#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
Hello everyone, this new post I would like to introduce about a very interesting and good RavenDex project i.e. and for more details let's go to the following discussion:
RavenDex is a new platform in the crypto world that promises to combine Cardano (ADA) and ERC-721 (non-fungible token — NFT) together in an exciting way. Or, to put it another way, this is the result of Cardano's encounter with CryptoKitties. In other words, you can think of CryptoKitties as collectibles that cannot be exchanged for cash.
Since its inception at the end of 2017, the project has had a distinct success rate with its unique concept of buying and exchanging digital products. While it may seem unusual at first, combining an ERC-20 token with a non-exchangeable token might be the right thing to do. These two communities need to attract new members.
For a long time, the only thing that distinguished Cardano from other cryptocurrencies was the release of their smart contract platform. When Cardano Proof-of-Stake technology was first implemented, it was the first blockchain to do so. One of the first steps to making blockchain networks more secure and decentralized is taken here.
The non-exchangeable ERC-721 tokens represent certain assets. There are ERC-721 tokens for every collectible card game (CCG), such as Hearthstone, and each token can be traded on the open market. A decentralized NFT exchange based on Ethereum and Ouroboros, according to the RavenDex website. Since there are no middlemen or fees involved, transferring your NFT tokens will be easy.
Smart contracts that help create new NFTs are also their goal, which the crypto market has so far been lacking.
Due to its primary focus on trading ERC-721 tokens on the Cardano blockchain, RavenDex refers to itself as an “exchangeable collectible” rather than a cryptocurrency exchange. As a result, RavenDEX Exchange will allow you to exchange your NFT for ADA or any other supported coin. As an added bonus, this exchange allows you to convert your ERC-721 tokens to ADA, unlike most other tokens.
About RavenDex
RavenDex is a decentralized exchange that allows users to trade cryptocurrencies in a safe and trustworthy manner. The $RAVE token will be used to trade on RavenDex. The token was launched on the Cardano Blockchain and funded through the ongoing RavenDex ICO. RavenDex main goal is to become an important player in the cryptocurrency market. Exchanges that work with multiple blockchains are how this platform intends to achieve this goal.
By allowing cross-chain trading between any currency in the platform chain, RavenDex will make it easier for customers to exchange between $RAVE and other trading currencies. RavenDex eventually wants to be the most popular Ethereum DEX, but RavenDex plans to transfer to other platforms whenever possible to increase the use of RavenDex.
Create an account using your real name or pseudonym to take advantage of RavenDex services. There is no limit to what you can use this name for, from your Coinbase login to anonymous nicknames if you wish. To start trading, you need to open an account and put money into it. However, this site has a disclaimer about this feature: Please note that deposits are non-refundable and non-refundable under any circumstances.
RavenDex Future Goals
RavenDex promises to be the next generation of decentralized platforms, backed by a diverse group of specialists across multiple industries and with a solid and secure architecture. RavenDex goal is to provide our customers with the best possible trading experience and to ensure that they are happy with RavenDex services. An ecosystem with low fees and fast transactions is the goal of this platform, which adheres to the greatest security and transparency standards.
Ethereum and ERC20 tokens can be traded, loaned, staked, or received as dividends. The lowest possible trading fees are ensured by the availability of trading on both centralized and decentralized exchanges.
The Cardano Blockchain is used for transactions by RavenDex. Known for its adaptability and privacy protection, Cardano is one of the most secure blockchains on the market. Tokens can be stored and traded on mobile devices or desktop computers using RavenDex.
You can do all this and more with RavenDex because it is a single platform. Veterans of Fintech, technology, and financial services have come together to develop a platform that is confident in its ability to deliver on its promises and create amazing products that will delight its users to infinity.
Below, here is $RAVE Token Utilities:
Staking Token — When your staking platform is up and running, holders of $Rave tokens will be able to use it to earn an extra 25 percent return on any assets they stake. The size of the stake is determined by the quantity of $RAVE that is allocated, and prizes are distributed at the conclusion of each cycle.
$RAVE Liquidity Mining — The $RAVE Liquidity Mining Program gives users who possess $RAVE the opportunity to participate in the provision of liquidity to projects listed on our DEX in exchange for a share of the fees generated by those transactions. You also have the option to “Stake” your LP Tokens in order to “Farm” new tokens.
Dex Exchange — Payment of DEX Platform Fees Will Be Made in $Rave Tokens; Vetted Projects Can Apply For IDO on Our Launchpad; Fees Will Be Paid.
Governance — This token (RAVE) intends to mature into a complete Decentralized Autonomous Organization in which decisions are made by holders of both $Rave tokens and NFTs.
In the end, if you are a Cardano enthusiast, Ravendex is the place to be. You can fill your $RAVE account balance through staking or by converting other assets in one of DeFi’s AMM powered Decentralized Exchanges. If you are looking for a project with a solid vision, and backed by a company that values quality and innovation, Ravendex is for you.
RavenDex is a decentralized exchange that will allow users to trade cryptocurrency in a secure and trustless manner. Trading on RavenDex will be done using the $RAVE token; A token launched on the Cardano Blockchain and funded through our ongoing ICO. RavenDex main goal is to become a major player in the cryptocurrency market. This platform plan to achieve this by becoming a decentralized exchange that works with several different blockchains.
Tokenomic For RAVENDEX
Ravendex will be a decentralized automated market maker protocol that enables trustless swapping and trading of native Cardano coins. This Data Ravendex Markets Data from CMC https://coinmarketcap.com/currencies/ravendex/
Name: Ravendex
Symbol: RAVE
Market Rank: #4115
Market Cap: $1,559,249.33
Fully Diluted Market Cap $1,559,249.33 (41.16%)
Smart Contrack: 14a3455f71c435a04ea1fdb50a3ef4c1cab0e79fb1565627ac66a575
Chain: CARDANO
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
Link Information Ravendex (RAVE) Token:
Website: https://ravendex.io
Twitter: https://twitter.com/Ravendexlabs
Telegram: https://t.me/RaversNest
Documentation: https://docs.ravendex.io/
Author : kemi123
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2692033
ADA Wallet Address : addr1qxjk0hcc9vghwqpx8fg9fgc6fz8674u7pyhdkutdgwlq7c3x2va0a49lc64f38qmu3fghd3r3spauckw3l297s0l42zqr0lu3r