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REVU: why the first token to be sold on cardano could be a bomb?

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The REVU token is a multipurpose utility token that is native to the Cardano blockchain.

It is used to manage rewards and DeFi services through stakes, as collateral for loans on Revuto’s decentralized microloan and loan platform, and to align incentives between different user groups in the dApp.

REVU can be stored, received and transferred in Revuto’s crypto wallet, a secure and easy-to-use wallet that supports any Cardano-based token, including stablecoins.

The Revuto wallet has been designed to allow pre-authorized withdrawal payments from other Revuto wallet addresses and to support direct authorization with service providers.

REVU in the DeFi world how does it work?

In Revuto you can stake the REVU token to provide liquidity to others in the middle of microcredits.

Those who stake their REVU in liquidity pools will get a good APY.

On the other hand, those who borrow REVU will pay a monthly fee to do so.

In addition, those who want to use crypto to recharge the Revuto debit card will have the option to maintain and stake their REVU tokens as a guarantee to obtain a EURR stablecoin.

EURR is the first stable currency in Cardano and is pegged to the euro.

With EURR you can pay subscription fees, making hodl of REVU.

Once they pay the EURR + stablecoin fee, the REVUs can be recovered.

The REVU Tokenomy

The total token supply is limited to 280,125,000 REVUs.

The REVU tokenomy is configured to use up to 40% of the revenue generated from transaction fees and DeFi fees for token buybacks.

To ensure a fair launch, the token distribution was planned to be decentralized and efficient.

Tokens will be distributed to as many Revuto users as possible, and token holders will grow proportionally to market capitalization, ensuring that larger token holders do not have a significant share of the total supply, with limited price discrepancies. in the acquisition of the tokens.

However, priority will be given to users most willing to contribute to the success of the project, coming from a variety of backgrounds, including investors, early supporters, small token holders, and speculators.

Of the total REVU supply, 6% was allocated to private token sales, 26% to public token sales, 15% to the Revuto team, and the remaining 53% will be launched in phases over 39 months to start the platform and cover liquidity, cash back rewards, referrals and bets.

To help drive healthy ecosystem growth, Revuto will also periodically buy back REVU tokens using 40% of the protocol fees.

Depending on market conditions, REVU tokens will be burned or held in reserve to cover future rewards and divert value to token holders.

Once mature, Revuto will gradually move into community governance, allowing holders of the Cardano-based cryptocurrency to vote for the future of the platform.

The first initial sale on Cardano

Scheduled for this May 18, the REVU token sale is the first to take place on the Cardano blockchain.

Two initial rounds of early booking will offer 11% of the total supply and will run through May 21.

An additional community sale consisting of 15% of the total supply will begin May 22 for 8 days.

The initial early booking round will be available at € 0.085 per token, the same price as the private sale, and the second early booking round and the final community sale will increase to € 0.09 and € 0.10, respectively.

The community round will have the shortest vesting period of three months, while the early booking rounds will require six to 12 months, the private round of 12 months and the team allocation will be the longest at 18 months, each of which will be published for another three months after the period of acquisition of rights, fulfilling the objectives set for a fair launch.

After the token sale, the first phase of REVU tokens will be launched for trading on Revuto dApp.

Initially, the only trading pair liquidity will be for REVU / ADA, with more trading pairs available after exchange partnerships, although the European CEX Electrocoin is already on board.

Using the Revuto ERC20 converter, the wrapped REVU (wREVU) tokens will also be introduced on the Ethereum network to allow the tokens to be exchanged on established decentralized exchanges such as Uniswap.

As Cardano DEXs come online, one can expect to find REVU tokens on those platforms as well.

What is Revuto?

Revuto is a dapp that allows you to save money on subscription service charges.

This is achieved thanks to the fact that it offers the possibility of sending instant notifications to approve, block or postpone charges for subscriptions or any other type of payment that is pending.

It is the first application based on Cardano, with the full support of the Cardano Foundation and IOHK, and it is basically the next logical step in the evolution of cryptocurrencies as it is a means to use digital currencies to pay for the needs of the world. real.

Revuto was born to solve a very common problem in today’s society: surcharges in the payment of subscription services.

As it does?

Subscriptions and recurring payments are made on the platform using Revuto’s virtual debit cards.

For this REVU is key, since these cards make use of said token, together with the stablecoin based on Cardano EURR.

By connecting payments with cryptocurrencies, users gradually unlock more REVU features.

Also, unlike DeFi platforms like Aave and Compound, where microloans are not feasible due to fees, Revuto unlocks the potential of microloans using REVU as collateral, in exchange for Cardano-based stablecoins.

Thus, users can maintain exposure to REVU while accessing cash for subscription payments when necessary, among other use cases.

The cryptocurrency also serves as a governance token for the Revuto ecosystem, incentivizing holders to participate in REVU to earn revenue-sharing rewards from the platform and acquire voting rights to decide on the future direction of the protocol.

Therefore, Revuto is designed to incentivize sustainable demand for REVU tokens and provide flexibility for users to manage their subscription payments.

Do you want more information? Visit to Revuto.

Website:  https://crypto.revuto.com/
Telegram:  https://t.me/revuto
Twitter:  https://twitter.com/get_revuto
Linkedin:  https://www.linkedin.com/company/revuto /
Facebook:  https://www.facebook.com/revuto/

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