We have seen various innovations in the cryptocurrency industry and one of such is the decentralized market. The market provides a way for investors to raise funds for a new project as a means of supporting the activities and visions of the project.
With several exchanges available for crypto lovers to use, it can be hard to deal with the issue of instant and swift transfer of assets. Ravendex has unveiled the first non-custodial decentralized exchange that runs on the Cardano Blockchain. The platform enables users to perform a swift and instant transfer of liquidity and assets between native Cardano tokens and ADA.
The Potentials of the Ravendex’s Token
Once the platform gets fully launched, users can convert their Cardano tokens. To do this, investors would pay a little fee to access the platform. However, liquidity providers get rewarded for adding their assets to the pool.
In addition, the platform also supports ADA users with price feed transactions, asset price displays, and wallets. To make DeFi more accessible to crypto enthusiasts, the platform offers secure transactions with low fees for investors.
Unveiling the $RAVE Token
The $RAVE token gives you access to the platform as it is the native token deployed on the Cardano network. Once you get the token, you have access to interact with the Cardano network, give liquidity, stake, and make endorsements on any Cardano project. Currently, the total $RAVE token supply available is 1 billion.
The initial sale of the Rave token is slated to take place on October 5th, 2021. It will be a private sale for early adopters.
Besides the private sale, there will also be a public sale, which will be in five phases. During this period, 100 million $Rave will be available for the public. The price will gradually increase then.
RavenDex is a cross-chain platform built to provide seamless cross-border transactions with a low fee. It is geared towards becoming the one-stop decentralized market on Cardano. The swap protocol and cross-chain exchange offer trading volume and increased liquidity on the platform, making cross-chain transactions easy.