Ravendex on a Mission to Become the Go-To DEX On The Cardano Blockchain
- Written by Newsfile
Dublin, Ireland--(Newsfile Corp. - November 8, 2021) - Ravendex[1] becomes a perfect DEX on the Cardano Blockchain. Ravendex is a Cardano-based decentralized exchange utilizing the automated market maker (AMM) protocol with a goal to enable users to trade their cryptocurrencies on the Cardano blockchain without having to rely on a central authority to control it.
Figure 1: Ravendex On A Mission To Become The Go To DEX On The Cardano Blockchain
About Ravendex
Ravendex is a decentralized exchange built on the Cardano blockchain where users can easily convert their native Cardano assets to ADA. It plans to provide wallet connect feature, price feed transactions, and Asset Price Displays to all her users.
Ravendex aims to make DeFi more accessible by providing fast and secure transactions with affordable costs. And will be able to process trades using smart contracts that are based on mathematical calculations.
Staking Platform
A Staking platform where users can be able to stake their $RAVE tokens and earn rewards as well as a lending and borrowing platform will be one of the numerous features of the Ravendex ecosystem, making it stand out among other Cardano projects as one of the few third generation blockchain projects to do so.
Multiple Liquidity Pools
Ravendex, like other DEX such as Uniswap and Pancakeswap will make trading possible by utilizing a variety of assets shared across multiple liquidity pools. Traders will be able to swap and buy tokens from pools that users have locked up their funds in, while liquidity providers earn commissions in return. Investors and liquidity providers can provide liquidity to tokens in exchange for transaction fees.
Users will not need to go via a third party to trade on Ravendex; instead, holders of our native token, $RAVE, will make the decisions surrounding Ravendex. All users who have it, will be able to propose improvements to how the ecosystem should work.
Trustworthy DEX statistics
Ravendex also aims to provide trustworthy DEX statistics by displaying transaction volume and emphasizing that no KYC is necessary to use our platform, guaranteeing that users' financial privacy and anonymity are protected.
Ravendex is on a mission to power and promote decentralized financial apps developed by Cardano projects by delivering a range of powerful service offerings such as a DEX, IDO Launchpad, and Borrowing & Lending Platform.
Every token sales of Ravendex[2] has filled up within hours of making it live, showcasing users immense support and trust.
Ravendex will not fail to deliver an increasingly greater assortment of services to take the Cardano ecosystem to the next level as we continue to create and stick to our strategy.
Benefits of using Ravendex
Traders can obtain Cardano-based tokens on Ravendex since we will provide access to newly launched Cardano tokens before they are available on centralized exchanges.
Decentralized exchanges are undoubtedly here to stay, and investors who want to be a part of the future can include $RAVE in their portfolio.
Ravendex is also very important for those users who want to swap their way into a wider selection of Cardano projects.
Why The Cardano Ecosystem?
The Cardano blockchain has increased in popularity and value over the last four years, particularly with the activation of its smart contract following the Alonzo hard fork upgrade to Cardano's mainnet, which enabled the deployment of Dapps on the Cardano blockchain.
Despite the spike in demand, there are still little flaws in the ecosystem that all cryptocurrency fans are aware of and one of them is difficulty in trading ADA based tokens. Ravendex emerged as a result of the lack of a seamless way for investors to trade tokens on the Cardano blockchain.
Social Links:
Telegram: http://t.me/ravendexlabs[3]
Twitter: https://twitter.com/Ravendexlabs[4]
Contact Channels:
Company Name: Ravendex Labs
Email: hello@ravendex.io
Website: https://ravendex.io/[5]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102452[6]
References
- ^ Ravendex (www.newsfilecorp.com)
- ^ Ravendex (www.newsfilecorp.com)
- ^ http://t.me/ravendexlabs (www.newsfilecorp.com)
- ^ https://twitter.com/Ravendexlabs (www.newsfilecorp.com)
- ^ https://ravendex.io/ (www.newsfilecorp.com)
- ^ https://www.newsfilecorp.com/release/102452 (www.newsfilecorp.com)