To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8378/116456_9e22484c14e8ca90_002full.jpg
Consequently, RAVE token users can buy & sell Rave tokens through the new exchange further increasing its adoption.
Rave token is already tradable on Bitmart, Sundaeswap, Muesliswap and on the smaller exchanges like p2pb2b and Minswap.
About Ravendex
Ravendex is a Cardano-based decentralized exchange (DEX) that allows cryptocurrency participants and investors to offer capital reserves on any native Cardano (ADA) token and create a market pair for someone else to swap the native tokens while utilizing the Cardano blockchain's safety and low fees.
Ravendex Objective
It is one of the first decentralized exchanges created on the Cardano blockchain. It is also the first exchange to utilize the Alonzo Hard Fork update on the Cardano Ecosystem. It smart contracts to deposit assets and collect interest as per rules.
Specialty of $RAVE NFTs
Ravendex has launched its NFT project. 2000 uniquely pixelated $Rave NFTs have real utilities in the Ravendex ecosystem, unlike many other projects.
Staking the NFTs are one of the highlighting features of this NFT project. Holders can stake $RAVE NFTs to endorse a project launching through their IDO. They can also list & sell their assets on other marketplaces. Stakers will win the $RAVE tokens periodically.
Rave NFT can only be purchased on third party NFT marketplace like jpg.store and you can purchase Rave token on Sundaeswap.
Staking Details
Users of the $RAVE NFT shall at least hold 30,000 $RAVE in the same wallet and must stake at least $50 ADA in RAVEP, Ravendex's ISPO pool. More than $9 million in ADA have been staked in the pool.
This is how Ravendex is generating utility and value for its NFT project. Users can stake their NFTs for the following periods:
• Two months
• Four months
• Six months
• One year
The revenue can go up to 60% APY depending upon the amount of $RAVE token they...