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RavenDex Has Released the Cardano DEX Front Demo Which Features a Modern UI/UX, Kicks Off $RAVE Token Pre-Sale Ravendex, one of the first decentralized exchanges built on the Cardano blockchain, has launched a front-end demo for their decentralized exchange

By Srivatsa KR

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Ravendex, one of the first decentralized exchanges built on the Cardano blockchain, has launched a front-end demo for their decentralized exchange

When the project is completed, it will solve Cardano's concurrency problem by allowing many transactions to be processed at once.

This enormous success by the Ravendex team is critical for the entire blockchain industry, and it is feasible that it will become the most popular DEX on the Cardano blockchain.

Stage 1 of RavenDex developments began during Q3 of 2021 which included the following milestones that the team completed successfully;

  • Making the project known
  • Release of RavenDex website
  • Rave token deployed on Cardano
  • Creating whitepaper
  • Building social media presence
  • Release of tokenomics

This project is currently in stage 2 which is expected to complete by the end of Q4. Aims to fulfil in this stage are;

  • Release of MVP
  • Token sale specifically for early adopters
  • Rave token distribution
  • Release of staking platform
  • RavenDex ambassador and bug bounty program
  • Adding support for Yoroi Nightly Extension as well as Nami
  • Announcement of Ravendex stablecoin pegged to US dollar
  • Announcement of Raven mAssets (three variants rBTC, rETH, and rBNB)

It is fascinating to see how quickly the project is progressing. According to the development team, they aim to launch in the coming months.

Ravendex's front-end demo version was released literally days after the private sale, which saw a huge number of early adopters take advantage of the cheap price of the $RAVE token.

$RAVE TOKEN

The $RAVE token will power the Ravendex multi-protocol platform, allowing holders to contribute liquidity and support to their favorite projects while earning.This is crucial for the improvement of the DeFi system.

The $RAVE Token, which has a maximum supply of one billion coins, was created on the Cardano network. Holders of $RAVE will be able to interact with the Cardano network, stake their coins, provide liquidity, and endorse others.

$RAVE holders can earn up to 25% interest on their staked assets through our staking platform. After each cycle, the returns are calculated and are proportional to the staked amount.

Additionally, in exchange for liquidity fees, all holders can provide liquidity to projects that will be listed on our DEX.

RAVENDEX INTENDS TO FORM A FORCE WITH PLUTUS PIONEER DEVELOPERS

Ravendex is looking forward to collaborating with PLUTUS Pioneers. This will immensely assist us in determining how best to serve you and help pave the way for the community's development.

$RAVE Token Pre-Sale

The $RAVE Token Pre-Sale will begin on October 26th, and investors who wish to get in on time can do so by participating in the $RAVE Token Sale.

About Ravendex

Ravendex is a Cardano-based crypto project that aims to develop a decentralized exchange.

Its focus is to develop a platform with exceptionally low rates and rapid cross-border transactions.

More importantly, it strives to include features that Cardano supporters would appreciate. We also want to create a community of active investors who can vote on issues. They can also lend coins or provide liquidity to build a perfectly functioning decentralized exchange.

Social Links:

Telegram: http://t.me/ravendexlabs

Twitter: https://twitter.com/Ravendexlabs

Github: https://github.com/Ravendexlabs

Contact Channels:

Company Name: Ravendex Labs

Contact Name: Raven

Email: hello@ravendex.io

Location: Dublin, Ireland

Website: https://ravendex.io/

Note: Investment in cryptocurrency is subject to risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.

Srivatsa KR

Start-up enthusiast & Blogger