Introduction
A cryptocurrency exchange is a platform designed to buy and sell cryptocurrencies. In the past, centralized exchanges dominated, but today DEXs dominate. There are countless advantages to using a decentralized exchange rather than a counterparty. DEX gives users financial freedom by allowing them to keep full custody of their crypto assets. This is different from centralized exchanges where user funds can be blocked, delayed or stolen. In this article, I will talk about RAVENDEX, a game changer for unattended crypto exchanges developed on the Cardanon blockchain. This is a revolutionary innovation and is sure to attract a large number of users. RAVENDEX will allow users to conduct their cryptocurrency trading operations seamlessly within a fully decentralized ecosystem on the Cardano blockchain. It will provide a decentralized cross-chain transaction infrastructure that enables the rapid exchange of digital assets and enables cross-chain transactions and transfers of cryptographic assets belonging to other blockchains. together.
About RAVENDEX Platform
RAVENDEX has emerged as a DEX game changer in the global crypto space. The exchange will allow the buying and selling of different cryptocurrencies to go smoothly, quickly and consistently. The exchange has implemented a number of advanced technologies such as the EUTXO system that allows the division and sharing of data between different cryptocurrencies. It supports trading of native coins and user-issued crypto assets. As mentioned above, RAVEN DEX stands out with many features. Among these features is the bridge of support from ERC20 tokens to the Cardano chain. RavenDex will build an EVM that will allow seamless connectivity between ERC20 crypto assets in the Cardano Blockchain system. This simply means that users who hold Erc20 tokens and want to invest their resources in RavenDEX can easily connect them seamlessly using the EVM Bridge infrastructure.
The goal of building a bridge infrastructure is to ensure ease of use for users, groups of people, and projects willing to migrate their projects or resources to the Cardano blockchain. Additional benefits are low transaction fees, fast transaction speeds, asset security and more. It will make the Cardano blockchain bridge available to any ERC2O token.
RavenDEX allows users to easily migrate ERC20 tokens to Cardano just like native ADA tokens. The bridge allows users to keep their ERC20 resources and make them useful on Cardano Chain.
RAVENDEX NFT , STAKING OF NFT AND GAMIFICATION
RavenDex is powered by Rave Token and Rave NFT. RAVE's blockchain implementation ecosystem is capable of integrating any kind of smart community with its Proof of Stake (PoS) voting system. Through the implementation of the NFT staking concept, anyone can point their NFT to buy Rave or other NFT in the ecosystem on the RAVEN platform. They can also participate in community governance such as voting on ecosystem proposals.
RAVENDEX NFTs STAKING
(a) Staking RAVE Token allows users to receive a staking reward based on the number of tokens wagered. The ecosystem allows you to randomly select a certain number of RAVEs, for which the owner of that token will be rewarded weekly. Users are free to stake or sell their RAVE tokens at the moment on RAVENDEX.
(b) RAVENDEX is intended to be returned to its owner. Users will earn SAVE by reducing their deposited NFT and keep their entire SAVE balance protected from trading, thus allowing users to earn 15% monthly staking bonus.
(c) RAVENDEX SMART FARMING: implementation of a decentralized network composed of IoT and AI mechanisms that allow agriculture and proper management. The goal is to ensure the sustainability and stability of the agricultural environment that will bring profits to users. from the profits generated by REVENDEX as it grows and scales.
RAVENDEX is currently conducting a staking program (ISPO) which allows ADA token delegators to earn RAVE tokens. Users will be able to earn RAVE tokens based on their resources. This goal is to support the ADA blockchain and allow new users to use Cardano ecosysem. Users can delegate their ADA tokens to the stock pool on the exchange using the DAEDALUS OR YOROI wallet.
The end
RAVENDEX is a protocol that allows sellers and buyers to trade tokens without ordering and trading. It uses an algorithmic equation to determine the exchange rate, based on the balances of the two tokens in question, as well as the actual demand for the selected pair. RAVENDEX provides us with a very intuitive interface and allows investors to trade tokens without worrying about account registration or any KYC procedures. RAVENDEX is not listed on regular exchanges. The specific order or quote could not be found. In the case of decentralized exchanges, everyone has the ability to add liquidity to the pool of their choice. Unfortunately, these liquidity providers can get it quickly and this can cause problems with the sale of selected tokens. Therefore, it is very important to ensure that the liquidity for the currency pair you want to trade is locked in.
#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/
Proof of authentication;
Bitcointalk name: RileyLeandro
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=3423860
Telegram username: @Edanamnh
Campaigns applied: video
Wallet: addr1qx90nsceu2f00syc6h97vxcyul0psft5u34ec6zh9jav2y4qquscdc086zxxtuaeq6auaxtx2c 5zak337fm643a2umwq48lg32