DUBLIN, IRELAND / ACCESSWIRE / January 25, 2022 / Ravendex team is pleased to launch its RAVE NFT, a 10000 Pixelated Raven Birds Collection with proof of ownership stored on the Cardano blockchain.
The NFTs will have real utilities, with generating users the rewards in $RAVE, a coin launched by Ravendex to use in their ecosystem. Users can also stake $RAVE NFTs to increase their allocation weight for a project launching through their IDO.
Rave NFT holder can also List and sell their NFts on Cardano Secondary NFT marketplaces.
$RAVE token, the utility token of Ravendex, a Cardano based Decentralized Exchange aiming to bring the AMM protocol to Cardano as Uniswap has done for Ethereum, has maintained a steady price and volatility despite the huge market dump.
Rave Token will offer users the availability to vote on the Rave governance protocol, Trade, Provide Liquidity and Yield Farm the LP Tokens, stake and endorse upcoming projects that would launch through their IDO Platform.
The token’s price will be determined by the community as prove of its goals towards decentralization, currently trading on Bitmart and it has a current market cap of over 5 Million Dollars.
When launched, Ravendex will be the first project to utilize the AMM Protocol on the Cardano Ecosystem as others have chosen the Order Book and Scooper Models. Because it is based on the Cardano network, it is environmentally friendly and has low fees compared to proof-of-work mined coins like Bitcoin and Ethereum.
The Cardano roadmap is currently focusing on several updates to optimize and scale the network, hoping to achieve faster transaction and adopt the layer 2 Hydra solution, as its partner company Input Output just announced a promising scaling update that is supposed to increase Plutus script memory units per transaction to 12,5 million.
Ravendex is on a mission to build and develop cutting edge De-Fi Tailored solution and also a decentralized exchange on Cardano Blockchain.
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The information provided in this release is not investment advice, financial advice or trading advice. We not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.
SOURCE: Ravendex Labs
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