Revuto, an innovative project backed by BlackDragon VC, will soon launch its dApp on the Cardano network. The dApp is designed to help consumers save money and efficiently manage their subscriptions from a single dashboard.
Revuto Lands $1.7 Million From Private Token Sale
As the subscription market grows at a rate of 100% YOY, the demand for a robust solution for managing subscriptions and payments is at its peak. From free trial lures to overly complicated cancellation policies, it gets difficult and exhausting to keep track of multiple subscriptions.
At present, nothing much has been done to address these concerns. However, Revuto’s decentralized platform will revolutionize the subscription-based economy. Built on the Cardano blockchain, Revuto’s dApp enables users to use their crypto holdings to pay for real-world expenses. It includes a single-dashboard subscription management solution that helps users control their subscription-related recurring expenditures.
Revuto, supported by noted blockchain R&D companies, angel investors, VC firms, Cardano’s developer, and the global Cardano community, will open its public token sale on May 18. And just days before the upcoming sale, Revuto has successfully raised $1.7 million from its private token sale round. The private round, led by BlackDragon, witnessed massive participation from renowned investors within the blockchain ecosystem.
With more than a million early registrations for Revuto’s dApp, the BlackDragon team, remarked, “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.”
The Revuto dApp is designed to maximize the value of ongoing subscriptions by simplifying the process of sending payments while delivering protection from hidden fees and subscription charges for services no longer being utilized. It helps users save money by allowing them to approve, block or snooze subscription charges as they occur. Powered by REVU and ADA tokens, Revuto dApp will support high-volume transactions while charging the lowest gas fees.
In addition, to enhance control over subscription management, Revuto will also offer REVU token holders incentives, additional benefits, and offers. Users can even stake their tokens in liquidity pools to generate returns and use the DeFi micro-lending feature to benefit from the platform.
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2021-05-18 13:28:24
