May 15, 2021 – Blockchain startup Revuto has concluded a $1.7 million private round to support its development of a crypto subscription payment solution.
The app also got 1 million sign ups in 14 days through their referral program.
A number of leading blockchain investors participated in the round which precedes the public sale for Revuto’s native REVU token on May 18. BlackDragon VC led the round, which also attracted several angel investors. Due to intense demand for allocation, Revuto was able to close its private round in the space of a week.
“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” said Revuto CEO Josipa Majic.
On the other side, BlackDragon is proud to assist Revuto and associate with them to perform their long run imaginative and prescient of disrupting the subscription economic system. “Their stellar workforce has proven unparalleled development in a really brief time – and we’re excited to affix the workforce on this journey and assist Revuto and their native token REVU. We make investments hours of devoted analysis to offer our neighborhood with the common ROI of 40x – and Revuto is precisely what we’re searching for” was introduced from the BlackDragopn workforce.
“With a big neighborhood having assembled round Revuto already and registered their curiosity in taking part within the REVU token sale, the stage is about for a profitable launch of the Revuto app. It will convey crypto-powered subscription funds to a world viewers, giving digital property the identical utility as fiat foreign money.”
The primary decentralized app (dApp) to launch on the Cardano blockchain, Revuto will exhibit the community’s potential to assist excessive transaction quantity at low price. Designed for the on-demand economic system, Revuto helps recurring funds for film and music subscriptions, family items, cosmetics, meals, and different varieties of repeat billing.
The REVU token will likely be used to align incentives between individuals within the Revuto ecosystem and to unlock extra options and advantages. It would additionally present staking rewards and be utilized for microlending throughout the Revuto dApp. The REVU public sale will happen on Revuto’s token sale portal on Could 18.
By leveraging Cardano native tokens and defi to pay for subscriptions, Revuto’s ecosystem is designed to avoid wasting folks cash no matter crypto market circumstances. Revuto customers can subscribe to providers utilizing the Revuto debit card, the built-in pockets helps Cardano-native tokens, and the accompanying app can be utilized to Block, Snooze or Approve subscription expenses as they happen.
Be taught extra: https://crypto.revuto.com/