Revuto, a blockchain startup, launches eight exclusive staking pools. For the first time, Cardano users can attend ISPO on highly competitive terms in the Cardano ecosystem. Users will stake the new Cardano native token REVU to participate in the initial supply distribution.
Revuto has been a success and continues to grow
Through Cardano, Revuto will introduce the project to people familiar with the network and vice versa. Notably, Revuto confirmed the new partnerships as it formed alliances with Cardano builders.
2022 has been a great year for Revuto so far. The startup started the year collaborating with the best and most promising projects on Cardano. Consequently, they add their tokens to the farming pools to be staked in the Revuto Staking Center. Just last week, Revuto officially announced its partnership with DJED, Cardano’s algorithmic stablecoin issuer COTI.
Meanwhile, Revuto built on top of Cardano as an active subscription management dApp designed to help people save money on their subscriptions. In 2021, it raised $10 million in just 60 seconds through an ICO. Since then, the startup has garnered 3 million early signups for the app.
Revuto has more than 350,000 active users and over 60,000 Cardano wallets created. It was selected as the fastest growing consumer app at the World Blockchain Summit in Dubai. Revuto will most likely maintain this position through the new staking pools.
These Revuto pools offer unique rewards and competitive returns in the form of other native Cardano tokens. Revuto launched the REVU Staking Pools at the Revuto Staking Center in February. Then the startup introduced the SundaeSwap and VyFinance farming pools, which allowed its users to farm VYFI and SUNDAE tokens by staking from REVU.
Due to the overwhelming demand for REVU, the hard cap was filled in the first few days. Currently, almost 50% of the circulating supply is locked by the app’s staking pools.
Providing more benefits to users
Revuto is constantly looking for innovative ways to provide additional benefits to REVU members. Revuto will undoubtedly become a hot topic again in the Cardano community due to its recent relationship with Genius Yield. Users now have a unique opportunity to earn GENS tokens through the first ISPO of its kind.
Users can use REVU tokens within the Revuto APP to receive GENS tokens. Rewards will be issued as part of the initial distribution of GENS tokens. The most important aspect is that the Genius Yield ISPO incentives will be strengthened in the Revuto Staking Center. This means they are significantly more than the regular Genius Yield ISPO awards.
Note that GENS rewards collected through the Revuto Staking Center will be distributed after the 90-day staking period is over. Meanwhile, people delegating ADA in normal ISPO will have to wait 6-12 months after Genius Yield TGE to distribute GENS tokens.
Building Revuto to be the best
The company is currently preparing to launch its virtual debit cards to address subscription seasonality. Users will also be able to pay for subscriptions using native Cardano tokens.
Revuto will launch a fiat-to-crypto exchange later this year via the Revuto app and DeFi services. Consequently, consumers pay for subscriptions at a lower cost than FIAT. One of the most important developments in this regard will be the establishment of liquidity pools for microcredit lending and borrowing.
Revuto will also introduce a crypto industry first to allow customers to obtain unsecured microloans in crypto and use them to cover subscription fees. Revuto CTO Marko Rukonic, an AI specialist with nearly 30 peer-reviewed patents, is developing the setup. The configuration allows Revuto users to earn income by providing liquidity to other Revuto members.
On the other hand, others will be allowed to borrow cash from such pools to pay for their subscriptions even if they don’t have the necessary funds. More importantly, the ecosystem and tokenomics are built around a real-world use case, keeping Revuto’s state-of-the-art blockchain solution profitable regardless of cryptocurrency market circumstances.
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