Blockchain Investor Analysis

Ravencoin

RVN
Current Price $0.03 (+2.44%)
Ravencoin is a blockchain network dedicated to the creation and transfer of digital assets. The RVN token is used to represent assts on the blockchain and to pay for network fees.

Our Rating:

Market

Problem that it solves

Ravencoin is a fork of Bitcoin that allows the creation and transfer of assets on the blockchain. Additionally, it improves on the block times, mining rewards, and coin supply of Bitcoin while adding also being ASIC-resistant to prevent miner centralization.

Customers

The Ravencoin project focuses solely on tokenized assets. Users can create fungible or non-fungible digital assets using the RVN token, meaning anything ranging from stocks to a mortgage titles could be transfered using RVN. The customers for this type of product will be limited to say the least.

Value creation

The thought of transfering digitized assets would have seemed unimaginable 20 years ago, but projects like Ravencoin are paving the way for decentralized marketplaces. Having said that, RVN creates value in such a niche way that it's almost difficult to find scenarios where it would significantly impact business operations.

Market structure

To say the market for Ravencoin is emerging would be a gross understatement. The concept of first digitizing an asset and then sending it via blockchain would be foreign to the average consumer.

Market size

The market for Ravencoin is small and growing slowly as the digitization of assets is very new concept.

Regulatory risks

Ravencoin is likely to encounter the same, if not less, attention from regulatory bodies as any other digital asset.

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Competitive Advantage

Technology/blockchain platform

Ravencoin is a fork of Bitcoin and thus operates on the Bitcoin blockchain.

Lead time advantage

Ravencoin was launched in January 2018 during the height of the altcoin market boom. There are a number of blockchain networks that focus on the transfer of assets, hence they have little to no lead time advantage.

Contacts and networks

Ravencoin has no 'company' team at the helm of the project. A group of volunteer developers maintain the network, but do not expect a list of significant partnerships and collaborations from Ravencoin.

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Management Team

Entrepreneurial Team

Ravencoin (RVN) is fuelled by a network of volunteers, miners, blockchain developers, and builders. Unlike most blockchain projects, Ravencoin does not have a payroll, headquarter, budget or official meetings.

Industry/technical experience

None of the Ravencoin's core members are in the spotlight, which makes it difficult to tell whether they have experience in the field or not. Having said that, maintaining a project forked from Bitcoin must require a certain degree of experience and expertise.

Integrity

Ravencoin's team is anonymous and this lack of transparency should be a concern for investor.

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Token Mechanics

Token required

The transfer of any asset requires a fee paid in RVN, and each asset is backed by a set amount of RVN tokens. Additionally, RVN holders can exchange the tokens for VOTE, which allows users to cast votes on proposed changes to the platform.

Value added

The RVN token fulfills the same roles as most utility tokens.

Decentralized

The ASIC-resitant feature of Ravencoin's mining algorithm makes it more decentralized than many of its ASIC-mineable counterparts.

Token supply

The total supply of Ravencoin is 21,000,000,000 RVN.

Public exchange

RVN can be traded on several exchanges, including Binance, Bittrex, and Upbit.

MVP

The Ravencoin blockchain has been live since January 2018.

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User Adoption

Technical difficulty

Ravencoin is a fork of Bitcoin but adds several new features, which make it more complex for beginners to understand.

Halo Effect

Ravencoin does not have any associations with notable brands that would provide it with a halo effect.

Buzz

At-home miners love Ravencoin because you can mine RVN with a GPU. Outside of the mining community, there is little to no buzz surrounding Ravencoin.

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Overall Score

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Blockchain Investor Analysis

Ravencoin does not stand out as a blockchain venture and having an anonymous team does not exactly breed confidence among investors looking for digital assets to put into their portfolio. RVN has found a place in the GPU mining community thanks to its ASIC-resistant mining algorithm. Beyond that, the project does not seem to have much going for it.

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