Ravendex labs has announced a trading competition to celebrate their BitMart listing which happened on the 10th of January 2022.
Ravendexlabs, the first decentralized exchange [DEX] on the Cardano ecosystem, is set to launch its First Defi Product, A permissionless staking platform, this product will enable users who hold a balance in $RAVE to stake their tokens in a trustless manner.
Ravendex, through this launch will change the status quo in Staking Cardano Native Tokens—offering users the opportunity to stake their $Rave tokens to earn more rewards in Rave while at the same time setting the Cardano network on the path of huge adoption as a network capable of hosting DApps.
What is Ravendex?
Ravendex, a Cardano startup project that started last year is on a mission to build a Robust, Scalable and Secure Decentralized Exchange on Cardano where users can trade their Cardano Native Tokens without a middleman.
The Ravendex protocol will be powered by a single utility token $Rave that will have multiple use cases like:
Staking with an impressive APR of 15% Governance as $Rave holders will be able to vote on certain proposals that affect the Ravendex Ecosystem.
$RAVE, like the other tokens in the crypto space, has been built to offer token holders an opportunity to earn sizable rewards for staking. In addition, token holders will participate in the governance of the project as key decision-makers.
In line with the Ravendex team’s long-term plan to offer real-world value to people from around the world, it has partnered with World Mobile Token to reserve an Earth Node that will deliver internet access to millions of Africans living in rural areas absent stable internet connection. Highlighting the logic behind this partnership, the team revealed that keeping Cardano requires strategic partnerships like this.
They are of the hope that this will drive the growth of Cardano as an advanced blockchain network.
Ravendex staking protocol when released to the public will be unique in it’s own Form as users can create a Vault, Verify their Address, Choose a pool and stake their $Rave tokens without moving the $Rave assets in the wallet.
Ravendex Team also has plans of Supplying initial liquidity to Sundaeswap to boost it’s liquidity volume before moving it to Ravendex own Dex when launched.
Rave Trading Competition On Bitmart
To celebrate the BitMart listing, Ravendex is organising a trading competition in connection with Bitmart.
Ravendex (RAVE) listed on BitMart at 6:00 AM on January 10, 2022 EST! To celebrate the listing of RAVE, we are giving away 9,090,900 RAVE in our RAVE Net Buying Competition Events!
The competition will last from 8th of February to the 23rd of February 2022.
The Future of Ravendex?
With a highly experienced development team, Ravendex is on a mission to Develop De-Fi Tailored products that would not only accelerate the Cardano ecosystem, but also give value to our products with ground breaking innovate applications on the blockchain.
Ravendex is displaying a huge amount of new development and innovation.
With the Staking Platform being one of the first, Ravendex is poised to become the leading DEX on Cardano.
Buy $Rave on Bitmart: https://www.bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic
Keep up with Ravendex by following them on their social media below
Company: Ravendex Labs
Contact Name: Raven
Read also Ravendex Review: First Non Custodial DEX On The Cardano Ecosystem