Revuto is a dapp that allows you to save money on subscription service charges.
This is achieved thanks to the fact that it offers the possibility of sending instant notifications to approve, block or postpone charges for subscriptions or any other type of payment that is pending.
That is, using Revuto will be as easy as subscribing, controlling and paying with cryptocurrencies.
REVU is 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 asset is that its users save money on subscription charges, compared to using fiat money.
REVU can be stored, received and transferred in Revuto’s crypto wallet, a secure and easy-to-use wallet that supports any Cardano-based token, including stablecoins.
The Revuto wallet has been designed to allow pre-authorized withdrawal payments from other Revuto wallet addresses and to support direct authorization with service providers.
This is how Revuto works
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.
Also, unlike DeFi platforms like Aave and Compound, where microloans are not feasible due to fees, Revuto unlocks the potential of microloans using REVU as collateral, in exchange for Cardano-based stablecoins.
Thus, users can maintain exposure to REVU while accessing cash for subscription payments when necessary, among other use cases.
The cryptocurrency 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.
Stakes, microloans and more DeFi services
Revuto Defi will allow to request microloans, which will provide easy access to liquidity, granting a more efficient management of cash flow and subscription payments.
REVU token hodlers can gain quick access to working capital, denominated in stablecoins, allowing micro-borrowers to pay subscriptions and other recurring payments on time, without having to liquidate their holdings of the native cryptocurrency.
Rather, they will use REVU as collateral at a 2:1 loan-to-value ratio.
This helps them retain exposure while accessing cash for subscription payments when needed, then repaying the loan at a fixed interest rate and helping reduce the problem of missed charges.
Users can even borrow REVU from liquidity funds to pay for subscriptions, even at times when their REVU balance is zero.
This form of microcredit can be implemented at any scale without permission, avoiding invasive credit checks or discriminatory policies to boost startups.
It can provide stablecoin loans on demand to industries and individuals that lack access to the traditional system, provided they have sufficient collateral.
To all this is added the stake service of the REVU token, to provide liquidity to others in the middle of microcredits.
Those who stake their REVU in liquidity pools will get a good APY.
While those who borrow the REVUs will pay a monthly fee to do so.
In addition, those who want to use cryptocurrencies to recharge the Revuto debit card will have the option to hold and stake their REVU tokens as collateral to obtain a EURR stablecoin, a stable cryptocurrency linked to the euro, which makes life on the Cardano network.
With EURR you can pay subscription fees, making hodl of REVU.
Once they pay the EURR + stablecoin fee, the REVUs can be recovered.
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 REVU Tokenomy
The total token supply is limited to 280,125,000 REVUs.
To ensure a fair launch, the token distribution was planned to be decentralized and efficient.
Tokens will be distributed to as many Revuto users as possible, and token holders will grow proportionally to market capitalization, ensuring that larger token holders do not have a significant share of the total supply, with limited price discrepancies. in the acquisition of the tokens.
However, priority will be given to users most willing to contribute to the success of the project, coming from a variety of backgrounds, including investors, early supporters, small token holders, and speculators.
Of the total REVU supply, 6% was allocated to private token sales, 26% to public token sales, 15% to the Revuto team, and the remaining 53% will be launched in phases over 39 months to start the platform and cover liquidity, cash back rewards, referrals and bets.
To help drive healthy ecosystem growth, Revuto will also periodically buy back REVU tokens using 40% of the protocol fees.
Depending on market conditions, REVU tokens will be burned or held in reserve to cover future rewards and divert value to token holders.
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.