Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Revuto, a crypto-based fintech company, has announced its plan to raise $1.75 million for 8% of the equity with a company valuation of $20 million by selling Ordinals on the Bitcoin network. The company offers an ecosystem of products that enables seamless transactions between crypto liquidity and real-world economic transactions. Revuto is designed to provide users with active subscription management using virtual debit cards.
According to the Revuto team, the upcoming seed round aims to sell Ordinals exclusively for equity to retail investors who believe in the vision and future of Revuto. With the seed round, Revuto aims to stay a crowdfunded project. The funds will enable the company to launch key features and active subscription management with the Debit Card Program, notwithstanding the current crypto bear market.
Revuto follows a unique approach for the seed round. This seed round (community-driven) will be on the Bitcoin network, where the company sells 1500 Ordinals to retail investors. Ordinals are crypto-equivalent of stocks, allowing owners to own a stake in the company. The seed round will happen in two phases, Private and Public, each offering Ordinals Series A, B, or C, lasting only 24 hours.
Series A Ordinals will have 499 Ordinals costing $2000 in BTC. The owner will get a 15% discount on company valuation and a 15% kickback in $REVU tokens. The Series B Ordinals also has 499 Ordinals, costing $1000 in BTC. They come with a 10% discount on valuation and a 10% kickback in $REVU tokens. Lastly, Series C will have the same 499 Ordinals, costing $500 in BTC. However, there will be no discount on valuation,
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