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RAVE – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Wed, 07 Sep 2022 06:12:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png RAVE – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 New Rave in Crypto — Ethereum, Cardano, and New Boy: Adirize DAO To Give Over x200 in Profits As Ethereum 2.0 Launch is in A Few Weeks! https://cryptocurrencypanther.com/2022/09/07/new-rave-in-crypto-ethereum-cardano-and-new-boy-adirize-dao-to-give-over-x200-in-profits-as-ethereum-2-0-launch-is-in-a-few-weeks/ https://cryptocurrencypanther.com/2022/09/07/new-rave-in-crypto-ethereum-cardano-and-new-boy-adirize-dao-to-give-over-x200-in-profits-as-ethereum-2-0-launch-is-in-a-few-weeks/#respond Wed, 07 Sep 2022 06:12:49 +0000 https://cryptocurrencypanther.com/2022/09/07/new-rave-in-crypto-ethereum-cardano-and-new-boy-adirize-dao-to-give-over-x200-in-profits-as-ethereum-2-0-launch-is-in-a-few-weeks/

New Rave in Crypto — Ethereum, Cardano, and New Boy: Adirize DAO To Give Over x200 in Profits As Ethereum 2.0 Launch is in A Few Weeks!

The cryptocurrency space evolves with innovations and coins very often— we have seen a lot of crypto innovations ever since the first shot at digital currency in Bitcoin(BTC). With these new coins come great money-making opportunities, and Adirize DAO (ADI) is here with another opportunity for you to make money from crypto. Let’s check out the ADI, ETH, and ADA tokens, as they could give you over x200 in profits.

Ethereum (ETH): “The Merge” Could Break Barriers!

Ethereum (ETH) is the second largest cryptocurrency in the market, and its money-making prowess is under no doubt. Since its launch in 2015, Ethereum has made staggering price movements, reaching an all-time high of $4,811 last year. Ethereum (ETH) is set to improve on what made it famous with a major upgrade of its ecosystem— “The Merge.”

“The Merge” is set to upgrade Ethereum(ETH) from a proof-of-work blockchain to a proof-of-stake consensus. This will shoot up the scalability of the Ethereum(ETH) blockchain as it will be faster, less costly to host decentralized applications(dApps), have high interoperability, and also be more developer-friendly. With the Merge,” you can expect Ethereum’s (ETH) price to soar higher as even more decentralized projects are set to launch on Ethereum (ETH).

Cardano (ADA): A Fast-Growing DAO

Cardano (ADA) is one of the top decentralized autonomous organization (DAO) coins today, and its performance over the years has earned it a mainstay place in the crypto market. The Cardano (ADA) protocol, ADADAO, is making waves by creating fully collateralized stablecoins leveraging native Cardano(ADA) assets.

Many crypto traders have accepted the Cardano (ADA) network for its interest-free borrowing policy. Cardano (ADA) also has numerous staking and yield farming that can help double your portfolio.

Adirize DAO (ADI): Milk The Innovative Fusion of DAO and DeFi

Adirize DAO (ADI) is bringing something different to the crypto world. With its unique fusion of DAO and DEFI functionalities, the ADI token aims to be less volatile compared to other cryptocurrencies, which would make it very usable in day-to-day transactions. Brilliant!

Adirize DAO (ADI) is working progressively to make its native ADI token a stable currency that we all can use as a primary means of payment without relying on a treasury of assets or pegs to fiat currencies like the U.S. Dollar (USD). A pool of assets will back a free-floating reserve currency to retain the value of the ADI token. The ADI token could soon experience a gigantic price surge with massive adoption.

If you buy Adirize DAO(ADI) using USDT ERC-20 deposits, you get a 17% bonus. If your referral buys worth $100, you both receive $30 each. And if you purchase within 25 minutes of signing up, you get a 45% bonus.

Conclusion

Another opportunity is here, milk it and make money. These coins are well set up to give you over x200 in profits. The choice is yours to make money or not.

