“The process involved multiple legal openings for our utility token from leading law firms, including US and EU law, with audits ongoing and being led by the world’s leading blockchain security company.”
Revuto, the blockchain startup behind the REVU token, has announced that its digital asset will be the first Cardano-native coin to be listed on KuCoin and Gate.io, both of which are centralized tier 1 exchanges.
This is a major milestone for the subscription manager company named Fastest Growing Consumer Product in Crypto for 2021 at the World Blockchain Summit (WBS) in Dubai.
The company is responsible for the first mobile wallet and token sale on Cardano, bringing in $ 10 million.
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First ICO and mobile wallet on Cardano
Revuto has achieved record growth in the last four months since its launch and is now taking the lead again with the listing of REVU. From January 7th, all private investors can buy REVU on KuCoin and Gate.io.
Vedran Vukman, Chief Executive Officer and Co-Founder of Revuto, said: “We are proud to make history again with REVU, having been the first ICO, releasing the first Cardano lite wallet and breaking records as we grow – 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 leading law firms, including both US and EU law, with audits ongoing and led by the world’s leading blockchain security company,” continued Vedran.
“We have also teamed up with Skynet Trading to offer liquidity solutions on an institutional level. Our ethos is to only work with the best; to ensure our customers and investors enjoy the best products and returns. It can take longer and is often the more difficult path – but it is the right way to create long-term value. “
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2020 plans: Virtual Debit Cards and DeFi Services
Revuto is designed to help people save money on their subscriptions with their Cardano-based dApp. The May Initial Coin Offering (ICO) was an amazing success, raising $ 10 million in minutes.
The company has received 3 million early registrations for the app to date. Since August it has taken more than 300,000 users worldwide on board and 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 the seasonality of subscriptions and allow users to pay for their subscriptions with native Cardano tokens.
Revuto will later introduce defi services, including the introduction of microloan and microloan liquidity pools to allow users to provide liquidity to others and generate returns. In turn, borrowers can find liquidity from these pools to pay for their subscriptions even if they don’t have the funds to do so.