What is Ravencoin (RVN )? Latest information about RVN Token

Currently, the need to issue and trade assets in a transparent, decentralized, and intermediary-free manner has become more urgent than ever. Ravencoin is one of the pioneering blockchain projects serving that exact goal with a simple, transparent design focused on the community. What makes this project special? Let's explore with Allinstation through the article below!

What is Ravencoin (RVN)?

Ravencoin (RVN) is an open-source blockchain released on January 3, 2018 – exactly 9 years after Bitcoin's birth. The project was developed with the goal of facilitating the easy, safe, and decentralized issuance and transfer of digital assets.

Without an ICO, no pre-mining, and no tokens reserved for the founding team, Ravencoin is a fair network operating based on community contributions and initially funded by Medici Ventures, a subsidiary of Overstock.com.

How Does the Project Work?

Ravencoin is a Fork of Bitcoin, but with all system parameters customized to serve the purpose of asset issuance and transfer:

• Block creation time: 1 minute Total Supply: 21 billion RVN (1000 times Bitcoin)
• Mining algorithm: KAWPOW – ASIC-resistant, GPU-optimized
• Consensus mechanism: Proof of Work (PoW)

Users can burn RVN to create new tokens with their own names, attributes, and purposes.

Ravencoin (RVN) Products

Ravencoin is specifically designed to serve digital asset issuance, management, and transfer. Without using complex smart contracts like Ethereum, Ravencoin provides these functions through features directly integrated into the blockchain protocol, simplifying the user experience. Here are the 4 main products:

Asset Creation

Asset Creation is the core feature of creating and issuing digital assets. Users can create tokens representing:

• Company stocks
• Real estate
• Event tickets
• NFT game assets and many other types of assets

How it works:

• Users need to burn 500 RVN to create a new token.
• Token name must be unique and global, without duplication.
• The issuer can define token quantity, reissuance capability, transferability, etc.

This feature allows anyone to "tokenize" assets without needing smart contracts or developers.

Unique Assets – Unique Assets (Non-Fungible Token)

Ravencoin supports the issuance of Unique Assets – non-fungible tokens (NFT), similar to Ethereum's ERC-721 standard.

Characteristics:

• Each NFT has a unique identifier.
• Can attach descriptions, metadata, images, documents, etc.
• Suitable for applications like digital collections, certificates, copyright ownership, etc.

Issuance cost: Creating a unique asset requires 5 RVN/token, making NFT minting costs on Ravencoin extremely low compared to Ethereum or Polygon.

Token Messaging

Token Messaging is a feature that allows on-chain messaging to Ravencoin token holders, enabling asset owners to send notifications to all token holders.

This feature includes:

• Sending updates, news, dividend notifications, or voting information.
• Direct interaction with the investor community without intermediary platforms.
• Protecting privacy as information only reaches wallets holding the token.

This protocol is called KAAAWW – a new approach to connecting issuers and communities in a decentralized manner.

Voting Mechanism

Ravencoin's Voting Mechanism is an on-chain voting system that allows decentralized voting for token holders through the VOTE Token feature.

How it works:

• Token issuers create VOTE tokens representing different options or voting rights.
• VOTE tokens are distributed to RVN holders (potentially at a 1:1 ratio).
• Users send back VOTE tokens according to their choice – the system transparently counts votes.

Practical applications: Shareholder voting, DAO voting, Asset holder community polls

Highlights of Ravencoin

• No ICO – No Pre-mine: No one receives benefits in advance, all RVN tokens are mined publicly from the first block.
• KAWPOW Algorithm – ASIC Resistant: Designed for GPUs to efficiently mine RVN, countering the concentration of large Miners.
• Specialized for Digital Assets: User-friendly token issuance interface, no smart contract required, no code error risks.
• Open Source & Community-Operated: Anyone can contribute code, create wallets, or develop products on the Ravencoin network.

Overview of RVN Token and Tokenomics

Basic Information

• Token Name: Ravencoin
• Ticker: RVN
• Blockchain: Ravencoin (Independent PoW)
• Total Supply: 21,000,000,000 RVN
• Circulating Supply: 15,212,776,791 RVN
• Block Time: 1 minute per block
• Current Block Reward: 2,500 RVN

Token Distribution & Token Schedule

• RVN has no special allocation for anyone.
• RVN is mined with a 1-minute time for each block.

Token Utility

• Transaction Fee Payment on Ravencoin Network
  RVN is used to pay transaction fees on the Ravencoin network, similar to other blockchains like Ethereum or Bitcoin.
• Block Rewards for Miners

Ravencoin encourages user participation by rewarding RVN to Miners when each new block is generated.

• Profit Sharing with RVN
  Asset holders on the Ravencoin network can receive dividends in RVN. For example, a software company issuing the KAWLY token and sharing profits in RVN to token holders.
• Creating Unique Tokens

Ravencoin allows creating unique assets with a cost of 5 RVN, similar to ERC-721 on Ethereum. These assets can be easily transferred in ownership.

• Notifications to Token Holders
  Ravencoin's KAAAWWW protocol allows token owners to send notifications to all token holders, from voting notices to thank you messages and requests.
• Voting on Ravencoin

RVN owners will receive VOTE tokens at a 1:1 ratio with their RVN to participate in voting within the Ravencoin system.

Roadmap

Some key objectives of Ravencoin in the upcoming phase:

• Optimize performance and transaction processing speed
• Support mobile wallets & deep integration of Cold Storage (Trezor, Ledger)
• Upgrade user-friendly NFT issuance interface
• Expand DAO tools and community voting
• Considering integration of simple DeFi tools on the platform

Project Team, Investors, and Partners

Project Team

Ravencoin is an open-source, decentralized project with no single company or organization fully owning or controlling it. However, some prominent individuals have played crucial roles in the project's formation and development, including:

• Tron Black (Core Developer): With over 5 years of industry experience, Tron is currently the main software developer for Medici. Additionally, he has been Chairman/CEO of Blue Squirrel for over 17 years. He created Paten, an identification system for cryptocurrency wallet addresses...
• Bruce Fenton (Advisor): With over 23 years of financial industry experience and 3 years in blockchain, he is currently a Blockchain economic advisor. Throughout his career, he has contributed over $5 billion in investments. He has also advised the Bill & Melinda Gates Foundation and participated in organizing high-level meetings between Bill Gates and business and government representatives in Saudi Arabia...

Investors

Ravencoin did not conduct an ICO, has no pre-mine, and does not allocate tokens specifically to any organization. It is one of the very few blockchain projects launched completely transparently and decentralized:

• No Venture Capital funds owned RVN from the beginning.
• All RVN are mined fairly by the community from the genesis block.

Medici Ventures (part of Overstock.com) was the only entity that initially sponsored technical personnel and support for Ravencoin. However, even Medici does not hold specific tokens or have any special advantages in the system.

Partners

As Ravencoin operates on a community model and does not focus on marketing, the project's partner ecosystem has largely developed naturally, based on community and real needs. Some examples:

• Trust Wallet, Zelcore, SafePal – support RVN storage and transactions.
• tZero (Overstock) – once integrated Ravencoin to support digital securities issuance.
• RVNFT Marketplace – NFT trading platform specific to the Ravencoin blockchain.
• Community developing open-source tools like Ravencoin Asset Explorer, RVN Node Tools, etc.

Summary

Ravencoin is one of the few purely decentralized blockchain projects, launched without ICO, without pre-mine, and operated entirely by the community. With a clear goal of serving digital asset issuance and transfer needs transparently, quickly, and without intermediaries, Ravencoin has built a rich product ecosystem such as token creation, NFTs, on-chain messaging, and voting mechanisms.

Despite not being "pumped" by large investment funds, Ravencoin has maintained its appeal through the fairness, transparency, and effectiveness of the technology it provides. With stable market capitalization, steadily increasing real user base, and specific use cases, Ravencoin is a worthy consideration in the portfolio of projects focused on asset tokenization in the Web3 era.

Please note this is not investment advice.