Ravendex Introduces Staking and Launchpad Platform

The crypto market has been bearish for the past few days and Investors have cut most cryptocurrencies including Bitcoin from their portfolios to avoid volatile assets while considering the low side of global markets due to the hawkish Federal Reserve, expecting higher interest rates.

The Cardano roadmap is currently focusing on several updates to optimize and scale the network, hoping to achieve faster transactions and adopt the layer 2 Hydra solution, as its partner company Input Output just announced a promising scaling update that is supposed to increase Plutus script memory units per transaction to 12,5 million.

About Ravendex

Ravendex is on a mission to build and develop cutting-edge De-Fi Tailored solutions and also a decentralized exchange on Cardano Blockchain.

Read more: https://www.digitaljournal.com/pr/cardano-based-decentralized-exchange-ravendex-readies-for-staking-launchpad-platform-release-2#ixzz7JABRQlL9

Why Build A Decentralized Exchange?

A decentralized Exchange treats the transactions automatically and does not need any central authority or middleman operators during transactions. The foremost reason to start and launch an own Decentralized Exchange (DEX Platform) is that this DEX platform implements very fewer fees or requirements costs when compared to the Traditional Centralized Exchange. The Integration of Smart contracts in our DEX Platform embarks each transaction on the platform automatically, Users can experience recurring earnings as there are increasing traders for decentralized exchange every second.

• No Middleman
• Blockchain Smart contracts
• Integration of Liquidity API
• High-volume Revenue
• Solitary Ownership

3 Popular types of DEX

On-chain order books settlements

It’s entirely based on Blockchain services it protects the user’s privacy with security in this form of DEX.

Off-chain order books with on-chain settlements

As-built on the top of the Ethereum blockchain, it processes the off-chain orders the trade entirely happens on this blockchain services. Here, the user takes control over the funds until an exchange happens.

Smart contract-based reserves

Have the power to connect the buyer seller even in low liquidity

Benefits Of Decentralized Exchange

The obvious benefits of the DEX platform over the centralized exchange are

1. Gets rid of the trustless nature, as previously said the funds are on your wallet there is extreme security, transparency, and trust.
2. Extreme privacy
3. The identity of the buyer seller is not revealed
4. Distributed Hosting
5. No server downtime
6. No risk
7. Easy to use
8. High liquidity
9. Transparency
10. Security

Why SellBitBuy for Decentralized Exchange Development?