Ravencoin (RVN) Prepares for Mainnet Launch on Halloween

[Mercury]

Ravencoin (RVN) is just hours away from the launch of its mainnet, offering a novel tokenization platform. Unlike older platforms such as Ethereum, NEO, and QTUM, Ravencoin is a network that facilitates the issuance of security tokens, which is seen as the next big trend in the crypto space.

Ravencoin is a protocol designed to help users issue tokens. Including securities.

Ravencoin is not a “securities token platform”.

The distinction is key. Ravencoin software does not recognize what a security is.

This is best done by issuers and second layer service providers.

— Ravencoin (@Ravencoin) October 28, 2018

Ravencoin focuses on carrying reliable, cryptographically protected information about the ownership of tokens. The network specializes in recording and time-stamping asset transfers in a way that cannot be altered.

RVN is now in a very active trading stage after getting listed on Binance about a week ago. The price is currently on a downward trend, ceding the previous fast gains. A day ahead of the mainnet launch, RVN fell from around $0.048 to $0.045.

The Ravencoin ecosystem itself will not work toward establishing the exact status of security tokens or their legality, serving merely as a carrier of the tokens. The new mainnet, with asset-aware software, will activate as soon as enough blocks are mined with the new rules. The launch is expected at some point on October 31.

RVN has existed as a minable coin, and the mainnet launch is done through a hard fork and a change in the software. Mined since the start of 2018, RVN is a modified fork of the Bitcoin protocol. It has a supply of 21 billion coins, and some see it as an undervalued asset given its potential to carry security tokens.

More than 45% of RVN trading is concentrated on Binance in a BTC pairing, meaning the asset could be affected by bot campaigns or pumps. RVN is also highly dependent on the market price of Bitcoin (BTC) for its dollar valuation.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.

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