(MENAFN- Newsfile Corp) Ravenden Launches A Non-Custodial Cardano Native Token Staking Platform
Dublin, Ireland — (Newsfile Corp. — February 21, 2022) — Ravendex team is proud to announce the launch of its staking platform. It is a Cardano crypto project intending to build and develop a host of Defi Services including a completely decentralized exchange platform on the Cardano ecosystem.
Ravendex is ‘the first non-custodial Decentralized Exchange on the Cardano Blockchain that allows the swift and near-instant transfer of assets and liquidity between native Cardano tokens and ADA.’ Hence, users can swap Cardano native tokens independently of an intermediary party during their transactions.
Figure 1: Ravendex Launches A Non-Custodial Cardano Native Token Staking Platform
Working across several tokens on the Cardano Blockchain, its operation is based on the EUTXO model with unique features that include the ability to split shared liquidity among different Cardano-based assets.
More so, it belongs to the pioneer exchanges that brought crypto-asset borrowing and lending to the Cardano Ecosystem. Thanks to this innovation, cryptocurrency investors can easily borrow or lend out their digital assets in the Ecosystem.
According to the team, Ravendex is currently trading on two exchanges — Muesliswap and Sundaeswap. That’s in addition to trading on Bitmart to give users a wide range of options.
The permissionless Rave staking platform with 12% APR is live now with over 30 Million Rave tokens already staked while the team is close to launching its DEX testnet.
The project aims to transform into a full DAO governed by Rave NFT Holders, over 10,000 pixelated raven birds, and a native staking platform on the Cardano Blockchain which are currently minted.
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.
How to Participate in the ISPO
Cryptocurrency investors who are interested in the ISPO can participate through their Yoroi or Daedalus wallets. ADA holders can use either of the wallets to assign their assets to a stake pool and get staking rewards in exchange.
To benefit from this offer, participate in the Ravendex ISPO by using the Ticker RAVEP to delegate to Ravendex stake pools. You will receive $RAVE tokens in reward for the staking in line with the staking duration and ADA staking amount.
ISPO Details
- Total $RAVE rewards: 66,560,000 $RAVE.
- ISPO Launch: Epoch 320.
- ISPO Block End Time: 352.
- Duration: 32 Epochs.
- RAVEP: $RAVE ISPO 100% Pool.
- 1 ADA staked = 0.0325 $RAVE per epoch.
RAVE Token
Read More about the utility token, RAVE that will power the RAVENDEX ecosystem
$RAVE is a Cardano Native token deployed on the Cardano Network.
Rave has a total supply of 1 Billion, With $RAVE, you will be granted the ability to interact with our platform on the Cardano network, staking, providing liquidity.
View $Rave On Cardanoscan
Token Name: Ravendex
Token Ticker: $RAVE
Rave Total Supply
How Many Rave Tokens Will Ever Be Minted?
$RAVE token, the asset that will power the Ravendex multi protocol platform and also allow holders to support their favorite projects by giving liquidity while receiving rewards. That will allow you, as a token holder, to actively engage in the shaping of the DeFi landscape.
- Total Supply : 1,000,000,000 Rave Tokens
The Roadmap
Please note that the roadmap is an estimated time guide of the Ravendex project, and we might be able to deliver earlier than or in rare cases later than what's outlined in our 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
Q2 . 2022
- Ravendex Governance
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
More information about Ravendex
- Website : https://ravendex.io/
- Telegram : https://t.me/RaversNest
- Twitter : https://twitter.com/ravendexlabs
- Github : https://github.com/Ravendexlabs
- Medium : https://ravendex.medium.com/
Username : ciung_lee
Profile : https://bitcointalk.org/index.php?action=profile;u=2712533
ADA Wallet Address : addr1qyqtnghlqzgm3rq42dq6lju824xfmpgjnw4zw0n0pek7uxvch5dr4sq5a943s9rr8cq92te4vu84fln0c25wqc0mjr7qh7eq2r