For more info on ADI, click on the links below:

Presale: http://join.adirize.com/

Website: http://adirize.com/

Telegram: https://t.me/AdirizeDAO_Official

Read here for more on Adirize DAO(ADI).



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Cardano-based DeFi Platform Ravendex Adds Staking, RAVE Token in Green https://cryptocurrencypanther.com/2022/03/05/cardano-based-defi-platform-ravendex-adds-staking-rave-token-in-green/ https://cryptocurrencypanther.com/2022/03/05/cardano-based-defi-platform-ravendex-adds-staking-rave-token-in-green/#respond Sat, 05 Mar 2022 09:56:27 +0000 https://cryptocurrencypanther.com/2022/03/05/cardano-based-defi-platform-ravendex-adds-staking-rave-token-in-green/


article image

Vladislav Sopov

RAVE token reacts positively as Ravendex enables crucial functionality: details

Ravendex, one of the first decentralized finance protocols on Cardano, the largest Proof-of-Stake (PoS) network, shared the details of its crucial update.

Ravendex DeFi protocol on Cardano (ADA) launches staking

According to the official statement by the Ravendex team, the service now supports staking options. In the inaugural releases of this instrument, the staking of the RAVE token, a core native utility and governance asset of Ravendex, is available.

A 12% annualized percentage rate is now offered for RAVE stakers. By press time, the net number of tokens staked surpassed 100 million RAVE, which indicates significant interest in Ravendex’s staking opportunities among Cardano (ADA) ecosystem enthusiasts.

In the DeFi segment, staking refers to a practice when crypto owners “lock” their riches in this or that service in order to obtain periodic rewards.

New-gen decentralized services like Ravendex (RAVE) distribute rewards periodically in a noncustodial manner through smart contracts.

As U.Today covered previously, Ravendex unveiled its graphic interface frontend design in Q4, 2021.

To celebrate development progress and community building milestones, Ravendex also launched a number of giveaways.

Initial staking pool offering (ISPO) of Ravendex launched for ADA holders

Besides that, representatives of Ravendex announced a novel form of fundraising, i.e., Initital Staking Pool Offering (ISPO). It is set to introduce decentralized token sale (IDOs) principles to the community of ADA stakers.

In ISPO, participants should lock their ADA tokens in favor of a specific staking pool associated with this or that fundraiser. For doing so, they are awarded with the ISPO organizer’s native tokens.

With Ravendex, people are invited to lock their ADA into the RAVEP stake pool. All rewards will be transferred to contributors in the form of RAVE tokens.

A total of 66,560,000 RAVE is allocated for an ISPO initiative by the Ravendex team. ISPO will be opened for 32 Cardano (ADA) epochs between Epoch 320 and Epoch 352. For every ADA token staked, Ravdendex supporters will get 0.0325 RAVE per epoch.

ADA holders can stake their tokens with either Yoroi or Daedalus wallets in a totally decentralized manner.

Despite a major pullback, crypto markets are optimistic about Ravendex’s progress and its staking program launch. On the first day of the staking program, RAVE/USDT prices on major exchanges jumped from $0.003 to $0.0045, witnessing a more than 50% upsurge.

Based on RSI, MAs and Bollinger Bands indicators, traders and analysts foresee that the RAVE price can surge to even more impressive numbers. It should be noted that the coin witnessed its all-time high on Dec. 25, 2021, over the $0.024 level.

Building all-in-one DeFi ecosystem for Cardano (ADA)

Ravendex (RAVE) is building an all-in-one decentralized finance protocol (DeFi) with an AMM-powered DEX for various use cases in the Cardano (ADA) ecosystem.

Ravendex’s toolkit of products includes a noncustodial wallet for Cardano’s assets, a decentralized crypto conversion system, a “yield farming” module and, most recently, a staking ecosystem for RAVE tokens.

Besides that, Ravendex will have its own stablecoin module and full set of instruments for decentralized lending/borrowing of ADA and other major Cardano-based cryptocurrencies.

