Convert that into funds. and earn yourself as you read! By CryptoBoomer | There are many others too, which you can view on the Ravencoin Wiki. 13 minute read. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. Using the blockchain creates a contract which can be transferred to the new owner. The token’s all-time low is $0.009. SBI Group’s CEO Drops Bitcoin Cash and Bitcoin SV for XRP, Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring, Top 5 Digital Currencies With A Market Cap Under $100M, Electroneum (ETN) and Ravencoin (RVN): Two giants in the making, 3 Altcoins That Can Net You A Fortune In 2019, Rookie cryptocurrency, Ravencoin (RVN) continues with its bull run, TEL AVIV, Israel, 13th October, 2020, // ChainWire //. While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI. However, this is not the first time this has happened in the past month, and it is entirely possible that the coin will return to its former glory relatively soon. Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”, Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. The thing is, several third party solutions are being built which link Bitcoin to the tokenization of assets. However, RVN remains an active investment, and it is pretty low-risk, while it can be highly rewarding if the project takes off, as experts believe it might. As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value. It uses the X16 mining algorithm, which is ASIC resistant. There are a few reasons for this. Please enter the e-mail that you registered your account with, and we will send your username to that address. and Terms of Service apply. Is Bitcoin Esport Betting the next big thing in BTC Casinos? It also started with rewards of 5,000 RVN per block, while Bitcoin started with 50 BTC per block. These are some big projects, like Polymath (POLY), which already possess a lot of clout and make headlines regularly. The token’s all-time low is $0.009. Here’s the most exciting part of Ravencoin: it can be used to tokenize all sorts of assets and has been used to tokenize several already. The list of potential assets are as follows: securities; virtual goods such as event tickets, in-game currencies and service access; precious metals like gold and silver; land deeds and energy units like oil, gas and electricity; and credit, like gift cards, airline miles and reward points. Ravencoin Social Following Rank: 91/100, How many users are searching for the coin? It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. Ravencoin Market Cap Rank: 98/100, Is the price moving up or down? Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present. This means that there are a lot of investors paying attention to this project. Privacy Policy While currently the blockchain is mostly used for the transfer of digital currencies, RVN will allow users to do more. In the event that your computer is lost, stolen or becomes inoperable, this will be the only way for you to regain access to your wallets. Using this platform, anyone can register almost any asset, and then transfer it to others on a decentralized network. Tokenization is a huge deal, certainly, but there are many players vying to become the number one platform in this niche. For the latest cryptocurrency news, join our Telegram! To compensate for this, Ravencoin has a max supply of 21 billion RVN, as opposed to Bitcoin 21 million BTC. The single most important difference between Ravencoin and Bitcoin is the former’s choice of mining algorithm. You can see how useful this would be for the end user. The home-stretch for the UNIFI DeFi Lending Platform, Automated Cryptocurrency Trading for Beginners, Splinterlands' Land Presale Goes Live on November 7th. but now you need entire mining farms to make even the smallest profits from mining. In addition, they are fairly distributed and did not hold any type of initial coin offering fundraiser. Cypherpunk philosophy. The blockchain industry is still very young, so there is time yet for projects to try new things, test their ideas, and refine them for large-scale commercial use. This brought RVN to the attention of the new investors, who started buying the coin. The coin’s total supply is pretty massive, however, which is why it is unlikely that its price will ever grow to the same size as Bitcoin’s. The idea is to tokenize financial and real assets, which will allow a guarantee of ownership, as well as easier sharing of real-world assets. Meanwhile, Ravencoin’s platform allows various businesses to launch their own security tokens, with a built-in ability to pay dividends via RVN. The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity. For those of you that don’t know, tokenization is rapidly growing niche in the market that has enormous potential. The project is a P2P blockchain, designed for asset transferring between different parties. This includes RVN as well, which has, once again, dropped below $0.06. 12 hours ago How can Ethereum casino improve the online gambling industry? It mostly fluctuated between $0.010 and $0.015 ever since it dropped below this level in the early days of December 2018. Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service, Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry, 3 Reasons Why WISE Token Could Be a Massive Winner in 2021, Lotto Nation is Revolutionizing the Traditional Lottery Industry, Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors. This is obviously a good sign, and it means the marketing team is doing a great job here! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Register now at Publish0x to claim your $$$. However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. Still, there are plenty of cryptocurrencies in the market, and it’s hard to pick any token over the other, let alone one that is more or less trying to get a share of Bitcoin’s market. These projects take the best parts of the Bitcoin protocol while changing other parts that best suit their purpose. Assets can be issued in multiples or even as unique items such as works of art where only one will exist. The RVN token has proven to be a good investment for early investors, who would have made a decent profit had they sold the token at the all-time of roughly $0.080. This makes RVN an interesting throwback to a time when you could actually mine your cryptocurrencies, and you weren't just expected to buy them from the project creators. Unfortunately, the recent events in the crypto world have affected the market strongly, and a lot of coins are currently seeing large declines in their prices. While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. Other important changes include the token issuance for rewards and the block time. Similarly, there are other projects which focus on the tokenization of art, real estate and securities. As a participant, DigitalBits governing body, the. No pre-mine. Since then, the price saw a minor decline which took it close to the new support level at $0.06, although it made several attempts to grow yet again. Is there something about Ravencoin that could make it an investment with strong potential for good returns? All cryptocurrency profit forecasts provided on the website are predicted based on the data obtained from the analysis algorithm and are published for informational purposes only. Cryptocurrency traders have spent the past several years searching far and wide for the next big winner. Being a part of the decentralized finance (DeFi) space, it is almost certainly set for growth, as DeFi has provably become a hotbed for investment in the past 24 months. Whether it’s a technical aspect like the consensus algorithm or tailoring the use of the network for a particular application, these networks are trying to find the most suitable way to go forward. The tokenization market will largely be attractive to people who are interested in other asset classes just as much as cryptocurrencies, and for that reason, it will need to become more well known. A list of supported Ravencoin assets. Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. The liquidity is pretty evenly spread, and investors can take their pick between several pairs such as Bitcoin, Litecoin, Nano, Neo and even the Chinese Yuan. However, the crypto market’s recovery had a strong impact on it, and RVN price started seeing a massive surge — one that took it from $0.010 to $0.034 in less than two weeks. Besides tokenization, the token is also seeing use in oracle services, governance and KYC compliance, among other things. Ravencoin is a project with a strong focus on tokenization, and tokenization is believed to be one of several future-proof investments that people can make today.