For those unaware, Ravendex is the first Cardano-based exchange that allows instant transactions at low fees.

In a bid to raise funds to support its operations, the team at Ravendex is pleased to announce the launching of its private sale, scheduled to commence on October 5, 2021.

With the launch of the token sale, users will be able to swap their Cardano tokens to generate passive income. Liquidity providers will earn interest for pooling or contributing their digital assets into the liquidity pool for others to borrow. Ravendex supports ADA users with price feed transactions, asset price displays, as well as wallets to store their tokens. 

Being a project that is poised to gain massive traction, token holders can sell their assets to make increased profits. What’s more? Ravendex offers low-fee transactions to encourage cryptocurrency enthusiasts to further adopt the concept of decentralized finance. 

The $RAVE Token

$RAVE is the native token of the Ravendex protocol. With a total supply of 1 billion $RAVE in circulation, token holders can interact with the Cardano network by lending, staking, contributing to the liquidity pool, and endorsing Cardano projects. Ravendex users can use the token to purchase goods and services on the ecosystem and also enjoy a discount for paying transaction fees using the token. 

The private sale of $RAVE will commence on October 5, 2021. This is the first phase of the sale, and it will be open to early adopters. You can be a part of the private sale through this link.

After the private sale, there will be a public sale which will come in 5 phases. During the public sale, 100 million $RAVE tokens will be in supply at the rate of $0.005 per token. Also, there will be a seed phase where over 200 million $RAVE tokens will be available for sale at the rate of $0.006 per token. Users can read this guide for more details on how to join the presale. 

In the weeks to come, Ravendex will scale to become a fully decentralized autonomy community. The team at Ravendex intends to grow the project to a point where community members will have the right to vote and be voted for.

Ravendex is a Cardano-powered decentralized and non-custodial exchange that allows instant and swift asset transfer between ADA and native Cardano tokens. In other words, Ravendex is a cross-chain exchange that functions using the EUTXO model based on the Cardano blockchain.

Ravendex is known for its shared liquidity feature. It allows for the splitting of liquidity on the Cardano blockchain. Ravendex is also the first Cardano-based project to conceive the idea of cryptocurrency borrowing and lending via the recently updated Alonzo Hard Fork. 

Ravendex is different from other projects on the Cardano blockchain in that it allows users to lend their digital assets to a liquidity pool to earn interest. It also allows users to borrow from the pool by providing collateralized assets. The fees charged by Ravendex are infinitesimal. The team members are persons of impeccable character who understand the fintech and blockchain industries. 

Ravendex on social media: Twitter | Telegram | Github.

The post Ravendex Launches Private Sale, Promises Massive Rewards appeared first on BeInCrypto.

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