Dublin, Ireland, January 10, 2022 (GLOBE NEWSWIRE) – The Ravendex team is pleased to announce its listing on the BitMart Exchange. The Cardano ecosystem has developed rapidly over the years, but while it is one of the most powerful blockchain networks, Cardano still has a native decentralized exchange (DEX) like the one found on other blockchain networks.
Ravendex is committed to changing that narrative by building the first decentralized exchange in the Cardano ecosystem
Ravendex is the first non-custody decentralized exchange on the Cardano blockchain that enables fast asset transfers and liquidity between native Cardano tokens and ADA.
Projects in the Cardano ecosystem can provide liquidity to set a price that will facilitate trading the project assets in a fair decentralized manner using the AMM protocol.
Cardano Blockchain’s cross-chain exchange uses the EUTXO model, which is known for its unique features, such as the ability to distribute liquidity among different assets in the Cardano ecosystem.
It is also one of the very first projects developed on the Cardano ecosystem to use the recently released Alonzo Hard Fork update, which allows smart contracts to deposit assets and collect interest according to pre-defined rules.
Ravendex aims to build a robust suite of Defi-tailored services backed by its utility token $ Rave.
Some features of the ravendex ecosystem would be:
- Cross-chain exchange and swap protocol. With Ravendex, users can exchange and trade native Cardano tokens in a secure environment. The eUTXO architecture offers exchanges a unique opportunity to pool liquidity on the Cardano ecosystem
- Staking & Income Agriculture. $ Rave holders can use their tokens to earn more rave and exclusive nfts.
- Domestic Asset Lending Protocol. The pooled credit and credit mechanism we developed enables users to borrow and pool assets and this can also be used for a variety of DeFi applications.
- ERC-20 / BEP-20 to Cardano converter. Project owners who want to migrate their coins from Ethereum or Binance to the Cardano blockchain can do this with just a few clicks with our ERC-20 to Cardano Token Bridge.
- Peer-to-Pool, Pool-to-Peer Credit Protocol (P2P). Bundled loan agreements will make decentralized loan and crypto loan set up a lot easier as users can borrow bundled assets and repay them at a specific time with interest.
- NFT marketplace. Rave token holders can list their $ RAVE NFts, set a price and sell them on our marketplace.
Ravendex will be available for trading on the Bitmart exchange on January 10, 2022.
The Ravendex protocol is supported by the $ Rave token currently trading on p2pb2b and the price can be verified using Coinmarketcap.
Company Name: Ravendex laboratories
Contact name: Crow
E-mail: [email protected]
Location: Dublin, Ireland
The information provided in this press release does not constitute investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consulting a professional financial advisor before investing or trading in any securities and cryptocurrencies).