NAV Coin Analysis ($NAV)

in nav •  4 months ago
The following is not financial advice.

Welcome to back The Scoop!

This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin and evaluating instead of predicting.

What is NAV Coin?

NAV is a privacy-focused coin built from Bitcoin core. To be clear, it actually stands for two key principles: privacy and usability. Fast, low cost transactions and a staking reward for helping secure the network. Active dev team and weekly updates are pushing this coin into more and more conversations.

More details:
https://navcoin.org/faq/

Quick Technicals

Algo: X13 / PoS
Block time: 30 seconds
Block reward: 5% per year staking (4% for user, 1% for community fund)

Bitcointalk thread:
https://bitcointalk.org/index.php?topic=679791.0

Where's the wallet?

https://navcoin.org/downloads/

Along with the whitepaper:
https://www.navcoin.org/files/navtech-whitepaper-beta-v0.9.pdf

How many of them are they?

CMC says ~62m circulating supply.

Who's the team?

Full of engineers and developers, as well as directors for marketing, creative and digital strategist, as well as an ops manager.

Roadmap:
https://navcoin.org/project-roadmap/

Marketcap and Competitors?

~239m with ~8m volume when last checked today.

Similar projects or target industry...

  • Monero -> ~6b
  • Zcash -> ~2b
  • PIVX -> ~668m
  • ZCoin -> ~400m

How is NAV different?

As they describe it: simple but powerful, rapid block speed that is ideal for retail and e-commerce, staking and optional private payments.

Pros

  • privacy coins are appealing
  • mobile product
  • community / frequent communication
  • upcoming projects and roadmap

Cons

  • lack of marketing
  • competition

Any constructive criticism?

Staking rewards have went from 20% (2015) to 10% (2016) to 5% (2017), which is great for really early adopters but much less great for folks who got in this past year. As we've been told, it actually 4% for users and 1% for the community fund now. This could be changed to better incentivize folks who are just getting in.

Where is it traded?

It's traded across the board. For an older, non-ICO coin to get added to Binance, that's a sign that it's a solid project and brings a lot more volume in.

https://coinmarketcap.com/currencies/nav-coin/#markets

The Final

Based on the FA, NAV looks like a low to medium risk with high reward potential if they continue to deliver products and catch on. Picking it up under 22k sats would be bargain or around $4 - $5 would be an upper entry while still expecting solid, crypto-style gains.

And that's your scoop!

Nobody is perfect. See anything I didn't quite get right, or needs correction? Please let me know!
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One more time in case you didn't see the first two: this is NOT financial advice! Also, The Scoop authors may hold coins discussed here which may creates some bias, but we try to be fair.
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It's actually now 4% staking for the user and 1% for a community fund. I'm a big fan of NAV, got several thousand staking well for a few months now.

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Thanks for letting us know! Corrected.

Thanks for the info! Great Post!

Thank you :) Nav is a really cool and undervalued coin i thinkit will do great this year :O