On September 29th 2021, our community had a chance to welcome Revuto – Revuto (https://crypto.revuto.com/ ) ‘s goal is to save people’s money by allowing them to take control over what, when, and how they pay for their subscriptions.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Revuto directly greeted the community and provided detailed information as well as some key products and future plans.
Time: 09:00 PM (UTC + 7) on Wednesday, September 29th, 2021
Airdrop 200 USDT for the best questions in the AMA.
Below are some main points of this AMA:
Question for Part 1- Project overview
Question 1: To kickstart today’s AMA, please introduce briefly about your team and some key products of Revuto.
Revuto:My name is Vedran, I’m CEO and co-founder of Revuto, an app built on Cardano to help you manage your subscriptions and leverage subscription payments with crypto and Defi services.
The goal of Revuto is to help you manage when, to whome, with what and how much to pay when we’re talking about subscription payments. Also, Revuto protects its users from any kind of unwanted subscription charges like those coming from free-trials (when we forget to unsubscribe on time).
When talking about Revuto and its token, with REVU (Cardano native token), Revuto is here to help you pay for your subscruptions less than you would pay for them with your FIAT money.
Question 2: Next, please give us a brief instruction of how to use Revuto app on both PC and mobile phones.
Revuto:Sure. Unfortunately, Revuto comes as an mobile app only. We don’t have a web version. Within the app, Revuto users can get information about Revuto Virtual Debit Cards which they can preauthorize with the service providers. The goal is to repolace their own personal debit/credit cards with Revuto virtual debit cards to have a full control of their payments and an option to top up those cards with crypto.
By using Revut Virtual Debit Cards, when payment occurs, to have a full control of his money, the user has an easy option to Block, Snooze, or Approve payment.
Question 3:Could you please update some latest news or big events of Revuto to attract more users?
Revuto:Sure. The biggest news about Revuto is a bit old because it’s about our ICO.
The number may seem big but just to inform you, with the helpo of our amazing Referral program, we managed to get >2.5 milion early signups for the Revuto app. It’s a crazy big number
With the goal to help other Cardano projects grow, recently we announced our R Fund, a 2 MIL USD fund for Cardano projects aming at ICO.
The reason for that is because we don’t want to only build our own project but to help builidng Cardano ecosystem in general.
Next major event is actually token listing on tier one exchanges what should (will) happen in the next few days.
We made some amazing partnerships with exchanges so…. be ready 🙂
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1:There are currently many scamming cases in the world of cryptocurrencies. Could you tell us what security solutions Revuto has to keep the privacy and security of the platform’s users? Does it plan to upgrade or add more advanced features to be more user-friendly? @Truong38498211
Revuto:Well, when talking about security we need to firstly talk about the blockchain we choosed to use because Cardano is one of the safest and most secure networks within the crypto market. More importantly, Cardano native tokens share the same technical benefits and features as ADA.
But businesswise, to secure its users, Revuto is actually working with prominent partners and service providers for card acquiring, card issuing, banking, AML and KYC verification… all our partners are licensed to provide their services while offering amazing data protection.
Question 2: What is the ultimate goal of Revuto in the short & long term? How is Revuto’s ecosystem designed to save people’s money regardless of the crypto market conditions? Please provide more details about its competitiveness compared to other payment platforms. @tony_binex
Revuto:Awesome question. Yes, the ultimate goal is to save peoples money. Only by using crypto and by allowing people to put heir money to work for them in Defi setups, users can pay for their subscriptions less than they would pay for them with their FIAT money. By connection crypto and defi with such an amazing business case which is actually independant of the crypto-market sentiment (your subscription charges will be still coming regardless of the eventual bear market), we’re securing the sustainability and proifitability of our core business. That’s something many crypto businesses cant count on.
In long term the goal is to become the best and the only reasonable service (one that makes sense) to manage and pay for your subscriptions.
Question 3: Do you have any plan for a referral or ambassador program to approach a new community? What are the ways that generates income/revenue to maintain your project and sustain for its developement? How can Revuto generate win-win benefits to both investor and the founding team? @HarleyHley119
Revuto:We have an awesome referral program what is not only helping our users to get an one time reward when their referred friend joins to Revuto with the referral ling but to earn passive income from it. In short, that means that every Revuto user will get rewards in REVU whenever their referred firend makes payment with Revuto Virtual Debit Card. The setup incentivizes users to bring more friends to Revuto but zt the same time it crreates more buying pressure (Demand) on REVU tokens and, as a result, the price of REVU will rise. That alone will help users to gain profits on holding REVU with the end goal to use them (at one point) to pay for their subscriptions.
