Seven years now.
Ravencoin never raised a dollar. Never had a premine, developer reward, set aside or any incentive whatsoever to the devs or anyone else. Very cypherpunk. No central control.
Originated the term “real world assets” - specifically designed for securities tokens and other tokens such as collectibles. Ahead of it’s time.
Built off a Bitcoin code fork.
Digital assets are a good idea and are obviously here to stay. These assets will either be on Bitcoin or on specialized chains. I think Bitcoin is better focused on being money and has been slow in the digital assets space.
Ravencoin now has many years of demonstrating a strong network.
Weaknesses are that it is not tied in to other popular ecosystems, it doesn’t have the marketing and dev budget that pre-mined coins have and the asset names can be squatted or taken since there is no central control.
But even after all these years it remains one of the most secure, elegant means of creating tokens.
You can download the wallet and instantly create any sort of token you wish. No permission needed and no one can stop you.
As the industry has moved more towards trad fi rails, centralization and away from decentralization and cypherpunk values it seems there should be a place for a truly decentralized and open source protocol.
The only really valid criticism is if you just don’t believe tokens make sense. The trillion dollar stable coin and incoming trillion dollar securities token market show that there is a need for tokens. So how do you issue them?
20.06K
193
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.

