Revuto announced the launch of first ever mobile DEX on Cardano

The Revuto app is quickly becoming a powerhouse of DeFi. After the launch of the first ever non-custodial Cardano native mobile wallet within the Revuto app, this app now offers access to various staking and farming opportunities where users can earn competitive yields in the form of other CNTs by staking REVU and ADA in the Revuto app. Staking in the Revuto app will earn you special Revuto NFTs that will, among other things, give you the opportunity to invest early in new Cardano projects under the best possible terms in the Cardano ecosystem. With Revuto NFTs you can also boost your APR for staking ADA, REVU, and other CNTs within the Revuto app as well as boost your chances for airdrop lotteries. Be sure to check out those NFTs because users who hold an Rstronaut NFT will also get a $10,000 reward in REVU tokens when the conditions they have outlined are met. If you haven't already, download the Revuto app to explore all staking opportunities this app currently offers. The Revuto app is available in the App Store, Google Play, and Huawei AppGallery.

With the launch of Revuto custodial wallet and integration of a Fiat-to-Crypto gateway within the Revuto app, Revuto plans to connect the dots from both worlds by introducing the best DeFi and CeFi features accessible from one single dApp. Revuto’s focus is on delivering all DeFi products directly to your smartphone, and they surprised the Cardano community with the announcement for the launch of the first mobile DEX on the Cardano blockchain. They have been working on this product for months and are thrilled that we are approaching the day when they will enable this product within the Revuto app. That will happen around the same time that they plan to enable their comprehensive subscription management service. The brand-new decentralised exchange, which will enable peer-to-peer trading of multiple Cardano-native assets, is the product of many months of research and development and reflects desire to build out the Cardano ecosystem, brick by brick. Revuto will also be the first crypto project ever to introduce uncollateralized micro loans. The setup is being developed by Revuto CTO Marko Rukonic, an awarded AI expert with almost 30 peer-reviewed patents, but this is something for a separate blog post. Now let's get back to the first mobile DEX on the Cardano blockchain.

It’s safe to say the launch of a fully-fledged DEX is taking things to the next level. Team of developers from Revuto have built this scalable decentralized trading platform from scratch, and we know it will furnish users with lucrative earnings through trading and investing opportunities available on the Revuto app. While there are a number of decentralised exchanges within the Cardano ecosystem – Wingriders, Sundaeswap and Minswap to name just a few – the one that Revuto plans to launch will, we believe, set a new standard. Decentralized exchanges are the very bedrock of DeFi, automating token swaps via smart contracts while allowing users to retain full custody of their private keys/funds. Users can also trade anonymously, since there is no KYC verification in place. Revuto is building a mobile DEX with a high level of functionality, speedy order execution, and robust security with decentralized order books that will ensure a fair and transparent price discovery process.

More info and surprises regarding the first mobile DEX on Cardano will be announced in the next few weeks, prior to the product launch on mainnet. Besides adding a name to the DEX and publishing a DEXpaper (addition to the whitepaper), the Revuto team will announce more specifics about the uniqueness of its DEX infrastructure and how it will add a new layer of liquidity to the Revuto ecosystem.

For more information about the upcoming and first mobile DEX on Cardano, please tune in to our next live YT video event scheduled for the 1st of May 2022.

This intuitive DEX will boast new features such as limit orders - an order type that permits traders to execute trades at a predetermined price level. Safe in the knowledge that their chosen swap will execute only at the price they are happy with, traders retain confidence that they will always acquire the amount of tokens (or, in the case of sellers, the selling price) they want – and often more. DEXs are increasingly preferred to their centralized counterparts. Amazingly, DEX volume managed to surpass $1 trillion in 2021, reflecting growing distrust in financial intermediaries and a continued push for monetary self-sovereignty. Most DEXs are, of course, built on Ethereum – but we all have every faith that Cardano will continue to punch above its weight. With integrated non-custodial wallet within the Revuto app, numerous staking pools and now a bells-and-whistles DEX, the Revuto app is getting better and better. If you haven’t already, now would be a good time to download it to iOS, Android or Huawei. Trust us, there’s plenty more in the works that you won’t want to miss. Revuto app is available in the App Store, Google Play, or Huawei AppGallery

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