What is Ravencoin? (alert: this is not a hype-post)
Ladies and Gentlemen,
it is nice to you becoming a part of this community!
So I decided to reveal a few things about recent research:
Ravencoin is a business-tool that utilizes tokenization of assets – but what does this mean?
Here are a few examples:
CEO burns 500 Ravencoin (RVN) to create an asset (e.g.WISDOM_OF_RAVEN_GENERAL) with a quantity of xyz tokens to deploy them as crowd-funding items and they must not be replicated. If a replica is to be found, the original can be retrieved from the RVN asset explorer to invoke a case against fraudulent actions for example.
CEO sends each trustee one token to legitimate their position as trustee => truthful statement about who owns what (e.g. a right). That trustee is allowed to receive donations now.
If a non-legitimate entity is to be caught in receiving donations, a case against fraudulent actions can be invoken.
- If the CEO commits fraudulent actions by burning „WISDOM_OF_RAVEN_GENERAL“ then this action can be tracked in the asset explorer as well. The CEO won‘t get away with all the funds,
In case his trustees decide to burn the asset then they will be subject to fraudulent actions.
And this is definitely not everything.
So here is my advice: if you want RVN to moon, think of unique ways to market RVN which will help it to become famous while the devs are working on code to unfold RVN's true potential.
Every minute of hodling and doing nothing is wasted time and that won't do anyone any good.
If we work together as one , everything will be possible.