The progress on Cardano's Alonzo hard fork seems to be moving ahead slowly and surely. This means that smart contracts could be fully functional by next month. Honestly, it`s about time! 😅 Today, the first dApp on Cardano called REVUTO has been released and is available in app stores.
The best thing is that those of you who have read my post Stop Subscriptions From Stealing Your Hard-Earned Satoshis with Revuto And Get Your first 10 $REVU For FREE! 🔥 and signed up for the early bird waitlist can now claim their free 10 $REVU tokens!
What is Revuto?
Free-trial traps, hidden and over-complicated unsubscribe procedures are literally stealing your hard-earned Satoshis. Subscription payments are easy to set up but mostly hard to cancel. Revuto is here to put an end to this.
Revuto is a one-stop solution for all your subscriptions that lets you approve, block, or snooze your payment for any service like Netflix or YouTube Premium in seconds.
$REVU Token & Waitlist Bonus
$REVU is Revuto´s native token that will be running on the Cardano blockchain. The main incentive for holding $REVU tokens is to save your money while paying for your subscription charges. The trading of $REVU on exchanges will start in September this year.
To take full advantage of the app and to unlock your tokens from the waitlist, you need to do a KYC. For the KYC you will need to take a selfie, a picture of a legal document containing your picture, and proof of address!
Keep in mind that the app has just launched for those who joined the waitlist and that it is not fully functional yet. There is a possibility that you will not be able to do KYC right in the beginning, and REVUTO will gradually allow users to verify in tranches. This is to ensure that REVUTO`s and 3rd party servers don't break due to high demand. There is plenty of time until significant events like token unlocking and trading, so there is no need to worry.
The Revuto Wallet
Revuto will also release its own crypto wallet. Revuto's crypto wallet will be a simple and secure wallet that supports Cardano-based tokens, including $REVU tokens and the $EURR stablecoin by default. Revuto's crypto wallet allows preauthorized pull payments from other Revuto wallet addresses and supports direct authorization with the service providers.
A DeFi micro-lending option to borrow and lend will also be implemented. So, Revuto´s wallet is more going to be like a digital bank than a simple wallet, supporting recurring payments for all the goods and services you are using.
My Final Words
As one of the first projects to launch on the Cardano Blockchains, the expectations are high for Revuto. It is a unique project with a real usecase.
Of course, a KYC requirement is always a pain in the ass but it is how it is and it is totally up to you if you want to do it or not.
At the end of my post, I like to remind you as always that my intention in this post is to raise your awareness of Revuto. My intention is not to replace your own research.
I just hope I could provide you with some interesting and useful information about Revuto.
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