As well as the many other impacts to the consumer, the pandemic has prompted businesses to rethink the way they generate revenue, with the subscription model perhaps one of the biggest beneficiaries of these changes. In the last year alone, due to the success of Netflix and Spotify, many more businesses, some more unlikely than others, have moved to subscription models.
This includes the private bank Charles Schwab, rental car business Enterprise, and now even airline travel, with the app Wanderift. One blockchain based product has taken the subscription model to the next level, by offering clients a subscription management product that makes juggling and managing subscriptions easy. Revuto, which launched last year, has brought a product to market that utilizes the Cardano blockchain and smart contracts to give users the ability to manage all of their subscriptions from one dashboard.
It allows users to pause, start and stop any subscriptions or all subscriptions at the click of a button. It facilitates users who take advantage of free trials, by stopping them at the end of the trial, blocking any payments being taken automatically.
The benefits REVU brings
The REVU token sits at the core of the product and powers all activities. This token, which was recently offered publicly through a highly successful ICO, which raised $10 million in the first few minutes, is now being listed on the world’s leading centralized exchanges KuCoin and Gate.io.
These listings are a big step for the community members who already hold the tokens, allowing them to sell through these exchanges from the 7th January. And for those eager to hold a stake in this revolutionary FinTech product, it opens the gateway for them.
REVU holders can also get generous discounts on all of their subscription services through the dApp, then when compared to paying for these services in Fiat money. Revuto, which already boasts over 300,000 active users, within the first 4 months of launching, has big plans in the pipeline, which include adding other products to assist users with payments and to give them the chance to stake their tokens through liquidity and lending pools for passive returns.
According to the CEO and co-founder of Revuto, “We are proud to make history again with REVU, after being the first ICO, publishing the 1st Cardano lite wallet and breaking records with our growth – we are now the first to list on tier 1 CEXs, KuCoin and Gate.io. The process included multiple legal openings for our utility token, from top legal firms including both US and EU legislations, with audits being in process and led by the global leader blockchain security. We also partnered with Skynet Trading for institutional-grade liquidity solutions. Our ethos is to work only with the best; to ensure our customers and investors enjoy the best products and returns. It may take longer, and is often the more difficult way – but it’s the right way to build long term value”.
REVU is the first native Cardano token listed on CEXs
The listing marks the first ever Cardano native asset to be listed on CEXs, a milestone for Revuto. REVU holders can deposit their holdings into the exchanges from 6th January, and those interested in purchasing REVU can do so from the 7th January on both KuCoin or Gate.io.