Most of the digital products and services are created around a subscription-based model. While many people pay for monthly or even yearly subscriptions, they rarely use it for the entire duration, effectively losing out on a lot of money while the companies profit from it. Revuto is a project that is on the verge of changing it with the use of blockchain technology.
Revuto offers a one-stop solution for users to manage all their subscriptions. From keeping track of the trial period to renewing subscriptions whenever necessary and even monitoring the credit and debit cards connected to each subscription. In addition to offering users full control over their subscriptions, the platform offers a unique “Snooze” feature that allows them to defer payment on renewals by up to 7 days for any subscription managed over Revuto while continuing to enjoy the service.
Introducing DeFi to Subscriptions Space
Revuto is one of the few companies in the subscriptions space to introduce DeFi concepts. Based on the Cardano blockchain, the platform operates with REVU native token. The REVU payment ecosystem enables crypto payments for subscriptions along with micro-lending, token staking and liquidity farming features to incentivize participation. Other features include token rewards for referrals and cashback.
In addition to serving users on its own platform, Revuto provides its API to businesses and developers. Using the Revuto API, companies can enable customers to manage subscriptions from within their own app. By providing a transparent and flexible subscription management solution, businesses will be able to attract new users while retaining most of their existing customers, as they won’t have a reason to close their accounts on the account on unnecessary charges for products and services they occasionally use.
Revuto dApp
The Revuto dApp is the flagship product of the Revuto ecosystem that makes the subscription management process possible. Built on top of the Cardano blockchain and leveraging Plutus smart contract ecosystem, it offers a single, easy-to-use dashboard from where users can approve, block or snooze subscription charges as and when they occur. The dApp is integrated with REVU payment system that enables fiat and crypto-to-fiat swap payments towards subscriptions .
Some of the supported payment methods on dApp include Revuto managed virtual debit cards, REVU tokens and Cardano-native EURR stablecoin. Users can opt for either push or pull type payment option depending on whether they wish to manually authorize the payment on each billing cycle or not. In the case of pull payment option, they can set the transaction rules including payment option, subscription duration and maximum transaction limit on the connected Revuto wallet – a simple and secure wallet capable of supporting all Cardano-based tokens including REVU and EURR. The entire process is as simple as connecting a bank card to any subscription app.
REVU Token
The Cardano-based REVU token serves as a utility as well as a governance token within the Revuto ecosystem. With the total supply capped at 280,125,000 tokens, REVU is distributed through four distinct token sale stages – Private Round, Early Backers Tier 1, Early Backers Tier 2 and Community Sales Round. In less than 24 hours, on May 18th at 8 AM UTC, the first tier of the REVU token sale kicks off with a live Youtube event. But that’s not all: we’re pleased to reveal that there’s a special surprise in store for all participants in the Early Bird sale on May 18.
To all early bird T1 investors, Revuto will send a special NFT as proof that they were the first participants to have completed a token sale on the Cardano network. This is a historic event that, like the first Ethereum ICO or the first-ever NFTs, will attain hallowed status in years to come.
Once acquired, REVU can be used to pay for subscriptions at discounted prices, earn referral rewards, cashbacks and participate in DeFi features like Staking, Micro-lending and Borrowing.
The micro-lending and borrowing feature on Revuto provide users with access to liquidity in EURR for subscription payments against staked REVU tokens. The micro-loans are issued at 10% interest, and upon repayment, the EURR tokens are burnt, and collateral returned to the borrower.
Meanwhile, the governance feature on Revuto allows REVU token holders to submit protocol improvement proposals and vote on crucial ecosystem-related topics like token issuance and inflation rate, changes to total token supply, micro-loan fees, incentive structures, and community proposals.
Conclusion
Revuto is a revolutionary project that is addressing the real-issued faced by many internet users while providing them with the benefits of DeFi. Headed by a strong team, the project has already partnered with many platforms to provide quality service to its users. With Revuto, users can optimize their spending on subscriptions by paying only for the products and services they use and when they use them.
Learn more about Revuto at – https://crypto.revuto.com/
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