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Cryptocurrency Company Revuto to Raise $1.75M Through Ordinals Inscription on Bitcoin Network

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According to reports, cryptocurrency financial technology company Revuto has announced plans to raise $1.75 million by selling Ordinals Inscription at a valuation of $20 million on

Cryptocurrency Company Revuto to Raise $1.75M Through Ordinals Inscription on Bitcoin Network

According to reports, cryptocurrency financial technology company Revuto has announced plans to raise $1.75 million by selling Ordinals Inscription at a valuation of $20 million on the Bitcoin network, involving approximately 8% equity. Revuto mainly provides users with active subscription management using virtual debit cards, which can achieve seamless transactions between cryptocurrency liquidity and real-world economic transactions, and use Web3 technology to help users protect their funds. It is reported that the company will sell 1500 Ordinals to retail investors this time, allowing holders to own shares of the company. According to the latest data from Dune Analytics, the current number of Ordinals inscriptions on the Bitcoin network is 1095402, and the current cost has reached approximately 5.2 million US dollars. （cryptonews）

Crypto fintech company Revuto plans to sell Ordinals on Bitcoin network to raise $1.75 million

Cryptocurrency financial technology company Revuto has announced its plans to raise $1.75 million by selling Ordinals Inscription at a $20 million valuation on the Bitcoin network. The fundraising involves approximately 8% equity allocation and will allow retail investors to purchase 1500 Ordinals, which can enable them to own shares of Revuto.

Introduction

Revuto is a cryptocurrency financial technology company that provides active subscription management using virtual debit cards. These cards enable seamless transactions between cryptocurrency liquidity and real-world economic transactions, and the company uses Web3 technology to help users protect their funds. In this article, we will discuss Revuto’s new plans to raise $1.75M through Ordinals Inscription on the Bitcoin network.

What are Virtual Debit Cards?

Virtual debit cards, also known as prepaid debit cards, are digital versions of physical debit cards. These cards resemble conventional bank debit cards but are not linked to any bank account. Instead, they are preloaded with a specific amount of funds.

How does Revuto Use Virtual Debit Cards?

Revuto leverages virtual debit cards to provide active subscription management services. Users can use the cards to pause recurring subscription payments, receive a notification before a payment is debited, and approve or decline the payment. The company uses Web3 technology, which enables it to decentralize its infrastructure. This technology also provides strong data encryption and privacy, making the card transactions secure and safe.

Ordinals Inscription and the Bitcoin Network

According to Cryptonews, Revuto is planning to raise $1.75M through Ordinals Inscription on the Bitcoin network. Ordinals Inscription is a method of fundraising that involves issuing unique tokens on a blockchain network, typically Bitcoin or Ethereum. These tokens come with specific rights, such as ownership of equity or access to services. The tokens can be sold to raise funds from retail investors, with the value of the tokens expected to increase as the company grows.

Revuto’s Fundraising Plans

The fundraising plan involves the sale of 1500 Ordinals to retail investors, with the tokens providing the right to own shares of the company. The fundraising is expected to take place on the Bitcoin network, with the tokens being issued as separate assets on the network. The company has set a valuation of $20 million, with approximately 8% equity allocation.

The Benefits of Ordinals Inscription

Ordinals Inscription offers several benefits to startups looking to raise funds. Firstly, it enables startups to raise funds globally, with retail investors from around the world able to purchase tokens. Additionally, it provides investors with liquidity, with the tokens being tradable on various cryptocurrency exchanges. Finally, it allows startups to raise funds without giving up too much equity, as the tokens can be issued in small denominations.

Conclusion

Revuto’s plans to raise $1.75M through Ordinals Inscription on the Bitcoin network represent a significant milestone for the company. The fundraising will enable retail investors to own shares of the company, and the funds raised will be used to expand the company’s products and services. With the cryptocurrency market gaining momentum, Revuto’s services are likely to see increasing demand, and the company’s valuation is expected to grow.

FAQs

1. What services does Revuto provide?
– Revuto provides active subscription management using virtual debit cards, which can help users manage their recurring subscriptions, receive notifications before payments, and approve or decline payments.
2. How does Ordinals Inscription work?
– Ordinals Inscription involves issuing unique tokens on a blockchain network, such as Bitcoin or Ethereum. These tokens provide specific rights, such as ownership of equity or access to services, and can be sold to raise funds from retail investors.
3. What are the benefits of Ordinals Inscription?
– Ordinals Inscription enables startups to raise funds globally, provides investors with liquidity, and allows startups to raise funds without giving up too much equity, as the tokens can be issued in small denominations.

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