Cardano is one of the first ever Proof-of-Stake chains, offering a revolutionary take on the blockchain, one which allows users to stake their tokens in return for rewards. A far cry from the gas guzzling Bitcoin chain, which works on the Proof of Work mode. Cardano’s other main feature is the fact that it deploys smart contracts to conduct far more sophisticated transactions and activities than that of Bitcoin. Revuto was Cardano’s first ever dApp, a subscription management product that was launched at exactly the right time.
User digital patterns, which have accelerated fast since the pandemic, have seen many platforms and services transitioning their models to that of a subscription basis. This comes in light of the success of Netflix, HBO, Spotify and other products. In fact for the consumer, subscriptions are becoming a fundamental part of their daily dealings as companies like Microsoft move their packages from a buy it once to a pay monthly approach. On top of this, many online media companies offer users free trial sessions of their services, but the user must first give their credit card details. After the free trial expires, the users may forget to cancel the service and this is what companies like Amazon Prime and others rely on.
Revuto uses the blockchain to provide a package where users can manage all of their subscriptions from one dashboard, allowing them to pause, stop and restart their subscriptions simply and intuitively. Revuto offers its native token, REVU, to members in order to save money on subscriptions. So desirable is this token, that Revuto sold $10 million worth of the token within minutes of launching its ICO. Now Revuto has announced that for the first time for any Cardano token, it is listed on both Gate.io and KuCoin. This is big news for those that missed out on the ICO as it gives them a second chance to get the tokens. For those that did manage to get the tokens during the ICO, they will now be able to deposit them into these exchange accounts.
Users can deposit their REVU into their exchange accounts from 6th January and the tokens will be available on Gate.io and KuCoin from the 7th January. For those people that believe the subscription based model is here to stay, this represents a real opportunity to be a stakeholder in the first and most successful blockchain subscription service and indeed the most popular FinTech product ever.