Is this the coin we have been waiting for?
Deep down, most of us know that the majority of alts over the next few years are going to disappear faster than a rat down a drainpipe. This to me is no different to the tech boom, where the best companies survived and thrived; the ones with no real use case died.
The most successful tokens, will be those that have a laser like focus. No fluff. ‘Proven’ teams. And a concept that can go mainstream. Add in a few more layers such as a grass root organic growth (no need for scammy ICO’s), and a mining system that avoids cartels. And lots of financial backing.
The days of 10x - 100x opportunities will be scarce compared to the orgasmic lunge periods of the past but they will still exist. You will however need to do extensive research, invest tonnes of time and have a really clear plan. The tokens that have optimum opportunity to move exponentially, are not the high market cap ones but those languishing in the darkness in the cellar of Coinmaketcap.com
I have invested serious time researching a particular token that I believe ticks the boxes above. In summary, I have pulled some quality information from numerous savvy sources and attempted to weave them into something that makes sense to the average Joe like me.
Firstly, the obligatory disclosure: I decided to take my own advice and invested in this token. This is not financial advice. Now that’s out of the way, let’s get to the tofu in the sandwich.
The coin is RVN- RavenCoin. A relatively unknown coin but once you start digging… you will begin to join the dots.
Firstly, this coin has the backing of the uber successful Patrick Byrne of Overstock.com fame. One of the guys who helped put BTC on the map when he was the first major player to accept BTC as payment on his billion dollar platform.
Patrick via Overstock.com has pumped millions of dollars into RavenCoin. He sees it as a token that solves a problem. Tokenising securities.
Patrick says: “It’s Bitcoin, but a thousand times more energy efficient”. Dig deeper here: https://www.businessinsider.com/bitcoin-pioneer-overstock-ceo-explains-long-standing-crypto-play-ravencoin-2018-2
Ravencoin was designed, so you don’t need expensive mining equipment and thus make it available for almost anyone to mine. Yes, you can mine RVN on your personal computer as it's ASIC resistant. Anyone can download this software, and you don't have an advantage by having this big mining warehouse in China. This alone may explain why Ravencoin has spread the fastest out of any new coin mined.
Unique characteristics of Ravencoin
- ASIC free – Uses an X16R hashing algorithm
- No Premine – Genesis Block launched, opening mining started
- Fair Launch – meaning, on day one, you like everyone else could have started
- No rush to link up with an exchange
- Individuals ask about price and do price checks, developers agnostic
Ravencoin has an extremely experienced team behind it and work constantly on the project. Many Bitcoin developers behind it that have more experience than anyone when it comes to the blockchain. Tron Black for example is a living legend in the crypto space and those who know the projects he has worked on, will know that if he invests his time behind something…there’s a reason.
The concept is extremely simple - Tokenize/ digitalize the world’s assets - that means pretty much anything in the physical world (art, securities, property, etc.) and being able to monetize digital assets. Think: gaming, eSports, and growing tech such as: VR, AR, IoT etc.
“Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community”. Ravencoin.org
An interview with the co-authors of the white paper, Tron Black and Bruce Fenton:
With Ravencoin we have a relative new project with real high dollar use cases already lined up; if the code works when main net is launched on October 31st, 2018, then most people think it is a top 5 project within 3 years. Barring any unforeseen issues, technically this is the best token issuance and management platform. Most experts concur that the security token market will dwarf the crypto market.
It’s important to remember that RVN will have tokenization as a native function - not just an added layer like ETH. In my humble opinion this will help propel RVN over ETH with this native feature.
To go deep on the use case concept, please read RavenCoins focussed white paper https://ravencoin.org/whitepaper/
“As this young network grows the value of Raven should increase. Over time the circulating coin count will also increase, and as such inflation will decrease as the effect will be diluted. This can be observed when many coins hit an equilibrium and 10x their value over a given ~1 year timeframe as the hash hits ATHs and the new supply is proportionally smaller than the existing supply.
The explorer for this coin outlines the connections number. http://explorer.threeeyed.info/network This is useful as an approximation of network growth rate. If nothing else were to change, by the time this coin starts to mature the value will skyrocket”. u/name_elsewhere
A number of savvy cryptoprenuers such as Revv Nissan have jumped on board the Ravencoin cause. Revv stated that Ravencoin reminds him of the earliest BTC days. You can check out Revv’s FB page for more info.
BTC and all of the forkers now realize that ravencoin is what BTC was meant to be. Over a year was dedicated to development above and beyond the base code. The base code was used for stability and to grow community. Check out discord to gain an idea of just how serious the community is. A sleeping giant in the woods.
I firmly believe that Ravencoin will be the asset platform of choice for this space. Within a year, Gemini, and tZero will be utilizing the chain for the security token space. A rather large space of….1.7 quadrillion dollars or more annually.
Now for a coin with a current market cap of 41 million https://coinmarketcap.com/currencies/ravencoin/ and a price of just over 2cents, there is potential to Jupiter! Not often you get such a relative low cap token with such serious players behind it and a simple use case.
On that note I will take flight and leave you with this beautiful poem about the Raven.
Love and light,
"The blood of the Raven flows through my veins. As I fly through the air, I look down to the other creatures forever chained to the earth. I am the Raven, the blood that flows through my veins is freedom."
-Sanguis de libera