Do you use some of the popular streaming service providers such as Netflix and HBO? Or maybe you are more into music so you use Spotify and Deezer? One thing that is common to those services is that you have to pay a monthly subscription for using them. It’s not a surprise if you are one of them because an average person has three or more monthly subscriptions. And it probably happened to everyone that they paid a subscription for something they didn’t use for months. That is where Revuto comes to play.
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What is Revuto?
Revuto is a subscription management app that aims to make it easier for users to manage their subscriptions by consolidating them all in one place. On their blockchain-based platform, they make it simple to add or end a subscription, pay upfront or postpone it or just manage free trial dates.
Revuto provides an easy solution for some of the most annoying questions when it comes to subscriptions such as:
- What do I pay a subscription for?
- Which card did I use?
- When does my free trial end?
- When are my payments due?
How does Revuto work?
Revuto works as a decentralized application on the Cardano network. Companies can connect to Revuto via API and offer their customers easier subscription control. For the end-user, it is a simple and user-friendly app that installs on the phone. Users can find prices from plenty of service providers and choose to try them out or dive straight into approving them.
What is REVU?
REVU is Revuto’s token that can be used to pay for subscriptions. As a native cryptocurrency, REVU can also be used for many crypto-related applications such as micro-lending, providing liquidity, and voting. Using Revuto token in DeFi services will earn users more tokens with which they can pay for their subscriptions.
Revuto achievements and roadmap
2021 was a huge year for Revuto. They launched a REVU token sale and Revuto app on Android and iOS. They also secured new partnerships to bring new services to their platform. In 2022 they plan to open governance with their REVU token, as well as integrate many new services to their wallet and platform to make Revuto even more secure and user-friendly.
Conclusion
The whole idea behind the project is to help users save their money with a simple management app that can leverage crypto services. It reveals a new use case for blockchain technology and crypto services which makes a lot of sense in a world where the subscription model is becoming a dominant one. Tech giants are increasingly using the subscription revenue model and there is no surprise that the subscription economy has grown more than 400% over the last 9 years. If Revuto manages to break through and position itself as an industry leader, it might have a great future ahead of them.