Back with me zorzia this time I invite you to review the interesting RavenDex Token project that will lead you to your next success.
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
RavenDex is a noncustodial exchange protocol based on Cardano Blockchain. RavenDex is a decentralized AMM (Asset Management Module), built on top of the Cardano blockchain, that enables users to trade and exchange their ADA tokens in a trustless manner. RavenDex's eUXTO (exchange using UTXOs) structure allows exchanges to pool liquidity. It uses Cardano's UTXO model to enable the smooth and fast transfer of assets, and liquidity among Cardano tokens. RavenDex will power the future Ecosystem of Cardano Blockchain with its robust and flexible API that allows any entity to launch their own DEX application on top of RavenDex Protocol directly from their browser.
With these, users will be able to exchange and trade their ADA token against other assets trustlessly. This system is unique because it enables pools of liquidity to form, which means that exchanges may pool together the funds that come in from different sources into a single big pot, where they can then use the funds as one big lump sum when making trades. This leads to more stable pricing and better trading results for everyone involved.
Mission of RavenDex
RavenDex’s mission is to provide a secure and reliable platform that allows users to trade cryptocurrency without having to worry about security or privacy since all transactions are anonymized. With the launch of RavenDex, users have an option to trade in different fiat currencies, as well as with multiple digital currencies.
RavenDex employs smart contracts which allow users to place orders for token pairs directly from their own wallet. In addition, users can also benefit from the platform’s support for Atomic Swaps – a feature which allows them to transact at substantially lower costs than those charged by traditional centralized exchanges. RavenDex considers user privacy as a top priority. As such, all transactions are completely private and anonymous by default. The RavenDex team is currently working on implementing features that will support the creation of decentralized applications (DApps) on top of the exchange's interface.
How RavenDex Token ($RAVE) Calculated
RavenDex, a non-fungible token (NFT) exchange platform, announced its new token RavenDex ($RAVE). RavenDex $RAVE is an ERC-721 token based on the Ethereum blockchain and has a total supply of one billion tokens. $RVE has a fixed supply, cannot be mined, and will be available for purchase during their upcoming public sale. A total of 5% of the total supply will be sold to public in their sale which is scheduled for late September 2018.
RavenDex $RAVE will be used as a payment method for transactions on RavenDex.io as well as other NFT exchanges to be integrated onto RavenDex. RavenDex $RAVE users must hold at least 30,000 $RAVE token in wallets and also stake minimum of $50 ADA. Currently over $9 million worth of ADA has been staked in RAVE.
RavenDex plans to add more NFTs in the future and add more features to the platform to make it the largest NFT exchange platform. Interested parties can join their announcements channel for updates about their public sale and more details about RavenDex.
RavenDex Initial Stakepool Offering (ISPO) Explained
Also, Ravendex unveiled an innovative fundraising method called an Initial Staking Pool Offering (ISPO). It will bring decentralized token sales (IDOs) to the ADA staker community. Tokens should be locked in ISPO for a certain fundraiser's stake pool. They get native ISPO organizer tokens for it. People may use Ravendex to lock their ADA into the RAVEP stake pool. Contributors will get all incentives in RAVE tokens.
The Ravendex team has allotted 66,560,000 RAVE for an ISPO endeavor. ADA Epoch 320-352: ISPO will be open for 32 ADA Epochs. Each ADA token staked yields 0.0325 RAVE each epoch. Decentralized ADA holders may stake their tokens using Yoroi or Daedalus wallets. With Ravendex's growth and its staking program introduction, the crypto markets are bullish. RAVE/USDT prices surged from $0.003 to $0.0045 on the first day of staking, a 50% increase.
Traders and experts expect the RAVE price to rise further higher based on RSI, MAs, and Bollinger Bands. Notably, the coin hit an all-time high of $0.024 on December 25, 2021.
How Bridge ERC-20 to Cardano Network
RavenDex have recently developed a new method of creating a full ERC20 token on Cardano (ADA) blockchain named RavenDex Token ($RAVE). This method requires ZERO code changes, which give the $RAVE a unique advantage over other ERC-20 Tokens. RavenDex plans to develop more ERC20 token bridges in the future. With a simple TokenBridge add-on, it will allow users to deploy "token-bridges" within minutes and start using that bridge as an off-chain service with the ability to interact with any contract that accepts or sends tokens.
Finally, RavenDex is being built as a Cardano-based decentralized exchange that allows peer-to-peer trading of assets such as NFTs. With improved functionality and supported by blockchain technology, it has the potential to facilitate value transfers in a more secure and trustworthy manner. Token holders have the opportunity to stake their assets for rewards, which includes the possibility of conversion into fiat or other cryptocurrencies. As RaveDex becomes better known among users, there's little doubt that it could become the go-to platform for users looking to trade NFTs.
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
Website: https://ravendex.io
Documentation: https://docs.ravendex.io/
Github: https://github.com/Ravendexlabs
Telegram: https://t.me/RaversNests
Twitter: https://twitter.com/ravendexlabs
Medium: https://ravendex.medium.com/
Author : zorzia
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2283026
ADA Wallet Address addr1q8w085706vld8rdzxv86u8uzmw8pf44ya6dm6gqdmvnnctce3zxl0zqe7vw8g84r8qn2l48kanrvz9gxhr4xc6ne4epsgfknve