Ravencoin (RVN)

Asset Tokenization

Ravencoin lets users create and transfer tokens that represent real-world assets like real estate, gold, stocks, and digital art. This makes it easier to prove ownership and trade these assets on a secure blockchain.

Securities and Digital Shares

It allows companies or individuals to issue digital shares or securities without the usual middlemen or complex paperwork, helping raise capital more simply and transparently.

Collectibles and NFTs

Ravencoin supports creating unique digital items such as collectibles and NFTs, which can be bought, sold, or traded on its blockchain.

Supply Chain and Product Tracking

Businesses can use Ravencoin to track products and verify their authenticity through tokenized records on the blockchain.

Decentralized Applications

Developers can build apps that use Ravencoin’s blockchain for secure asset management and transfer.

Ravencoin is designed specifically to handle asset transfer efficiently, making it useful for many industries that need clear, trustworthy ownership records.

Pros

• Decentralized and fairly distributed with no pre-mine or ICO, promoting fairness.
• Strong use case in asset tokenization, allowing users to create and transfer digital assets like stocks, gold, or virtual goods.
• ASIC-resistant mining algorithm (x16r) that helps keep mining decentralized by favoring GPU miners.
• Faster block time (1 minute) compared to Bitcoin, enabling quicker transactions.
• Capped supply of 21 billion RVN, which helps control inflation.
• Active development and a strong community supporting the project.

Cons

• Limited smart contract functionality compared to other blockchains, with plans for second-layer solutions still in progress.
• Lack of privacy features, meaning all transactions are public on the blockchain.
• Concerns about token dilution due to ongoing mining and inflation rate.
• Stability concerns for corporate or financial use because of potential chain splits or hard forks.
• Currently undervalued in market capitalization, which might affect adoption speed.

Founders of Ravencoin

• Bruce Fenton: A businessman and early blockchain advocate who helped launch Ravencoin.
• Tron Black: A developer and entrepreneur who served as the principal software developer and president of the Ravencoin Foundation.
• Joel Weight: A software developer and former CTO at Medici Ventures, involved in the technical development of Ravencoin.

Some sources also mention Ivan Jolicic as a founder, but the main widely recognized founders are Bruce Fenton, Tron Black, and Joel Weight.

Institutional Investors

Ravencoin has a total of 2 institutional investors according to recent funding data.

Community and Individual Investors

Ravencoin is an open-source project with no ICO or pre-mine, meaning it was launched without early private investors. Many individual investors and miners support the network by buying and holding RVN tokens.

Public Market Investors

Since Ravencoin is traded on various exchanges, a wide range of public investors, including retail traders and crypto funds, participate in its market.

For more details, you can visit Ravencoin's official profiles on platforms like Crunchbase or Tracxn.

Halal Status of Ravencoin

Yes, Ravencoin is considered halal. It operates on a Proof of Work system without involving interest (riba), excessive uncertainty (gharar), or gambling (maisir), which aligns with Shariah principles. This makes it permissible for Muslims to invest, trade, and stake Ravencoin.