Its DEX went live in January 2022, prior to the announcement of the start of ISPO.

In Q1, 2022, the platform also organized stress testing during its open testnet phase.





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Cardano Startup Ravendex ($RAVE) Announces Trading Competition on BitMart Exchange, $50000 Worth Of Rave Tokens Up For Grabs https://cryptocurrencypanther.com/2022/02/09/cardano-startup-ravendex-rave-announces-trading-competition-on-bitmart-exchange-50000-worth-of-rave-tokens-up-for-grabs/ https://cryptocurrencypanther.com/2022/02/09/cardano-startup-ravendex-rave-announces-trading-competition-on-bitmart-exchange-50000-worth-of-rave-tokens-up-for-grabs/#respond Wed, 09 Feb 2022 07:43:49 +0000 https://cryptocurrencypanther.com/2022/02/09/cardano-startup-ravendex-rave-announces-trading-competition-on-bitmart-exchange-50000-worth-of-rave-tokens-up-for-grabs/

Ravendexlabs has announced a trading competition to celebrate their BitMart listing which happened on the 10th of January 2022.

About Ravendex

Ravendex, a Cardano startup project that started last year is on a mission to build a Robust, Scalable and Secure Decentralized Exchange on Cardano where users can trade their Cardano Native Tokens without a middleman.

Rave Token

The Ravendex protocol will be powered by a single utility token $Rave that will have multiple use cases like:

Staking with an impressive APR of 15%

Governance as $Rave holders will be able to vote on certain proposals that affect the Ravendex Ecosystem.

Ravendex staking protocol when released to the public will be unique in it’s own Form as users can create a Vault, Verify their Address, Choose a pool and stake their $Rave tokens without moving the $Rave assets in the wallet.

$Rave Listing On Bitmart

$Rave token has been available for trading on Bitmart exchange, a popular and traditional centralized exchange (CEX).

$Rave token is listed on Coinmarketcap with a market cap of over 4 Million Dollars.

Ravendex Team also has plans of Supplying initial liquidity to Sundaeswap to boost it’s liquidity volume before moving it to Ravendex own Dex when launched.

Rave Trading Competition On Bitmart

To celebrate the BitMart listing, Ravendex is organising a trading competition in connection with Bitmart.

Ravendex (RAVE) listed on BitMart at 6:00 AM on January 10, 2022 EST! To celebrate the listing of RAVE, we are giving away 9,090,900 RAVE in our RAVE Net Buying Competition Events!

The competition will last from 8th of February to the 23rd of February 2022.

More details can be found on the BitMart exchange website.

The Future of Ravendex?

With a highly experienced development team, Ravendex is on a mission to Develop De-Fi Tailored products that would not only accelerate the Cardano ecosystem, but also give value to our products with ground breaking innovate applications on the blockchain.

Ravendex is displaying a huge amount of new development and innovation.

With the Staking Platform being one of the first, Ravendex is poised to become the leading DEX on Cardano.

Buy $Rave on Bitmart: https://www.bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic

Keep up with Ravendex by following them on their social media below.

Twitter: https://twitter.com/Ravendexlabs
Telegram: https://t.me/RaversNest
Github: https://github.com/Ravendexlabs

Media contact

Company: Ravendex Labs
Contact Name: Raven
E-mail: [email protected]
Website: https://ravendex.io/





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Cardano Startup Ravendex ($RAVE) Announces Trading Competition on BitMart Exchange, USD 50000 Worth Of Rave Tokens Up For Grabs https://cryptocurrencypanther.com/2022/02/08/cardano-startup-ravendex-rave-announces-trading-competition-on-bitmart-exchange-usd-50000-worth-of-rave-tokens-up-for-grabs/ https://cryptocurrencypanther.com/2022/02/08/cardano-startup-ravendex-rave-announces-trading-competition-on-bitmart-exchange-usd-50000-worth-of-rave-tokens-up-for-grabs/#respond Tue, 08 Feb 2022 01:12:55 +0000 https://cryptocurrencypanther.com/2022/02/08/cardano-startup-ravendex-rave-announces-trading-competition-on-bitmart-exchange-usd-50000-worth-of-rave-tokens-up-for-grabs/

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Ravendexlabs has announced a trading competition to celebrate their BitMart listing which happened on the 10th of January 2022.

