A Brief Overview Of: NAV Coin
What is NAV Coin?
NAV coin is a cryptocurrency that was created in 2014 by Craig MacGregor that is based upon bitcoin core but has some key differences, for example its adoption of Proof of Stake and additional privacy capabilities. It is currently ranked 128th on coinmarketcap.com and has a market-cap of $118,000,000.
Their ideology is simple, NAV was created to make online payments easy to do, at a low cost, and ensuring your privacy is protected throughout the process. One of the key things about the NAV project that’s been highlighted to me is its relative ease of use. This is paramount to the mainstream adoption of a coin and certainly makes it stand out from the crowd, particularly with its relatively low market cap. The NavPay application is a prime example of this, although lacking a staking facility, it provides an easy to use wallet for transactions that even a non-crypto expert could use with ease.
Significant steps on the roadmap would include the implementation of Valence, the lighting network and NavMorph. Valence aims to provide an anonymous decentralized application based platform for users to build on, without the extreme levels of programming knowledge that is required on other platforms such as NEO and Ethereum. NavMorph is a project that aims to fuse private payment technology with instant exchange, enabling users of NAV coin to send and pay for transactions with any featured cryptocurrency, privately.
What are the benefits of using NAV Coin?
- NavTech dual-blockchain technology ensures privacy
- Valence could see integration of anonymous decentralized applications
- Ease of use and attractive UI
- NavMorph allows for payments in any crypto with ease
- Solid development team since 2014
What are the disadvantages of using NAV Coin?
- Low market cap, therefore inherently more risky as an investment
- Marketing could be improved to help with adoption
- Less private than a coin like Monero
Should you invest in NAV Coin?
In my opinion, NAV Coin would be a great investment and I would expect a high ROI in the coming months. Several key projects on the roadmap are upcoming and I expect these changes, if successfully implemented, will boost the price significantly.
I am also fond of the team behind the development of the project. There is a 5% staking on all NAV coins, in which 1% will go to a community development fund that will pay for projects such as new developers, marketing campaigns and more. This is a fair strategy and decisions are made based upon the proposals being accepted or rejected by the NAV network.
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DISCLAIMER: This is NOT financial advice. The cryptocurrency market is volatile and you are at risk of losing your money. Only invest what you can afford to lose.
Donations:
BTC Address - 1JQGxuVLQf1hAz6i2dpitvGNvkTSKD8xAC
LTC Address - LdHvzzi5ZhZZr9Ce5gek9rgmJXbk78tQD7
ETC Address - 0xae041220e640Ca52BCa8644B178682fC12705cBA
NAV Address - NgQtdkT6kQaYNqEMrhc9ainga3eRv9xzXR