While the subscription-based economic model has enabled businesses to tap into constant and predictable revenue streams, managing multiple subscriptions is quickly becoming complicated for consumers. At the same time, businesses are increasingly (and intentionally) making unsubscribing difficult, making it even more difficult for consumers to keep a tab on their subscriptions and related payments.
With the subscription economy growing at a rate of 100% year-over-year, the need for an end-to-end subscription management solution is at its tipping point. Blockchain startup Revuto recently introduced the first dApp built on the Cardano blockchain in the subscription space to address this pain. The Revuto dApp harnesses the power of Cardano to offer users more control over their subscriptions and related payments.
Taking its mission to solve real-world problems using blockchain technology while accelerating mainstream adoption, the Revuto team has announced the listing of its native REVU token on two of the leading centralized exchanges. According to the official statement, the REVU token will be listed on Gate.io and KuCoin at the same time on January 7, 2022, marking the first instance where a Cardano-native asset lists simultaneously on two prominent exchanges.
Cardano-Native Token Brings A World Of Opportunities For Users
With this CEX listing, retail users will purchase the REVU token via these exchanges, helping Revuto dApp widen its customer base. Using the Cardano-native REVU token, users will be able to pay for their subscriptions using crypto. The Revuto dApp also allows users to approve, block, and snooze subscription services and payments as and when needed – all of it from a single dashboard.
The REVU token will be at the heart of the Revuto ecosystem, enabling users to pay for their subscriptions or take advantage of multiple yield generation opportunities, cashback, and rewards. It can also be used as collateral to access micro-loans on the Revuto dApp’s DeFi features like microlending and borrowing. Besides its use for subscription payments and yield generation, the REVU token will play a crucial role as the Revuto ecosystem’s governance token through staking.
Furthermore, Revuto’s ecosystem is designed to be sustainable regardless of crypto market conditions, granting users the added flexibility of managing and paying for subscriptions without the constant concern about volatility. Since its inception, the platform has already amassed a substantial user base, winning the coveted award for the fastest-growing consumer product at Dubai’s 2021 World Blockchain Summit.
Commenting on the CEX listing, Vedran Vukman, CEO and co-founder of Revuto, comments, “We are proud to make history again with REVU! After being the first ICO, publishing the 1st Cardano lite wallet, and breaking records with our growth – 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 top legal firms including both US and EU legislation, with audits being in process and led by the global leader blockchain security.”