About Ravendex

Ravendex, a Cardano startup project that started last year is on a mission to build a Robust, Scalable and Secure Decentralized Exchange on Cardano where users can trade their Cardano Native Tokens without a middleman.

Rave Token

The Ravendex protocol will be powered by a single utility token $Rave that will have multiple use cases like:

Staking with an impressive APR of 15%

Governance as $Rave holders will be able to vote on certain proposals that affect the Ravendex Ecosystem.

Ravendex staking protocol when released to the public will be unique in it’s own Form as users can create a Vault, Verify their Address, Choose a pool and stake their $Rave tokens without moving the $Rave assets in the wallet.

$Rave Listing On Bitmart

$Rave token has been available for trading on Bitmart exchange, a popular and traditional centralized exchange (CEX).

$Rave token is listed on Coinmarketcap with a market cap of over 4 Million Dollars.

Ravendex Team also has plans of Supplying initial liquidity to Sundaeswap to boost it’s liquidity volume before moving it to Ravendex own Dex when launched.

Rave Trading Competition On Bitmart

To celebrate the BitMart listing, Ravendex is organising a trading competition  in connection with Bitmart.

Ravendex (RAVE) listed on BitMart at 6:00 AM on January 10, 2022 EST! To celebrate the listing of RAVE, we are giving away 9,090,900 RAVE in our RAVE Net Buying Competition Events!

The competition will last from 8th of February to the 23rd of February 2022.

More details can be found on the BitMart exchange website.

The Future of Ravendex?

With a highly experienced development team, Ravendex is on a mission to Develop De-Fi Tailored products that would not only accelerate the Cardano ecosystem, but also give value to our products with ground breaking innovate applications on the blockchain.

Ravendex is displaying a huge amount of new development and innovation.

With the Staking Platform being one of the first, Ravendex is poised to become the leading DEX on Cardano.

Buy $Rave on Bitmart: https://www.bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic

Keep up with Ravendex by following them on their social media below. 

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Github: https://github.com/Ravendexlabs

Media contact

Company: Ravendex Labs

Contact Name: Raven

E-mail: [email protected]

Website: https://ravendex.io/ 





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Cardano Dex “Ravendex” Launches Exclusive Rave NFT Collection By CoinQuora https://cryptocurrencypanther.com/2022/01/20/cardano-dex-ravendex-launches-exclusive-rave-nft-collection-by-coinquora/ https://cryptocurrencypanther.com/2022/01/20/cardano-dex-ravendex-launches-exclusive-rave-nft-collection-by-coinquora/#respond Thu, 20 Jan 2022 06:23:00 +0000 https://cryptocurrencypanther.com/2022/01/20/cardano-dex-ravendex-launches-exclusive-rave-nft-collection-by-coinquora/

Cardano Dex “Ravendex” Launches Exclusive Rave NFT Collection

The Ravendex team after their strategic collaboration with World Mobile Token in bringing Internet access to remote areas in Africa has also announced a 10000 Unique Pixelated Bird NFT collection with proof of ownership stored on the blockchain.

Cardano is known for it’s unique Eutxo Model and unlike known for it’s high gas fees, you can mint NFts on Cardano and paying just 1/4 of a dollar as Gas Fee. Unlike most Non Fungible tokens, RAVE NFT will have real utility within the Ravendex Ecosystem as Holders Of $RAVE NFT Can Stake Their NFTs To Earn rewards In $RAVE, Earn exclusive Rewards reserved for NFT holders.

The NFT minting is currently ongoing, giving interested investors an opportunity to mint and hold the $RAVE NFT and over 7% of the total NFTs have been minted already.

