Revuto Monthly Recap: May 2023

5 min readJun 4, 2023

Dear Revutonians,

It’s been a while since we posted the last recap of our activities. Since community engagement is still pretty low, we decided to switch from weekly progress updates to bi-weekly, but from now on, we’ll do monthly recaps. We listened to suggestions from our community and decided to switch to these monthly recaps, which we will stick with until the end of the year if market conditions don’t change for the better. Once things get back to normal and start moving faster, we’ll adjust accordingly and switch back to weekly updates. Still, this doesn’t mean you’ll be cut off from all the details about what we’ve been working on during that time. Our pace of development is still at a high level despite all the adjustments we had to make because of existing market conditions. The whole purpose of making those adjustments is to secure for our project the best possible outcome, even if this bear market will last longer than anticipated. But, to get back to what’s important now, below is a list of all major activities we’ve done since our last recap:

· released several YT videos explaining the Revuto ecosystem, its products, token tokenomics and utility, and more. Be sure to check out our official YouTube channel — https://www.youtube.com/@RevutoOfficialChannel

· released a short promo video with our CEO explaining what Revuto is.

Revuto Promo Video

· Revuto’s CEO was interviewed, and videos were published on the YT channels of Jutarnji list and Cryptoverse

Jutarnji list: Na aparatima (Vedran Vukman)

Cryptoverse: Interview of the Week (Vedran Vukman)

· launched the seed round for equity by selling Revuto Ordinals on the BTC network

· secured coverage about the seed round campaign in some major online publications
Bitcoinist
CryptoDaily
Yahoo! Finance

· sale of Ordinals was close to $150k; had the first Revuto Shareholders Meeting

· unlocked Ordinals and Revuelto NFTs within the Revuto Staking Center to 37 individual investors

· released a Revuto app update and resolved an issue with Apple regarding Banxa

· agreed with Banxa about unlocking “buy REVU with cards” within the Revuto app

· Started unlocking ADA and REVU rewards from the R FUND pool. So far, we’ve released around 540K ADA plus rewards out of 900K ADA locked in the R FUND pool.

· partnered with the Battle Alliance team to help them launch their token and Battlepass NFTs as well as integrate with their game.

· partnered with 3rd service provider to expand $REVU token utility by integrating the Revuto Wallet and Revuto Staking Center infrastructure with it.

· decided to refactor the Staking Center and Revuto Wallet to allow direct integration with other service providers

· refactoring the Revuto Staking Center to allow faster and more automated staking pool unlocking and sending of staking rewards (switch from multi-sig to MPC)

· updated Cardano testnet and mainet infrastructure to the latest Node (ver. 8)

· working on the next Revuto app update to support Revuto Wallet integration with 3rd party services (the first integration will be live with the next app update)

· preps for Revuto Ordinals minting on the BTC network (working with MagicEden to allow metadata, a direct link to Stock Purchase Agreement on CDN or Dropbox)

· received an annual reward for the Best Blockchain Service Provider from Croatia in 2023 at the Start UP Zagreb & Game Changer Awards

· sponsored several events, including being a golden sponsor of LEAP SUMMIT in Zagreb, where our CMO, Daniela Loga, had a keynote on the main stage about Revuto and Crypto in general (topic: What is Crypto/Web3 and why I should care).

· preps for the next Live YT AMA, where the first utility for the REVU token outside Revuto Ecosystem will be announced. It’s scheduled to kick-off in June, so stay tuned!

· marketing prep for the first REVU token utility outside the Revuto Ecosystem

· reported the P1 (the first 6-month) recap for the Eureka Eurostars grant approved by the EU, which we started to consume in September 2022.

· stopped testing virtual debit cards issued by Railsr on the front and backend for the UK and EU markets.

· partnered with Modulr to replace Railsr (banking and card issuing provider) due to recent developments with Railsr, which has lost licenses to provide its services in the EU

· decided to switch from Fireblocks to ChainUp to support custodial (wallet) infrastructure for Revuto and allow us to integrate with other blockchains to introduce other popular crypto assets to Revuto ecosystem. Fireblocks won’t be able to support CNTs anytime soon.

· talking to ChainUp about our strategic partnership and their venture arm investing in Revuto

· applied to present Revuto at Cardano Summit 2023 in Dubai

· applied to present Revuto during the KillerWhales show by Hallo and CoinMarketCap in Los Angeles.

· did a Twitter Space with Astarter

· talked about the mistakes we made on Crypto Talks by Genius X, hosted by Learn Cardano (Peter Bui) and Partick from NMKR

· did several VC calls and presentations in order to close a seed round for equity

· withdrew liquidity funds provided to the Gate.io exchange due to their recent regulatory and liquidity problems

Regular development updates:

· working on the Revuto Custodial wallet to support virtual debit cards, cash back, referral rewards, multi-chain assets, and NFTs. Launch scheduled for Q4 2023.

· optimization of the Revuto Staking Center

· paused testing with acquirer (Worldpay) on the front and backend, setting up new ledger accounts with Modulr

· signed a new KYC data-sharing agreement between new 3rd party service providers

· minor changes to the revuto.com website, Terms & Conditions (webpages for the Seed Campaign and Ordinals)

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

Your Revuto Team

Download the Revuto app from the App Store, Google Play, or Huawei AppGallery and start earning today.

In case you missed:

📣$REVU Token Utility — Read now
💼 Office Day — Watch some highlights
🚀 REVU listing: Trading is live on KuCoin and Gate.io 🚀
📲 Download the Revuto app now! — Available for iOS, Android, Huawei
🎥 Revuto Deep Dive — Watch the video
📻 UK Radio campaign — Listen to our slot
💫 Unique Revuto NFTs — See all NFTs
🎥 Our co-founder Jos on Cardano360 — Tune in at 38:20
🎂 Our Token Generation Event (TGE) aka REVU Token birthday — See the event
🎙 Cardano live podcast with our co-founder Jos — Listen to the podcast

Revuto Monthly Recap: May 2023

In case you missed:

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Written by Revuto

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