Hello Ravers!

We will start off by apologizing for our inactivity over the past few weeks and also the Missed AMA, we have been behind the scenes building on stealth, trying to have a working DEX before the Vasil Hard Fork, we are restructuring to make Dev, Mods and Community relationship seamless.

We announce with so much excitement that Ravendex’s Milkomeda Testnet will happen in a few weeks' time (Early August).

The testnet would be available to $RAVE token holders who have had an active stake since May up until August 1st Snapshot.

We are also happy to announce that the first batch of staking rewards will become available for claiming during the testnet phase.

We will also use this medium to address some concerns from the community in regards the future of Ravendex and the Roadmap.

We will now take the questions asked from the community members over the past few weeks.

-nft staking platform release! : It’s coming soon, we are still working on the features

-dex status? : I guess we have answered that above

-milkomeda status? : Coming next month

-vault bug fix & status: The Vault bugs are being worked on as we speak

• SHO status: It’s up to the community to decide

How many devs are currently working on the DEX? : There are currently three developers working on the DEX

What percentage of completion is the DEX? : I would say 95% completed

When do they expect the DEX to be on the test net?: Early Next Month

What is the actual reason for the team to be anonymous? Is it because the team members have day jobs.. and Ravendex is more like a sidegig? : More like it.

Which subcontractor are working on the Dex?: An outsourced development contractor is working on the smart contract and scripting side

Can we get a detailed timeline for what’s cooking right now? : Yes, we have lot’s of releases slated for next month

Vault bugs, NFT Stacking and when will the Dex be available for testing? : Next Month too.

We will be making subsequent announcements as we draw close to testnet release and also share our updated roadmap.

About RavenDex

RavenDEX is on a mission to power decentralized financial applications being built on Cardano ecosystem, providing them a suite of robust decentralized offerings including: a DEX, IDO Launchpad, A Borrowing & Lending Platform.

As we continue to build and keep to our roadmap, Ravendex will deliver an increasingly larger array of services to take the Cardano ecosystem to the next level.

Follow Us On Social Media

Website: https://ravendex.io

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Documentation: https://docs.ravendex.io/

Through Crypto.com’s Ravendex price page, you can now directly access Ravendex’s RSS news feed.

This feature will enable Crypto.com users to obtain the latest news and updates on Ravendex.

Users can stay on top of the latest updates regarding Ravendex’s products and services in addition to access to the latest $RAVE price, trading volume, live charts and market capitalization data.

We are working to also integrate $RAVE Price Feed on the Staking Vault so that users can see the value of $RAVE Staked in real time.

About Crypto.com

Founded in 2016, Crypto.com has grown into a full-fledged and well-known international cryptocurrency hub in just a few short years. Its crypto ecosystem consists of the Crypto.com App, Crypto.com Exchange, Crypto.com DeFi Wallet, DeFi Swap, Crypto.com Visa Cards, Crypto Earn, Crypto Credit, Price Page, NFT marketplace, Ethereum Gas Fees Tracker, and many other services. Crypto.com works with regulatory institutions all over the globe, and aims to bring you the most convenient way to buy, sell, trade, and spend cryptocurrencies.

The Road Ahead For Ravendex

This journey has been filled with turmoils but we keep forging ahead regardless.

We have couple of development updates in the coming weeks as we have lot’s of events lined up which will include.

Ravendex ISPO 2.0 (Better Rewards & NFT Bonuses)

SHO (Strong Holders Offering) Users who have an active stake of 1 Million RAVE & Above can be able to buy RAVE at a much discounted price and would also be able to participate in the Ravendex testnet.

Rave NFT Staking, yes you heard it right, in few weeks time, you would be able to stake your NFts for a couple of epochs to hatch new ones, it’s still being developed as we write this medium post.

And Lastly, the Ravendex DEX Testnet which would be launched initially on milkomeda.

We would Start by making the necessary updates on the website about the updated roadmap in the coming days.

Ad Astra Rave!

Follow Ravendex On Social Media

Website: https://ravendex.io

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Documentation: https://docs.ravendex.io/

After much wait and delay, we are proud to announce to the Ravendex community that the Ravendex Vault Is Live Now.

The Ravendex Vault allows you to stake your $RAVE and earn rewards.

The Current APY Rate For Staking In The Vault Is 12%

That means you earn 1% Of Your Rave Holdings Every Month As Long As You Are Staking.

Snapshots will be taken every month, and you’ll be able to track your staking history and the respective rewards.

The first snapshot will take place on May 1st, and will mark the start of the staking process.

All you need to do right now is to access the Ravendex Vault and connect your wallet containing the $RAVE you want to stake.

Looking for where to buy $RAVE?

Check Out our Guide on how to Purchase Rave Tokens

After that, just press the Stake button and you’ll be eligible to start staking for the next snapshot.