How Do I Mint $RAVE NFTs?

  • Purchase ADA from a supported Exchange like Binance, Coinbase (NASDAQ:) & Kraken
  • Download & Set Up A Cardano Compatible Wallet Like Yoroi, Daedalus & Nami Wallet.
  • Transfer ADA To The Wallet (Remember To Select Cardano Blockchain)
  • Visit Rave NFT minting portal
  • Click on Feather Requirements and Send 50 ADA to the address that will be shown when minting starts.
  • Wait for transaction to be confirmed on the Cardano blockchain.
  • Congrats! Your pixelated $RAVE NFT will be in your wallet after your transaction has been confirmed.

As a RAVE NFT holder you will have:

  • The opportunity to stake your NFT and earn $RAVE as a reward.
  • You can list and sell your asset on several secondary markets and earn royalties through sales.
  • YStake the $RAVE NFT and endorse a project launching through Ravendex’s IDO.

About Ravendex

Ravendex is the world’s first non-custodial decentralized exchange operating on the Cardano Blockchain through the AMM protocol. The Cardano Ecosystem uses the protocol to facilitate trading their asset at a price set by their provided liquidity. Ravendex facilitates fast liquidity and assets transfers between ADA and native Cardano tokens.

Rave Token

Ravendex utility token $RAVE can be traded on BitMart which offers a wide range of commodities such as BTC, ETH, USDT, and others. To its credit, it pulls over $1million worth of trade volume daily as it gains more popularity among cryptocurrency lovers and investors.

Rave is the utility token powering the Ravendex ecosystem and has multiple utilities and use cases like staking, yield farming, governance. Its daily performance has earned it a consistent place on the chart as one of the leading brands on the Cardano native tokens by daily volume.

Media Links

The team updates its users regularly on social media pages. Prospective users can keep up with their latest development via these handles:

Github:https://github.com/Ravendexlabs

Telegram:https://t.me/RaversNests

Twitter (NYSE:):https://twitter.com/ravendexlabs

Contact Channels:

Contact the Ravendex team through any of these contact channels:

Company Name: Ravendex Labs

Contact Name: Ravenslabs

Email: hello@ravendex.io

Location: Dublin, Ireland

Website: https://ravendex.io

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Cardano DEX Ravendex Readies for Bitmart Exchange Listing, Launching Rave NFTs Soon – Coinspeaker https://cryptocurrencypanther.com/2022/01/08/cardano-dex-ravendex-readies-for-bitmart-exchange-listing-launching-rave-nfts-soon-coinspeaker/ https://cryptocurrencypanther.com/2022/01/08/cardano-dex-ravendex-readies-for-bitmart-exchange-listing-launching-rave-nfts-soon-coinspeaker/#respond Sat, 08 Jan 2022 21:53:45 +0000 https://cryptocurrencypanther.com/2022/01/08/cardano-dex-ravendex-readies-for-bitmart-exchange-listing-launching-rave-nfts-soon-coinspeaker/

Cardano DEX Ravendex Readies for Bitmart Exchange Listing, Launching Rave NFTs Soon  Coinspeaker



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Cardano DEX Ravendex Readies For Bitmart Exchange Listing, Launching Rave NFTs Soon https://cryptocurrencypanther.com/2022/01/08/cardano-dex-ravendex-readies-for-bitmart-exchange-listing-launching-rave-nfts-soon/ https://cryptocurrencypanther.com/2022/01/08/cardano-dex-ravendex-readies-for-bitmart-exchange-listing-launching-rave-nfts-soon/#respond Sat, 08 Jan 2022 07:39:48 +0000 https://cryptocurrencypanther.com/2022/01/08/cardano-dex-ravendex-readies-for-bitmart-exchange-listing-launching-rave-nfts-soon/

Ravendex shall be available for trading on Bitmart exchange on the 10th of January 2022.

