Unsatisfactory Performance of Numerous Decentralised Exchanges

Decentralised Exchanges are gradually becoming popular in the crypto space. People prefer to use Decentralised Exchanges (in short form: DEX) because of its attractive features like – you don’t need to register and perform KYC before you trade, there is no intermediary or third party that may lead or make transaction cost high, the third party do not have access to your funds, and you can trade at your own convenience without interruption. About ten years ago or there about, Decentralised exchanges were not attractive because they are slow and most exchanges then were difficult to trade on. But today, a lot have changed with numerous features that have made Decentralised exchanges attractive.

Decentralised exchanges make use of smart contracts to allow traders to execute orders without intermediary. On the other hand, centralised exchanges are managed by centralised organisations such as banks or owners of exchanges that are involved in financial services looking for ways to make profit. If you are using centralised exchanges, it is likely that you are not in control of your wallet keys, which means your funds are not secure. That is why decentralised exchanges are more secure.

Though, decentralised exchanges are more secure when compared with centralised exchanges, however, they are still faced with numerous problems that make people not to patronise them. Most decentralised exchanges especially those that use Ethereum blockchain are very expensive when used to carry out transactions. Most of the exchanges are not user-friendly.

For most decentralised exchanges, the requirements to process orders through smart contracts causes inactivity, a lack of liquidity which leads to slippage and high costs which is a barrier to wider adoption.
Most decentralised exchanges do not have products that will enable users earn form the platform. This makes the user move from one platform to another in search of where he or she can invest.

Poor Transaction Speed and Network Congestion Issues in Notable Cryptocurrencies

When Bitcoin was created some years back (about the year 2007), very few people knew about bitcoin, and because of that there were no issues of transaction speed or network congestion. Presently, people have become knowledgeable about bitcoin as well as other cryptocurrencies. The number of people using bitcoin to carry out transaction has increased tremendously. As a result of the increased usage the blockchain capacity required to handle transactions can no longer handle transactions smoothly. This problem has led to increase in the time of transaction as well as increase in the cost. In order for the blockchain to accommodate current financial transactions, it has to be scalable, that is, it has to be built in such a way that a large number of transactions can be handled per second without compromising the effectiveness or security of the network.

Ethereum is another cryptocurrency that have scalability issues. What this means is that the transaction capacities of cryptocurrencies such as Bitcoin and Ethereum are very low and are not able to meet current crypto financial needs. However, to carry out transactions on the two cryptos will require more expenses and waste of time.

Consequently, the present infrastructure of cryptocurrency networks will need to be expanded in a suitable way to absorb increasing transaction volumes along with an increasing number of users. This is where Ravendex comes in.

Ravendex: Innovative Decentralised Exchange backed by Cardano Blockchain

In view of the above problems characteristic in most decentralised exchanges, Ravendex have come to change the narrative. Ravendex is a unique decentralised cryptocurrency trading platform designed to help traders and investors have a profitable and satisfying trading experience. Ravendex trading platform has all that you need in an exchange.

Ravendex is built on Cardano Blockchain. Cardano was created by Charles Hoskinson in 2017. Charles, who is actually one of the co-founders of Ethereum, aims to solve some of the issues of other projects. He wants Cardano to be faster than Bitcoin, more decentralized, and provide cheaper transactions and gas fees than Ethereum.

Cardano (ADA) is an open-source proof of stake blockchain that provides smart contract functionalities. This means that developers can use it to launch decentralized applications, making them globally available. Being open source allows users to use, analyze, modify, change and distribute the software or the code, as per their requirements and needs, for anything without restrictions. Cardano is designed to be highly scalable. Presently, it provides over 250 transactions per second, compared to Ethereum’s 15.

Ravendex is essentially one of the first decentralized exchange to be backed by Cardano blockchain. Ravendex will be the key to unlock the excellent features of Cardano and that is the main reason of Ravendex being built on Cardano blockchain. Ravendex will offer numerous beneficial and profitable features on its decentralised exchange which includes the use of Automated Maket Maker (AMM), Bridging between ERC20 and Cardano chain, Increase in Speed of Transaction, Trading, Swaping, Earning, Staking, Low transaction fees, etc.

Ravendex is made such that you can connect it to a privately owned wallet of which the owner has access to the keys (non-custodial wallet). The platform offers liquidity pool for its traders, allows its users to participate as liquidity providers. As liquidity providers, users will be entitled to earn commission on every transaction. Ravendex is a unique DEX powered by Cardano blockchain. Ravendex enables users of the platform to offer liquidity and establish a market for others to swap their native tokens. It is very cheap to swap on the exchange and those that provide liquidity have a good reward for providing liquidity.

Ravendex token RAVE is the native token of the Ravendex ecosystem. The token can be used to pay for goods and services, in the future, or as an option to participate in different launchpads. Ravendex, being a unique cryptocurrency, is an important speculative asset.

Unique Features and Benefits of Ravendex

The following are unique features of Ravendex that make the platform beneficial to users and investors:

Staking on Ravendex Platform: Ravendex Staking platform will enable users earn passive income effortlessly. Ravendex platform has a staking option where $RAVE holders can stake their tokens in the staking pools and get rewards (due to transaction fees). Ravendex staking platform can be a way to generate passive income, as they will offer better interest rates compared to other platforms. The ecosystem allows random chosing of a certain numbers of RAVE in which owners of such token will be paid a reward every week Users is free to stake or sell their RAVE token at time on Ravendex. $Rave token holders can make use of the staking platform when launched and make up to 25% additional return on staked assets

Automated Market Maker (AMM) on Ravendex Platform: Ravendex exchange is equipped with Automated Market Maker (AMM). This allows digital assets to be traded automatically by using liquidity pools instead of a traditional market of buyers and sellers.

