Ravendex is a decentralized exchange (DEX) built on the Cardano blockchain which upon its launch will allow cryptocurrency enthusiasts, Traders & investors to offer liquid assets on any native Cardano (ADA) token and generate a market pair for others to swap it and earn a fee in return.
RavenDex is a crypto project on Cardano Ecosystem with a mission to create a decentralized exchange powered by the AMM protocol similar to uniswap.
Its goal is to create a platform where users can Swap their ADA for Native Cardano Tokens in a non-custodial manner with extremely low rates and the ability to conduct cross-border transactions quickly.
They will also enjoy the unique security features of Cardano’s blockchain and low fees as well.
It’s one of the very first cryptocurrency exchanges being developed for the Cardano blockchain, and they just unveiled their front-end demo a few days back and when the project finally goes live, it will issue a viable solution to the numerous issues around transfer on Cardano blockchain.
$RAVE Token
The RavenDex multi-protocol platform will be powered by the $RAVE token, which will allow holders to provide liquidity and support to their favorite projects while being able to stake their tokens to farm more $RAVE tokens. This will be critical to the DeFi system’s improvement. The Cardano blockchain was used to create the $RAVE Token, which has a maximum quantity of one billion coins. $RAVE holders will be able to interact with the Cardano network, stake their coins, provide liquidity, and make endorsements.
Steps on how to buy RAVE token
Investors who are interested in getting $RAVE, will do the following:
- Purchase ADA through a third party exchange (Binance, Coinbase, or Kraken) and transfer it to their favourite Cardano wallet, such as Yoroi, Daedalus, or Adalite Note that you must not send ADA token to our presale address directly through an exchange. Also, remember to send from a wallet you have access to the private keys.
- Go to the Token Sale Page and click Buy Rave Token, you will be directed immediately to the Rave Token Sale website, where you must send the ADA to the address made available.
The general rule is to avoid transferring your money from an exchange wallet because most electronic wallets will not have access to the most recent token. This means that if you join in our Token Sale using a random internet wallet from an exchange.
Although, you will be able to deposit money to the pre-sale location but will be unable to get the tokens you purchased because you are using an exchange wallet.
Each round of sales has a separate minimum and maximum amount that can be bought and all other details will be displayed on the sales page as well.
Details about the Pre-Sale
The following are the pre-sale details:
Pre-Sale Date: October 26th, 2020
Pre-Sale Allocation: 100,000,000 RAVE
Token Price: 1 $RAVE = 0.0032 ADA
Minimum Amount to be bought : 100 ADA
Maximum Amount to be bought: 10000 ADA
Supported wallets: The fact that the $RAVE token is a native Cardano token, investors can transfer ADA to the presale address using any Cardano compatible wallet such as Yoroi Wallet, Daedalus Wallet, Adalite Wallet, and Nami Wallet.
Token Distribution
Once the pre-sale period has ended or the HardCap has been hit, tokens will be issued. Check that you have enough ADA to cover the costs to avoid a transaction failure.
Everyone who purchases some RAVE token will be able to participate in the auction as an early investor. Ravendex, like several other cryptocurrency startups, is planning a public offering in the coming weeks.
About Ravendex
Ravendex is a Cardano-based crypto project that aims to create a decentralized exchange.
Its purpose is to provide a platform that has incredibly minimal fees and allows for quick cross-border transactions.
More importantly, it aspires to include features that will be useful to Cardano supporters. Also, we also look forward to creating a community of active investors who may vote on issues & also lend coins or provide liquidity to create a fully functional decentralized exchange.
Social Links:
Website: https://ravendex.io
Telegram: https://t.me/ravendexlabs
Twitter: https://twitter.com/Ravendexlabs
Github: https://github.com/Ravendexlabs
Contact Channels:
Company Name: Ravendex Labs
Contact Name: Raven
Email: hello@ravendex.io
Location: Dublin, Ireland
Website: https://ravendex.io/
The post Cardano Based Project Ravendex On A Mission To Become The Next Cardano gem, Kicks Off $Rave Token Pre-Sale appeared first on NullTX.
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Source: thinkbitcoins