Trade RVN/USD

Ravencoin’s protocol includes a native asset layer that sits above its base layer coin (RVN). To create a new asset token, a user pays a fee in RVN, which is burned, reducing circulating supply, and names their asset using a unique identifier. The protocol enforces name uniqueness and records the asset creation on-chain. Once created, asset tokens can be transferred between Ravencoin addresses without any additional smart contract code, using the same simple transaction structure as RVN itself. Sub-assets and unique assets (similar to NFTs) can also be issued under parent asset namespaces.

KAWPOW is a memory-hard proof-of-work algorithm designed to require significant GPU memory bandwidth for efficient mining. ASICs, custom chips designed for specific algorithms, cannot be efficiently built for KAWPOW because the memory requirements make it impractical to achieve the same advantages ASICs provide on simpler algorithms like SHA-256. This keeps Ravencoin mineable by consumer-grade GPUs, distributing block rewards more broadly across a larger number of individual miners rather than concentrating them with a few large ASIC farms.

Ravencoin launched on January 3, 2018 with no ICO, no pre-mine, no developer allocation, and no venture capital backing. All RVN tokens are distributed through mining, with block rewards going entirely to miners who secure the network. This launch model, mirroring Bitcoin’s original fair launch, was a deliberate design decision to avoid the conflicts of interest that arise when founders or early investors hold large pre-mined token allocations. The maximum supply is capped at 21 billion RVN.

No. RVN/USD on StoicFX is a Contract for Difference. You trade RVN’s price against the US dollar without holding any tokens. To create asset tokens on the Ravencoin network, mine RVN, or transfer Ravencoin-based assets, you would need actual RVN tokens in a Ravencoin-compatible wallet.