Cardano-based active subscription management decentralized application (dApp) Revuto today announced its REVU token will listed on tier 1 centralized exchanges, KuCoin and Gate.io.
REVU Token to Be Listed on Tier 1 CEXes
With the listing, REVU, the native token of the Revuto dApp also becomes the first ever Cardano native asset to be listed on two major cryptocurrency exchanges, i.e, KuCoin and Gate.io.
Commenting on the development, Vedran Vukman, CEO and co-founder of Revuto, said:
“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.”
Notably, all retail investors will be able to buy and sell REVU on KuCoin and Gate.io from January 7 onwards.
Revuto is an active subscription management dApp built on Cardano to help people save money on their subscriptions. In May, through ICO, the company raised $10M in minutes and has received 3 million early sign-ups for the app until today. Starting from August, more than 300k users worldwide registered with the app making Revuto the fastest growing fintech startup in the world. As a result, Revuto won the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
At the moment, the company is preparing to launch its Virtual Debit Cards to manage subscription seasonality and allow users to pay for their subscriptions with Cardano native tokens. Later in the year, Revuto will introduce Defi services to help people pay for their subscriptions less than they would pay them with FIAT money. In that regard, one of the most significant announcements will be the launch of liquidity pools for micro-lending and borrowing. The setup will allow Revuto users to provide liquidity to other Revuto users and earn yield. In contrast, others will be allowed to borrow funds from those pools to pay for their subscriptions even if they don’t have the funds to do so. Most importantly, the ecosystem and tokenomics are designed around the real-world use case that allows Revuto’s cutting-edge blockchain product to stay sustainable regardless of crypto market conditions.