Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cardano Startup Ravendex launches its ISPO ahead of its Staking Protocol

Published 02/11/2022, 12:59 AM
Updated 02/11/2022, 02:30 AM
Cardano Startup Ravendex launches its ISPO ahead of its Staking Protocol

Ravendex, a Cardano crypto project intends to set the records straight by building and developing a host of Defi Services including a completely decentralized exchange plat-form on the Cardano ecosystem. Currently, there are several Cardano-based projects active within the market and each one of them targets a different type of audience, but there is none like Ravendex as they are the first project taking full advantage of the Cardano (ADA) ecosystem.

When its ISPO launches, Ravendex will pass a portion of the rewards to deserving delegators who have their ADA staked on Ravendex stake pool. Ravendex is currently trading on Bitmart and has recorded a trade volume of over a million dollars. By daily volume, Ravendex is one of the most consistent Cardano native tokens on the chart.

To Participate In Ravendex ISPO

  • Open your Yoroi wallet (mobile or browser app) and select Staking Center / Delegation List
  • In the search bar type: RaveP
  • Select the RaveP pool that will be shown below and click DELEGATE
  • Ensure that the pool is the same with the one be-low.https://adapools.org/pool/a2665c9ebfde02738b44fb7a86e7f957c0fb0079dfd2f9174cf624f9
  • RaveP Pool (NASDAQ:POOL) Details

    Pool Name: Ravendex

    Pool Ticker: RaveP

    When fully launched, Ravendex would have many Novel Features that would increase the adoption and Total Value Locked on Cardano Ecosystem as they are currently developing a Decentralized Exchange, IDO Launchpad, Staking & lending Platform where users can borrow by collateralizing assets.

    There is significant potential in Ravendex to quickly grow into one of the biggest decentralized exchange platforms but working entirely for the Cardano ecosystem.

    3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    Ravendex Features

  • Ravendex will offer a unique and easy to use DEX for Cardano Native Tokens to be traded in a safe and decentralized manner. Ravendex would materialize as a decentralized platform where users can exchange and even trade Cardano native tokens without having to worry about security complications.
  • Holding $RAVE token, the native currency on Ravendex will provide users with the opportunity to earn more $RAVE by staking and yield farming and even obtain rare NFTs. Which will have real utility.
  • Ravendex also features a Cardano Native Token Staking Platform where users can Stake Their $Rave tokens to earn more rewards in $RAVE. This will subsequently be able to accept not just Rave but any Cardano Native token.
  • Ravendex ISPO will be coming up shortly as ADA holders can be able to Stake Their ADA to RAVEP pool to earn Rewards $RAVE.
  • An ISPO is a new fundraising mechanism that allows delegators of a POS (Proof-of-Stake) network to divert staking rewards towards a project of their choice and get project tokens in return. ISPOs are only possible on the Cardano blockchain because of its unique stake pool delegation structure.
  • Ravendex will be utilizing the new innovative defi fundraising model Initial Stake Pool Offerings (ISPOs). Delegators who hold a balance in ADA and wish to Stake their ADA and Earn rewards in $RAVE can do so by Staking their ADA to RAVEP Stake pool directly from their Yoroi, Daedalus and Name Wallets.

    Rave token is currently trading on BitMart.

    3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    In order to celebrate this significant listing, Ravendex has announced a trading compe-tition on BitMart Exchange.

    About Ravendex

    Ravendex, a Cardano startup project that started last year is on a mission to build a Robust, Scalable and Secure Decentralized Exchange on Cardano where users can trade their Cardano Native Tokens without a middleman. Rave Token the Ravendex protocol will be powered by a single utility token $Rave that will have multiple use cases like:

    Staking with an impressive APR of 15%

    Governance as $Rave holders will be able to vote on certain proposals that affect the Ravendex Ecosystem.

    Ravendex staking protocol when released to the public will be unique in it’s own Form as users can create a Vault, Verify their Address, Choose a pool and stake their $Rave tokens without moving the $Rave assets in the wallet.

    Ravendex Vision

    With a highly experienced development team, Ravendex is on a mission to Develop De-Fi Tailored products that would not only accelerate the Cardano ecosystem, but al-so give value to our products with ground breaking innovate applications on the block-chain.

    Ravendex is displaying a huge amount of new development and innovation, With the Staking Platform being one of the first, Ravendex is poised to become the leading DEX on Cardano.

    • Buy Rave: http://bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic

    Ravendex Social Links

    • Twitter (NYSE:TWTR): https://twitter.com/Ravendexlabs
    • Telegram: https://t.me/RaversNest
    • Github: https://github.com/Ravendexlabs

    Media contact

    • Company: Ravendex Labs
    • Contact Name: Raven (NASDAQ:RAVN)
    • E-mail: hello@ravendex.io
    • Website: https://ravendex.io/

    Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

    3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    Continue reading on CoinQuora

    Latest comments

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.