Raiblocks (XRB) rebranding to Nano soars price by 40%
Nano: A re-branding of Raiblocks (XRB)
What is Nano (XRB)?
RaiBlocks is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting.
The rationale behind the re-branding
The team has decided to rebrand its ‘block lattice’-based crypto token, Raiblocks, to Nano. The core team explained the reasoning behind this rebranding:
"In November, the team gathered to discuss the future of Raiblocks and
develop plans to further the project’s growth. One topic discussed was
the name itself (“Is it, ray or rye?,” “Ditch the Blocks!,” “Just call
it Rai!”). Feedback from the community suggested that improvements
could be made to better resonate with the public and a mainstream
audience. Because of this, our team made the decision to rebrand."
The company went on to explain the rationale behind the new name and logo:
"The Core Team wanted a name that represented the simplicity and speed
of the project, and Nano does just that. The new logo uses several
nodes, playing on the block-lattice design of the network, that
connect to form an “N.” All social media accounts will be updated to
reflect the name and logo changes. The new website is nano.org.”
Impact on XRB's price
While most altcoins have posted some gains, this morning XRB is up over 40% on the day. It started last week at just under $14 and is currently trading at $18.60, an increase of around 34% on the week. The price had dipped below $14 due to the Bitgrail exchange withdrawal issues which were resolved.
Market capitalization is $2.4 billion, and the altcoin is ranked at 21 in the market cap chart rankings. The bulk of the trade volume is again in South Korea on the Kucoin exchange.
Future listing on other exchanges, such as Binance, could see Nano grow even further
A comparison of Nano to it's competitors
Key catalysts
Launch of rai.exchange/Nanex
Future coin listing on Binance.
1st Feb - Upcoin Exchange Lists XRB
8th Feb - Raiblocks Creator Q&A
Want to learn more about Nano (XRB) and similar cryptocurrencies? Stay tuned and subscribe to Cryptovate Investments…
Resources
Official website
Nano.org
XRB Reddit
Rebranding announcement
XRB CoinMarketCap
Twitter
Disclaimer: Research publications are furnished by independent authors on the Cryptovate team. You are not obtaining any advice from Cryptovate Investments. You should always consult with your advisers before making any investment decisions and should you have any questions as to the laws that govern our cryptocurrency research, you should consult with your legal or investment advisers.
Thank you for the concise and well-written article @cryptovate - I believe that the Nano rebranding is perhaps the best possible thing that could happen to Raiblocks - look, the price is rising already!
Anyways, I wrote a similar article documenting the rebranding, feel free to check it out and leave an upvote! Thank you!
https://steemit.com/raiblocks/@stevensteel/raiblocks-is-now-nano
Thanks for that @stevensteel. I have just followed you and upvoted the article.
Maybe we can continue working through this cryptocurrency journey together.
Of course! I followed you too - would love if we could connect on Steemit and support each other on this journey!
ill connect and support you with upvotes
Awesome! I followed you as well @nmf-ii let's support each other on Steemit!
Thanks a lot @nmf-ii .
Have followed you back. Keen to see new content.
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