Revuto and its REVU token prepare to crash the market with its public sale


Revuto is a decentralized application, built on the Cardano blockchain, with scalable infrastructure, which aims to help people save money, through the use of cryptocurrency debit cards supported by stablecoins and Defi.

The dapp allows users to take control over what, when and how they pay for their subscriptions through a single panel, obtaining refunds and other rewards in REVU tokens, offering various use cases.Advertising

Its native cryptocurrency, REVU, is of great importance within the platform.

It is a multipurpose utility currency, native to the Cardano blockchain, which serves to fulfill each of the functions that the platform allows : managing rewards and decentralized finance services (DeFi), as well as making payments for services.

But, its main function is that its holders save money on subscription fees, compared to using fiat money, when using Revuto.

As it does?

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.

All payments in one place

Revuto leaves its competition behind by being the first subscription management service to use cryptocurrency payments .

That is, with the dapp you can pay subscriptions to online services such as Netflix, Amazon Prime and Spotify using digital currencies. And this is only during its first phase, because the list will continue to increase over time.

The whole process will depend, in principle, on already established payment processors to execute cryptocurrency exchanges to fiat and process fiat transactions.

Although they will later acquire a payment processor license to eliminate these third parties, reduce friction and lower costs for users, according to their roadmap.

Through their virtual card, Revuto users will be able to make all subscription payments and will be able to manage subscriptions through a simple panel to enable and disable with the click of a button within the dapp.

Also right there, users will be able to categorize subscriptions and set spending limits , customize notification reminders, postpone payments for as long as possible without suspension of service, and even share subscriptions and charges with other members to maximize available packages.

All this along with an option to earn cash, through REVU tokens, for enabled subscriptions, unlocking additional features along the way.

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.

The first initial sale on Cardano

The REVU token sale, the first to take place on the Cardano blockchain, is scheduled for May 18.

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.

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.

Links of interest

Web page

Leave A Reply

Your email address will not be published.

three × five =