What Is Ravendex (RAVE)?

Ravendex (RAVE) is a non-custodial and decentralized exchange (DEX) Exchange & Liquidity protocol built on the Cardano blockchain. According to its whitepaper, the Ravendex protocol allows blockchain participants to provide liquidity and launch a market for others to exchange their native tokens. Ravendex has developed the creative idea of establishing a non-fungible token (NFT) using the native token. The platform desires to grow into a Decentralized Autonomous Organization (DAO) where RAVE administration NFT holders take decisions. Ravendex network uses simple, rewarding structures that are unbiased and easily understood by everyone. Ravendex has the following features:

• Users lend their assets to a pool and earn rewards.

• Also, the platform users can borrow by delivering guaranteed assets.

• And users can stake their Cardano native tokens. RAVE is a Cardano native token used on Cardano network. The RAVE tokens are utilized to get the rights to interact with the platform on the Cardano network, staking and providing liquidity. Rave token holders can use the platform's staking mechanism to earn up to a 25 percent bonus on staked assets. The amount of allocated RAVE tokens specifies the size of the stake and rewards to be paid after each cycle. Holders can decide to provide liquidity to the projects on DEX and acquire a certain percentage of the liquidity fees by holding RAVE tokens,. The RAVE token holders can purchase some unique Rave NFTs already present on the Cardano blockchain with RAVE tokens. The RAVE NFT token holders can stake NFTs To gain rewards in RAVE and list and trade their assets on the subsidiary markets

History of Ravendex (RAVE)

The Ravendex ecosystem was founded on October 1, 2021. Rave has a total supply of one billion RAVE tokens.