Learn how to buy Rave token IDO from seed round. RavenDex is has the potential to become the Uniswap of ADA. It is currently sold at 0.006 USD per token on this round of seed sale. I will explain what it is, what are the features of it, where to buy it at cheap prices, Raven token use cases, and Raven coin tokennomics.
What is RavenDex
Raven Dex is a Cardano blockchain-based decentralized exchange and non-custodial liquidity protocol that enables blockchain participants to offer liquidity and establish a market for others to swap their native Cardano tokens.
Swappers & Traders pay a small charge in exchange for this service, while liquidity providers get a return on their pooled assets.
What does an ILO imply?
Every crypto token requires a sufficient amount of liquidity to boost its price and trading volume. However, if entrepreneurs list their tokens on a Centralized Exchange (CEX), it takes a lot of time to attract investors and fetch liquidity.
RavenDex features
1) Multi-function liquidity pool
Liquidity providers (LPs) can pick the pool that is most optimal for a given pair, yielding the highest returns/most capital efficient, by using various pricing algorithms for a single liquidity pool. LPs will automatically direct their money to the most efficient pool for a given pair. Similar to Yearn Finance, RavenDex has developed an automated yield farming method that will assist LPs in re-balancing their money into the most efficient pools. This is the same as having several AMM protocols with various pricing functions, but because all pools are on the same platform, transferring liquidity between pools and trading will be faster and cheaper. Building an AMM with different pool roles in mind will allow for smooth incorporation of the finest community ideas without the need for a hard fork or large migrations. This is the type of liquidity pool RavenDex will create.
2) Constant-product Pool
For most pairs, the constant product pricing curve works well, but inverse-correlated pairings (those with prices changing in opposing directions) suffer an impermanent loss. A constant-product pool's pricing function is quite simple.
3) Stable Pool
RavenDex discovered that stable pairings (pairs with comparable prices, usually tied to an external asset like BTC or USD) had a superior function.
It's a dynamic "amplification coefficient" that combines constant-product and constant-sum functions.
This helps lower slippage on low-liquidity pools while always ensuring liquidity for large trades.
4) Multi-asset Pool
This generalizes the concept of constant-product function to more than two assets.
Instead of requiring LPs to contribute an equal quantity of two assets, it allows for the creation of a pool with any amount of any number of assets.
This essentially implies that an LP may give their whole portfolio and have it automatically re-balanced while still collecting fees.
5) Dynamic Pool
RavenDex’s "amplification factor" is extended from stable pairings to other pairs in general.
Dynamic Market Making (DMM) is the name of the concept.
The “amplification factor” in DMM is set depending on the intrinsic volatility of a pair.
It also offers a new charge structure in which the trading cost is constantly modified based on trading volume and price volatility.
These four pools are just a few instances of what RavenDex can do.
Every day, the AMM area fills up with new and improved ideas, and the best of them will be voted on by the community to be included into RavenDex.
6) Cross Chain Exchange/ Swap Protocol
RavenDex will be a decentralized automated market maker protocol that will enable users to swap and trade native cardano tokens in a trustless manner. A cross-chain swap enables trading tokens across different blockchains without using an intermediary party (e.g. an exchange service) in the process.
RavenDex follows the HTLC protocol to create a trustless environment for the decentralized exchange of assets. The protocol guarantees that if all participants agree, the swap will take place. On the contrary, each participant should receive their locked funds back if some of them decide not to conclude the process.
7) Native Assets Lending Protocol
With our smart contract released and deployed, users can connect their wallet using the yore nightly extension, deposit assets and earn interest in a secure yet decentralized manner.
8) ERC-20 To Cardano Converter
Our ERC-20 To Cardano Token Bridge would be helpful for project owners that would like to migrate their tokens from the Ethereum blockchain to utilize the low transaction fees of cardano by just a few clicks.
9) Peer To Pool, Pool To Peer Lending Protocol (P2P)
Using our innovative pooled lending contract, we will be able to make lending and crypto loan access easier and yet decentralized as users can borrow pooled assets to payback at a specified date with interest.