Ravendex team is pleased to announce its listing on BitMart Exchange. Cardano ecosystem has evolved rapidly over the years, but despite the fact of being one of the top-performing blockchain networks, Cardano is yet to have a native Decentralized Exchange (DEX) like those found in other blockchain networks.

Ravendex is on a mission to change that narrative by building the first decentralised exchange on the Cardano ecosystem

About Ravendex

Ravendex is the first non-custodial decentralized exchange on the Cardano Blockchain that facilitates quick asset transfers and liquidity between native Cardano tokens and ADA.

Projects on the Cardano ecosystem can give liquidity to set a price that will facilitate the trading of the project’s asset in a fair decentralised manner using the AMM protocol.

Cardano Blockchain cross-chain exchange uses the EUTXO model, known for its unique features, such as the ability to share liquidity across different assets in the Cardano Ecosystem.

It’s also one of the very first projects developed on The Cardano Ecosystem to utilize the recently released Alonzo Hard Fork update allowing smart contracts to deposit assets and collect interest according to predefined rules.

Ravendex Features

Ravendex aims to build a robust suite of Defi tailored services that would be powered by its utility token $Rave.
Some features of ravendex ecosystem would include:

1.Cross-chain exchange and swap protocol. Using Ravendex, users will be able to exchange and trade native Cardano tokens in a secure environment. The eUTXO architecture provides a unique opportunity for exchanges to pool liquidity on top of the Cardano ecosystem.

2.Staking & Yield Farming. $Rave holders can stake their tokens to earn more Rave and Exclusive NFTs.

3.Native assets lending protocol. The pooled lending and borrowing mechanism we are developing allow users to borrow and pool assets, and this can be used for a variety of DeFi applications as well.

4.ERC-20 / BEP-20 to Cardano converter. Project owners wishing to migrate their coins from Ethereum or Binance to the Cardano blockchain can do so with just a few clicks using our ERC-20 to Cardano Token Bridge.

5.Peer To Pool, Pool To Peer Lending Protocol (P2P). Pooled lending contracts will make decentralized lending and crypto loans much easier to establish, as users can borrow pooled assets and pay them back at a specified time with interest.

6.NFT Marketplace. Rave token holders can be able to list their $RAVE NFts, set a price and sell it on our marketplace.
Ravendex shall be available for trading on Bitmart exchange on the 10th of January 2022.

The Ravendex protocol will be powered by the $Rave token which is currently trading on p2pb2b and the price can be checked using Coinmarketcap.

Media Links

Github: https://github.com/Ravendexlabs
Telegram: https://t.me/RaversNest
Twitter: twitter.com/ravendexlabs

Contact Info:
Name: Raven
Email: Send Email
Organization: Ravendex Labs
Address: Dublin, Ireland
Website: https://ravendex.io

Release ID: 89059258

comtex tracking

COMTEX_400204891/2773/2022-01-08T01:20:44





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Cardano Based Project Ravendex on a Mission to Become the Next Cardano Gem, Kicks Off $Rave Token Pre-Sale – Coinspeaker https://cryptocurrencypanther.com/2021/10/27/cardano-based-project-ravendex-on-a-mission-to-become-the-next-cardano-gem-kicks-off-rave-token-pre-sale-coinspeaker/ https://cryptocurrencypanther.com/2021/10/27/cardano-based-project-ravendex-on-a-mission-to-become-the-next-cardano-gem-kicks-off-rave-token-pre-sale-coinspeaker/#respond Wed, 27 Oct 2021 06:15:14 +0000 https://cryptocurrencypanther.com/2021/10/27/cardano-based-project-ravendex-on-a-mission-to-become-the-next-cardano-gem-kicks-off-rave-token-pre-sale-coinspeaker/

Cardano Based Project Ravendex on a Mission to Become the Next Cardano Gem, Kicks Off $Rave Token Pre-Sale  Coinspeaker



