Ravendex Prepares For AMA on Bitmart Ahead Of Testnet Launch, ISPO & Staking Platform Release

Ravendex Prepares For AMA on Bitmart Ahead Of Testnet Launch, ISPO & Staking Platform Release
Photo by Meg Jerrard / Unsplash

Cardano startup project Ravendex will be holding its AMA on Bitmart Exchange on the 31st of January 2022.

What is an AMA?

AMA or Ask Me Anything in crypto is an online session where a crypto project team ex-pert conduct live sessions for the crypto investors, buyers, or the general public to ask them any questions related to their project.

Ravendex AMA on Bitmart will enable Blockchain enthusiasts interested in what Ravendex is developing and building to ask questions about the project, its development plans, roadmap and plans ahead.

Ravendex Labs, the team in charge of Ravendex also announced the public-testing launch of their native Cardano Token staking platform and also a non-fungible token (NFT) collection made up of 10,000 pixelated raven birds with proof of ownership stored on the Cardano blockchain.

Rave NFT holders could earn RAVE rewards and other Exclusive Rewards from the NFTs because they hold real utility unlike most NFTs existing today.

You can mint a unique Rave NFT by visiting the NFT Minting Portal

Rave Token

Ravendex’s utility token, RAVE, has maintained steady prices and avoided volatility despite recent declines in the cryptocurrency market.

Rave Token was developed and launched by the team as the utility token in its ecosystem, which will be used for staking, yield farming and Launchpad fees.

Users can also participate in governance or Earn more Rave by staking their NFTs which they can also list and sell on secondary Cardano NFT marketplaces.

The community determines the token’s price in support of its decentralization goal, which allows them to trade and provide liquidity in addition to staking and endorsing upcoming projects that Ravendex will launch on its IDO platform.

How To Buy RAVE Token

Rave Token is traded on BitMart and has a market cap of more than $5 million.

BitMart also sells an array of commodities, such as Tether (USDT), Ether (ETH) and a host of other related coins with close to $1 billion worth of trade volume daily — making it one of the best-performing brands by daily volume, according to CoinMarketCap.

The team is focused on launching a functional and feature-packed DEX on the Cardano mainnet before the end of the first quarter of 2022.

Cardano’s partner company, Input Output, recently announced a promising scaling update that would potentially “increase Plutus script memory units per transaction to 12.5 mil-lion,” which would positively impact the throughput of decentralized apps operating on the proof-of-stake blockchain.

About Ravendex

Ravendex is a Cardano blockchain DEX using an automated market maker protocol. The ecosystem facilitates asset trading on its network through the protocol at a specific price set by provided liquidity. Ravendex leverages the ecosystem’s features and low fees to fa-cilitate fast assets and liquidity transfers between native Cardano tokens and its protocol token, ADA. Website: https://ravendex.io

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