Project Safety Score

Fri, Mar 29, 2024 10:45 AM

	Market Cap	$244,982,885.06
	Market Dominance	0.0206
	24hr Volume	$5,254,495.67
	Price	$0.0192

41%

Score

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Project Details
Project Statement
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Name

Ravencoin

Type

coin

Technology

1^stgen blockchain

Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less. Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind. Ravencoin doesn’t have an established team. It’s an open-source project led by the core developers: RavoncoinDev, Tron, and Chatturga (discord usernames). Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team. The core developers launched Ravencoin on January 3rd, 2018 and Fenton kicked off the launch with a Tweet announcing the start of mining. The project gained some notoriety when Overstock CEO Patrick Byrne announced that his company had made a multi-million dollar investment into the team. Since then, the team has been building out the core functionality of asset support and rewards capabilities. The release of the Ravencoin mainnet and increase in activity on the platform should help the price. Any news of notable companies or financial institutions utilizing the platform should also have a positive effect. Ravencoin offers just one thing: tokenized asset transfer. And that singular focus isn’t a bad thing. When projects attempt to solve a bunch of problems at once, they often create a bunch of half-baked solutions. Ravencoin is avoiding that. As a young project with seemingly endless competition, it’s difficult to predict how successful Ravencoin will be. An active community and backing from one of the most respected names in online retail are positive indicators, though. There’s a clear trend toward the tokenization of all types of assets. However, we have yet to see whether or not Ravencoin will be leading that change.

4.3/5

(7 reviews)

Ratings and reviews left by our members do not impact the profile score.

Cultural_Traffic_321 2 years ago

This coin is owned by the community and the people, so I wasn't shocked that we got an "F" in marketing :)

0 0

Sam Velasco 2 years ago

No ICO, no pre-sale, no centralized foundation, fairly mined PoW, BTC fork with 1st layer tokenization and built-in burning. What's there not to like? It's also one of the hardest cryptos to launch a 51% attack against, always in the top 5 in safety.

1 0

kawkaw 2 years ago

If you have a 4gb gpu or less this is your go-to coin.

0 0

Hyu 3 years ago

The whitepaper is low quality and low effort. In the references they link to Forbes of all places. I say it is definitely a scam.

0 1

Anon 3 years ago

The URL given of their dev team is invalid. Who is the real person behind Ravencoin? How can I be sure they won't dump hard on their community? That's my only concern with this coin

0 0

Kawwwoin 5 years ago

The biggest GPU coin right now with massive backing. Definitely no scam :D The explorer link on this should be updated as threeye is no longer maintained. https://exp.virtopia.ca is a good replacement.

1 0

Crypto Alex 6 years ago

I heard about this Ravencoin around March 1st, 2018. What got me excited was that it is a very fair & honest project... No ICO, no Pre-Mine, no SCAM!!!! I dug into the project some more and I like the team, and I like what they are trying to do... the transfer of assets using Bitcoin (super safe/secure code) to build on top of. I REALLY REALLY like that they made the coin available to be mined by regular/personal computers!!!! Their project is ASIC resistent, which offers normal (not too-techy) people a chance to mine. I have been mining Ravencoin RVN since March 1st and have been able to avg. 25 coins/day using my laptop (GPU mining).

1 0

Showing records 1 - 7 of 7 ratings

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4.29/5

(7 reviews)

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Voted:

moon

Bulls v Bears:

Bullish

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Ravencoin Profile (RVN)