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RavenDex Launches the Non-Custodial Decentralized Exchange on the Cardano Ecosystem Powered by $RAVE Token https://cryptocurrencypanther.com/2021/10/26/ravendex-launches-the-non-custodial-decentralized-exchange-on-the-cardano-ecosystem-powered-by-rave-token/ https://cryptocurrencypanther.com/2021/10/26/ravendex-launches-the-non-custodial-decentralized-exchange-on-the-cardano-ecosystem-powered-by-rave-token/#respond Tue, 26 Oct 2021 19:01:20 +0000 https://cryptocurrencypanther.com/2021/10/26/ravendex-launches-the-non-custodial-decentralized-exchange-on-the-cardano-ecosystem-powered-by-rave-token/

DUBLIN, IRELAND / ACCESSWIRE / October 26, 2021 /Ravendex launches the Cardano blockchain-based decentralized exchange that facilitates seamless asset and liquidity provision and transfers between ADA and other Cardano tokens. This way Ravendex will act as a cross chain exchange that utilizes eUTXO model of the Cardano Blockchain which is capable of sharing liquidity by splitting assets on the Cardano ecosystem.

The thing that makes RavenDex different from all other projects by Cardano is the fact that users can earn interest on RavenDex by lending assets to a pool and even by borrowing, while their assets are collateralized.

RavenDex paves the way to introduce the concept of asset lending and borrowing platform on Cardano blockchain with the help of Alonzo Hard Fork which will introduce smart contracts in the cardano ecosystem.

Insights through the Whitepaper

The whitepaper of Ravendex serves as a detailed insight into the project and it shows RavenDex in a new light where it is a Uniswap protocol-based product customized for Cardano blockchain through many unique modifications.

RavenDex would allow participants of the blockchain to create a market by sharing liquidity with others and swap native tokens effortlessly. Swap will cost a fee in exchange for the quick service which is returned to liquidity providers. It is going to be completely P2P where no middlemen are present to capitalize on participants’ transactions.

Unlike other decentralized exchanges, RavenDex will be more independent, free from restrictions, and compatible with different types of Cardano-based tokens including its own utility token $RAVE.

Preference of Cardano Network

Several companies are preferring the Cardano network creating a demand for it in financial services that keeps growing.

The best thing about RavenDex is that it will utilize Cardano blockchain rather than Binance or Ethereum chain which are considered the most popular choice for building a decentralized exchange.

The reason for this decision is quite simple because Cardano is a 3rd gen blockchain that prioritizes energy efficiency. Being a PoS blockchain, Cardano has been found to be 1.6 million times more efficient than Bitcoin.

Distinctive aspects of RavenDex

Though there are hundreds of highly professional decentralized exchanges in the crypto world, RavenDex is going to be the first one based on the Cardano blockchain. But that is not the only thing that makes this project worthy of attention. Some features are as follows:

Lending protocol

After the planned release of the RavenDex smart contract happens, it would enable DEX participants to benefit from native assets lending features of the platform. Users would have to connect their wallets like Nami & Gero Wallet in order to deposit assets and then earn interest securely from the DEX platform.

ERC-20 to Cardano Converter

A cross-chain bridge is in the works and it will be an important part of the RavenDex model. This gateway will seamlessly migrate ERC-20 tokens belonging to the Ethereum blockchain to Cardano and suffer low transaction fees.

Swap protocol

As a decentralized automated market maker protocol, the speciality of RavenDex lies in the fact that every platform user will be able to swap and trade native Cardano tokens seamlessly without restrictions. Different exchanges that become a part of Cardano’s eUTXO architecture are capable of pooling their individual liquidity to provide more benefits to their users.

Transparency benefits

Being a decentralized exchange platform is a massive feat in itself, especially nowadays when top-tier centralized crypto exchanges around the globe are being hacked or attacked. The secure platform of RavenDex would also reward its users with $RAVE for their services. The team has allotted 50% of its utility token’s total supply for the public.

