REVU Token’s Dual-Listing To Mark A New First For Cardano-Native Assets
Cardano-based fintech startup Revuto will list its native token REVU on leading centralized exchanges Gate.io and KuCoin on January 7th, 2022, marking the first instance where a Cardano-native asset will join two CEXs at the same time.
The REVU token is the core of the Revuto dApp, the first dApp built on the Cardano blockchain. It will serve as the governance token for the Revuto ecosystem while allowing users to earn yield via staking and access micro-loans and other DeFi services on Revuto’s dApp. Additionally, the REVU token will also play a key role in enabling users to make payments for their subscriptions, helping them save money compared to fiat payments.
With the CEX listing of the REVU token, retail investors will be able to enter the Revuto ecosystem and access the wide range of DeFi services offered by the Revuto dApp alongside its primary subscription management services.
Revuto CEO and Co-founder Vedran Vukman declares, “We are proud to make history again with REVU, after being the first ICO, publishing the 1st Cardano lite wallet and breaking records with our growth – we are now the first to list on tier 1 CEXs, KuCoin and Gate.io…Our ethos is to work only with the best; to ensure our customers and investors enjoy the best products and returns. It may take longer, and is often the more difficult way – but it’s the right way to build long-term value.”
The Blockchain-Powered Subscription Management Solution
Designed for today’s expanding on-demand economy, Revuto supports recurring payments for subscriptions covering a wide range of categories. The Revuto dApp leverages the Cardano blockchain, a third-gen blockchain network that supports high transaction volumes at a fraction of cost compared to other existing blockchains.
With the meteoric growth of the subscription economy, mainstream businesses are increasingly transitioning to the subscription model. At the same time, consumer behavior is also changing from the one-time fee model to subscriptions. Revuto overcomes the hurdles that make subscriptions less usable at scale as a subscription management solution.
Amidst all of this, most users find the unsubscribing process hard to navigate, forget to stop their ongoing subscriptions, or fall prey to hidden charges. At its core, the Revuto dApp solves all of these problems using blockchain technology to protect consumers from the unwanted consequences of subscriptions.
The Revuto dApp offers a single dashboard where users can add all their subscriptions and control them quickly and effectively. The dApp empowers users to enable, disable, and manage their subscriptions on the go without dealing with multiple passwords and the complexities of multiple fiat payments.
The core functionalities of the Revuto dApp include issuing Revuto VDCs (Virtual Debit Cards) for each subscription, the option to manage subscriptions from a single dashboard in their entirety, the possibility of topping up VDCs with REVU tokens, sending and receiving REVU tokens through the built-in REVU wallet, and much more. Furthermore, the Revuto team will also roll out multiple DeFi initiatives for the platform as part of its roadmap, with services like microlending, liquidity pooling, and staking, helping users generate additional yields while managing their real-world subscriptions.