Despite the bearish condition in the Cryptocurrency space that has forced investors to reduce their digital assets, including Bitcoin, from their portfolios to play safe, Ravendex is pleased to announce the launching of its RAVE NFT, “a 10000 Pixelated Raven Birds Collection with proof of ownership stored on the Cardano Blockchain.
The Cardano-based decentralized exchange team explains that users can earn $RAVE rewards from the NFTs because they have fundamental utilities.
The team developed and launched the coin as the native token for transactions in their ecosystem.
Users can increase their allocation weight for the project launching through their IDO by staking their $RAVE NFT. They can also list and sell those tokens on the Cardano Secondary NFT marketplaces.
Ravendex’s utility token, the $RAVE token, has maintained steady volatility and price despite the large market dump in the Cryptocurrency market. The community determines the token’s price in support of its decentralization goal.
The $RAVE token offers users the governance power that makes them eligible to vote on the Rave Governance Protocol.
That’s besides empowering them to trade and provide liquidity in addition to staking and endorsing upcoming projects that Ravendex will launch on its IDO platform.
How to Buy $RAVE
Click the link below to purchase the token:
The token is currently traded on Bitmart with an impressive market cap of over $5 million. Bitmart also sells an array of commodities such as USDT, ETH, and a host of other related coins on Bitmart, where it records over $1 million worth of trade volume daily, earning it a place among the best performing brands by daily volume on the Cardano native tokens.
Ravendex, when launched, will go on record as the first project on the Cardano Ecosystem to utilize the Automated Market Maker (AMM) Protocol. Thanks to its Cardano network foundation, the token attracts low fees compared to Ethereum, Bitcoin, and other proof-of-work mined digital coins. It is also environmentally friendly.
Sharing the roadmap with its prospective users, the team explains that it has a roadmap focused on giving its audience the best user experience through a faster transaction process and the adoption of the layer 2 Hydra solution.
Cardano’s partner company, Input Ouptut, has recently announced a promising scaling update that will potentially “increase Plutus script memory units per transaction to 12.5 million.”
Ravendex has created a name for itself as the first non-custodial decentralized exchange on the Cardano Blockchain using the AMM Protocol. The protocol ranks among the leading decentralized finance (DeFi) protocols on the Blockchain.
The ecosystem facilitates asset trading on its network through the protocol at a specific price the provided liquidity sets. Ravendex leverages the ecosystem’s features to facilitate fast assets and liquidity transfers between native Cardano tokens and ADA.
Ravendex Social links
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency.