Cardano-Based Dex Ravendex Readies For Staking & Launchpad Platform Release

Cardano-Based Dex Ravendex Readies For Staking & Launchpad Platform Release
фото показано с : zycrypto.com

2022-1-25 15:18

The crypto market has been bearish for the past few days and Investors have cut most cryptocurrencies including Bitcoin from their portfolios to avoid volatile assets while considering the low side of global markets due to the hawkish Federal Reserve, expecting higher interest rates.

This still does not stop Ravendex from launching its RAVE NFT, a 10000 Pixelated Raven Birds Collection with proof of ownership stored on the Cardano blockchain, as Ravendex team understands that quality remains forever. 

The NFTs will have real utilities, unlike others as it will earn users rewards in $RAVE, a coin launched by Ravendex to use in their ecosystem. Users can also stake $RAVE NFTs to increase their allocation weight for a project launching through their IDO.

Rave NFT holders can also List and sell their NFTs on Cardano Secondary NFT marketplaces.

$RAVE token, the utility token of Ravendex, a Cardano based Decentralized Exchange aiming to bring the AMM protocol to Cardano as Uniswap has done for Ethereum, has maintained a steady price and volatility despite the huge market dump.

Rave Token will offer holders the availability to vote on the Rave governance protocol, Trade, Provide Liquidity and Yield Farm the LP Tokens, stake and endorse upcoming projects that would launch through their IDO Platform.

The token’s price will be determined by the community as proof of its goals towards decentralization, currently trading on Bitmart and it has a current market cap of over 5 Million Dollars.

When launched, Ravendex will be the first project to utilize the AMM Protocol on the Cardano Ecosystem as others have chosen the Order Book and Scooper Models. Because it is based on the Cardano network, it is environmentally friendly and has low fees compared to proof-of-work mined coins like Bitcoin and Ethereum.

The Cardano roadmap is currently focusing on several updates to optimize and scale the network, hoping to achieve faster transactions and adopt the layer 2 Hydra solution, as its partner company Input Output just announced a promising scaling update that is supposed to increase Plutus script memory units per transaction to 12,5 million.

About Ravendex

Ravendex is on a mission to build and develop cutting-edge De-Fi Tailored solutions and also a decentralized exchange on Cardano Blockchain.

Buy Rave: http://bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic 

Media contact

Company: Ravendex Labs
Contact Name: Raven
E-mail: [email protected]
Website: https://ravendex.io/

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Источник: zycrypto.com

low considering → Результатов: 33


Фото:

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

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2019-3-13 22:26


Tron [TRX] Performance Last Week Was Low Despite so Many Activities On The Network, Why?

The past week had been full of activities for the Tron team, but unfortunately not a very good one for Tron native token TRX. This cryptocurrency was among the low performers out of the top 100, but there was a high expectation on TRX performance considering that the Tron team were engrossed in awareness and […] The post Tron [TRX] Performance Last Week Was Low Despite so Many Activities On The Network, Why? appeared first on ZyCrypto.

2019-1-22 00:34


2019 New Year Starts out with FIreworks, Showcases the “January Effect” Throughout the Crypto Market

The cryptocurrency industry did not reach the end of 2018 on a good note, which was drastically different from the year before. Some people were expecting some unsubstantiated bull run, considering the increase of $1,000 to the Bitcoin price since its lowest low of $3,200 on December 15th for the year. However, Bitcoin tragically hopped […]

2019-1-3 09:36


20% of All Bitcoin Is Permanently Lost and Unrecoverable, According to Researchers

A Wall Street Journal investigation and analysis suggested that users have misplaced a fifth of all Bitcoin. While this has not much in the way of ramifications for the technology, considering how it is designed to be deflationary and is divisible to a very low denomination, it has created a new industry of wallet hunters who […] 20% of All Bitcoin Is Permanently Lost and Unrecoverable, According to Researchers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-10 17:59


Фото:

Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

2018-7-1 19:35


Фото:

On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03


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