The business model is setup to be sustainable and profitable from the beginning. How we do that? As an examplel in freemium model, Revuto will charge its users a small “protection” fee of 4% for every payment they make with Revuto Virtual Debit Cards. That fee will allow them to use features like Block, Snooze or Approve to protect themselves from any kind of unwanted subscription charges, even when they forget to unsubscribe on time in free-trials. The premium app is 12USD p/month so there’s a monthly fee but later on, in Defi setups like those for micro-lneding, and/or staking, Revuto will take small fees.
Question 4: What is the $REVU token’s functionality and tokenomics? Is staking a viable option for retaining investors and rewarding users in your project? What are your biggest ambitions for the project you’re working on right now in terms of product development? @Kirillova9Vika
Revuto:Btw. although the business model is setup to generate profits, all profits will convert back to buying back REVU tokes to keep referral program and rewarding system work. That will, again, keep buying pressure on REVU tokens grow.
The basic functionality of REVU is ectually to help people use crypto instead of FIAT money to cover their subscription charges and to allow them to put REVU in different Defi setups to earn more REVU so they can, eventually, pay for those subscription less. By having limited supply of REVU tokens alongside with growing user base is something every REVUTONIAN can benefit of, but only if holding REVU. Staking is an awesome opportunity to gain YIELD but more importantly, to offer financial flexibility which is not allowed in the arhaic financial (banking) setup we’re all used to. As an example, Revuto users can stake their REVUs in liquidity pools to provide liquidity to other users when they need it. For doing so, they will earn YIELD. On other side, users that will borrow funds from those pools will be able to cover their subscription charges even when they won’t have their own funds to do so at the specific moment (due date). The setup will help people to easiliy maximise their financial potential.
Question 5:One of the greatest aspects of project success is community support. And most of the big projects have programs that interact with their users. What specific plans do #Revuto make to attract and expand your community and improve the user experience? @thuthaohoang
Revuto:Again, we have an awesome Referral program which is not onesided but can work as a passive income for a lifetime. With the expectation of price of REVU to grow, Referral program itself could gain some awesome profits. But in the bigger picture, we already announced our 2M USD R Fund that will help Cardano ecosystem grow. There is a mechanism behind it because we’ll open an investment pools for the R Fund as well. The goal is to help the best Cardano projects to kickstart but as a return, to get profits for our REVU holders by investing their funds early in other Cardano native tokens early, with highley discounted price.
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
Question 1:What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Revuto:Again, the ultimate goal is actually to help other Cardano projects thrieve and became one of the biggest builders of the Cardano ecosystem. https://coinmarketcap.com/headlines/news/Revuto-Raises-2-Million-to-Support-the-Development-Growth-of-Cardano-Projects/
Question 2:Does your project support staking program? if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform? Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Revuto:Yes, soon there will be many staking programs introduced to our Revuto app where people will have an opportunity to earn decent yield. Still, to join Revuto, you’ll have to find a Revuto referral linnk from your friend. At the moment, due to very high demand, we’re allowing only referred users to join Revuto.
Question 3:What’s your plan to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
Revuto:Awesome Q. The Revuto app is built ot work regardless of crypto. That means that non-crypto users will be able to use the same functionalities to block, snoze or approve subscription payments regardelss if they hold crypto or not. Every Revuto user can top up and pay for the subscription charges with their own personal debit/credit cards. Still, by geting rewards in REVU, every non-crypto user will get in touch with crypto and possibly use it in the future becauae of the benefits it brings.
Question 4:What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
1) introduce the first Cardano native wallet that’s supporting Cardano native tokens within the Revuto app. It will happen in a matter of days 2) releasing the first REVU tokens into the supply and the first listings of REVU on tier1 exchanges, will happen in upcoming days
3) Launch of Revuto Virtual Debit Cards in November
Defi setups will happen in 2022
Question 5:Is this your project only for elite investors, how about others with small funds, is it open to everyone?
Revuto:Our porject already had an ICO so all REVUs reserved for big and small investors were already sold out. To get your REVU and profit from it, I’d advise you get in early, once when REVU gets listed on exchanges. To learn more about it, pls. follow our official channels because will announce the big news soon.
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
Website – https://crypto.revuto.com/
Telegram General Discussion – https://t.me/getrevuto
Telegram Official Announcements channel – https://t.me/revuto
Twitter – https://twitter.com/get_revuto
Medium – https://getrevuto.medium.com/
Reddit – https://www.reddit.com/r/Revuto/
Discord – https://discord.gg/RTNnnmt4xU
Facebook – https://facebook.com/revuto
Instagram – https://instagram.com/get_revuto
TikTok – https://vm.tiktok.com/ZMRYLYTd2
LinkedIn – https://www.linkedin.com/company/revuto
Youtube – https://www.youtube.com/c/RevutoOfficialChannel