Despite not yet having a working DApp, Cardano has been one of the most successful and powerful crypto projects in the industry.
One of the things missing within the Cardano ecosystem is its own native decentralized exchange. ravendex.io another budding crypto project intends to set the records straight by building the world’s first completely decentralized exchange platform on the Cardano ecosystem.
Ravendex does not require an introduction as the platform has successfully made a name for itself since the previous year after announcing its project launch through a post on the popular bitcointalk forum.
There are many Cardano-based projects on the market, each targeting a different audience. Ravendex is the only project that fully exploits the Cardano (ADA), ecosystem.
When fully launched, Ravendex will have many Novel Features. They are currently working on a Decentralized Exchange and IDO Launchpad. Staking and lending platforms where users can borrow collateralized assets.
Ravendex has the potential to grow quickly into one of the largest decentralized exchange platforms, while still working exclusively for the Cardano ecosystem. Ravendex is unique because
- Ravendex will offer a unique and easy to use DEX for Cardano Native Tokens to be traded in a safe and decentralised manner. Ravendex would materialise as a decentralised platform where users can exchange and even trade Cardano native tokens without having to worry about security complications.
- Native assets lending protocol that allows users depositing Volatile assets in a contract to access loans of Stable Coins. This functionality open doors to a plethora of DeFi mechanisms.
- Ravendex team is also eyeing the exclusive NFT industry which has taken the world by surprise in a remarkable way. Ravendex’s native currency, $RAVE token, will allow users to make more $RAVE through staking and yield farming. Users can also obtain rare NFTs. These tokens will be of real utility.
- Ravendex also features a Cardano Native Token Staking Platform where users can Stake Their $Rave tokens to earn more rewards in $RAVE. The Ravendex team will be able to accept Rave and any Cardano Native token.
- The increasing demand for the NFTs and the need for a reliable NFT marketplace has also been taken into account by the Ravendex team. Ravendex has created a new NFT marketplace for $RAVE holders. Users who own $RAVE can list