Ravendex Labs, an upcoming project on the Cardano network, has released a demo version of its first decentralized exchange. This comes as the startup begins its first private token sale, which has already led to a sale of 65M $RAVE tokens.
Ravendex Labs plans to release a fully functional decentralized exchange on the Cardano network before the end of Q4 this year. It plans to launch the platform with money generated by selling $Rave tokens to early adopters.
Ravendex Features
Ravendex differs from other Cardano network projects in that it’s a decentralized lending and borrowing platform. Investors can lend their assets to provide liquidity to the platform. And in exchange, they will earn revenue through the fees paid by borrowers.
The team at Ravendex says it plans to jam-pack their decentralized exchange with wallets, asset price displays, and price feed transaction features. Additionally, they will keep payment fees low and secure. In other words, Ravendex hopes to be the go-to financial hub on the Cardano network.
Regarding $Rave, Ravendex says there will be a maximum of 1 billion $RAVE coins. Investors will have the privilege to use their tokens on the Cardano network for staking, providing liquidity, or for voting purposes.
