$RAVE: Getting To Know About The Token & It’s Numerous Use Cases
Ravendex.io, the upcoming Cardano-based AMM and Decentralized Exchange protocol, Ravendex is out to create a dynamic swap environment for projects on the Cardano exchange. When launched, users can Swap their Tokens To ADA and can Buy a Cardano native token with ADA while also providing a great user experience and “early Adopter” opportunities.
It has been more than a week since we announced our project to the crypto community, we take some time to take a closer look at $RAVE, the Ravendex platform’s token.
Ravendex is Built on the Cardano Ecosystem, our platform leverages its high transaction speeds and low fees to build a scalable and intuitive decentralized exchange as Cardano has launched its smart-contract functionalities, we take a first-row seat to welcome and empower new DeFi projects.
In this blog post, we’ll be focusing on the $RAVE token, the asset that will power the Ravendex multi protocol platform and also allow holders to support their favorite projects by giving liquidity while receiving rewards. That will allow you, as a token holder to actively engage in the shaping of the DeFi landscape.
The $RAVE Token
$RAVE is a Cardano Native token deployed on the Cardano Network.
Rave has a total supply of 1 Billion tokens, With our token, you will be granted the ability to interact with the Cardano network, staking and giving liquidity and endorsements to Cardano Projects.
$Rave token holders can utilize our staking platform when launched to up to 25% additional return on staked assets.
The amount of $RAVE allocated determines the size of the stake and rewards are paid out after each cycle.
$RAVE Liquidity Mining Program
When holding $RAVE, you can choose to provide liquidity to projects on our DEX and receive a percentage of the liquidity fees. A solution much like staking.
How to get $RAVE?
RAVE token will first become available to early adopters through our private and public sale phases, and we have already started to feel amazing support from the community since we announced our project.
We now have over 3500 Followers on our Twitter Page, Over 3500 Early Adopters in our Telegram Community
The Next Step For Rave Token?
The next step after our sale rounds are completed is starting preparations for being listed on Exchanges.
Founded by a team of DeFi and traditional finance professionals, Ravendex is the first Decentralized Exchange, IDO, Staking & lending Platform taking full advantage of the Cardano (ADA) ecosystem.
To learn more about Ravendex visit our Website and be sure to follow us on Twitter, Telegram and Medium.