All your $RAVE will still remain in your wallet. For you to be eligible to receive rewards, you cannot have less $RAVE in your wallet than the amount you staked at the time of the last snapshot. If you do, you’ll lose your rewards for the current staking period.

After the staking period ends, you’ll be able to claim your rewards. The first date after which you’ll be able to claim rewards will be June 1st.

Important Information

When the next threshold is reached, a snapshot of the balance will be taken.

When the threshold is reached, you will need to hold the minimum balance of your staked amount for at least 30 days from when the snapshot was taken in order to receive your rewards.

If at any point during these 30 days your stake is below the amount that you had when the threshold was reached, you will not receive the rewards for that but you can still continue staking for the next thresholds.

You can increase your stake by adding RAVE at any time. You will need to maintain that minimum balance for 30 days after the threshold has been reached in order to receive your rewards.

Don’t Forget That Ravendex ISPO is Live, Want to Earn Rave Tokens without Spending Your ADA? Join The ISPO

Follow Ravendex On Social Media

Website: https://ravendex.io

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Documentation: https://docs.ravendex.io/

Ravendex has a lot to offer in its 2022 Roadmap, with NFT Staking & More!

In this post, we’re going to take a look at what Rave NFT staking is, how it works, what type of rewards Rave Token & NFT holders can receive.

What Is NFT Staking?

NFT staking refers to locking up a non-fungible token on a decentralized platform or protocol in exchange for rewards and other benefits.

Staking NFTs allows the NFT holders to earn extra income from their collection while maintaining ownership.

NFT staking can benefit investors when the overall supply tends to be lower, like in the case of Rave NFts as there are less than 2000 of them existing on the Cardano blockchain.

In a broader context, NFT staking brings about new use cases to Non-Fungible tokens that go beyond the idea of collecting digital art.

How Does Rave NFT Staking Work?

Ravendex NFT staking program will allow holders of RAVE NFTs to earn $RAVE periodically.

How Do You Earn?

For holders to earn, they should also hold in the same wallet at least 30,000 $RAVE, and be staking at least a minimum of $50 ADA in Ravendex’s ISPO pool, RAVEP. As at the time of writing, Ravendex stake pool has over 9 million ADA staked and more delegators are still coming.

This will bring utility to the RAVE NFTs, making them a valuable asset to hold, and increasing their inherent market value.

Holders can stake their Rave NFts for a set period of 2, 4, 6, 12 months and earn up to 60% APY for staking depending on the Amount of Rave NFTs held in the wallet.

We are also working on an NFT gamification inspired by poker and slot machines, giving Rave NFT and Token holders more opportunities to stake their NFTs for a chance to earn greater rewards. All of Rave NFTs can be kept to use in various games in the Ravendex ecosystem, or sold and traded as digital collectibles on platforms like Jpg.store and CNFT.

We will communicate to the Raven’s nest once we are done with the NFT staking Platform.

We have also onboarded more experienced haskell and plutus developers that would hasten our DEX development to ensure that we ship on the mainnet in the shortest possible time.

Summary

Overall, we are thrilled to be developing some of the most exciting infrastructure in the Cardano space, which will provide much-needed utility to Rave token and Rave NFT.

Follow Ravendex On Social Media

Website: https://ravendex.io

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Documentation: https://docs.ravendex.io/

Hello Community,

As we edge closer to our DEX test net launch, here are a few development progress over the past two weeks:

Following on from the previous update, we are currently adding finishing touches and UI improvements to our Staking Vault.

• Users can now add and delete addresses to their vault
• View Rave Global Stake Value
• Top Up Your Rave Balance

The team is currently adding more features and improvements to the staking platform which will include:

The ability to add and stake Rave NFTs to earn compounding rewards in Rave.

In terms of the DEX development, we made good progress on the wallet connect module and swap interface, adjusting all the parameters to ensure that there are no issues.

The team will make further progress updates and we are still slated to launch before the End of Q2 2022 as we will be deploying a fast, secure, and interoperable decentralized application on the Cardano Blockchain.

With the start of our ISPO, Ravendex had one mission in mind, to build a Cardano Stake pool infrastructure that’d be secure, reliable, and provide top-class performance.

Although the pool’s current main purpose is to support the project with the ISPO, the ultimate goal is to provide delegators with excellent service as we move past it. We also believe in contributing to the network, following all the available best practices.

With this goal in mind, Ravendex has invested in a redundant, high availability, high-performance infrastructure that is geographically distributed to reduce latency and exposure to data center incidents.

The result is a pool that is currently showing a very low number of missed slots (effectively 0 aside from the expected small number of missed slots during epoch transition).

As the amount of delegators grows and, with it, the active stake increases, assigned blocks will also increase, as will the respective rewards, making them also more stable on a per epoch basis.

