Name Symbol Market Market Cap ($) Algorithm
Maker MKRUSD Crypto 1,301,709,323 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  9.88 0.69% 1,444.69 1,445.01 1,445.83
High Price Low Price Open Price Prev. Close 52 Week Range
1,447.12 1,408.00 1,430.06 1,434.81 936.59 - 4,339.65
Exchange Last Trade Size Trade Price Currency
GDAX 12:31:34 0.034639 1,444.70 USD
Price x Volume Volume Base Symbol Related Pairs
675,456.01 471.66 MKR MKREUR MKRGBP MKRBTC

Ravendex, a Decentralized Crypto Exchange, Is Working on the First Non-custodial Decentralized Exchange Built on the Cardano Blockchain.

03/11/2021 6:58am


Within the last few years, we have seen several lending platforms utilizing Blockchain. Raven Dex has unveiled the first non-custodial decentralized exchange on the Cardano Blockchain that offers swift transactions. It will be a decentralized automated market maker protocol, allowing users to swap and trade the native Cardano token transparently. Ravendex is a unique project, where users can lend their assets to a pool while earning interests. Furthermore, anyone can borrow within the platform as long as they provide collateralized assets. The Raven Dex is the first of its kind that has the feature of asset lending and borrowing on the Cardano Ecosystem. Everything seems ready as the project is about going on to the next phase, which includes token sale to early adopters, token distribution, and the Raven Dex Testnet release. Furthermore, the Rave token will be pegged to the dollar where anyone can trade with it. In order to further know about Ravendex, here’s an interview with Ravendex Core Team. Raven is also the first leading and borrowing platform built on the Cardano Ecosystem. The recently released Alonzo Hard Fork update allows smart contracts to deposit and collect interests from assets using pre-defined rules. Q: Quick follower gaining on Twitter within a short period, what is the secret? Ravendex Core Team: I always know that growth is possible when the right principle is applied. We understood the importance of Twitter and utilized the platform to its fullest. Firstly, we partnered with Twitter promoters to leverage their audience. The marketing team also ran different PR campaigns, which resulted in over 15K followers within a month. Q: What’s the idea behind your team’s mysterious identity? Ravendex Core Team: A project can be anonymous for specific reasons. However, it is fundamental for investors to do their research about any project. The whole concept of Crypto industry was decentralized and being anonymous, and now attempts are made to change that entirely in name of transparency. It is laughable that some people think that when a project has an anonymous team, it is a fraudulent project. Q: Because of the anonymous team behind your project, there are several FUDs about the Rave token on social media. What is your reaction to these FUDs? Ravendex Core Team: If you have been in the cryptocurrency space, you would know that FUD is inevitable. For instance, Bitcoin was called a scam when it started, and many people refused to buy it. Today, its price is approaching the $100,000 market, and you still think it is a FUD? So when I hear about the FUD about our project, I don’t give a thought to them because we are here to revolutionize the cryptocurrency industry. Q: Is there any insight as to where the project is heading now? Ravendex Core Team: What insight are you referring to? We have everything laid out on our several platforms. For instance, in our Medium blog, you will see our technical updates and documentation pages, which show our Roadmap. In addition, on our website, you can download our Whitepaper, which contains everything you need to know about the project and the sale stages. Q: We’ve talked about the FUD; what is the attitude of Ravendex concerning this? Ravendex Core Team: We have always had a zero-tolerance regarding FUD. Fudders have only one intention, which is to bring a project down, notwithstanding anything. It is evident that our success, despite being anonymous, has attracted several jealous critics and bitter people who missed the bandwagon or are on the wrong side of the street. We wish them well because Ravendex has been growing exponentially despite these attacks. If their jealously fuels our success more, we look forward to more of these FUDS.

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