Revuto, a subscription management platform built on Cardano, has announced an innovative fundraising campaign that involves selling Ordinals on the Bitcoin network. The seed round will enable Revuto to launch its core feature, Revuto Virtual Debit Cards, which allows users to fully control their subscriptions with cryptocurrency.
Revuto’s Crowdfunding Campaign
Revuto aims to remain a community-driven project. To achieve this, it chose to avoid venture capital in the early stages and, instead, stay supported by retail investors who believed in its vision and goals.
The intention resulted in a unique process of fundraising. The special fundraising campaign involves minting 1500 Ordinals on the Bitcoin network, an unprecedented approach for crowdfunding a seed round. Unlike traditional fundraising methods, Revuto is selling these Ordinals to retail investors who want to become part of the project’s success.
Ordinals are similar to non-fungible tokens (NFTs). As such, they are unique and cannot be duplicated. However, unlike NFTs, a limited number of Ordinals can be minted on every block in the Bitcoin network, making them an even more exclusive and valuable investment opportunity. This scarcity makes Ordinals a unique way for investors to become part of Revuto’s journey and partake in making history.
Minting Ordinals involves creating a unique digital asset on the Bitcoin network that represents the equity in Revuto. Investors who purchase Ordinals during the seed round will own a percentage of Revuto’s equity, allowing them to participate in the company’s growth.
The seed-round fundraising is scheduled for April 18th, with whitelisting available via Revuto webpages and selected partners. There will be two rounds of selling the available Ordinals Series (A, B, or C), each lasting only 24 hours.
Investors are also given the opportunity to bid for one Grand Ordinal from each series, with the bid starting at a minimum of $5K and a maximum of $200K per Grand Ordinal. The Grand Ordinals allow investors to buy more equity and become lead investors. Grand Ordinal owners would also meet with the founders once the round ends and get one board seat in the company to represent all other community investors from the equity seed round.
Revuto Offers REVU Tokens and Incentives
Revuto, the app that grew to more than 355k registered users in 18 months, is seeking to raise $1.75 million in exchange for an 8% stake in the company, valued at $20 million. Those who purchase Revuto Ordinals will receive up to a 15% bonus in REVU tokens, which will serve as an incentive and reduce investment risk.
Another incentive is the “When Lambo?” event, in which Revuto has decided to use a bull to fight the bear and reward one investor with Revuelto, the recently announced raging bull from Lamborghini, termed the best, fastest, and most powerful model existing.
Revuto is built on the Cardano blockchain, with aspirations to go multi-chain, launching on networks such as Ethereum and Polygon. The company will partner with Fireblocks, a custodial wallet infrastructure provider, to support other popular tokens, including BTC, ETH, BNB, MATIC, USDT, USDC, and many more.
Moreover, the subscription management platform aims to launch and run a card program regardless of market conditions. The card program will kick-start a primary business model of selling premium accounts, generating revenue for the company, and creating significant capital gains from kickstarting REVU tokenomics.
There are further plans to provide features such as top-up Virtual Debit Card with REVU and other cryptocurrencies, Stake to Subscribe, micro-lending and borrowing, Subscription NFTs, and many more. This will create a demand for REVU and help the REVU token price increase.