Non Custodial DEX, RAVENDEX Is All Set for New Revolution in DeFi
RAVENDEX is emerging as an exciting DEX in the cryptocurrency space. The exchange will enable seamless, quick and constant transactions for buying and selling various cryptocurrencies. The exchange has implemented high-end technology, such as the EUTXO, which permits liquidity to be shared and split among different cryptocurrencies. It allows trading with native currencies and user-issued cryptocurrency assets. As mentioned before, RAVEN DEX stands out because of the many options. One of the features is the ability to bridge from ERC20 tokens to the Cardano chain. Ravenden will develop an EVM that will enable an accessible bridge between ERC20 crypto assets and the Cardano Blockchain system. This means that those who hold Erc20 tokens who want to invest in RavenDEX will be able to bridge them without difficulty with the EVM Bridge infrastructure.
Ravendex Moto
The purpose of the bridge infrastructure is to make it easy to access for the users, groups of project participants and people who are willing to transfer their assets or projects onto the Cardano blockchain. Additionally, it will reduce transaction fees, speedy transactions, security of support, and more. It will allow the Cardano blockchain bridge to be accessible to every ERC2O token.
Emerging Technology based on Cardano Blockchain
In the past, ADA has emerged as one of the most powerful and top-performing crypto projects in the market, even though it does not have an operational DApp. One of the significant gaps in the ADA ecosystem is its decentralized exchange. Ravendex.io another promising crypto-related project, aims to set records straight by establishing the first decentralized exchange platform based on the Cardano ecosystem. Ravendex does not need any introduction, as the platform has established itself in the past year after announcing its launch in an article on the highly-popular Bitcointalk Forum.
At present, there are several Cardano-based initiatives in the market and each is targeted at a distinct kind of user. However, none is as good as Ravendex since they are the only project making the most of this Cardano (ADA) network.
Operational view
Once fully operational, Ravendex would have many Novel Features that would increase the number of users and increase the value Secured in the Cardano Ecosystem. They are currently working on a Decentralized Exchange, IDO Launchpad Lending and Staking platform, where users can borrow using collateralized assets.
There is tremendous potential for Ravendex to rapidly grow to become one of the largest decentralized exchange platforms but works exclusively to support its users in the Cardano ecosystem. The Reasons Ravendex is unique:
Ravenden offers an exclusive and straightforward user-friendly DEX for native tokens of Cardano that can trade safely and securely. Ravenden could be developed into an open platform where users can exchange and deal in Cardano native tokens without worrying about security concerns.
The Native Assets lending process allows depositors of Volatile assets into an agreement to obtain loans from Stable Coins. This provides access to an array of options DeFi mechanisms.
Ravenden Team is looking at the exclusive NFT market, which has amazingly shocked the world. With the $RAVE token in possession, the currency used on Ravendex gives users the chance to earn $RAVE through staking, yield farming, and possibly even rare NFTs. That will provide real value. Ravenden also offers a Cardano Native Token Staking Platform, which allows users to stake their $Rave tokens and earn reward points in the form of $RAVE. It will be able to accept, not only Rave but also any Cardano Native token. The growing demand for NFTs and the requirement for an efficient NFT marketplace have been considered in members of the Ravendex team. This is why Ravendex is currently preparing its first NFT marketplace that is open to everyone who owns $RAVE. Customers who have $RAVE may post their own NFTs on the market with a price and then sell the NFTs.
What is Ravendex ISPO
Ravenden ISPO will be coming shortly as ADA holders are eligible to join the ADA to RAVEP pool and gain rewards from ADA and $RAVE. ISPO is ISPO is a revolutionary method of fundraising that permits delegated members of the stake pool (POS) platform to redirect stake rewards to a cause that they prefer and receive project tokens as a reward. ISPOs can only be implemented through the Cardano blockchain due to the unique stake pool delegate structure.
Ravenden tokens will be open to trade immediately following it is listed on the BitMart listing. To commemorate this landmark publication, Ravendex has announced an NFT drop event that will take place during which holders of $RAVE will be able to mint NFTs for the sole purpose of.
Once minting begins, the holders of $RAVE are in a position to mint the NFTs by sending a certain quantity of money to an address listed in the requirements for feathers to mint an NFT that is $RAVE. The more Rave you send, the more NFTs you will receive.
Conclusion
Ravendex is an exchange protocol that permits buyers and sellers to swap tokens without exchanging books or ordering books. It utilizes an algorithmic equation that determines the exchange rates determined by how much balance is left between the tickets listed and how much demand is actually for the chosen pair. RAVENDEX has a highly user-friendly interface that allows investors to trade tokens without worrying about the need to create an account or go through any KYC procedures.
❑Web : https://ravendex.io/
❑Me : https://ravendex.medium.com/
❑ISPO : https://ispo.ravendex.io/
❑Github : https://github.com/Ravendexlabs
❑TG : https://t.me/RaversNest
❑ANN : https://bitcointalk.org/index.php?topic=5393948.0
⚡Authorship
BitcoinTalk username : Brianlee011
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1770111;sa=summary
Wallet: 0xcC50dcD096bE4ea4569e444c1E2a1a5a74Ceeb71