Cardano-Based dApp Revuto (REVU) Receives $ 1.7 Million Investment



Revuto (REVU) is a payment protocol that uses the functionality of Cardano (ADA) smart contracts for retail use cases. The protocol managed to get an investment of 1.7 million dollars.

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According to a press release, the Revuto (REVU) app raised $ 1,700,000 from major VC funds and angel investors in seven days. This tour was led by the community-backed blockchain investment team Black Dragon. Revuto (REVU) representatives stressed that the private financing round was closed earlier than planned due to the increased allocation demand.

Revuto CEO Josipa Majic is confident that the funds collected will help his team accelerate the massive adoption of blockchain-based “subscription” payments:

“We are grateful to our private investors, including BlackDragon, for believing in Revuto’s team and technology and sharing our vision of making cryptocurrencies spendable in everyday life. It is very important to have the right financing and investors that support our long-term vision, and that’s why we are happy to reach this milestone and are excited about what’s to come. ”

Majiс also added that Revuto could turn into a cryptocurrency with the same utility as fiat currency.

REVU Public Sale Starts

The BlackDragon team is impressed by the driving force of Revuto’s (REVU) progress and excited to encourage further development and marketing:

“Revuto has seen unprecedented growth in a very short span of time, and we are excited to join the team on this journey and support the local REVU token with Revuto.”

Starting today, the REVU token will be available on the launchpad for special purchases. The token will also be available for staking in Revuto mechanisms.

Revuto (REVU) is among the pioneers of the use of Cardano (ADA) as a programmatic blockchain. Its success could attract more developers to the new ecosystem.