The First Non-custodial Decentralized Exchange Built by Ravendex on the Cardano Blockchain

Today, decentralized exchanges allow peer-to-peer transactions without any third parties. The important thing is that you can safely conduct online transactions without any problems.

DEX advocates that what makes decentralized exchanges so attractive is their security. However, centralized exchanges come with a number of problems, including exposure to hackers, banning or restricting your ability to trade cryptocurrencies, and restricting access to digital assets. yours.

However, decentralized exchanges facilitate transactions between individuals through smart contracts. There are several successful DEXs, including PancakeSwap on Binance Smart Chain, Curve and Uniswap on Ethereum. RavenDex is another unique platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as liquidity separation.

Besides, it provides the first crypto-asset lending and lending platform on the Cardano Ecosystem that allows smart contracts to deposit and earn interest on assets using a defined set of rules. estimate.

First, Ravendex works with Twitter promoters to drive their audience. The marketing team also ran various PR campaigns, which resulted in over 15k followers within a month.

However, it is essential that investors do their research on any project. The whole concept of the crypto industry is decentralized and anonymous, and now efforts are made to change that purely for the sake of transparency. It is ridiculous that some people assume that when a project has an anonymous team it is a scam project.

About Ravendex

RavenDex, a Cardano-based decentralized exchange (DEX) when launched, will allow blockchain participants and investors to provide liquidity on any Cardano (ADA) token and device establish a market pair for others to swap native tokens while using the security and low fees of the Cardano blockchain.

Ravendex was one of the first decentralized exchanges built for the Cardano blockchain, and they released a demo of their user interface on Monday that, when completed, will have a working solution to the challenge. many Cardano transactions

Ravendex aims to be the leading DEX solution for the cardano ecosystem and will be powered by RAVE, which can only be achieved at this time through contributing to the Ravendex ecosystem as a developer. initial investment.

Ravendex aims to acquire board partners and enhance its development team with alumni developers Plutus Pioneer.

RavenDex Labs has seen a lot of success over the past few days, including the rollout of night and dark modes on our swap interface.

The development team also started building components for the swap interface that will initially be swappable between our RAVE tokens to ADA and vice versa.

Update Ravendex by following them on their social media below.

Twitter: https://twitter.com/Ravendexlabs

Telegram: http://t.me/ravendexlabs

Github: https://github.com/Ravendexlabs

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