RavenDEX Ecosystem Overview
Introduction
The world of Cryptocurrency is full of dynamism. Cryptocurrency industry has never been the way it used to be ever since the inception of Decentralized Finance popularly known as DeFi . Different cryptocurrency projects has incorporate DeFi into their ecosystem to boost their project economy and ensure fairness and unending profitability for their users. DeFi technology is a game changer in the global crypto space . In this publication i will be discussing about RavenDex , a game changing Non Custodial DEX based on Cardano Blockchain . The protocol will enable smooth and fast transfer of assets, and liquidity among cardano tokens , and using the cardanao EUTXO protocol which is capable of sharing liquidity among different class of assets on Cardano Ecosystem.
Features of Ravendex
Ravendex is different from other projects on the Cardano blockchain because of its special features that enable the Borrowing and Lending Protocol, which will allow users to lend their digital assets to the liquidity pool to earn interest. . It also allows users to borrow from the pool by providing collateral. The fees charged by Ravendex are very small. The team members are perfect personalities who understand the Fintech and blockchain industries well.
Initial Stakepool Offering (ISPO)
The team seized the opportunity to announce its new fundraising mechanism, the Initial Stakepool Offering. The ISPO will allow the ‘Cardano community to support their favorite project without letting go of their ADA assets but instead, leveraging Cardano’s native reward incentive structure.’
Interested delegators can stake their ADA to the RAVEP stake pool and earn $RAVE rewards.
The deserving delegators who stake their ADA on the Ravendex stake pool will be rewarded with a portion of the staking rewards.
To ease the staking process and put investors’ minds at rest, they can stake ADA without locking their tokens or the tokens leaving their wallets.
Where and how can you participate in the Ravendex ISPO
You can delegate your ADA to a stake pool in exchange for staking rewards using Daedalus or Yoroi wallets.
Using the Ticker RAVEP, you can delegate to Ravendex stake pools and participate in the ISPO.
The amount of ADA staked and the length of time spent staking will determine how much $RAVE tokens you receive in return.
The project supported by experienced and highly qualified team, which in my opinion is able to bring the project to the highest level in the shortest possible time and I hope they succeed. The one significant quality, which makes blockchain technology a revolutionary product is its decentralization. Decentralization refers to a system with no intermediary authority like a banking or financial body, and it distributes the right of authority from a single entity to multiple individuals. Still, many investors and traders have been investing in digital currency through centralized exchanges, which is not following the blockchain controls everything from funds to transactions.
About RAVENDEX Platform
RAVENDEX has emerged to be a game changing DEX in the global crypto space. The exchange will allow smooth , fast and consistent buying and selling activities of various cryptocurrencies . The exchange has deployed some top notch technology like EUTXO system which allows liqudity split and sharing among various cryptocurrencies . It supports trading in native coins and users issued crypto assets. As stated earlier, RAVEN DEX stands out due to so many features . Amongst the features includes supporting bridge from ERC20 token to Cardano chain . RavenDex will build an EVM which will allow smooth bridge between ERC20 crypto assets into Cardano Blockchain system . This simply means users holding Erc20 tokens and wanting to invest their assets in RavenDEX can easily bridge them without any hassle using the EVM Bridge infrastruture.
The goal of building the bridge infrastrucure is to ensure ease of use for users , group of people and project willing to migrate their project or assets to Cardano blockchain . Additional benefits is reduced transactions charges, high transaction speed, security of assets and much more. It will make Cardano blockchain bridge available for any ERC2O token .
RAVENDEX NFT , STAKING OF NFT AND GAMIFICATION
RavenDex is powered by the Rave Token and Rave NFTs . The ecosystem implements RAVE blockchain which is capable of intergrating any kind of smart congtracts with its proof of Stake (PoS) Voting system . Through the implementation of NFT Staking concept , anyone can stake their NFTs o buy Raves or another NFT within the ecosystem on RAVEN platform . They can as well participate in the community governance program such as voting for proposals on the ecosystem .
RAVENDEX NFTs STAKING
(a) Staking RAVE tokens allows users to receive staking rewards based on the amount of token staked . The ecosystem allows random chosing of a certain numbers of RAVE in which owners of such token will be paid a reward every week . Users is free to stake or sell their RAVE token at time on RAVENDEX.
(b) RAVENDEX has been designed to give back to holders . Users will earn RAVE through miniting staked NFTs and keeping their entire RAVE balaces protected from mixup, hence enabling users to earn 15% monthly rewards when staked .
(c) RAVENDEX SMART FARMING : It implements decentralized network which comprises of IoT mechanims and AI which allows proper goverance and management of farming .The goal is to ensure sustainability and stability farming enviroments which will profit the users .Holding RAVEN NFTs allows holders to benefit from the profit generated from the REVENDEX as it grows and scales.
Currently RAVENDEX is conducting a staking program (ISPO) which allows ADA token delegators to earn RAVE token . Users will be able to earn RAVE token based on the amount of their holding . This goal is to support the ADA blockchain and allows new users to Cardano ecosysem . Users can delegate their ADA token to stake pool in the exchange by using either DAEDALUS OR YOROI Wallets.
Roadmap
Q3 . 2021 Completed
Announce RavenDex Project
Website Creation
Deploying Rave Token On The Cardano Blockchain
White Paper Creation And Release
Awareness Sensitization Campaign
Launch Telegram Group, Twitter and Reddit Communities
Tokenomics Release
Q4 . 2021
Ravendex Swap Demo Release
Initial Token Sale To Early Adopters
Token Distribution (No Vesting)
Staking Platform Development
Exchange Listing
Ravendex ISPO
Q1 . 2022
Ravendex Testnet Release
2nd Exchange Listing
Ravendex Swap Development
DEX Listing
NFT Staking Development
3rd Exchange Listing
Staking Platform Release
Ravendex Swap Development Progess Update
Ravendex NFT Staking
• Ravendex Governance
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
More information about Ravendex please visiting
Website : https://ravendex.io/
Telegram : https://t.me/RaversNest
Twitter : https://twitter.com/ravendexlabs
Github : https://github.com/Ravendexlabs
Medium : https://ravendex.medium.com/
AUTHOR
Bitcoin username: Xyline$
Bitcoin profile name: https://bitcointalk.org/index.php?action=profile;u=3457392
Telegram username: @Xyline2
POA Link: https://bitcointalk.org/index.php?topic=5393948.msg60224939#msg60224939
Wallet address: addr1qyxdhmclgdunlc53u92h3vgw2ueltqrrk7l8jhwkg3q0ut0v79nak6z5ayead5rvrd4ct24stnw90vr0nwpqaz8e806q22d2wh