Ravendex announces its Staking Platform and a trading competition

Ravendex has announced an exciting trading competition as a mark of celebration of its BitMart listing that took place on 10 January 2022. The Ravendex project is the first DEX (decentralized exchange) on a Cardano blockchain ecosystem. It is all set to release a permissionless crypto staking platform, the First DeFi Product, that will allow $RAVE token holders to stake the coins in the most trustless manner.

With this launch, Ravendex will modify the status quo in the Staking of Cardano Native utility coins and offer users a chance to stake $RAVE coins and earn additional rewards in the same tokens simultaneously. This will set the Cardano blockchain network on its path of becoming more capable of anchoring dApps.

Ravendex Overview

Ravendex is a startup project on a Cardano network that was initiated last year to develop a Scalable, Secure, and Robust decentralized crypto exchange on the Cardano Blockchain. The users can buy, sell and trade Cardano Native Tokens independently, without any third party.

Rave Token

$RAVE is a single native utility token that empowers the Ravendex blockchain protocol and has several use cases such as –

$RAVE staking with a grand 15 percent APR
Governance since $RAVE token holders can vote on specific proposals that may affect the Cardano Ravendex blockchain system.

RAVE is listed on 2 leading cryptocurrency analytics websites – CoinMarketCap and CoinGecko – and is available for crypto trading on the popular BitMart exchange.

Like other digital coins in the crypto space, $RAVE has been developed to allow all token holders to earn massive rewards. Users also get a chance to govern the project by playing the role of vital decision-makers.

Following the long-term plan of the Ravendex team to provide real-world money value to its users worldwide, it has decided to partner with WMT (World Mobile Token) to preserve the Earth Node, providing internet connection to thousands of Africans, especially to those who reside in rural regions where a stable connection is absent.

This is the main reason behind their partnership, and the team has disclosed that keeping $RAVE will require strategic partnerships that will help them achieve the goals. The team is hopeful that this partnership will bring about Cardano growth as an enhanced blockchain network.

The Ravendex Staking protocol will be distinctive in its form when it is released and allow users to create their vault, confirm their addresses, choose their pool, and stake $Rave coins without transferring them into crypto wallets.

The Ravendex development team also plans to supply liquidity to the Sundaeswap that will boost the volume of liquidity before moving to Ravendex DEX.

Rave Trading Competition On Bitmart

Ravendex has announced to organize an exciting trading competition to celebrate its BitMart listing.

Ravendex ($RAVE) was listed on the BitMart Exchange on 10th January 2022, at 6:00 AM. To celebrate and embark on this new success, the platform is holding a giveaway worth 9,090,900 $RAVE coins in the $RAVE Net Buying Competition.

The trading competition will begin on February 8 and last till February 23 on the BitMart platform.

More information is available on BitMart

The Future of Ravendex?

Ravendex, with its experienced team of developers, plans to develop its own DeFi tailored products to speed up the Cardano ecosystem and offer additional value to the products with the ground-breaking innovative apps on the Cardano ecosystem.

Ravendex is projecting massive changes in the innovation and development sphere. The Staking feature is the first product that will make Ravendex one of the leading Decentralized Exchange (DEX) platforms on Cardano.

Ravendex users can purchase $RAVE on the BitMart exchange – https://www.bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic