Place/Date: Dublin, Ireland - April 19th, 2022 at 6:48 am UTC · 2 min read
Contact: Raven, Source: Ravendex Labs
The Ravendex team has announced plans for a 4th exchange listing. Ravendex is on a mission to develop an all-in-one Defi Ecosystem on the Cardano Ecosystem which will include a Launchpad, a decentralised exchange (DEX) and a Permissionless Staking vault where you can Earn Rave tokens without them ever leaving your wallet.
Ravendex will empower developer looking to launch their ideas on the Cardano blockchain by providing them with a wide range of services, including an IDO Launchpad.
Using the Cardano Proof Of Stake System, Ravendex utilized it to develop a mechanism by which ADA holders to stake their tokens on the RaveP Stake pool and they will be rewarded with Rave Tokens every five days.
Users can earn $RAVE tokens without spending their ADA. The which has been running for over 6 Epochs has seen over 5,000,000 Rave tokens to be distributed as rewards to delegators.
Cardano holders staking to the RAVE pool will receive 0.0325 Rave Tokens for every ADA stake per epoch.
Users will also be able to vote for their favorite projects on the Ravendex launchpad by holding their $RAVE tokens. The more the better, because each token adds weight to the vote.
It is also set to be listed on a top-rated exchange in the coming days.
Rave token daily trading value is above $300,000, as per CoinMarketCap.
How to Stake ADA To RaveP Pool?