Ravendex, a decentralized alternate on Cardano, goes for a fourth alternate itemizing, an announcement by the staff says. The alternate which permits ADA holders to stake their tokens on RaveP additionally rewards them with Rave Tokens each 5 days.
The staking is made doable by means of Cardano’s Proof of Stake system the place delegators stake their ADA to safe the community to earn extra ADA in return. By staking on RaveP, customers can earn RAVE tokens with out spending their ADA.
This has been ongoing for greater than 6 epochs with 5 million RAVE tokens distributed to delegators as rewards. Going ahead, ADA holders will probably be rewarded with 0.0325 Rave tokens for each ADA they stake per epoch.
Along with staking, Ravendex can be creating an all-in-one DeFi on Cardano. This can comprise a launchpad, a decentralized alternate, and a permissionless staking vault that rewards customers with Rave tokens for holding their very own RAVE of their wallets.
When launched, Ravendex will empower builders to launch their concepts on Cardano with an IDO launchpad and different providers. By holding Rave tokens, customers can even vote for his or her favourite initiatives on the Ravendex launchpad, relying on how a lot of the token they maintain.
RAVE has to this point been listed on Bitmart, Bitrue, and Sundaeswap and will probably be listed on an undisclosed prime alternate within the coming days.