Terms

The terms below are used in the following article:

• ● Block producer: the node that validates transactions and mints blocks;
• ● Relay: the node that propagates blocks to the block producer and the rest of the network;
• ● DS: dedicated server, an instance that is solely intended to run a Cardano node, not sharing resources with any other services;
• ● VPS: virtual private server, an instance that shares resources with other VPS instances, running on an underlying physical server.

Node deployment

The block producers and relays are deployed in instances across multiple cloud providers.

For the main instances, dedicated servers were chosen so as not to have unexpected impacts on the performance of the nodes, which sometimes happen when cloud providers over-allocate resources to servers running VPS instances.

This performance impact usually occurs at times when an increased computation power is required (epoch change, for example) which can then translate to inconsistent, unreliable performance.

The main producer and relay instances consist of DSs with 8 core Xeon CPUs and 64GBs of RAM, while secondary node instances are running on lower-cost VPS instances with at least 6 CPU cores and 16GBs of RAM.

The architecture comprises:

● One announced relay;

• ● Two unannounced relays (so as to mitigate any eventual DDoS attacks and improve resiliency);
• ● One online block producer and a standby block producer that is converted to main block producer in case the original is found to be offline for any given reason.

Security

Several aspects are taken into consideration to make the operation as secure as possible:

• ● All nodes are running Debian Bullseye and all software packages are regularly updated so as to reduce the chances of running software with vulnerabilities.
• ● All nodes are firewalled, reducing incoming connections to those strictly necessary.
• ● Block producer instances are shielded from the public network, communicating solely with the relays. No files are kept in the BP other than the ones strictly needed for operation.
• ● All nodes are regularly backed up through the creation of snapshots with an appropriate retention period, which can be recovered in case of need. Nodes are also configured in a completely modular way, which makes it easy to spawn new instances in a matter of minutes in case of need.

Transactions

When any necessary transactions are to be executed, they are always signed in an air-gapped offline instance, that is kept securely stored and backed up regularly. This includes the regular KES key rotation.

In this way, pool keys are kept secure and completely away from any network connection.

Connectivity

All relay nodes are regularly checked for any latency issues to connected nodes, and adjustments are made in case of need. All relays are kept with around 20 connections to other network nodes.

What comes next?

As the ISPO progresses and active stake increases, new pools can be deployed to avoid saturation and reduced rewards.

According to community feedback, Ravendex may decide to open additional 100% RAVE pools or 50% RAVE pools.

Going into the future, and as the ISPO comes to an end, Ravendex pools will strive to continue providing a competitive high-quality service with reduced fees, bringing value to delegators that choose to keep staking with us.

Follow Ravendex On Social Media

Website: https://ravendex.io

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Documentation: https://docs.ravendex.io/

A Short Guide On how to delegate ADA to Ravendex’s Stake Pools

Hello Community,

Ravendex is kicking off it’s ISPO (Initial Stake Pool Offering) today.

How does it work?

1. Purchase ADA
2. Delegate ADA to Ravendex Cardano node:
   RAVEP Pool(100% Rave)
3. Earn Rave tokens every epoch (5 days) — locked until token release
4. Get Rave tokens airdropped after the ISPO ends.

This approach is revolutionary! as this is an opportunity for the Cardano Community to earn some Rave Tokens while also getting to to keep the ADA that they stake securely.

It’s all about giving and not taking, opening up opportunities and Ravendex sees it as a win-win-win; for the Community, for ADA, and for Ravendex!

Learn More about the Ravendex ISPO here

What is Cardano?

Cardano is a decentralized third-generation proof-of-stake blockchain platform, currently the third-largest blockchain in the market. Whilst it shares characteristics and applications with other blockchain platforms like Ethereum, Cardano distinguishes itself from others through a commitment to peer-reviewed scientific research as building blocks for updates to its platform.

Three organizations are responsible for Cardano’s development: IOHK, Cardano Foundation, and EMURGO. The first two are non-profit foundations and the third is a for-profit entity. The IOHK, which is responsible for building Cardano, works with a team of academics spread out across the world to produce research and review platform updates before implementation to ensure that they are scalable.

Why does Cardano require ADA to be staked or delegated to nodes?

ADA held on the Cardano network represents a stake in the network.

The ability to delegate or pledge a stake is fundamental to how Cardano works.

The more stake is delegated to a stake pool (up to a certain point), the more likely it is to make the next block — and the rewards that it earns are shared between everyone who delegated their stake to that stake pool.

How to stake ADA to Ravendex Cardano nodes

1. Download Yoroi or Daedalus
2. Continue through steps and then choose “Create wallet”
3. Continue through account setup, write down your recovery (Seed) phrase, and complete the creation of your wallet. After your account is set up, you can purchase ADA from Exchanges and send to your Wallet (Here’s a guide on how to purchase ADA)
4. Now that you have ADA in your wallet, you can click the “Delegation List” to find the RaveP ISPs. Find The RAVEP pool here.
5. Here you can search for RAVEP and then click DELEGATE to enter into the Ravendex ISPO.

If you have any more questions in regards to participating in the Ravendex ISPO, please send us a message via our Telegram Group or Twitter.

Follow Ravendex On Social Media

Website: https://ravendex.io

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Documentation: https://docs.ravendex.io/

Here is a recap of our AMA on SatoshiStreetBets Telegram Channel

2AM Thoughts,

@RavensLabs Welcome!

Ravers Nest,

Hello Guys!

SSB Marketing,

Hey hey

2AM Thoughts,

Helloo

Ravers Nest,

It’s really Nice being In Your Community

SSB Marketing,

Excited to have you guys here to learn more about your project

SSB Marketing,

Can u start by telling us what makes your Dex different then all these other Dex’s ?

Ravers Nest,

[In reply to SSB Marketing]

Yeah, We are ready

SSB Marketing,

@CIO_RAVENDEX added

Ravers Nest,

[In reply to SSB Marketing]

When launched our project will be Unique from other DEXes because we are working on becoming the first Fully Interconnected Defi Ecosystem On the cardano Blockchain

Our Project is 100% community Funded which makes it further decentralized

2AM Thoughts,

Could you tell us why Cardano? out of all the blockchains out there, why did you specifically choose Cardano?

Ravers Nest,

Our staking platform is unique too as Rave Holders can Choose a Staking Pool and Stake Their Rave and earn rewards without Their tokens ever leaving their wallet.

This is one of the first on the cardano ecosystem

SSB Marketing,

Why did you guys choose cardano ?

Ravers Nest,

[In reply to 2AM Thoughts]

Great, Question

Ravers Nest,

@@CIO_RAVENDEX Would You Explain Why We Decided to Build on Cardano?

CIO Ravendex,]

[In reply to Ravers Nest]

Yes sure 😁

CIO Ravendex,

We decided to build on cardano for a whole number of reasons.

The lack of fully functional Dexes and the low fees of the Cardano Blockchain were a huge deciding factor is us choosing to build on Cardano.

CIO Ravendex,

And Also bear in mind that Cardano is a 3rd Generation POS blockchain based on ouroboros consensus protocol

2AM Thoughts,

[In reply to CIO Ravendex]

It is indeed one of the most evolved blockchains, and has a lot of users.

2AM Thoughts,

[In reply to Ravers Nest]

How does your staking work? Usually when I stake, I must deposit my tokens into the pool, in order to earn rewards, I’m very curious.

Ravers Nest,

[In reply to 2AM Thoughts]

Yes, and Growing By The Day

Ravers Nest,

[In reply to 2AM Thoughts]

It’s actually Quite The opposite, When launched, our Staking Platform will be quite different from what is existing right now.

You Can Create A Vault

Add & Verify The Address that Contains Rave that you would love to stake

Choose A Stake pool, With It’s Own APR and Then Stake.

Your Rewards Would Be accumulated Every Epoch

You can do all these without your Rave Token Ever Leaving your Wallet

CIO Ravendex,

[In reply to Ravers Nest]

It’s functions in a way similar to WMT’s Staking Vault

2AM Thoughts,

[In reply to Ravers Nest]

oh wow, thats actually so cool and unique, I’ve never seen such staking system before, and to be the first, that always put you in big advantage.

2AM Thoughts,

with that being said, could you tell us a little bit more about you and the team behind this project? and when did it start?

Ravers Nest,

[In reply to 2AM Thoughts]

The Project Started Late Last year with a mission to develop an AMM Based Dex on cardano.

Our team is still undoxxed for now and plan to remain that way untill we launch a working product.

Read our First Medium Post Introducing Our project

https://ravendex.medium.com/introducing-ravendex-the-first-multi-protocol-defi-platform-on-cardano-powered-by-a-single-utility-607fa5baf4ab

2AM Thoughts,

[In reply to Ravers Nest]

Honest opinion, being undoxxed helps your case, because you’re building a decentralized exchange.

Ravers Nest,

[In reply to 2AM Thoughts]

Yes we are aware..

But Our Product is what really matters?

Long as it’s Secure and Audited yes?

2AM Thoughts,

Are you audited? if so, could you tell us by whom

Ravers Nest,

[In reply to 2AM Thoughts]

We will be auditing our codes before launching on the mainnet.

2AM Thoughts,

[In reply to Ravers Nest]

indeed, I 100% agree on that

Ravers Nest,

On A Quick Note,

Ravendex team is comprised of a multicultural team of cryptocurrency, branding, and computer programming experts hailing from around the world.

With over 20+ years of combined cryptocurrency, development and finance experience, Ravendex is delivering an entirely new take on decentralized finance

SSB Marketing,

What does your roadmap look like?

SSB Marketing,

And how do you guys feel about your progress to date ?

