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Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Over 16,000 Assets Creation Attempt Made On Revencoin (RVN) 90 Days After Layer Launch

Ravencoin Rvn 1

Altcoins

Over 16,000 Assets Creation Attempt Made On Revencoin (RVN) 90 Days After Layer Launch

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Together with the over 7000 assets created on Ravencoin (RVN) network at the launch of the Mainnet asset layer in November 2018, the foundation behind the blockchain technology has today revealed that 90 days after the launch of the asset layer, assets creation on the network has been attempted by users in more than 16,000 occasions.

The update further stated that the assets includes memes, game tokens, digital security and more.

Ravencoin (RVN), in another update stated that for the creation of every token, 500 RVN would be burnt.

While about 8.4 million RVN were burnt on the network during the creation attempt, Ravencoin will apparently become scares in the market and this would likely result in value rise for the altcoin.

The foundation added that RVN assets are mined through the Proof of Work (POW) system, and each creation means a real economic expenditure.

Two days before, the CEO of SaluCorp who is an avid supporter of blockchain and Ravencoin (RVN) in a tweet disclosed that the first Ravecoin asset created on mobile wallet is live and will soon be released to the public.

In response, the altcoin’s community received the update with great warmth.

Assets Creation, A Boost For Ravencoin (RVN)

The assets layer creation has been viewed by observers as a stepping stone for the altcoin in the crypto space.

Attesting to the fact that the burning increases the value of the altcoin, Ravecoin (RVN), in November 2018 when the asset layer was launched with the creation of over 7000 assets, witnessed value rise which increased its rank in the market.

Similarly, Ravencoin (RVN) was rated by Coinranking amongst the top 5 gainers in the 24 hours market at this period.

Although the market is still slightly bearish, but lovers of the altcoin are expecting growth from the cryptographic project in coming days.

Freddie is a professional journalist and feature writer. He participates on various movements that enable communities to initiate more in-depth understanding on essential topics. His views differentiates the effects on society's day to day life. He is now a full-time contributor to TODAY'S GAZETTE.

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