What is Ravencoin?

Ravencoin (RVN) is a fork of Bitcoin standing as the 73rd largest coin by marketcap at $79,711,625 and a coin price of $0.03/coin. It is a cryptocurrency with a unique value proposition that allows users to create their own tokens from the 21 billion available Ravencoins. Ravencoin has been in existence since January 8th, 2018, and has shown its merit already. In essence, Ravencoin can enable users to create their own tokens similar to Ethereum ERC20 tokens that they can back with actual assets and monetize.

The most troubling aspect of Ravencoin is its large supply of 21 billion tokens. This problem is being addressed through coin burn, which is required whenever a new token is created. In essence, Ravencoin is a commerce coin that users must collateralize to make a profit. Coin burn is an effective strategy similar to stock buybacks and is utilized by Binance for their Binance Coin (BNB) and Kucoin’s Kucoin Shares (KCS). An interesting take on this supply is that all people on Earth could control several coins in the future.

An example of the use case for Ravencoin is the creation of coins on the ecosystem that represent assets that will appreciate over time and to pay token owners in cryptocurrency dividends. Real estate, for example could be purchased or leased and each of the new tokens could be a coin with limited supply for example:

1. I purchase 5 single family homes (SFH) and create “House” tokens with a maximum supply of 100,000 and rent the houses out to tenants who pay more in rent than the mortgage will cost me out of pocket.

2. I sell the tokens to shareholders and pay them in dividends of a chosen cryptocurrency for 30-years, while the houses are paid off by the tenants who rent them.

3. When the houses are paid off, the value of each coin is low enough to buy back or burn for a value of cryptocurrency.

The ability to tokenize assets will make Ravencoin a solid choice with a real use case. Ravencoin’s value proposition will promote cryptocurrency for those on the sidelines.

Sources:

https://www.investinblockchain.com/what-is-ravencoin-rvn/

https://coinmarketcap.com/currencies/ravencoin/

https://captainaltcoin.com/crypto-market-is-beaten-to-hell-and-back-but-ravencoin-rvn-reminiscences-of-the-old-days/

https://captainaltcoin.com/crypto-market-is-beaten-to-hell-and-back-but-ravencoin-rvn-reminiscences-of-the-old-days/

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