27.03.2024: Bi-Weekly Update

5 min readMar 27, 2024

Dear Revutonians,

It’s Wednesday, and time for our regular bi-weekly update. Next week, you can expect to test many great new features included with the latest Revuto v3 app update. Also, next week, we’ll launch our e-voucher product in Spain, but more about that once it happens.

That being said, let’s look at what we’ve been working on for the last two weeks:

We are rebuilding the management team and getting ready to announce six new people working on the back-end development and two on the front-end.

- Today, Revuto app v.3.4. was approved by Apple.

- Working on the custodial wallet that supports all major cryptocurrencies and integrates with Fireblocks. The wallet will support virtual debit card top-up, cash back, referral rewards, multi-chain assets, and NFTs.

- Final preps for the launch of our e-vouchers that are coming to more than 200 locations in Spain, where people will be able to buy/sell REVU for cash. The product release will be promoted via major fintech and Web3 media publications. The product is scheduled to go live on April 2nd.

- Released a blog post about e-vouchers

- One cash machine is being imported from Spain to Croatia, and we expect to get it operational sometime next week in Sesvete (near Zagreb, Croatia). The exact location will be announced as soon as the machine becomes operational. Also, our marketing team will record a promo video explaining the product, which we’ll use to officially promote the product across our social media channels and other web portals.

- Final preps for the Revuto Staking Center’s unpause (unlocking REVU tokens and ADA from the R Fund pools). The process will be explained one more time just before the unlocking.

- We are working on an entirely new crypto.revuto.com webpage, with an updated whitepaper containing information about new products, the R token token sale, the Airdrop, the R token utility, the updated REVU token utility, and Revudex (adding a swap feature to the non-custodial wallet in the app).

- signed with Fireblocks for crypto custody, which includes support for hot and cold wallets on all popular blockchains. The switch came after we experienced problems with ChainUp. In the past six months, two points of contact resigned from ChainUp.

- updating the revuto.com webpage to put more focus on the web3 integration and the REVU token.

- preps for unlocking Revuto Pro (Premium) and its features within the Revuto app.

- preps for a huge R Token Airdrop coming in late 2024, which will bring more awareness to the Revuto project. Also, with the Airdrop we’ll additionally reward our most loyal REVU token holders.

- preps for unlocking the full potential of integration with Banxa for buying (on-ramp) all major cryptocurrencies with cards (FIAT) in the Revuto app and getting crypto to the custodial wallet.

- Preparations for minting Revuto Ordinals on the BTC network and Revuto NFTs on Solana (most likely). Ordinals and NFTs will be part of the Revuto NFT Center and built on the custodial wallet. This is planned for mid-to-late April.

- Preparation for the whitelisting of 200 users to test v4. The live beta testing will likely start on May 1st, allowing selected users to test the v4 before everyone else. All Revuto Ordinal owners will be automatically whitelisted as live beta testers for the Revuto v4. The whitelisting process will be described in a blog post dedicated to this topic.

- We are working on the next REVU/USDT listing on a Tier-1 exchange. Our next Tier-1 CEX listing is planned for June 2024, aligning with the Revuto v4 app release (Debit Card Program). Later in the year, we plan to add 2–3 more CEX listings and Binance sometime in 2025. All new listings will follow the growth of the REVU token market Cap.

- Looking to add liquidity in REVU and USDT for Market-Making activities on KuCoin and Gate.io once we launch e-vouchers and, later, Revuto Debit Cards.

- working with a marketing agency to set up and execute all the marketing activities for the next three months (Apri, May, and June). Activities will include press releases on fintech and crypto web portals, general media, social media accounts, YouTube reviews, promotion via KOLs, and similar. The budget and the start date for all the above will be determined in the upcoming days.

- This week, we added some liquidity in REVU and USDT to KuCoin and Gate.io. We will add more liquidity once we determine the market-making strategy for the next three months.

- We are looking to add liquidity in REVU and ADA for the REVU/ADA token exchange on DEX on Cardano (most likely Minswap) once we launch Revuto Debit Cards. We may consider doing it sooner if we see significant REVU token price growth before launching V4.

- preps for the Paris Blockchain Week and Token2049 in Dubai.

- looking for new hires (marketing and biz dev.)

Below, you can read about our bi-weekly development activities:

· Working on VASP (license) with the local regulator HANFA to be legally compliant for providing crypto exchange and custodial services. Should have both approved by June 2024.

· working on adding the Revuto Premium account (staking REVU or Monthly subscription to Revuto)

· final preps for launching the Revuto Debit Card Program before June 1st.

· minor changes to the revuto.com website, Terms & Conditions, and updates for 2024.

· minor changes to the crypto.revuto.com website (Gitbook), Terms & Conditions, and partnerships.

MOBILE APP DEVELOPMENT (download for iOS or Android)

Wallet:
A completely new feature introduced to Revuto
New Wallet Dashboard
New Wallet Settings
Send Coins To Your Contacts
Receive Coins From your Contacts
Invite friends to Revuto with a single click
Share to SMS, WhatsApp and Copy Contact
Support for new iOS14+ and older iOS 13
Full Transaction History
Coin prices
Scan the QR code to receive and send coins to friends. In a few clicks.
UI improvements for the upper view on the dashboard screen
Simple filtering of transaction history and send history
Subscriptions V4 - Cards
Completely New KYC Flow
Complete Integration with Linkcy
SMS Verification Flow
Card Top-up
KYC with Linkcy
Create your first virtual card screen
Six new flow screens
New Terms and Conditions integration

Other:
Performance updates in the wallet
Faster Coin Sorting and Ordering in Wallet
Android Proguard implementation
Android package updates and code Refresh
Simple Mobile navigation code Refresh

In progress:
Wallet integration with the backend
Create your virtual card flow
Remove your virtual cards
Automated KYC from SumSub

For more insight about what’s happening with the project, you can start following our CEO, Vex, on X (ex Twitter), where he regularly writes about our hot topics.

Your Revuto Team

Your Revuto Team.

In case you missed:

📣Cash to Crypto: Simple and Fast. — Read now

27.03.2024: Bi-Weekly Update

MOBILE APP DEVELOPMENT (download for iOS or Android)

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Written by Revuto