How To Join The $RAVE Token Sale
First you need ADA to buy Rave token. Buy ADA through a centralized exchange like Binance or KuCoin. I will provide link for Binance and KuCoin below.
How to Setup your ADA Wallet?
1) Create a Seed
I used Yoroi wallet to create a ADA wallet that I control the private key. In all cases you will need to create a seed, think of this as your master password and treat it as such. The seed is everything and should be handled with the utmost care and security. The best practice today is to never put your seed on our computer or in any digital device. Write it down in a notebook and and store it someplace secure, like in safe, lockbox or in a safety deposit box.
2) Generate your Wallet
In some cases this will automatically happen, but for example on Yoroi and other wallets, you will need to specifically choose an ADA wallet account. With Yoroi you will need to personally name the wallet and choose Shelley Era, 24-word recovery phrase, account. You are ready to go! At this point you are ready to transfer funds to your wallet. If this is your first time, it might be a good idea to start by transferring only a few ADA to the wallet as a test to make sure that you've set up everything correctly. Always consult the official documentation and guidance.
How to transfer ADA to your wallet?
Find your account address Wallets have their address in different place you will need to find where the wallet keeps the address.
How to buy RAVE Token?
Step By Step Guide On How To Purchase Rave Token
1: You need to purchase ADA from an exchange (such as Binance, Coinbase, Karken, and Houbi Global) and send them to your Cardano wallet like Yoroi, Daedalus, or Adalite wallets.
NOTE: Don't Send Your ADA directly from an exchange to our presale address. Ensure to send from a wallet you own the private keys.
2: Visit the Token Sale Page and Click On Buy Raven Token. I will provide the link below.
3: You will now be taken to the Rave Token Sale page with the Address that you are required to send the ADA.
Note that $RAVE token you purchased will be AirDropped to the wallet address that you used to send ADA in the Seed Sale when the Sale Ends.
Do not send from exchange ADA wallet because you won’t have access to the online wallet where you can import new tokens that exists on ADA network. If you use a random online wallet from an exchange to participate in our Token Sale, you will send money to the pre-sale address, but you will not be able to receive the tokens you buy because you used an exchange wallet. In this seed run Minimum Buy is 200 ADA / Maximum Buy is 10,000 ADA in this Sale Round.
In current seed sale $RAVE sold 200 million at a price of 0.0027 at current price of $2.2 per ADA that around 0.006 USD per RAVE token. At 0.6 cents per token at 200 million it is valued at 1.2 million dollars. Total Raven Token every issued is going to be 1 Billion. Even at fully dialuted marketcap at current price of 0.6 cents that is 6.1 million dollars. For a DEX that is dirt cheap. No investment advice by the way.
Rave Use Case
Here is the use case of Raven token:
1) Raven staking:
Raven token holders can utilize our staking platform when launched to up to 25% additional return on staked assets.
The amount of RAVE allocated determines the size of the stake and rewards are paid out after each cycle.
2) RAVEN Token Liquidity Mining Program:
When holding RAVEN Token, you can choose to provide liquidity to projects on our DEX and receive a percentage of the liquidity fees. A solution much like staking.
Raven Token Distribution
Total Supply is 1,000,000,000 Rave Tokens is distributed as follows:
Distribution
Public Sale - 50%
Team - 12%
Staking / Yield Farming & Governance - 35%
Locked Ecosystem Reserve - 3%
RavenDex plan to provide Stop Loss & Limit Orders in this Dex. RavenDEx plan on having synthetic token such as mAssets (rBTC, rETH, rBNB).
In Conclusion
RavenDex RAVE token seed sale is a very high risk but very high reward purchase. RavenDex could run out with your hard earned ADA. Never invest money that you cannot afford to lose. Given current marketcap of $6.1 million for a brand new DEX on ADA with very low fee, I see a great potential for x100 to grow upto $600 million dex to be on top 100 to 150 cryptocurrencies.
Please do your own research before aping into this project. This articles is not investment advice just information only!
You can watch details on how to purchase Rave Tokens here:
