Why Ravencoin Will Flourish for Years to Come


Hello and happy Tuesday! As the summer months are winding down, the changing seasons have brought a whirlwind of shockwaves to the blockchain world. Whether it is El Salvador accepting Bitcoin as legal tender, the SEC threatening to sue Coinbase over its Lend program, China issuing its weekly (or at least it feels that way!) ban on cryptocurrencies in the country, or uncertainty originating from a host of challenges foreign and aborad, market volatility has been overly-abundant. A silver lining from all of this is that alt-coins with more robust fundamentals and better price action have been able to hold key support levels, whereas weaker, less utilized projects have begun to fall through the cracks.

While it can be hard to keep up with all of the mayhem, there is one asset that is worth remembering: Ravencoin.

As discussed in a previous Token Tuesday, which can be found here, the Ravencoin (RVN) protocol was born thanks to businessman Bruce Fenton and developer Tron Black. The protocol was designed to facilitate the creation and transfer of tokens representing real-world assets such as securities, collectibles, gold, event tickets, or even airline miles. It was launched as an open-source fork of Bitcoin’s codebase, meaning the developers copied and amended Bitcoin’s code to provide additional features targeting different goals.

Being a Proof-of-Work (PoW) blockchain, RVN enables a quick and efficient issuance of assets, a possible advantage over Ethereum’s Proof-of-Stake (PoS) protocol. These issued tokens have many uses, including security tokens, real-time asset transfer transactions, and non-fungible tokens (NFT).

Representing a shift from traditional chains to a security token-centric approach, Ravencoin provides a compliant enterprise-grade security token issuance solution for firms seeking more out of their blockchain. Designed for use by corporate clients, the Ravencoin developers entered the market with one goal: solve the challenges that arise from using today’s token issuance platforms. With a few key features, Ravencoin aims to solve many of these problems the developers were facing.

Ravencoin has set itself apart with its technological advancements and innovation, but if you have been exploring cryptocurrencies on social media, there is a key differentiator: the community. You will be hard-pressed to find a more passionate, knowledgeable, and goal-driven group of investors than those involved in the Ravencoin Project. One reason may be due to the structure of the coin. While backed by Medici Ventures, a subsidiary of Overstock, there was no pre-sale or ICO, meaning no tokens were given to advisors, staff, developers, board members, or anyone else. Leaving the project with a democratic backbone helped launch the Ravencoin Foundation in 2020, two years after the initial token launch. This ensured that the project became a fully community-driven project independent of Medici Venture’s control.

When communities have more control over an asset they believe in, something pretty cool happens: masses recognize the potential that’s possible.

There are few better to hear from than someone on the frontlines of Ravencoin’s community. I asked Leon (known on Twitter as @Leon_Texas), an investor and very well respected voice for Ravencoin, why Ravencoin would be able to sustain near-term market instability and what he thought was most appealing about the fundamentals of RVN. He had this to say:

I don’t know if there’s a project out there that is immune to short-term instability. As hard as it is to do, you have to think macro and ignore short-term noise with projects you believe in.

Ravencoin offers next-gen real-world features that are needed on a global scale. If only one region adopts Ravencoin, it will be a home-run for $RVN, but there is no doubt that this adoption will spread much further than that. Capabilities not even fathomed will soon be possible through Ravencoin’s protocol.

One of the most underrated features of Ravencoin is its community. Fortune 100 companies can’t replicate this passion that our growing community displays daily. Individuals spend their money traveling the world to talk to make leaders aware of the possibilities with Ravencoin and thousands more are contributing in their own way. In a world where individual freedom is diminishing, Ravencoin is truly decentralized. There’s nobody to ask for approval as it is free code given away for anyone to use or build on. It’s refreshing to be part of a blockchain that is truly free. The biggest obstacle to Ravencoin today is ourselves. The moon is the limit.

It is safe to say that Leon represents many in the community when he speaks to why he believes Ravencoin will succeed far into the future.

Whether representing real-world assets in the form of security tokens, as Chainstone Labs did, real estate, gold, or being used to create NFTs using a RVN platform, the opportunities are endless.

While trading at a market cap of ~$950 million, RVN is by no means breaking any records… yet. There is no doubt that if the use cases continue to increase, the community keeps growing, and protocol keeps evolving, Leon is right, the moon is the limit.

___________________________________________________________________

Thank you for reading this edition of Token Tuesday! If you have any questions or feedback, please reach out to [email protected].

See you next week! 👋

Written and published by Samuel J. Sachs. Follow me on Twitter.

Everything in this report is for informational purposes. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this market report should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post

STO 如何利於資產配置?STO 如何利於資產配置?

區塊鏈,有時被稱為分散式賬本技術( Distributed Ledger Technology ),透過加密使任何數碼資產或交易紀錄變得不可更改且透明化。這種形式的加密允許進行追踪和不可逆 轉的交易,而其中的驗證來自多個來源認證。在尚未應用區塊鏈技術之前,交易只能 由中央機構,例如公司或銀行的私人數據庫來進行驗證,但容易受到黑客入侵和操縱 數據。區塊鏈技術的重大好處是它創建了可證明的、可確證的、不可改變的數據紀錄。引入區塊鏈技術的其他好處包括:  減少交易費用和交易成本。因為減少了對中介的需求,以及減少在經紀交易上的時間。 通過提高交易速度和透明度來轉換訊息流,從而促進價格的查詢和提高二級市場的流動性。 目前, 市場上存在三種加密資產原型(支付型代幣、功能型代幣和證券型代幣), 每種都有特定的商業目的、股東和相關的監管框架。而STO 屬於其中一種加密資產,英文全稱為「Security Token Offering 」,即證券型代幣發行, 就像首次公開發行( IPO )一樣,STO 是受管制的公開發行。這意味著 STO 必須遵守所有進行公開發行的法律框架。STO 必須有資產作為抵押,比如一套房產、一輛車、一張會員卡、一幅名畫、一間公司,甚至知識產權的股票都可以以 STO 形式發行。此其中運用的區塊鏈技術將資產以虛擬代幣的形式證券化,當中亦包括發行、託管和結算傳統有價證券(如股票、債券等)或者其他非流動資產(如房產、車輛、洋酒等) 。 證券型代幣與智能合約編程融合及受證券法規範而發行下,可以把市場上非流動資產變成流動資產,釋放資產的自身價值。STO 除了成為企業募集資金的新寵兒,亦令投資者有多個資產配置的選擇。根據 Fidelity

Cryptosx News
Close Bitnami banner
Bitnami