RAVENDEX , WORLD FIRST DECENTRALIZED EXCHANGE DEVELOPED ON CARDANO BLOCKCHAIN
Introduction
Cryptocurrency exchange is a platform designed for the buying and selling of cryptocurrencies . In the past, centralized exchanges has gained high dominance but nowadays DEX decentralized exchanges is taking over. There are countless beneficial advantages in using Decentralized Exchanges rather than the counterpart. DEX gives users financial freedom by allowing them to retain complete custody of their crypto assets. This is unlike in the centralized exchanges where users funds can be locked , delayed or stolen . In this article, i will be discussing about RAVENDEX a game changing Non Custodial Cryptocurrency exchanges developed on Cardanon blockchain . This is a game changing innovation and am sure it will attract large numbers of users. RAVENDEX will allow users to conduct their crypto trading activities seamlessly in a fully decentralized ecosystem on Cardano blockchain . It will offer a decentralized cross chain trading infrastructure that will enable fast trading of digital assets and allows crosss chain trading and transfer of crypto assets belonging to different blockchains.
About RAVENDEX Platform
RAVENDEX has emerged to be a game changing DEX in the global crypto space. The exchange will allow smooth , fast and consistent buying and selling activities of various cryptocurrencies . The exchange has deployed some top notch technology like EUTXO system which allows liqudity split and sharing among various cryptocurrencies . It supports trading in native coins and users issued crypto assets. As stated earlier, RAVEN DEX stands out due to so many features . Amongst the features includes supporting bridge from ERC20 token to Cardano chain . RavenDex will build an EVM which will allow smooth bridge between ERC20 crypto assets into Cardano Blockchain system . This simply means users holding Erc20 tokens and wanting to invest their assets in RavenDEX can easily bridge them without any hassle using the EVM Bridge infrastruture.
The goal of building the bridge infrastrucure is to ensure ease of use for users , group of people and project willing to migrate their project or assets to Cardano blockchain . Additional benefits is reduced transactions charges, high transaction speed, security of assets and much more. It will make Cardano blockchain bridge available for any ERC2O token .
RavenDEX allows easy momvement of users ERC20 token to Cardano just like the native ADA token . The bridge allows users to keep their ERC20 assets and making them useful on Cardano Chain .
RAVENDEX NFT , STAKING OF NFT AND GAMIFICATION
RavenDex is powered by the Rave Token and Rave NFTs . The ecosystem implements RAVE blockchain which is capable of intergrating any kind of smart congtracts with its proof of Stake (PoS) Voting system . Through the implementation of NFT Staking concept , anyone can stake their NFTs o buy Raves or another NFT within the ecosystem on RAVEN platform . They can as well participate in the community governance program such as voting for proposals on the ecosystem .
RAVENDEX NFTs STAKING
(a) Staking RAVE tokens allows users to receive staking rewards based on the amount of token staked . The ecosystem allows random chosing of a certain numbers of RAVE in which owners of such token will be paid a reward every week . Users is free to stake or sell their RAVE token at time on RAVENDEX.
(b) RAVENDEX has been designed to give back to holders . Users will earn RAVE through miniting staked NFTs and keeping their entire RAVE balaces protected from mixup, hence enabling users to earn 15% monthly rewards when staked .
(c) RAVENDEX SMART FARMING : It implements decentralized network which comprises of IoT mechanims and AI which allows proper goverance and management of farming .The goal is to ensure sustainability and stability farming enviroments which will profit the users .Holding RAVEN NFTs allows holders to benefit from the profit generated from the REVENDEX as it grows and scales.
领英推荐
Currently RAVENDEX is conducting a staking program (ISPO) which allows ADA token delegators to earn RAVE token . Users will be able to earn RAVE token based on the amount of their holding . This goal is to support the ADA blockchain and allows new users to Cardano ecosysem . Users can delegate their ADA token to stake pool in the exchange by using either DAEDALUS OR YOROI Wallets.
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
Github :?https://github.com/Ravendexlabs
Medium :?https://ravendex.medium.com/
Authorship
Bitcointalk username: mrnaime
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2837119
Crypto Trader, Enthusiast in Blockchain Technology.
2 年This exchange allow smooth and fast buying and selling activities.
Crypto Enthusiast, ICO Investor,Trader, Bounty Hunter, Blockchain
2 年Excellent