Gate will list Revuto(REVU)

Gate is going to commence Revuto(REVU) trading on January 10th, 2022 13:00 PM UTC.



About Revuto:

Revuto is a dApp built on Cardano to help you manage and pay for your subs-criptions by leveraging crypto and DeFi services. The end goal is to help users manage their subs-criptions and save money.



On average we all use and pay for at least 2-3 subs-criptions every month but as the subs-cription economy is growing by 100% year over year, we’ll spend even more money on subs-criptions in the future. The problem is that we’re losing money on subs-criptions we forget to unsubscribe from, on free-trial traps, on subs-criptions, we don’t use regularly and/or forget about. Many of us use different cards (debit/credit) to pay for subs-criptions so more than ever, we tend to forget to whom, when, and how much we’re paying.

In that regard, by introducing users with Cardano Native token REVU, Revuto will help them pay for their subs-cription charges less than they would pay them with their personal debit or credit cards.



Ultimately, by staking REVU in liquidity pools to earn yield, Revuto users will be able to provide liquidity to other Revuto users on the subs-cription due date(s) and make their money work for them.



Token symbol： REVU

Token Contract:https://cardanoscan.io/token/ae19616a3642e0b707f77cf5735159159f9422a9

Website：https://crypto.revuto.com/



Revuto(REVU)/USDT Trading starts January 10th, 2022 13:00 PM UTC.



Deposit Revuto(REVU) at https://www.gate.com/myaccount/deposit/REVU

Trade Revuto(REVU) in USDT market via:https://www.gate.com/trade/REVU_USDT



Gate will open an Automated Market Maker (AMM ) for REVU, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fees and GT token rewards from the liquidity reward pool. High annual rate rewards with secure.



AMM Trading Market and AMM Liquidity Mining



Gate has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate will continue to add different currencies, please pay close attention to follow-up announcements.



The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:

1. Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
   
2. A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
   
3. Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
   
4. Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
   
5. Liquidity providers can take bonus and withdraw at any time
   
   
   
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   Gate Team
   
   January 10th, 2022