Wrapping up a successful private token sale round worth $1.7 million, Revuto progresses on its roadmap of delivering Cardano network’s first dApp to help users quickly manage multiple subscriptions and earn rewards in the process.
Innovative dApp Aims To Streamline Subscription Experience
The last few years have witnessed the rise of the subscription-based business model. Many digital offerings embrace the same model, whether streaming apps, online book readers, apps and software. With this comes the problem of managing your active subscriptions, canceling the ones you don’t need, and keeping track of the subscriptions that are draining your wallet.
Revuto, a blockchain startup, has an innovative solution to address all of these problems while incentivizing users. The team behind the Revuto dApp leverages crypto and DeFi services with subscription payments to allow users to control what, why and when they’re paying to vendors.
Josipa Majic, CEO of Revuto, said:
"We’re grateful to our private investors, including BlackDragon, for believing in Revuto’s team and tech, and for sharing our vision of making crypto spendable in everyday life. Having the right funding and investor that backs our long term vision is crucial, hence we are delighted to achieve this milestone and excited for times ahead."
Revuto’s novel idea has already attracted more than a million early sign-ups. It recently concluded a fully-booked private token sale within a week, raising $1.7 million from renowned blockchain investors and firms. BlackDragon, one of the most prominent VC firms within the blockchain ecosystem, is aligned with Revuto’s vision for a simplified subscription management solution and led the private round.
As per the BlackDragon team:
"Their stellar team has shown unparalleled growth in a very short time - and we're excited to join the team in this journey and support Revuto and their native token REVU. We invest hours of dedicated research to provide our community with the average ROI of 40x - and Revuto is exactly what we are looking for."
Revuto’s dApp is designed for the Cardano blockchain, a highly scalable and fast network with low transaction charges. The application is designed for today’s on-demand market, enabling users to pay for real-world expenses using cryptocurrency for several services, including media and streaming, food and groceries, SaaS and more.
The platform utilizes its native REVU token to power all transactions. It also uses the tokens to reward users and support the DeFi microlending feature. Besides, token holders are also eligible for additional benefits, such as earning incentives by staking their REVU coins in liquidity pools. Following its upcoming token sale, the team behind Revuto will launch the dApp and roll out more features over the latter half of 2021.