Cardano-based crypto project “Revuto” completes $1.7 million funding round
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Answer Cardano-based crypto project “Revuto” completes $1.7 million funding round
The “Revuto” crypto project has entered into a strategic partnership with Cardano and is expected to launch its decentralized application on the Cardano blockchain.
The two parties (“Revuto” and Cardano) aim to promote blockchain-based digital payments and run different subscriptions for different types of products including movies, music, cosmetics, food…
“Revuto” chooses Cardano:
Through the use of blockchain technology, “Revuto” allows its users to save money regardless of crypto market conditions, as they can subscribe to various services using the project’s debit card, the built-in wallet and the accompanying app.
Following the latest partnership with Cardano, Revuto will make it possible to use many of the original Cardano-based digital tokens in its wallet.
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Additionally, the project will be the first decentralized application (dApp) to be launched on the Cardano blockchain, and thus they plan to demonstrate the network’s ability to support large transaction volumes at low cost.
By using the Cardano blockchain in particular, Revuto will reduce the costs required for users to pay for their subscriptions.
For payments, it will support film, music, household goods, cosmetics, food and other types of bills.
REVU digital currency:
The statement indicated that “Revuto” has completed a special round of $1.7 million to support the development of the project.
The public sale of Revuto’s native cryptocurrency, REVU, will be launched today, May 18.
Participants in the Revuto ecosystem will receive coins as an incentive for their contribution.
Additionally, REVU will be used to secure additional features and benefits.
Some of these rewards include staking incentives, and users will also be able to use the coin for in-app microlending.
Commenting on the above developments, the CEO of Revuto commended the support his team has received from investment names such as BlackDragon VC.
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In addition, the CEO of “Revuto” believes that mass adoption of cryptocurrencies only comes if users are able to easily spend their digital currencies in daily life, adding, explaining:
With a large community around Revuto already out there and their interest in participating in the REVU sale, plans are made for the successful launch of the Revuto app.
This will bring crypto-backed subscription payments to a global audience, giving digital currencies the same benefit as fiat currency.
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