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 .
Mission and Vision
The goal is to increase the security of assets stored on the blockchain. The risk of disruption to the system is getting smaller and there is no party responsible for the system itself, so anyone who wants to interfere will be in trouble. For example, if the government blocks access to cryptocurrencies, digital assets can still work as usual because the data is stored on other computer networks, so if you want to disrupt the system, you must attack all networks that have digital asset data. Well, with that said, Ravendex is developing a decentralized automated market maker protocol that will allow users to exchange and trade genuine cardano tokens in an unbelievable way. On top of the Cardano ecosystem, the eUTXO architecture provides a unique opportunity for exchanges to accumulate liquidity.
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.
The 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
Conclusion
RAVENDEX is a protocol that allows sellers and buyers to exchange tokens without the need for order books and exchanges. It uses an algorithmic equation that determines the exchange rate, based on the balance of the two tokens mentioned, as well as the actual demand for the selected pair. RAVENDEX provides us with a very user-friendly interface and allows investors to exchange tokens without worrying about the need to register an account or any KYC procedures.
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
To know more , check the links below
- 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/
Username : Ozie94
Profile : https://bitcointalk.org/index.php?action=profile;u=2103066
ADA Wallet Address : addr1q852nek63x5gajs32kct0l3y0hw4x2w7e6mcgggmdjk7vvlez0um2kkaqnjfka5sztcar7nkh8gr87df5ju8dnvlv72suz64ej