Ravendex, a new Cardano project, has released a sample version of its first decentralized exchange, which includes Swap Pools, Light and Dark Mode, and other features.
This announcement comes as the project launches its Seed token sale, with over 82 million of the 200 million $RAVE tokens for the Seed Sale Allocation sold as of the time of writing this release.
The Ravendex project plans to deploy a workable DEX on the Cardano ecosystem by the end of the year. Funds raised from the sale of $Rave tokens to early investors will be used to establish and further develop the project.
Features of Ravendex
Ravendex will also include a staking platform as well as a decentralized lending and borrowing platform, which distinguishes it from other Cardano network projects because it is one of the few projects on the third generation blockchain with the initiative. Investors and liquidity providers can provide liquidity to tokens in exchange for transaction fees. Users can also stake their assets on the staking platform to earn a commission and a share of the fees paid by borrowers.
According to Ravendex teams, their decentralized exchange will have web 3.0 wallet connect, Asset Price display, and transaction list facilities and they’ll also keep their transaction fees modest and safe. Ravendex wants to be the key financial hub for the Cardano network.
The total quantity of $RAVE coins is set to reach one billion, according to Ravendex. On the Cardano network, investors will be able to stake their tokens, supply liquidity, and vote with them. You can participate in the sale as an early adopter by going to https://sale.ravendex.io/.
Ravendex, like many other cryptocurrency ventures, intends to launch a public auction later this year. More information about the Ravendex project can be found at this Medium blog.
Ravendex is on a mission to create a platform where users can swap their tokens with extremely low rates and the ability to conduct cross-border transactions quickly. We also hope to build a community of active investors who will be able to vote on issues. To construct a fully effective decentralized exchange, they can also lend coins or provide liquidity.
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