Ravers Nest,

You Can find our Updated Project Roadmap Below with the Milestones and Status

https://docs.ravendex.io/roadmap

2AM Thoughts,

[In reply to Ravers Nest]

Any ETA on the release of the staking?

Ravers Nest,

[In reply to SSB Marketing]

We have made huge progress.

We have been able to build a solid and vibrant community who believe in the project

Our project utility token is already trading on bitmart with a MC of over 5 Million

SSB Marketing,

What about your marketing plans?

SSB Marketing,

What have you guys done for marketing ?

SSB Marketing,

Are you guys up to anything néw or innovative ?

Ravers Nest,

[In reply to 2AM Thoughts]

We intend on launching the Staking Incentivised Testnet in the next coming days

Ravers Nest,

[In reply to SSB Marketing]

We are ramping up our marketing in the Days Leading Up To our testnet launch to create more awareness towards our project

Ravers Nest,

[In reply to SSB Marketing]

Yes!

we are also Developing a fully Cardano native IDO launchpad

2AM Thoughts,

So from my understanding, you guys are only available for purchasing on bitmart, and I know that cardano does have a dex called sundaeswap, not sure about it’s quality, but do you guys plan on adding liquidity to Sundae’s decentralized exchange? Or you want to go live on your own dex first?

Ravers Nest,

[In reply to 2AM Thoughts]

I Think it’s Up to the Ravendex Community To Decide.

We would create an Internal Poll For The Community To Vote

You Can find our telegram Community below.

https://t.me/RaversNest

2AM Thoughts,]

[In reply to Ravers Nest]

I really do admire a true community driven token, you must have a really cool community.

SSB Marketing,

[In reply to Ravers Nest]

Can you go into any more detail on this ?

Ravers Nest,

[In reply to SSB Marketing]

We would shed more light on it in due time.

Startups looking to build on cardano can create a proposal on our IDO PAD, And If Approved by The Community By A Vote (Eligible to only $Rave Stakers)

The Project can now launch it’s IDO Fundraise through our platform

Ravers Nest,

[In reply to Ravers Nest]

We would be making a more detailed post about this in the coming days

2AM Thoughts,

[In reply to Ravers Nest]

interesting….Could you tell us about your long-term vision of the project? and where do you see Raven 1 year from now?

Ravers Nest,

[In reply to 2AM Thoughts]

We see Ravendex as one of the Top DEXES on cardano by TVL and our token being on Top 100 Altcoins on Coinmarketcap & Coingecko

CIO Ravendex,

[In reply to Ravers Nest]

Good things take time 🙂

2AM Thoughts,

[In reply to CIO Ravendex]

I second that, haha.

2AM Thoughts,

I do also believe that once you are listed on a decentralized exchange, your market cap will see a significant raise, as many people including myself, can not really trade on a CEX such as bitmart because of the restrictions, and so we prefer to remain on DeFi

2AM Thoughts,

You mentioned that you wanted to get a security audit, could you tell us about the auditors that you or your community have in mind?

Ravers Nest,

[In reply to 2AM Thoughts]

Yes, we are very Much Aware.

Ravers Nest,

[In reply to 2AM Thoughts]

As cardano’s way of programming contracts are quite different from EVM Blockchain, so does the auditors.

We would be employing the services of cardano top shot Auditors like Runtime verification to go through our codes before we go live

SSB Marketing,

Wen are u planning on going live ?

Ravers Nest,]

[In reply to SSB Marketing]

We don’t want to give a definite date yet, but we will be launching before the end of Q1 2022

SSB Marketing,

Got it !

2AM Thoughts,

[In reply to Ravers Nest]

[ 😆 Sticker ]

Ravers Nest,

We at Ravendex believe that by pioneering use-case level protocols on Cardano, we have the ability to change the trajectory of global finance.

Whether it’s our work on the Automated Market Maker protocol, or Vesting, ICO, and Launchpad functionalities, Ravendex will be leading the pack in open-source decentralized exchanges, with plans to expand use-case scenarios every single month!

2AM Thoughts,

Ohh, I do have a question about your market maker that you’re developing

Ravers Nest,

[In reply to 2AM Thoughts]

Shoot

2AM Thoughts,]

[In reply to Ravers Nest]

I’m not really a tech guy, but I do understand that there’s a big problem with the current market makers on dexes like pancakeswap or uni swap, where part of the liquidity is undrainable, even if you sell 100% of the tokens on the exchange, there’ll always be 10k and up to 150k that can not be taken out unless you remove the liquidity completely

2AM Thoughts,

Will you have your own code for the match maker? or you’ll be using similar forked codes from uniswap/pcs..etc.

Ravers Nest,

[In reply to 2AM Thoughts]

Yes, It won’t be a problem on cardano as cardano operates using the Unique EUTXO Model

Ravendex will use the EUTXO accounting model known for it’s unique functionality, like the ability to have shared liquidity be split among different assets on the Cardano network.

