Ravendex Becomes First Non-Custodia DEX on the Cardano Blockchain
Ravendex is all set to become the perfect, decentralized exchange out there on the Cardano Blockchain.
Cardano is not only just another blockchain platform but also a footprint creator in the domain of disseminating knowledge about cryptocurrency and other such decentralized exchanges. Among other features, this also includes a platform for staking RAVE assets and lending and borrowing known as Staking Platform.
Users of Ravendex can make use of facilities such as PancakeSwap to exploit assets across a diverse array of liquidity pools. It would be easier to trade with tokens from these pools, which will then earn commissions without the need for a third party In the transaction.
Ravendex also provides credible statistical information through the portrayal of transaction scale and the provision of its usage without KYC submissions to ensure data privacy and complete concealment of personal information. A disputed transaction is immediately detected by preceding blocks in the system. The fact that the auctioning of tokens for Ravendex had always happened only within a few hours of their initiation is testimony to its demand in the crypto market.
On such a platform, traders will have access to new Cardano tokens since they will be made available on such a platform before their accessibility in centralized exchange systems. The presence of decentralized exchange systems is boosted by growing demand for the same, and users can give a thought to incorporating $RAVE in their portfolio. In fact, Cardano’s native token, ADA, has consistently pulled off positive projections with minor disruptions and reached an acme of $ 1.56 in April 2021. Despite contemporary setbacks, the ground is set for gradual and efficient recovery of ADA thereby showcasing a positive Cardano prediction by global experts on the subject.
Cardano’s up-gradation through the addition of Alonzo hard fork has augmented its popularity in recent times and allowed the deployment of Dapps. Despite these rapid strides, certain shortcomings linger on. These include deterrence in ADA-based tokens.