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 support Revuto and partner with them to accomplish their long term vision of disrupting the subscription economy. “Their stellar team has shown unparalleled growth in a very short time – and we’re excited to join the team in this journey and support Revuto and their native token REVU. We invest hours of dedicated research to provide our community with the average ROI of 40x – and Revuto is exactly what we are looking for” was announced from the BlackDragopn team.
“With a large community having assembled around Revuto already and registered their interest in participating in the REVU token sale, the stage is set for a successful launch of the Revuto app. This will bring crypto-powered subscription payments to a global audience, giving digital assets the same utility as fiat currency.”
The first decentralized app (dApp) to launch on the Cardano blockchain, Revuto will demonstrate the network’s ability to support high transaction volume at low cost. Designed for the on-demand economy, Revuto supports recurring payments for movie and music subscriptions, household goods, cosmetics, food, and other types of repeat billing.
The REVU token will be used to align incentives between participants in the Revuto ecosystem and to unlock additional features and benefits. It will also provide staking rewards and be utilized for microlending within the Revuto dApp. The REVU public sale will take place on Revuto’s token sale portal on May 18.
By leveraging Cardano native tokens and defi to pay for subscriptions, Revuto’s ecosystem is designed to save people money regardless of crypto market conditions. Revuto users can subscribe to services using the Revuto debit card, the built-in wallet supports Cardano-native tokens, and the accompanying app can be used to Block, Snooze or Approve subscription charges as they occur.
Learn more: https://crypto.revuto.com/