Ravendex, one of the first decentralized exchanges based on the Cardano blockchain, has released a front-end demo of its DEX.
When launched, it will solve the Cardano concurrency problem by allowing many transactions to be processed at the same time.
This significant achievement by the Ravendex team is relevant for the entire blockchain industry, and we may see it become the favorite DEX on the Cardano blockchain.
The team is highly interested in scaling the Cardano blockchain to the task because it will let numerous users perform multiple swap transactions while utilizing the low fees of the cardano network.
The launch of Ravendex’s front-end sample version comes just days after the company’s private sale, which attracted a large number of early adopters who took advantage of the $RAVE token’s low pricing.
$RAVE TOKEN
The $RAVE token will run the Ravendex multi-protocol ecosystem, allowing holders to contribute liquidity and support to their favorite projects while earning. This will be important to the advancement of the DeFi system.
The Cardano blockchain was utilized to Mint the $RAVE Token, which has a total supply of one billion coins. Holders of $RAVE will be able to participate with the Cardano network by staking their coins, providing liquidity, and making endorsements.
$RAVE holders can earn up to 25% interest on their staked assets by using our staking platform.
At the end of each cycle, returns are calculated based on the amount staked.
In addition, in exchange for liquidity fees, all holders will be able to provide liquidity to projects that will be published on our DEX.
Seed Sale for $RAVE Tokens
Expect the seed sale of $RAVE tokens to begin on October 20th, and investors who want to get in on the ground floor can do so by joining the $RAVE Token Sale.
About Ravendex
Ravendex is a Cardano-based crypto project that aims to establish a decentralized exchange.
Its purpose is to build a platform with exceptionally low rates and the capacity to quickly perform cross-border transactions.
It also aims to include features that Cardano fans will like. We also intend to create a community of active investors who may vote on issues. They can lend coins or provide liquidity as we look forward to building a fully functional decentralized exchange.
Social links
Twitter: https://twitter.com/Ravendexlabs
Telegram: http://t.me/ravendexlabs
Github: https://github.com/Ravendexlabs
Media contact
Company: Ravendex Labs
Contact Name: RavenDex
E-mail: hello@ravendex.io
Website: https://ravendex.io/