We are also one of the very first projects on Cardano to conceive the idea of a crypto asset lending and borrowing using the recently released Alonzo Hard Fork update which allows smart contracts to deposit assets and collect interests using a pre-defined set of rules.

With Ravendex, liquidity providers (LPs) can pick the pools 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. At first glance, this appears to result in liquidity fragmentation.

However, because that pool is the most traded against, LPs will automatically direct their money to the most efficient pool for a given pair.

Yearn Finance, for example, 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.

Ravers Nest,

[In reply to 2AM Thoughts]

We would be developing our own codes as uniswap & Pancakeswap codes are EVM/Solidity, thus not compatible with Cardano at the moment.

SSB Marketing,

Is there anything else u want to leave us with before we wrap this up ?

2AM Thoughts,

[In reply to Ravers Nest]

That’s very interesting, thank you so much for coming here and bringing such unique project to the SSB community, I’m sure apes will ape once you go live on mainnet,

I’ve already had several people texting me throughout the day on how to purchase your token without having to go on a centralized exchange.

Ravers Nest,

[In reply to SSB Marketing]

Our key differentiator is not only in security, and value, but Ravendex plans to be the market leader in fee-less custodian-less blockchain transactions.

As we witness the birth of smart contracts within the ecosystem, our team works steadily to lead the community to a brighter decentralized future by open-sourcing all of our technologies via GitHub when we are done with development.

Ravers Nest,

[In reply to 2AM Thoughts]

We would have to decide on a community vote about that

SSB Marketing,

Thanks so much for joining us

SSB Marketing,

We really appreciate the information and look forward to following this project

Find out more information about Ravendex below.

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Github: https://github.com/Ravendexlabs

Resources: https://docs.ravendex.io/

Here is a recap of our AMA on Bitmart’s Telegram Channel

Yommey Admin (I Never DM First / Never Call),

Hi Everyone 👋

Yommey Admin (I Never DM First / Never Call),

It’s another AMA session today 😊

Yommey Admin (I Never DM First / Never Call),

@romonloc , the Chief information Officer from the Ravendex Team is already with us

Yommey Admin (I Never DM First / Never Call),

Please say hello to the Bitmart community @romonloc

Ravendex CMO,

Hi Bitmart Community!

It’s a pleasure being in your Community

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

Thank you for joining us and sorry for the slight delay

Yommey Admin (I Never DM First / Never Call),

Because we a few minutes behind I will like us to go straight into the AMA proper

Yommey Admin (I Never DM First / Never Call),

Q1. Please make a brief introduction of yourself.

Ravendex CMO,

Hello Esteemed Bitmart Community. I Am Roman Loc

I am the chief Information Officer Of Ravendex, A Decentralised Token Swap Protocol Being Built On Cardano.

I’m very happy to join this community for this AMA and shed more light about our project and what we are building.

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

Good one😊

Yommey Admin (I Never DM First / Never Call),

So let’s dive into it. Further questions will be project based questions now

Ravendex CMO,

[In reply to Yommey Admin (I Never DM First / Never Call)]

Okay

Yommey Admin (I Never DM First / Never Call),

Q2. Please make a brief introduction of the Ravendex Project to the community

Ravendex CMO,

[In reply to Yommey Admin (I Never DM First / Never Call)]

We introduced Ravendex project late Last year with a mission to build a Full feature packed Decentralized Exchange On Cardano

Ravendex when launched will enable swift and seamless swaps between ADA & cardano Native Tokens, utilising the low fees of the Cardano ecosystem.

Ravendex CMO,

Ravendex Idea was birthed out of the need to create a truly decentralised and permissionless platform for the exchange of cardano native tokens.

Yommey Admin (I Never DM First / Never Call),

Thank you for that

Yommey Admin (I Never DM First / Never Call),

Pretty interesting one there

Yommey Admin (I Never DM First / Never Call),

Q3. So tell us What is the goal of Ravendex?

Ravendex CMO,

We started This project With A Sole Aim, to become the number one DEX with the highest TVL (Total Value Locked) within the Cardano ecosystem while at the same time be an accelerator that would launch up and coming Cardano Projects.

Yommey Admin (I Never DM First / Never Call),

Q4. What exactly Makes Ravendex unique?

Ravendex CMO,

There are lots of factors that would make our project truly Unique.

We are currently in the process of developing a suite of De-Fi tailored services which will include but not limited to

A Cardano decentralized Exchange

A Staking Platform

A launchpad

With all these products when developed, we would be on the path to becoming the De-Fi hub of the Cardano ecosystem.

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

Right said. Hope for the best

Yommey Admin (I Never DM First / Never Call),

So we’ll like to know about the progress

Yommey Admin (I Never DM First / Never Call),

Q5. What Is The Project Progress So Far?

