Ravendex sets for new era of decentralized finance
Digital assets and cryptocurrencies have experienced a surge over the last few years. Anyone who hasn't cut on purchasing any of these currencies regrets it. If you don't have the money to invest in dazzling coins such as Bitcoin and Ethereum, There are numerous ways to get into the crypto and blockchain market. You can even design your coin or token if you have a unique idea and use blockchain.
Ravendex is an uncentralized cross-chain trading system that permits near-instantaneous transfers or exchange of funds across distinct blockchains. Integrating the Smart Contract Architecture into the Exchange Layer allows for seamless and constant buy/sell transactions. The foundation of the system is the Cardano blockchain technology; Ravendex uses its distinct features to enable splitting the liquidity sharing between various cryptocurrencies by using the EUTXO model while also allowing the rapid trading of native currency or assets issued by users.
The decentralized exchange Ravendex is set to revolutionize cryptocurrency trading by utilizing its distinctive Cardano Blockchain-based design, giving users the ability to trade and transfer assets completely under the security of the blockchain that they're on.
Bridging between ERC20 & Cardano Chain
Ravendex is developing a new simple and easy to operate EVM -- Cardano Token Bridge, which could benefit project managers who wish to transfer your tokens and tokens EVM blockchains to the Cardano blockchain.
Ravendex can be described as an Ethereum to Cardano Token Bridge. This project offers an application for people who use Token Sale and who have raised funds via the Ethereum platform to move their tokens onto the Cardano Platform. The purpose of this project is convenience and speed of implementation. The bridge can be described as an off-chain relay mechanism for transactions that permits Ethereum -based "tokens" to be transferred between users of the Cardano Blockchain without an on-chain transaction.
With Ravendex, you can quickly transfer your ERC20 tokens onto Cardano to be native Ada tokens with the touch of a button upon demand. Our bridge is designed so that you can keep the entirety of your Ethereum assets that are based on Ethereum in one account and utilize them through your Cardano network. There is no account or setup needed, and access to 0.01 SOV network fees; this is a no-risk option to make use of your tokens safely and save money on charges.
Prioritizing Innovative Incentive System
Ravendex is an immutable and decentralized data exchange protocol based on the Ethereum blockchain. Ravendex utilizes whitelists to permit users to download the entire blockchain. Blockchain data is secured by verifiable computation by arbitrarily dispersing it across multiple computers and permanently anchoring it in the public data chain.
Ravendex has developed an innovative incentive system (tokenomics) that will ensure longevity for the entire network. It encourages honest conduct by rewarding members for the correct performance of their duties and penalizing dishonest behaviour, and allows any participant to monitor the actions of their fellow members. This is known as Proof-of-Honesty.
Ravendex's NFT Staking Program
RAVE tokens can be staked to earn Staking rewards. Every week, a specific amount in RAVE tokens will be selected randomly, and the holders of each token will get the tips for that period. You may also opt to trade your staked RAVE on the DEX.
Ravendex has launched its staking program to reward our customers. Earn $RAVE when you mint Staked NFTs and keep your $RAVE balance safe from diluting and earning 15% more in monthly rewards over your non-staking counterpart.
Ravendex is a high-tech intelligent farming business that is creating a decentralized system comprised of IoT sensors and artificial intelligence programs to precisely manage the entire life cycle of plants, starting from seed to harvest. The ultimate aim is to provide healthier and sustainable all year round in an environmentally sustainable and economically profitable manner. This RAVE NFT allows holders to make money when Ravendex expands and grows.
Ravendex network is offering a brand new staking program that, when implemented, allows you to earn a periodic amount of $RAVE from any digital asset. Unlike other staking systems, the payouts will be tied to the coin's value.
Unique Pegging system with distinct features that set it apart from other pegging methods. These features are crucial for preserving and safeguarding the integrity of the network in addition to ensuring all participants are on an equal playing field.
Ravendex ISPO Essentials
The ISPO is a brand new method of raising money that is fairer and more secure than the existing alternatives. With Cardano's intrinsic reward structure built into the system, the Cardano community can contribute to their preferred project without surrendering any of their ADA assets. You can transfer your ADA to an investment pool to receive stake rewards with Daedalus and Yoroi wallets. The amount ADA staked and the amount of time it takes to stake will determine the number of tokens of $RAVE you get in exchange.
The Roadmap
Q3 . 2021 . 2021.
- RavenDex Project Announced
- Site Creation
- Inscribing Rave Token onto The Cardano Blockchain
- White Paper Creation and Release
- Sensitization and Awareness Campaign
- Launch Telegram Group, Twitter and Reddit Communities
- Tokenomics Release
Q4 . 2021
- Ravendex Swap Demo
- Early adopters get the first tokens.
- Token Distribution (No Vesting)
- Staking Platform Development
- Listing on the Exchange
- Ravendex ISPO
Q1 . 2022
- Ravendex Testnet Version
- 2nd Exchange Listing
- Ravendex Swap Development
- Listing of DEX
- NFT Staking Development
- 3rd Exchange Listing
- Staking Platform Release
- Ravendex Swap Development Progress Update
- Ravendex NFT Staking
We all know blockchain technology as the base of the cryptocurrency ecosystem. The many features associated with the technology have contributed to the rise in popularity of cryptocurrencies that have attracted not just an avid user base but also institutions and large corporations. Blockchain isn't restricted to only cryptocurrencies. It can trigger an era-changing paradigm in nearly every field concerned with data storage and information security because it can allow for the decentralization of operations without being dependent on any authority to manage the data.
This project and the team have built a solid community with great potential. Best of luck with this project. An excellent project with a fantastic concept! I am confident in their future success. The rising popularity and the adoption of cryptocurrency by millions of users raise concerns regarding the network's capacity and congestion of various blockchain networks. Alongside the increased transactions in cryptocurrencies, the decentralization of finance adds a load of these network. Blockchains' potential has led to the development of numerous new protocols like cash pools, yield farms and mining platforms based on the already crowded blockchain.
You can find more details here-
Website : https://ravendex.io/
Telegram : https://t.me/RaversNest
ANN : https://bitcointalk.org/index.php?topic=5393948.0
Ownership
Username : deo33
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2143143;sa=summary
ADA wallet address : 0x399a74Ec28F017aAd8dFB7A541D619108Ec975b0