these problems.
The tool allows you to categorize subscriptions and establishes spending limits; customize alarms and notifications; add multiple cards and other payment sources to the application, but using the information from a single card to subscribe; use Revuto AI to postpone the payment of the subscription to the maximum, but without suspension of the service; as well as sharing subscription charges with other members.
In addition, it allows you to actively control subscriptions by allowing users to approve, block or postpone payments as they occur and it comes with a debit card to fully manage your payments online and offline.
Thanks to all this, it not only simplifies subscription payments, but also gives its users full control of billing.
Simply put, using Revuto is as easy as subscribing, controlling, and paying with cryptocurrencies.
Thus, from Netflix to Spotify, from cosmetics to dinner kits, and from SaaS to online news, the platform offers an easy way to create and maintain recurring payments for the essential elements that form the fabric of modern life.
REVU is vital in this ecosystem
Subscriptions and recurring payments are made on the platform using Revuto’s virtual debit cards.
For this REVU is key, since these cards make use of said token, together with the stablecoin based on Cardano EURR.
By connecting payments with cryptocurrencies, users gradually unlock more REVU features.
Unlike DeFi platforms like Aave and Compound, where microloans are not feasible due to fees, Revuto unlocks the potential of microloans by using its native token as collateral, in exchange for Cardano-based stablecoins.
This means that users can maintain exposure to REVU while also accessing cash for subscription payments when needed, among other use cases.
REVU also serves as a governance token for the Revuto ecosystem, incentivizing holders to participate in REVU to earn revenue sharing rewards from the platform and acquire voting rights to decide on the future direction of the protocol.
Therefore, Revuto is designed to incentivize sustainable demand for REVU tokens and provide flexibility for users to manage their subscription payments.
Who are behind Revuto?
Revuto with a development team, led by CTO Marko Rukonic, a Silicon Valley Fintech (financial technology) and AI (artificial intelligence) guru with more than 25 peer-reviewed patents on financial transaction classifications.
Rukonic is the wizkid developer whose vision and many years of coding have been instrumental in bringing the platform to life.
However, the achievements that the CTO has had within Revuto would not be possible without the support of its highly experienced software development team, made up of experts from the crypto industry and members of the IOHK.
The first initial sale on Cardano
Scheduled for this May 18, the REVU token sale is the first to take place on the Cardano blockchain .
Two initial rounds of early booking will offer 11% of the total supply and will run through May 21.
An additional community sale consisting of 15% of the total supply will begin May 22 for 8 days.
The initial early booking round will be available at € 0.085 per token, the same price as the private sale, and the second early booking round and the final community sale will increase to € 0.09 and € 0.10, respectively.
The community round will have the shortest vesting period of three months, while the early booking rounds will require six to 12 months, the private round of 12 months and the team allocation will be the longest at 18 months, each of which will be published for another three months after the period of acquisition of rights, fulfilling the objectives set for a fair launch.
After the token sale, the first phase of REVU tokens will be launched for trading on Revuto dApp.
Initially, the only trading pair liquidity will be for REVU / ADA, with more trading pairs available after exchange partnerships, although the European CEX Electrocoin is already on board.
Using the Revuto ERC20 converter, the wrapped REVU (wREVU) tokens will also be introduced on the Ethereum network to allow the tokens to be exchanged on established decentralized exchanges such as Uniswap.
As Cardano DEXs come online, one can expect to find REVU tokens on those platforms as well.
Do you want more information? Visit to Revuto.
Linkedin: https://www.linkedin.com/company/revuto /