ZoneBitcoin EditorialReputo is the very first app based on Cardano and which therefore indirectly gives a certain boost to the latter. The goal of Revuto is to enable businesses to use recurring subscription payment systems. In the same way that we pay for many services each month (from our internet subscriptions to Netflix and other online services).
We don't need to elaborate for long to understand the whole issue of releasing a service like Revuto.
To explain it simply: tell yourself that the credo of the application,is to give you an overview of all your subscriptions (from your Dropbox to Netflix subscriptions) and to be able to manage them in one click.
Do you no longer want to subscribe to Netflix this month because you will be on vacation or you have had enough? Cut your subscription with a simple click. Finally, you miss it and you want to find your access? Nothing could be simpler, resubscribe in one click.
In short, with Revuto, we only pay for what we really use and we stop procrastinating or being too lazy to log into our respective accounts to desperately try to cancel.
Presentation of Revuto
You should know that in blockchain, this is still a completely new service. Even if there are other companies working on a solution, the fact that Revuto is reviewed by Cardano gives it some edge, one might say (at least, in terms of credibility).
To face the competition, Revuto wants to provide new original features. For example, with Revuto, you can exchange subscriptions with other friends. Let's say you subscribe to Netflix and your friend has an HBO account, well, you can exchange them between them and then benefit from another subscription, without needing to subscribe.
Revuto was founded in 2020 by 3 people: Josipa Majic (who comes from the fintech industry), Vedran Vukman and Marko Rukovnic, specialized in AI).
They said they had the idea to create Revuto when they saw that it was complicated to unsubscribe. You had to log in to your account, look for the always well hidden unsubscribe button, etc. This is how they wanted to simplify the process of unsubscribing and subscribing.
For them, we should all be able to unsubscribe with just one click. They said it, they did it.
Likewise, very often, what happens is that we are offered a free first month and then we are charged. Cancellation policies are generally very well designed to ensure that the customer loses out if he or she does so late. In fact, we forget this subscription and very often, we find ourselves paying for a subscription that we don't even use. Here again, this is a major problem that is solved with Revuto.
What you can do with Revuto
You must first download the mobile application, you have already done most of the work. There, you simply have to add your subscriptions of your choice. You can simply choose the subscriptions you already have.
In any case, on the application, there are all possible subscriptions. Netflix, HBO, Spotify and even professional DropBox-type subscriptions.
To understand the Revuto mechanism, understand that Revuto will create virtual debit cards which will be associated with each subscription.
What's great (it must be said) with Revuto is that you can perform these three actions for each subscription.
- Block subscription
- Continue subscription
All on the same application. No need to go to your respective accounts and manage your subscriptions. No, on Revuto, everything is done in a single application. This is definitely the huge advantage of using Revuto to put it bluntly.
It is even the only solution at the moment which allows such an automated planning service for all the subscriptions that we have.
Revuto’s business model?
When you are interested in any company, you must always observe its business model, especially when you want to invest in it.
Revuto has several sources of financing. On the one hand, if only for the payment of subscriptions, it will charge transaction fees like any bank card. As Revuto works on Cardano, the fees will be much lower than with a traditional bank card, you will agree.
On the other hand, to retain its users, Revuto has thought of everything. When users pay for their subscriptions through the app, they will earn rewards like crypto cashback. Likewise, you can also stake your REVU tokens to generate returns and ultimately pay for your subscriptions with them. In addition to these services, users will be able to benefit from lending and borrowing services.
It is for all these services that Revuto thought about creating a REVU token and a stablecoin as well. Let's see about that.
The REVU token the Stablecoin EURR
The Revuto app is simple and secure and supports all Cardano-based tokens. Among these, we will focus here on REVU of course and the stablecoin based on the euro, EURR.
To pay for subscriptions, users can pay in stablecoin or REVU.
The REVU token is a native token of the Cardano blockchain and serves two main purposes:
- Governance token for the entire ecosystem. It can also be used for staking and as a guarantee token with loans/borrowing on the platform.
- As collateral for micro-loans/borrowings on Revuto's decentralized platform
- Pay for various subscriptions.
- Staking (You can lock your tokens for 6,12 or 18 months and generate passive income with it).
Wondering how to get REVU tokens?
You should know that at the time of writing this article (May 24), the application is under development. This is also why so many investors are literally flocking to this application.
Well, after the end of the pre-sale, know that there will be ERC-20 tokens from REVU (adapted on the Ethereum network), wREVU will then be available on DEXs of type Uniswap.
When the app is officially launched, we will also be able to obtain it directly from it and do staking etc.
Also, you can now obtain 10 REVU tokens for free by registering on the official site.
If you want to become a user, it will always be a win ;)
Final word on Revuto
Revuto, although it is a fairly recent company, is already enjoying tremendous success. They obtained more than 1 million registrations in two weeks of launch. Word of mouth, good communication, a well-rounded marketing campaign and above all a useful service. These are the reasons for success.
In addition, remember that Revuto is a free and easy to use application. The ultimate combo indeed.
Beyond ordinary users like you and me, the company also attracts many investors.
An initial fundraiser allowed them to raise $1,7 million. The second fundraising which also allowed them to sell the native REVU token on Cardano has been launched since May 18. Today the fundraising is finished and we are following the roadmap for the next official release of the application.
We invested in this token as we believe that it will be a profitable startup. That said, it is an investment that can certainly be very profitable (because we are only at the beginning) but also more risky (precisely because it is still the beginning of the company...Keep that in mind).
That being said, we are also going to use it as a customer, because very clearly, we have way too many unnecessary subscriptions and we needed an app like this. Being able to pause certain subscriptions and resume them whenever we want. Yes, it’s a useful service, that’s a fact.
And you?
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Disclaimer: This is not financial advice! Take responsibility and research the projects that interest you. Generally speaking, only invest amounts you can afford to lose.
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