Multifunction liquidity pool

RavenDex will enable liquidity providers to choose the most profitable pools for any particular pair to obtain the highest returns making the whole experience most capital efficient. To achieve this, the team is working on implementing several pricing algorithms for each of the liquidity pools available on RavenDex. Though you might think that this strategy would lead to unbalanced liquidity, it simply directs money to the most efficient pool allowing for smooth incorporation.

Recent Developments

RavenDex released an exclusive demo of their product featuring its front-end design that is both user-friendly and made to work as a solution to Cardano’s concurrency issue. It is fascinating to see how quickly the project is progressing.

A few days ago, the developers of RavenDex successfully added “dark mode” on its swap interface to make it less eye-straining for users that have highly sensitive retinas. It goes without saying that the entire infrastructure of RavenDex would be powered by $RAVE

The brains working behind RavenDex and its unique and customized Cardano-based decentralized finance (DeFi) ecosystem are a part of Ravendexlabs.

The project is working on including more talented individuals like ex-developers from Plutus Pioneer to join their mission in order to accelerate the development pace.

Updates regarding their accomplishments can be found on the official telegram channel.

$RAVE Token Pre Sale

RavenDex has announced that the Presale for $RAVE token will be held on 26th October to allow potential investors who missed the seed sale a chance to join the pre-sale round as you can still make it to the list of early adopters of RavenDex.io and obtain $RAVE Tokens.

Updates regarding the pre-sale round are available on RavenDex social media.

For more information, visit

Website: https://ravendex.io/

Twitter: https://twitter.com/Ravendexlabs

Telegram: http://t.me/ravendexlabs

Github: https://github.com/Ravendexlabs

Media Queries
Ravendex Labs Media Office
Email: hello@ravendex.io

SOURCE: Ravendex Labs

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RavenDex unveils proposed DEX for the Cardano ecosystem, kicks off RAVE token seed sale https://cryptocurrencypanther.com/2021/10/20/ravendex-unveils-proposed-dex-for-the-cardano-ecosystem-kicks-off-rave-token-seed-sale/ https://cryptocurrencypanther.com/2021/10/20/ravendex-unveils-proposed-dex-for-the-cardano-ecosystem-kicks-off-rave-token-seed-sale/#respond Wed, 20 Oct 2021 18:02:39 +0000 https://cryptocurrencypanther.com/2021/10/20/ravendex-unveils-proposed-dex-for-the-cardano-ecosystem-kicks-off-rave-token-seed-sale/

RavenDex, a Cardano based decentralized exchange (DEX) that when launched, will enable blockchain participants and investors to offer liquidity on any native Cardano (ADA) token and establish a market pair for others to swap the native tokens while utilizing the security and low fees of the Cardano blockchain.

Ravendex is one of the first decentralized exchanges being built for the Cardano blockchain and they have released their front-end demo on Monday which, when completed, will have a working solution for the Cardano multiple transactions challenge.

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This comes days after their oversubscribed private sale round for early adopters that saw them getting the utility token RAVE at the cheapest price.

Ravendex aims to become the leading DEX solution for the cardano ecosystem and will be powered by RAVE, which can only be attained for now through contributing to the Ravendex ecosystem as an early investor.

Ravendex aims to get on board partners and buff up it’s development team with Plutus Pioneer alumni developers.

RAVE token seed sale

The seed sale of RAVE tokens will kick off on October 20 at the price of 0.0027 ADA per RAVE token.

Investors wishing to become an early investor can do so by joining the RAVE token sale and clicking on “buy RAVE token.”

Ravendex achievements so far

The RavenDex Labs has achieved a lot of feats in the past days which includes implementing the night and dark mode feature on our swap interface.

The development team also started building the components for the swap interface which will initially be able to swap between our token RAVE to ADA and vice-versa.

Keep up with Ravendex by following them on their social media below.

Twitter: https://twitter.com/Ravendexlabs

Telegram: http://t.me/ravendexlabs

Github: https://github.com/Ravendexlabs

Media contact

Company: Ravendex Labs

Contact Name: Raven

E-mail: hello@ravendex.io

Website: https://ravendex.io/

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.





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