Place/Date: Dublin, Ireland - January 8th, 2022 at 9:27 pm UTC · 3 min read
Contact: Raven, Source: Ravendex Labs
Ravendex team is pleased to announce its listing on BitMart Exchange. Cardano ecosystem has evolved rapidly over the years, but despite the fact of being one of the top-performing blockchain networks, Cardano is yet to have a native Decentralized Exchange (DEX) like those found in other blockchain networks.
Ravendex is on a mission to change that narrative by building the first decentralized exchange on the Cardano ecosystem.
Ravendex is the first non-custodial decentralized exchange on the Cardano Blockchain that facilitates quick asset transfers and liquidity between native Cardano tokens and ADA.
Projects on the Cardano ecosystem can give liquidity to set a price which will facilitate trading of the project’s asset in a fair decentralised manner using the AMM protocol.
Cardano Blockchain cross-chain exchange uses the EUTXO model, known for its unique features, such as the ability to share liquidity across different assets in the Cardano Ecosystem.
It’s also one of the very first projects developed on The Cardano Ecosystem to utilize the recently released Alonzo Hard Fork update allowing smart contracts to deposit assets and collect interest according to predefined rules.
Ravendex aims to build a robust suite of Defi tailored services that would be powered by its utility token $Rave.
Some features of ravendex ecosystem would include:
Ravendex shall be available for trading on Bitmart exchange on the 10th of January 2022.
The Ravendex protocol will be powered by the $Rave token which is currently trading on p2pb2b and the price can be checked using Coinmarketcap.