Press Release

Unpacking the REVU Token Sale and Next Steps for Revuto

Published

3 years ago

June 17, 2021

With the dust having now settled on Cardano’s first native token sale, it’s time to reexamine the REVU launch and consider where Revuto is headed next.

We knew that the month leading up to the token sale would be intense as we mobilized the Revuto community and laid the groundwork for everything that would follow next, and so it proved to me.

In the weeks since, we haven’t let up once: it turns out that when you’re creating a revolutionary crypto-powered subscription service, the hard work doesn’t end upon the conclusion of a successful sale. Who knew?

As you will have seen, the level of demand for the REVU token was unprecedented, setting a high benchmark for all subsequent projects on Cardano and taking the Revuto team by surprise. Below, we’ll supply some statistics that attest to this before delving deeper into what happens now.

Stage 1: Complete

Whether you participated in the REVU sale or were one of the unlucky ones who couldn’t secure an allocation, you know that demand was high. How high? Well put it this way, we now have two million users who are raring to access the Revuto mobile app the moment it goes live.

We’re grateful to our community of investors and supporters who purchased the REVU token. As a quick glance at the data shows, demand for REVU hailed from all over the world. The most well-represented country was Turkey, with 3,600 users from the region successfully participating in the sale. After this came Spain, Croatia, Brazil, and Thailand.

See more about registered REVU investors (by countries): https://docs.google.com/spreadsheets/d/1hK5Fyud6V7640gCJm3EIH2OTJvugdR63h2degRME8ak/edit?usp=drivesdk

It appears that interest in crypto-powered subscriptions — and for the first native token on Cardano — is not limited to any single locale or continent. With over 22,000 followers on Twitter and 16,000+ on Telegram, Revuto has a veritable army behind it.

Stage 2: Underway

The next phase on our journey is arguably the most critical, namely refining Revuto’s Cardano-based subscription solution and perfecting the Revuto app. Despite its significance, we’re aware that this stage of proceedings isn’t as visible as, say, holding a public token sale, which is why we’re determined to maintain close and frequent communication as we go.

The Revuto team is working diligently on building out the backend that will power the entire Revuto ecosystem, a task that will command much of our attention over the next quarter.

In the Meantime…

Just because we have our hands full with making Revuto the best it can be doesn’t mean our community is forced to sit on their hands. Far from it: we want to hear from you and we want you to get involved.

Today marks one month since our global campaign started and during that time, interest in Revuto has positively exploded. This is thanks in no small part to your efforts and we mean it when we say we couldn’t have done this without you.

The videos, GIFs, memes, and other viral content you’ve shared has kept us inspired, entertained, and our global community informed. Keep ’em coming, particularly our volunteer ambassadors who have been tirelessly spreading the word and sharing the love so fervently.

Thanks to your endeavours, demand for the REVU token is even higher than it was on the eve of our token sale — which is quite a feat given that the token won’t be tradable until September. Such has been the level of activity by our ambassador army, you have overloaded our network and temporarily disabled the systems of other providers (e.g. Yoroi wallet). People have gone crazy for the REVU token and are still looking for a way to buy it before listing.

We should remind you that you’ll need to hang in there a little longer in order to do so: this isn’t scheduled to occur for another three months.

As the Community Grows, So Must the Team

As you will have gleaned from this project update, we’ve had a lot on our plate lately: the entire Revuto team has been working around the clock to deliver on our promises. To facilitate this, we’ve taken measures to bring the existing team closer together through team building — a venture that will in turn teach our crew to care for the new users who are onboarding to Revuto on their millions.

To support our core staff and deliver on our roadmap, we’ve expanded the team with new hires who’ve brought new ideas, fresh energy, and a bunch of motivation.

Managing over two million users will not be an easy job, and thus we need an optimum and harmonious team that is primely positioned to meet all the needs of our customers. Which is exactly what we intend to do.

Finally, before we sign off, we should mention that we’ve now had a chance to play about with an early build of the Revuto app which will soon debut on iOS and Android. We’re very excited with how it’s looking and can’t wait to share it with you.

The Revuto app will make the «Are you sure you want to unsubscribe?» line a thing of the past.

Find out more: https://www.youtube.com/watch?v=pgYmXPdVZAs

The Revuto app will incentivize community engagement through REVU token rewards and deliver unique product benefits. Its simple and intuitive dashboard for managing a dozen subscriptions shows there’s absolutely no reason why unsubscribing should take more than a single click.

We’ll be announcing a release date for the app very soon. Follow our social channels and blog for the first word on this and all the other exciting events we have in the pipeline.

If you thought the last few weeks were wild in Revuto land, buckle up because this journey is just getting started.

NEXT: Revuto dApp

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