It’s been a few weeks since we announced our marketplace for Revuto NFTs in partnership with Cardahub, but today we’ve got another piece of Revulutionary news for you. Hold on to your seats; we are bringing out the big guns — NFTs you won’t want to miss.
Revulutionizing the subscription economy
As you likely already know, our goal has been to change the subscription industry. We’re on our way to achieving that by enabling users with ultimate control over their subscriptions using a single app, whether they want to unsubscribe easily, pause their subscriptions, pay for subscriptions with crypto, borrow funds when paying, or secure protection against free trials.
So, where do NFTs fit into this picture? In the beginning, we introduced Special NFTs to award our investors with higher rewards whenever their referred friends use Revuto to pay for their subscriptions. As interest was overwhelming, we further boosted the ecosystem by introducing new NFTs. Those were Rstronaut NFTs, utility-focused NFTs to boost your staking APR and get a $10K reward in REVU, and R Fund NFTs to support pre-ICO Cardano projects with the opportunity to invest in their tokens early.
All of the NFTs we have introduced are playing a significant role in the Revuto ecosystem. Still, we’re introducing something new that will change how you subscribe to services and allow you to save more money. We call them REVULUTION NFTs.
With Revulution NFTs, the plan is to “revulutionize” how people subscribe to services while allowing them to subscribe to any service in the world for any period of time and send or sell (monetize) unused subscription periods to others.
In allowing you that, we believe that Revulution NFTs will become the most crucial piece of the Revuto ecosystem to date. And we’re just starting.
People say NFTs don’t provide any intrinsic value. We say: the hell they don’t!
When subscribing to Netflix, let’s explain the “real world” value of the Revulution NFT. Suppose you bought a one-year subscription to Netflix to save some money. After a few months of using Netflix, you decide you don’t like it anymore, or for some reason you won’t be able to use it for the remaining months you’ve purchased. The reality is that the streaming giant isn’t going to slash your rate for the period you didn’t use it because you’ve already agreed to pay for it, regardless of if you use it or not. Netflix is just an example, but this could be any subscription — like the one for your gym, food delivery, SaaS you’ve been using, whatever.
Did you know that 50% of consumers currently pay for subscriptions they don’t use? Isn’t that crazy? Revulution NFTs are here to solve this problem. Our new product will allow you to monetize your unused subscriptions, creating a secondary market where people can purchase NFTs with unused subscription periods for specific services at a discount.
How does it work?
Let’s say you want to subscribe to a specific service for a longer period to get a discount. In most cases, the service provider will offer you to buy a one-year subscription to do so. In contrast, with Revuto you’ll be able to buy any subscription for any period and get a discount. The purchased “subscription” NFT should never have a value less than the subscription period left since after enjoying the subscription for some time you’ll be able to send or sell it to others. The new owner will be able to use the same subscription until the NFT expires (the subscription period ends).
How the heck are we able to do that?
It’s pretty simple. The user holding an NFT for a specific subscription in their Revuto wallet will get a Revuto Virtual Debit Card to subscribe to that service. Revuto will be topping up the card to pay for that subscription as long as there’s a subscription period left. Once the NFT changes ownership within the Revuto app, the new owner will get a new Revuto Virtual Debit Card to use with this account for the same service. Again, Revuto will be topping up that VDC to cover the service expenses for as long as there’s a subscription period left. Once the subscription period ends, the NFT will expire, and Revuto won’t be topping up old or issuing new Virtual Debit Cards for that service regardless of who has the NFT in their wallet. We can say that Revulution NFTs are disposable; they expire after the subscription period of the service expires. To get rid of them, Revuto will provide an address where users can send their expired Revulution NFTs. Also, within the Revuto app, there’ll be a place where users can quickly check any Revulutiuon NFT and find out the subscription it is valid for, how long it is valid, or if it has expired.
And now — A BIG BANG!
FREE NETFLIX AND SPOTIFY FOR LIFE
Revuto will offer a limited number of Revulution NFTs that will allow users to get free Netflix or Spotify for a lifetime. Did you hear that? FREE NETFLIX or SPOTIFY for life! And yes, those NFTs should grow in value because the owner will be able to send and sell them at any time. We believe there’s no better way to introduce this unique feature to the world than to offer you an opportunity to purchase FREE NETFLIX or SPOTIFY for life.
After offering a limited number of Revulution NFTs for purchase, Revuto will add Revuto Virtual Debit Cards (VDCs) to the Revuto app, allowing users to manage their subscription payments and start utilizing their Revulution NFTs. To emphasize the importance of Revuto Debit Cards, this unique offering will be supercharged with Card NFTs for early access to Revuto Physical Debit Cards (PDCs).
Card NFTs will let Revuto users become the first to get Revuto PDCs supporting crypto including Cardano Native tokens. While Revuto VDCs are for paying subscriptions only, Revuto PDCs, plastic or metal, will support rewards and crypto cashback when paying for any products or services where MasterCard is accepted.
Revuto will announce more information about its unique and limited Revulution NFT offering in the upcoming days.
An opportunity for Revutonians.
As Revutonians, you might be wondering if you can purchase Revulution NFTs at a discounted price or earn money on the offering. Hell yes. Existing Revuto users and their refererr friends will get 5% of the purchase price as cashback in REVU whenever there’s a purchase with their referral code provided in their Revuto app.
In the upcoming days, we’ll share more details about the referral program and the corresponding Revulution Lottery.
The limited offering of Revulution NFTs will coincide with the long-awaited launch of our subscription management service. To make it more interesting before the Virtual Debit Cards kick in, Revuto will introduce the password management feature to allow users to securely store and share passwords with their friends and family.
Speaking of your friends and family, have they heard about Revuto? If they haven’t, spread the word (and your referral code) to help us “revulutionize” the subscription economy that you’re in charge of and where you end up earning.
Don’t miss our next AMA on July 1st where you’ll be able to learn more about the Revulution!
Original Source: https://getrevuto.medium.com/viva-la-revulution-61ebb602d274
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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