Liquidity Providing Pool: Market makers will be provided liquidity. This implies that when market makers give assets to the platform, they get reward in return which will be in the form of RAVE tokens. Most of the time, market makers earn income from the trading fees.

Speed of Transaction and Security: Since the system is decentralised, there are fewer intermediaries and hence, users will enjoy speed, automation and security. Further, when the Cardano chain was first tested in 2017, it was able to process as much as 257 transactions per second (TPS). For better understanding, let us compare it with Bitcoin and Ethereum. Bitcoin can only process 4.6 TPS, while Ethereum process at 15-20 tps. Clearly, ADA can process a higher transaction volume than Bitcoin and Ethereum, and, therefore solves the issue of scalabilty in Bitcoin and Ethereum.

Since Ravendex is built on Cardano network, it will display great speed of transactions to users on the platform. In addition, as a DEX platform, there is no need of KYC. This will enables users who prefer anonymity to trade their assets seamlessly. Ravendex will ensure hack-proof platform so that users can carry out trades in confidence.

Holders of RAVE Token: In order to assure users that Ravendex is decentralized, RAVE token holders will have the opportunity to participate actively in taking decisions concerning the project such as proposing or deciding on new offers. RAVE token can be used for; Staking; Liquidity Mining Program; Paying For DEX Platform Fees : vetted projects can spply for IDO on Ravendex launchpad and fees will be paid in $Rave Tokens; Governance: Ravendex aims to evolve into a full Decentralized Autonomous Organization where decisions are taken by $Rave token & NFT holders.

NFT Minting and Marketplace: Ravendex will feature a unique NFT minting and marketplace. Users can access the NFT platform for a chance to mint their NFT or get an opportunity to buy their favourite NFT.

Cross-Chain Swapping: Ravendex platform enables users to swap and trade native cardano tokens in a trustless manner. This special feature makes it possible to trade tokens across different blockchains without involving a third party.

Tokenomics

Token Name: Ravendex
Token Ticker: $RAVE
Total Supply: 1,000,000,000 Rave Tokens
$RAVE is a Cardano Native token deployed on the Cardano Network.
Rave has a total supply of 1 Billion, With $RAVE, you will be granted the ability to interact with our platform on the Cardano network, staking, providing liquidity.
View $Rave On Cardanoscan: https://cardanoscan.io/token/14a3455f71c435a04ea1fdb50a3ef4c1cab0e79fb1565627ac66a57552415645

Roadmap

Q3 . 2021
Announce RavenDex Project
Website Creation
Deploying Rave Token On The Cardano Blockchain
White Paper Creation And Release
Awareness Sensitization Campaign
Launch Telegram Group, Twitter and Reddit Communities
Tokenomics Release

Q4 . 2021
Ravendex Swap Demo Release
Initial Token Sale To Early Adopters
Token Distribution (No Vesting)
Staking Platform Development
Exchange Listing
Ravendex ISPO

Q1 . 2022
Ravendex Testnet Release
2nd Exchange Listing
Ravendex Swap Development
DEX Listing
NFT Staking Development
3rd Exchange Listing
Staking Platform Release
Ravendex Swap Development Progess Update
Ravendex NFT Staking

Q2 . 2022
Ravendex Governance

Conclusion

Ravendex is a unique decentralised cryptocurrency trading platform designed to help traders and investors have a profitable and satisfying trading experience. Ravendex trading platform has all that you need in an exchange. It is designed to overcome the problems encountered in most decentralised exchanges.

Ravendex is essentially one of the first decentralized exchange to be backed by Cardano blockchain. Ravendex will be the key to unlock the excellent features of Cardano and that is the main reason of Ravendex being built on Cardano blockchain. Ravendex enables users of the platform to offer liquidity and establish a market for others to swap their native tokens. It is very cheap to swap on the exchange and those that provide liquidity have a good reward for providing liquidity. Ravendex is a permissionless AMM Dex for Cardano Native Tokens where users can stake their Cardano Native Tokens & earn interests.

$RAVE is a Cardano Native token deployed on the Cardano Network.Since Ravendex is built on Cardano network, it will display great speed of transactions to users on the platform. In addition, as a DEX platform, there is no need of KYC. This will enables users who prefer anonymity to trade their assets seamlessly. Ravendex will ensure hack-proof platform so that users can carry out trades in confidence.

For more information about Ravendex, please visit the following websites:

Website: https://ravendex.io
Documentation: https://docs.ravendex.io/
Github: https://github.com/Ravendexlabs
Telegram: https://t.me/RaversNests
Twitter: https://twitter.com/ravendexlabs
Medium: https://ravendex.medium.com/

Author’s Information:

Link to Proof of Authentication: https://bitcointalk.org/index.php?topic=5393948.msg59830584#msg59830584
Forum Username: evichi
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1717893
Telegram Username: @jaymay
Participated Campaign: Article
ADA WALLET ADDRESS: addr1qy0zkukm6l59ahy2m8cakfjqtjuf5k25xrj2sndhps4dxet4pvm85uayznrrk0nrxm88z8yl6jqlz2jl89fupf496tsqzlysst
E-mail: [email protected]