Cardano Asset REVU Set for KuCoin and Gate.io Debut

Crypto investors who're on the lookout for tokens with real-world utility will want to pay attention to REVU's listing on Gate.io and KuCoin this week.

The REVU token is set to become what its creators say is the first ever native Cardano asset to be listed on the top-tier centralized exchanges, and they clearly believe it's one that has huge potential.

REVU is the native token of the Revuto app, which claims to be the panacea for subscription management headaches. We live in a digital age where many of us pay for all manner of software, digital media, food deliveries, content streaming and other services through subscriptions.

Recurring payments are meant to keep things simple for users - all we have to do is authorize a credit card to make regular payments each month and we'll be able to continue accessing a service such as Netflix, for example, until that authorization is canceled.

That's all well and good, but the problems begin when we start to sign up for multiple different services, leading to regular payment dates scattered throughout any given month.

People can quickly lose track of what they've signed up for and forget to cancel a service they're no longer interested in, meaning they're automatically billed for a product they no longer want to use. It's not helped by the fact most banks don't have a simple process for canceling those recurring payments either.

Revuto aims to change that by bundling all of your subscriptions into a single app, giving people an easy way to manage payments for the essentials of today's digital lifestyle.

Revuto is a dApp built on Cardano, providing the utility of fiat currency with the permissionless benefits of crypto, allowing users to enable or disable subscriptions with a single click, approve, block or snooze each payment when it's due, pay with REVU tokens and benefit from discounts, stake their REVU to earn rewards and even earn cashback in REVU for each subscription they enable.

It's an idea that's catching on fast. Having launched just four months ago, Revuto claims it is enjoying record growth as the first Cardano-lite wallet. This week's listings on Gate.io and KuCoin are just the latest milestone - one the company hopes will generate yet more interest and growth in its app.

Revuto CEO and co-founder Vedran Vukman said the listing process on Gate.io and KuCoin included multiple legal openings from top legal firms in both the U.S. and the EU.

"We also partnered with Skynet Trading for institutional-grade liquidity solutions," he added. "Our ethos is to work only with the best; to ensure our customers and investors enjoy the best products and returns. It may take longer, and is often the more difficult way - but it's the right way to build long term value."

Revuto said REVU deposits will open on Gate.io and KuCoin on Jan. 6, giving investors who bought tokens during its ICO the chance to cash in. Just 24 hours later, both CEXs will open the doors for retail investors to begin trading REVU.