Ravendex token (RAVE)
RAVE - Cardano blockchain
There are several popular DEXs, for example, PancakeSwap on BSC, Uniswap on Ethereum, etc. There is one more promising platform RavenDex based on the Cardano blockchain. It deals with cross-chain transactions and uses the eUTXO mode, that is why the system features splitting liquidity and other useful functions.
About RAVE token
Ravendex enables its users to swap their assets and liquidity between Cardano tokens and ADA almost immediately. RAVE is a native token of Cardano that powers the entire ecosystem. Its total supply is 1 billion RAVE.
- Public sale: 50 %
- Staking and yield farming: 28 %
- Tokens reserved for the team: 12 %
- ISPO: 7 %
- Locked reserve: 3 %
RAVE is not only a unit with the help of which users can interact with the platform. The token is listed on cryptocurrency exchanges as an altcoin and can be bought on P2B or some other exchanges.
The Ravendex price has been gradually growing since listing on December 16, 2021. During only a couple of weeks after the token became available for buying RAVE showed a 26 % price growth.
RAVE can also be used by Ravendex users for staking, participating in the liquidity mining program of this DeFi project, paying for platform fees, and governing further development of this crypto platform. All these options add value to RAVE and make it a promising asset for investors.