“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”
Revuto, the blockchain startup behind the REVU token, has announced that its digital asset will be the first ever Cardano native coin to be listed on KuCoin and Gate.io, both tier 1 centralized exchanges.
This is a major milestone for the subscription manager company that has been named the Fastest Growing Consumer Product in Crypto for 2021 at the World Blockchain Summit (WBS) in Dubai.
The firm is responsible for the first mobile wallet and token sale on Cardano, raising $10m in the process.
First ICO and mobile wallet on Cardano
Revuto has achieved record growth in the past four months since its launch and is now once again leading the way by listing REVU. Starting from January 7th all retail investors can buy REVU on KuCoin and Gate.io.
Vedran Vukman, Chief Executive Officer and co-founder at 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”, Vedran continued.
“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”.
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Plans for 2020: Virtual Debit Cards and DeFi services
Revuto is designed to help people save money on their subscriptions with its dApp built on Cardano. Its initial coin offering (ICO) in May was an astonishing success, with $10M raised in minutes.
The firm has received 3 million early sign-ups for the app until today. Since August, it has onboarded more than 300,000 users worldwide and, as a result, Revuto won the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
The company has big plans for 2022, including the launch of its Virtual Debit Cards to manage subscription seasonality and allow users to pay for their subscriptions with Cardano native tokens.
Revuto will later introduce Defi services, including the launch of liquidity pools for micro-lending and borrowing so that users can provide liquidity to others and earn yield. In exchange, borrowers can find liquidity from those pools to pay for their subscriptions even if they don’t have the funds to do so.
