In 2022, Bitcoin, Ethereum, and the entire cryptocurrency market crossed three trillion in total value. The primary market boomed, retail capital entered the scene and the Bitcoin futures ETF became a reality. Bitcoin legal tender status was awarded in El Salvador. The carnival of Meme Coin was alive with success and DAO turned into 2.0. Players inside and outside of the industry have always contested Metaverse and Web3. There are always new things to learn and appreciate when it comes to the world of crypto. To get a better understanding of the future of DEX, let’s take a look at how it has evolved throughout history.
RAVENDEX is a revolutionary DEX in the crypto world. This exchange will enable cryptocurrencies to buy and sell quickly, efficiently, and consistently. The exchange uses top-notch technology such as the eUTXO system which allows liquidity splitting and sharing between different cryptocurrencies. It allows users to trade in their native currencies and crypto assets they have issued. RAVENDEX is unique because of its many features. One of the features is a support bridge between the ERC20 token and the Cardano blockchain. RavenDex will create an EVM to allow seamless integration between ERC20 crypto-assets with the Cardano Blockchain system. RavenDEX users who hold Erc20 tokens can use the EVM Bridge infrastructure to easily connect them.
The Cardano blockchain bridge infrastructure was built to make it easy for users and groups of people to move their assets or projects to Cardano. Other benefits include lower transaction costs, faster transactions, asset security, and more. The Cardano blockchain bridge will be available for all ERC2O tokens.
A Church of DEX
The goal of the blockchain is to improve the security and integrity of assets. The threat of disruption to the system decreases and there is no one responsible for it, so anyone who wants or needs to interfere with the system will be in trouble. Imagine, for example, that the government blocks access to cryptocurrency. Digital assets can still function as normal in this scenario because the data is stored on different computer networks. If you want to disrupt the system, then you need to attack all networks that store digital asset data. Ravendex is currently developing a decentralised automated marketplace maker protocol that will allow Cardano token holders to trade and exchange them unbelievably. The eUTXO architecture, which is part of the Cardano ecosystem offers an unique opportunity for exchanges and traders to accumulate liquidity.
Rave Tokens and Rave NFTs are the power behind ravenDex. The RAVE blockchain is used to implement the ecosystem. It can be used to integrate any type of intelligent contract and its proof-of-stake (PoS), voting system. Anyone can use their NFTs to buy Raves and other NFTs within the RAVEN ecosystem by implementing the NFT Staking idea. They can also vote for ecosystem proposals and participate in community governance.
NFT Staking Mechanism of Ravendex
Users can stake RAVE tokens to get staking rewards that are based on how many tokens were staked. This ecosystem allows for random selection of certain numbers of RAVE tokens. Each week, owners of such tokens will receive a dividend. RAVEENDEX allows users to sell or stake their RAVE tokens.
RAVENDEX was designed to give back to its holders. Users can earn RAVE by minting staked NTs. They will also be able to keep their RAVE balances safe from misinterpretation, which will allow them to receive 15% monthly rewards when staked.
In RAVENDEX Smart Farming, It creates a decentralised network that combines IoT and AI to allow proper governance and management. Its goal is to provide stability and sustainability in agricultural environments. This will result in a profit for the users. RAVEN NFTs can be held to receive the REVENDEX's growing and scaling profits.
RAVENDEX currently has an ISPO staking program that allows ADA token delegators earn RAVE tokens. Based on the amount of their holdings, users will be eligible to receive RAVE tokens. This is a way to support the ADA Blockchain and allow new Cardano users. Users can use either DAEDALUS or YOROI wallets to delegate their ADA tokens to the stake pool.
RAVENDEX allows buyers and sellers to trade tokens without the need for ordering books or exchanges. It employs an algorithmic equation to determine the exchange rate. This is based on the amount of tokens listed and the actual demand for each pair. RAVENDEX offers a user-friendly interface that allows investors to trade tokens without the need for KYC or registration.
For more information, please visit the following links:
Website : https://ravendex.io/
ISPO Link : https://ispo.ravendex.io/
Telegram : https://t.me/RaversNest
Twitter : https://twitter.com/ravendexlabs
ANN : https://bitcointalk.org/index.php?topic=5393948.0
Github : https://github.com/Ravendexlabs
Medium : https://ravendex.medium.com/
| Author Bitcointalk ID | Currencyguide |
|---|---|
| BTT link | https://bitcointalk.org/index.php?action=profile;u=2103545;sa=summary |