As most of you already know, Revuto is a subscription management dApp built on the Cardano blockchain that helps people to save money on their subscriptions, and at the same time earn cashback in REVU tokens.
In May 2021 Revuto raised $10M in few minutes during the first ICO in history on the Cardano blockchain and received over 3 million early sign-ups for the app. With over 350k registered users worldwide Revuto was named the fastest growing fintech startup in the world. As a result, Revuto won the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
At the moment, Revuto is preparing to launch subscription manager with Virtual Debit Cards that will allow users to manage and pay for their subscriptions with Cardano native tokens. Issuing Physical Debit Cards will come during a later phase. Revuto is also working on a Fiat-to-Crypto exchange within the Revuto app, and later in the year Revuto will introduce DeFi services within the Revuto mobile app.
In that regard, one of the most significant features will be the launch of liquidity pools for micro-lending and borrowing. The setup will allow Revuto users to provide liquidity to other Revuto users and to earn yield. In contrast, others will be allowed to borrow funds from those pools to pay for their subscriptions even if they don’t have the funds to do so. Thanks to our CTO Marko Rukonic, an awarded AI expert with almost 30 patent, Revuto will be the first in the world to introduce UNCOLLATERALIZED micro-loans, a feature never seen in the crypto space before.
Revuto also launched R Fund, with initial allocation of $2 million dollars for supporting new projects on Cardano. Revuto users will soon be able to stake ADA and REVU tokens in R Fund staking pools to earn yield and to participate in the initial distribution of supply for new Cardano tokens.
The company is dedicated to providing a mobile first, superior consumer experience making DeFi simple and intuitive for everyone. Revuto has already developed and released the first native Cardano mobile wallet which has been created over 50k times until today.
We already launched Revuto Staking Center within the Revuto app where you can earn Cardano-native tokens by staking REVU, and we will soon launch the first ISPO model where Revuto users will be able to stake REVU in the Revuto Staking Center within the Revuto app, and rewards will be distributed as a part of the initial distribution of GENS tokens.
Most importantly, the ecosystem and tokenomics are designed around a real-world use case that allows Revuto’s cutting-edge blockchain product to grow and capture market share, despite seasonal changes in the crypto sentiment.
We have been supporting other Cardano DeFi projects since day one, and since we contribute to whole Cardano ecosystem, we believe liquidity pool for ADA-REVU pair should be added to current farms on the Minswap DEX. Revuto (REVU) is already listed on Kucoin, Gate io, BitMart, and other decentralized exchanges on Cardano so this would be a great way to incentivize our community to provide liquidity and to use Minswap DEX.