Addressing REVU Token FOMO
As the weeks and months have gone on, the percentage of listing-related questions we receive has gradually increased, constituting an ever-larger share of our inbox. We get it: you want REVU and you want it now!
While in one sense it’s incredibly exciting to behold the palpable FOMO emanating from our global community, in the nicest possible way — we also wish some of you would exercise a little more restraint. Especially since we have answered the most common queries on several occasions.
Indeed, our recent flurry of Ask-Me-Anything sessions sought to address enquiries head-on, so that no Revutonian was left scrabbling around in the dark without any idea about what was going on. Naturally, though, some community members have missed our updates on social media or haven’t got around to listening to the AMA.
With this in mind, we want to re-emphasize our position regarding the upcoming token listing and explain why we are unable to provide the clarity many of you desperately crave.
Sifting Through Exchanges
As our Business Development and Partnerships Manager Filip Srdoč explained in our first YouTube live AMA, we have had negotiations with 10–15 exchanges and chose a select few. After many discussions, we confirmed an established tier-1 exchange for the initial token listing — and because we don’t want to spread the trading volume across numerous exchanges, we are looking to concentrate the volume on just two platforms. Here’s an excerpt of the AMA where Filip and Vedran discuss this matter in greater detail.
Many people don’t realize that there are technical and legal procedures in place that prevent projects from listing straightaway. Indeed, Revuto commissioned two separate law firms to make sure all I’s were dotted and all T’s were crossed. Legal documents are then reviewed by the exchanges and a back-and-forth process ensues. These procedures are in place to ensure that platforms and investors are protected, and that a level playing field is created.
This course of action means that we are currently unable to communicate an exact date for the token listing. Firstly, because we don’t yet know the specific date ourselves, and secondly, because our contract with the exchange means that we’re not allowed to publicize it before they do.
To borrow an analogy from the music world, an artist can’t tweet the release date of their latest album without first receiving an OK from the record label. The legal aspect is tricky, and we must be (and have been) very careful to establish firm foundations to ensure all ducks are in a row ahead of the eventual listing.
Legal matters weren’t the only challenge we faced, incidentally. No cryptocurrency exchanges have listed Cardano-native assets, so they were, in a sense, venturing into the unknown. Thankfully, we’ve resolved all roadblocks in our way.
In summary, and as mentioned before, we officially signed with our exchanges months ago — we’re just waiting for them to announce. The Revuto team did a tremendous job to ensure the token will be listed on tier-1 exchanges only, and while we are a few days late with the token release as we first announced it, it was impossible to anticipate the technical hurdles we had to overcome.
The important thing to note is that your wait will have been entirely worthwhile. As we mentioned last week, the ability to deposit REVU tokens in your wallet via the Revuto app would count for nothing if you did not have the ability to trade on the open market.
Behind the scenes, we are preparing to launch joint marketing campaigns with our partner exchanges to capitalize on the enthusiasm that will surround the launch. We will have good news for you very soon.
In case you missed:
📣 Previous Medium article — Revuto is Heading to Dubai
📽 Our first ever Live AMA — Watch on YouTube
💰 Share Revuto — And earn rewards!
✅ KYC procedure explained — See video
🔍 Revuto on Business Insider — Read more
🥰 Revuto on TikTok — Follow our brand new account!
📻 UK Radio campaign — Listen to our slot
✂️ How to easily cancel subscription service — 1Password
💫 Unique Revuto NFTs — See all NFTs
✌️ Interview with our co-founder Vedran — Read more
❓ Cryptotech x Revuto AMA — Read the recap
🙋♀️ Meet the faces behind the screen — See our video
🎥 Our co-founder Jos on Cardano360 — Tune in at 38:20
🎂 Our Token Generation Event (TGE) aka REVU Token birthday — See the event
☄️ Registered REVU investors by countries — See all countries
🎙 Cardano live podcast with our co-founder Jos — Listen to the podcast
🧗♀️ Our first teambuilding — See our TB video
To catch up with everything, please FOLLOW OUR channels 🚀
🎥 YouTube — Take a look at our Demo
🌐 Website — Visit Site
📃 Whitepaper — Read Whitepaper
📢 Telegram Announcements — Join Channel
🗣 Telegram Discussion Group — Join Group
🕊 Twitter — View Twitter Account
🔥 Reddit — View Reddit Account
🚀 Discord — View Discord Account
🗂Youtube — See Cardano 360 Roadshow
🔷 Facebook — View Facebook Account
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💻 LinkedIn — View LinkedIn Profile
📺 Youtube — See Official Channel
🥰 TikTok — View TikTok Account