Ravendex CMO,

We have actually achieved a lot since after announcing our project.

We have finished the front end development of our Swap Platform, we are currently integrating with the Swap & Liquidity Contracts and also at the same time in the process of deploying our staking and launchpad platforms on the Cardano testnet.

Also, Our Utility token Rave is currently trading on Bitmart right now as we speak.

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

That’s already a long way up.

Yommey Admin (I Never DM First / Never Call),

Wish the team success in development

Yommey Admin (I Never DM First / Never Call),

So talking about your native token, RAVE

Yommey Admin (I Never DM First / Never Call),

Q6. What are The Use Cases Of $RAVE Token

Ravendex CMO,

Our Utility Token Rave will have multiple utilities like:

Staking:

$Rave 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.

$RAVE Liquidity Mining Program

When holding $RAVE, you can choose to provide liquidity to projects on our DEX and receive a percentage of the liquidity fees. A solution much like staking.

Paying For Platform Fees

Vetted Projects Can Apply For IDO on our launchpad and fees will be paid in $Rave Tokens.

You can read More about our Token Here: https://docs.ravendex.io/tokenomics/rave-token

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

Cool😊

Yommey Admin (I Never DM First / Never Call),

Thank you for sharing such vital info

Yommey Admin (I Never DM First / Never Call),

Still have about few questions

Yommey Admin (I Never DM First / Never Call),

Q7. What are your Marketing Plans? & Any partnerships Coming Soon?

Ravendex CMO,

We are big on Marketing as it’s essential that any crypto project remains in the news to create awareness and attract new enthusiasts and as such,

We already kicked off a mild marketing campaign on Crypto blogs and also we are very close to having our first partnership with a media partner that would be announced in the coming days.

We would also engage YouTube influencers and other Notable Figures in the crypto Space to Review our product when we launch on the testnet.

This will in turn increase the adoption of our platform and increase our token demand and effectively, the price.

Yommey Admin (I Never DM First / Never Call),

Q8. Wow… This sounds like a good plan, What is your Roadmap in the next Six Months?

Ravendex CMO,

We have a lot in store according to our roadmap.

We will be launching some of our products on the testnet which include

$RAVE Staking Platform

$RAVE NFT Staking & NFT Rewards Mechanism

DEX Testnest Launch

You can read the full roadmap with the completed phases below.

https://docs.ravendex.io/roadmap

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

Great 👍

Yommey Admin (I Never DM First / Never Call),

Thank you for for time answering my questions with concise answers

Yommey Admin (I Never DM First / Never Call),

Let me stop there from my end

Yommey Admin (I Never DM First / Never Call),

Right about now we’ll let the Audience too ask you some questions

Ravendex CMO,

[In reply to Yommey Admin (I Never DM First / Never Call)]

Okay, I’m Ready 😄

Yommey Admin (I Never DM First / Never Call),

Yes, thank you

Ravendex CMO,

[In reply to 🅲🅾

We have achieved a lot.

We are working Round The Clock To Launch The Dex on the testnet and subsequently on the mainnet in no distant time.

Ravendex CMO,

[In reply to Mr.RussLy Never DM you first]

We will be auditing the Smart Contracts when we have fully tested on the cardano testnet

Ravendex CMO,

[In reply to Lessie Lawson]

You can Read More About Our Ambassador program Here: https://ravendex.medium.com/ravendex-ambassador-program-launch-3b88c4806fab

Ravendex CMO,

[In reply to Chun Metzler]

We are barely 5 Months Old, here is a Image representation of our Roadmap

Ravendex CMO,

[In reply to Lorenzo Carr]

Yes, We do, we will be launching the testnet of our staking platform in no distant time.

Ravendex CMO,

[In reply to PUTRI.M.S Putri0220]

We already have a solid plan to make our project sustainable untill we evolve into a full DAO where the community makes 100% of the decisions affecting our Ecosystem

Ravendex CMO, [1/31/2022 5:59 PM]

[In reply to C O R V U S L U P U S]

yes, Our Token is trading on bitmart, You can Purchase below

https://www.bitmart.com/trade/en?symbol=RAVE_USDT&layout=basic

Ravendex CMO,

[In reply to Question Until]

Yes, You can check out our NFTs

https://nft.ravendex.io

Ravendex CMO,

[In reply to AI CHẢ NGÃ 1 ĐÔI LẦN]

Launching our Dex right now is our most important priority

Ravendex CMO,

@yommey_bitmart_admin I Guess i have answered Enough? 😀

Yommey Admin (I Never DM First / Never Call),

Just one more 😊

Yommey Admin (I Never DM First / Never Call),

We can have 10

Ravendex CMO,

[In reply to

yes, Join our Telegram Community (Raven’s Nest) as our ambassador program is ongoing

https://t.me/RaversNest

Yommey Admin (I Never DM First / Never Call),

Thank you sir for these responses..

