Dr. K's Crypto-Corner
by Dr. Chris Kacher
Riding the Revolutionary Rocket with Cryptotechnologies... Entirely Evolutionary™The last report published March 1, 2019 mentioned the following names with prices at that time and current price as of this writing:
ICO price 3-1-19 / price 3-19-19
Maker (MKR) $685 / $708
Enjin (ENJ) $0.079 / $0.190
Theta (THETA) $0.148 / $0.133
Binance (BNB) $11.52 / $16.04
A new coin has hit the radar:
Ravencoin (RVN) Price: $$0.0361
RVN is being built to serve as a platform that will transform the future of asset/security tokenization. Patrick Byrne (Overstock.com CEO) has spent over $110 million getting all the regulatory clearance to make asset tokenization possible and RVN is one of his baby projects that he has supported from the start. RVN is a fork of Bitcoin and, unlike Bitcoin, it doesn't want to be a currency. It further does not want to be another Ethereum by being the "digital oil" for everything.
RVN has a laser focus strategy on building the right platform for asset / security / stock tokenization. One of the notable features of RVN is dividend payouts and the ability to 'message' coin/share holders. This is currently not possible with Ethereum. Also, creating any asset class on RVN will lead to a burn of 500 RVN coins from the network. This serves as a built in mechanism to help increase the value of RVN as its network effect grows while preventing spam.
Within the RVN chain, one can include pictures / links / contracts / data as IPFS. Additionally RVN is ASIC-resistant meaning there is an in-built fair mechanism of POW for all types of miners. RVN could be said to be a fairly launched, Bitcoin-based alternative to Ethereum as a token platform. But RVN is made specifically for those tokens, tokenized assets, and security tokens rather than acting as a decentralized computer for applications.
RVN is being incubated by renowned group Medici, however, it is actually a decentralized platform with no “owner”, therefore it can be safely used without requiring trust. One only need trust code (the cypherpunk manifesto). This is of course because RVN was a fair launch, no ICO, no premine, no developer set aside, community driven, ASIC-resistant, and as such is set up to be a premier worldwide platform for asset tokenization. RVN was developed by industry leaders for the specific function as a token issuance and management platform, no clunky design or complicated smart contracts needed.
Caveat: Coins tend to follow the direction of bitcoin. While bitcoin trades quietly, the top coins have moved higher. If/when bitcoin retests lows as it remains overvalued, other coins will likely get pulled down with it. These coins are highly volatile thus position size accordingly in any of these names.
(͡:B ͜ʖ ͡:B)