These days, decentralized exchanges are part of exchanges that permit peer-to-peer transactions with none third celebration. Importantly, you’ll be able to carry out transactions safely on-line with none points.
DEX advocates that what makes decentralized exchanges enticing is their safety. Nonetheless, centralized exchanges include a number of points, together with publicity to hackers, prohibiting or limiting your means to commerce cryptocurrency, and limiting entry to your digital belongings.
However, decentralized exchanges facilitate commerce between people by means of sensible contracts. There are a number of profitable DEXs, together with PancakeSwap on Binance Sensible Chain and Curve and Uniswap on Ethereum. RavenDex is one other distinctive platform constructed on the Cardano Blockchain. It’s a cross-chain alternate that operates utilizing the EUTXO accounting mannequin with distinctive options like splitting liquidity.
Apart from this, it affords the primary crypto asset lending and borrowing platform on the Cardano Ecosystem that enables sensible contracts to deposit and gather pursuits from belongings utilizing a set of pre-defined guidelines.
In an effort to additional learn about Ravendex, right here’s an interview with Ravendex Core Staff.
Q: Fast follower gaining on Twitter inside a brief interval, what’s the secret?
Ravendex Core Staff: I all the time know that progress is feasible when the appropriate precept is utilized. We understood the significance of Twitter and utilized the platform to its fullest.
Firstly, we partnered with Twitter promoters to leverage their viewers. The advertising crew additionally ran totally different PR campaigns, which resulted in over 15K followers inside a month.
Q: What’s the concept behind your crew’s mysterious id?
Ravendex Core Staff: A mission will be nameless for particular causes. Nonetheless, it’s basic for traders to do their analysis about any mission. The entire idea of Crypto trade was the decentralized and being nameless, and now makes an attempt are made to alter that fully in title of transparency. It’s laughable that some folks assume that when a mission has an nameless crew, it’s a fraudulent mission.
Q: Due to the nameless crew behind your mission, there are a number of FUDs in regards to the Rave token on social media. What’s your response to those FUDs?
Ravendex Core Staff: You probably have been within the cryptocurrency house, you’d know that FUD is inevitable. For example, Bitcoin was known as a rip-off when it began, and many individuals refused to purchase it.
Immediately, its worth is approaching the $100,000 market, and you continue to assume it’s a FUD? So once I hear in regards to the FUD about our mission, I don’t give a thought to them as a result of we’re right here to revolutionize the cryptocurrency trade.
Q: Is there any perception as to the place the mission is heading now?
Ravendex Core Staff: What perception are you referring to? We’ve got every little thing laid out on our a number of platforms. For example, in our Medium weblog, you will note our technical updates and documentation pages, which present our Roadmap.
As well as, on our web site, you’ll be able to obtain our Whitepaper, which accommodates every little thing you might want to know in regards to the mission and the sale phases.
Q: We’ve talked in regards to the FUD; what’s the angle of Ravendex regarding this?
Ravendex Core Staff: We’ve got all the time had a zero-tolerance relating to FUD. Fudders have just one intention, which is to carry a mission down, however something. It’s evident that our success, regardless of being nameless, has attracted a number of jealous critics and bitter individuals who missed the bandwagon or are on the mistaken facet of the road. We want them effectively as a result of
Ravendex has been rising exponentially regardless of these assaults. If their jealously fuels our success extra, we sit up for extra of those FUDS.