Yommey Admin (I Never DM First / Never Call),

[In reply to Ravendex CMO]

Anyone with pressing questions should join the project community group for more information

Ravendex CMO,

[In reply to Yommey Admin (I Never DM First / Never Call)]

😃

Hello Ravers.

As our community keeps expanding and we are about to enter an interesting phase in our project Roadmap.

We will be kicking off a series of Public beta testing of some of the De-fi Tailored products we have been developing over the past few months.

Our community has gradually grown at an exponential rate as we now have over 3000 Members in our new telegram community after the previous one was flagged by fudders hellbent on tarnishing the project.

Since we announced our project late last year, our goals and mission appeared to be far and out of reach coupled with the fact that we were marooned by the likes of Cardanocube & Buildingoncardano after we already got listed on their platform, they went ahead to delist our project.

It was a trying time for the Ravendex team but with we have been able to keep progressing and developing with the support of our community who have been with us every step of the way to empower us to move past adversities and make an impact in the Cardano ecosystem.

As our community is growing, so does the task of handling, managing & on-boarding new members.

So to help manage and maintain our community, we are establishing our first-ever Ambassador Program to empower our community spread awareness about Ravendex and educate a wider audience about the potential of the Cardano Ecosystem.

We have earmarked a percentage of $Rave Total supply to incentivise our Ambassadors.

The Ambassador Program will seek to accomplish several tasks:

• Incentivise community members to create informative content about Ravendex📑
• Strengthen activity on our social media channels with active moderators who are also a part of the community🐦
• Encourage the creation of community channels to lead organic community growth 📈

There Will Be 3 Categories Of Ravendex Ambassadors

Content Creators

The Moderators

Social Media Community Channel Leaders.

Each one of these categories is essential in continuing to establish Ravendex’s brand and presence in the Cardano community.

Content Creators

Content Creators are one of the most crucial pillars of this program since they have the ability to draw in new members to our community.

Community members who can create content, such as blogs, articles, graphic designs, podcasts, videos, or tutorials, should apply to be a content creator.

To become a Ravendex Ambassador Content Creator, you must submit 2–3 contents you have published on any social media in the past as a way to evaluate the quality of your previous content.

In addition, Content Creators are able to participate in discussions with team members regarding the project’s direction, via a dedicated Ambassador channel and group calls.

Once your application is approved to be a Contributor or Ambassador Content Creator, you’ll send topics/type of content that you want to create about Ravendex.

Depending on the quality of your work and your position, you can receive rewards Monthly, paid in $RAVE Utility Tokens or ADA, as the case may be.

Please note that we will be limiting the number of Ambassador Content Creators to 10.

Moderators 👮🏽‍♀️

Moderators will play another important in making Ravendex’s social channels a welcoming environment for new community members.

While content creators are tasked with creating content to draw in new members,

Moderators will play a crucial role in providing up-to-date resources to new members.

Moderators receive rewards in $RAVE for moderating our social channels.

Community Channel Leaders 🧑🏻‍💼

Community channels are important for discussions that are less inclined to our PROJECT than in our own official channels.

Whether these channels are used to discuss ways to bring awareness to the Cardano community or discuss Ravendex in another language, We are determined to help foster organic community growth.

There will be two aspects of a community channel that we’ll support:

The Community Leaders and community events manager.

Community Leaders act similar to Moderators in our official channel in that they are necessary for creating a welcoming environment for community members to join into.

When applying to be a Community Leader, you must give a brief description of the community channel you want to create and explain how the channel would be beneficial to our community.

Community Leaders can create rules more or less strict than in our official channels.

However, Community Leaders must ensure that there is no misinformation being spread and uphold Ravendex’s brand and Code of Conduct.

Ravendex will from time to time hold community events that are crucial in bringing members together to help spread RAVENDEX’s brand.

To encourage similar community events, we plan on funding community-led events that seek to promote Ravendex’s awareness.

At the time of the launch of the Ambassador Program, we will be limiting the number of community channels to 5.

Ravendex Ambassador Privileges

As community members who promote the best of Ravendex, you get privileges such as:

• $RAVE Token grants for contributions
• Free $RAVE NFT Perks
• Exclusive Ambassador role on our Telegram Channel
• Gain behind-the-scene access to the project’s roadmap
• More involvement in the project’s decision-making process by providing direct feedback to core team members

By working together with our community through collaborative endeavours, we can show the Cardano community the potential of our Ravendex platform and usher in a new era of limitless scalability, security, and decentralisation.

Interested Members Should Fill This Form.

Have a Nice Weekend Everyone

About Ravendex

Find out more information about Ravendex below.

Twitter: https://twitter.com/Ravendexlabs

Telegram: https://t.me/RaversNest

Announcements: https://t.me/ravendexofficial

Github: https://github.com/Ravendexlabs

Resources: https://docs.ravendex.io/