What is Revuto (REVU)?
Revuto is a platform created to help people manage their subscriptions in one place, giving them the privacy and protection that blockchain technology offers. It is also a platform where cryptocurrencies, DeFi, and NFTs combine on an easy-to-use user interface with the ultimate purpose of educating and introducing non-crypto users to decentralized finance and NFTs.
Revuto is built and deployed on the Cardano ecosystem. It leverages its native token REVU and DeFi to pay for subscriptions while saving money for its users regardless of prevailing crypto market conditions. On the price chart above, you can see the current REVU price and its latest movements.
The platform has an inbuilt crypto wallet that supports Cardano-based native tokens. The wallet is designed in a way that allows pre-authorized payments from other Revuto wallet addresses and it supports direct authorization from the service provider.
Overall, Revuto is a simple and secure solution that makes it easier to manage subscriptions such as music, TV shows, audiobooks, and more, on a single dashboard via a decentralized mobile application.
Use Cases of REVU Tokens
REVU is the native token of Revuto. For starters, the REVU coin is used to reward community members and users of the platform.
REVU crypto asset can also be used to provide liquidity to the protocol thereby earning more yields on it. Users can stake and lock their tokens in smart contracts for a certain period of time while getting a loan via stablecoins to pay for their subscriptions. Thus, the REVU token is used for micro-lending and borrowing. Users who engage in lending activities earn more tokens via repayments. The token can serve as a form of collateral when borrowing for other subscription services.
Finally, the REVU token is utilized as a governance token in the Revuto ecosystem. Holders of REVU coins get to make decisions on the direction of the project, submit protocol improvement proposals, and vote on various issues.
Recall that you can check the latest Revuto price on the live price chart above.
Who Founded Revuto?
Revuto was founded by Vedran Vukman and Marko Rukonic in early 2021. Vedran is the founder and CEO of the company. He is an avid investor in crypto and start-ups, with years of experience in building and growing various projects. Rukonic is the co-founder of Revuto who also serves as the CTO of the project. Marko is experienced in building financial software.
There's also Josipa Majic who works with strategy and communications and Boris Juric who is the Chief Operating Officer (COO).
Tokenomics of REVU
The maximum supply of REVU tokens is 280,125,000. In terms of distribution, 53% was allocated to the project, 6% to private sales, 11% to early backers, and 15% to the community. The remaining 15% was reserved for the team and its advisors. These allotments came with strict vesting schedules. This was designed to ensure the REVU price stability and growth. You can always check the live Revuto price above.
