Place/Date: Dublin, Ireland - April 15th, 2022 at 7:14 am UTC · 2 min read
Contact: Raven, Source: Ravendex Labs
Ravendex is utilizing Cardano’s ecosystem which allows ADA holders to stake their tokens and be rewarded with Cardano every 5 days. Ravendex labs have utilized this method to develop a novel mechanism where you can earn RAVE tokens without spending your ADA.
Ravendex ISPO has been running for some days with a mission to encourage investors to stake their Cardano tokens and earn $Rave tokens are rewards while also helping to decentralize the Cardano network.
Ravendex is a Cardano (ADA) project with a clear purpose, which is to develop a community driven decentralized exchange, launchpad and staking platform.
Users who stake and hold Rave tokens will be eligible to vote for their favorite projects.
The more Rave tokens a user holds, the more weight their vote carries.
Rave token, the utility token of Ravendex will be used across Ravendex ecosystem.
Rave token is one of the most decentralized Cardano native Asset and has been listed on multiple exchanges like Bitmart, Bitrue& Sundaeswap with a daily trading volume of above $300,000 according to Coinmarketcap.
Ravendex is also poised to list on a Tier one exchange in the coming days.
You can use Daedalus or Yoroi wallets which allow ADA holders to delegate their asset to a stake pool in exchange for staking rewards.
Users simply need to delegate to Ravendex stake pools with the Ticker RAVEP.
In return, you will be rewarded with $RAVE tokens based on the amount of ADA staked and the duration of staking.