Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

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7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

Advanced

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Bybit X FXStreet Report: Gold could reach US$4,000 per ounce by 2025

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Blockchain

Ravencoin is a P2P blockchain network optimized for asset transfers from one token holder to another. Find out more about how it works in this article.

 designed to do one thing extremely well: Serve as an alternative to 

 and other token-capable chains by facilitating the efficient issuance of tokens for asset transfer. RVN tokens issued by Ravencoin can represent real world assets or 

 — and be used for almost any purpose. 

 in a number of ways, but its proprietary mining algorithm, block rewards, total supply and several other characteristics are optimized for efficient token transfer and greater decentralization.

For its part, Ravencoin isn’t on a quest to reinvent the wheel. After all, there are already plenty of token standards for the Ethereum blockchain, such as 

, ERC-223 and ERC-721, just to name a few. However, according to the Ravencoin team, there’s currently a lack of specialization in regard to the transfer and exchange of assets.

Arguably the most pronounced problem identified by the folks at Ravencoin is the need for a base currency, such as ETH, to cover transaction costs. If a network’s fees are high, asset transfer unnecessarily involves added steps, hassles and costs. Ravencoin strives to create a network specifically optimized to seamlessly transfer all digital assets and real world goods.

 coding infrastructure based on a Bitcoin fork, the project provides token issuers with an alternative to Ethereum and other smart-contract–focused blockchains. Beyond this, Ravencoin points to its security model and decentralization-friendly consensus mechanism as primary highlights and advantages over other crypto platforms.

The Ravencoin project was first introduced on the blogging platform 

 in November 2017. In the initial post, the team behind the new digital currency project drew a connection to the popular 

 TV show. Shortly after, Ravencoin was born.

 and created via a fork in the Bitcoin code, Ravencoin launched just two months later, in early January 2018. Its launch date, not so coincidentally, just happened to be on the ninth anniversary of Bitcoin’s launch in 2009.

Built as an open-source project and decentralized development community in the spirit of 

 (ICO). They also didn’t pre-mine, have a pre-sale or implement any master nodes.

Instead, similar to Bitcoin’s launch, the Ravencoin team kept its token supply completely democratized, without setting aside any tokens for investors via private or public token sale. In fact, in an effort to provide more equitable and democratic access, no RVN tokens were allocated for the developers, 

), or any other early project participants. The crypto protocol is completely open-source, so virtually anyone can contribute to its code.

The Ravencoin blockchain was developed to simplify the transfer of unique assets from one person to another. While transferring digital assets via the Bitcoin blockchain can be done, Bitcoin’s existing nodes are unaware of embedded assets in the code. This also means Bitcoin must be involved with every asset transaction.

Ethereum also allows asset transfers. However, with Ethereum, there’s no way to differentiate between assets with the same unique name.

With Ravencoin, you won’t run into these problems. Not only can you exchange assets without the need for Bitcoin or another base currency, but you can benefit from a Bitcoin-like platform that project developers describe as being “fully asset aware.”

While the code for the Ravencoin blockchain was copied from that of Bitcoin, its proprietary network and asset are unique, with their own unique protocol rules. Several other parameters and details were modified in order to incentivize communication between network users, and the issuing of RVN tokens.

To ensure its network remains in sync, Ravencoin utilizes KAWPOW, a variation of the popularly used PoW consensus mechanism. In an effort to make mining Ravencoin tokens on its network easier, secure the network, validate transfers, and mint and distribute RVN, KAWPOW is used by each of the networked computers running Ravencoin software.

We’ll discuss KAWPOW further in just a minute. For now, however, just know that since Ravencoin tokens (RVN) are needed to create new assets, they play a vital role in operating and maintaining the Ravencoin network.

To create new crypto assets, token issuers must provide their token with a unique name, and 

 a specific amount of RVN. Upon creation, special token characteristics — such as the number of tokens issued and its fungibility — can also be defined.

Therefore, by burning and buying RVN, users are able to issue unique custom tokens with specific features and predefined monetary policies. Token issuers can freely distribute RVN rewards (to token holders and miners) as a “thank you” for contributing to decentralization by beefing up the blockchain with new data.

Ravencoin’s mission is to help facilitate decentralization through greater specialization in asset exchange. To this end, it employs a number of unique features that differentiate it from other digital assets and asset transfer platforms primarily driven by 

Similar to Bitcoin’s PoW consensus mechanism, KAWPOW is used by networked computers running Ravencoin software to secure and sync the network, validate transactions and facilitate the distribution of newly minted RVN.

 that improve Ravencoin’s distribution mechanism. Most importantly, however, the algorithm lowers the barrier of entry for those interested in mining on the Ravencoin network.

By resisting the use of application-specific integrated circuits (ASICs) and facilitating the use of consumer-grade 

 the network’s token, virtually anyone is invited to mine — with no need for both expansive and expensive hardware.

In promoting decentralization, KAWPOW even takes things a step further by leaving network validation in the hands of the community, rather than a select group. In doing so, the network’s protocol is more impartial and unbiased than those of smart contracts and other blockchain networks.

Ravencoin set out to establish a crypto solution similar to Bitcoin, but one that was fully asset-aware. This led to the development of its 

This asset-aware system provides users with three major advantages:

Only a system that is fully asset aware can seamlessly achieve these three things.

Ravencoin also facilitates the payment of rewards — and even dividends — in its native token. Whenever an issuer wants, RVN rewards can be issued to a single token holder or automatically divided and sent to asset holders.

For example, an overworked executive with a passion for tacos and the open road could create a token representing their new “taco truck” business. Let’s say they create 20,000 TACO tokens at $0.10 per token. Given this scenario, $2,000 could be raised to help fund the business. With a single command, the token issuer can send reward or dividend payments in RVN.

This is just one example of the flexibility — built into Ravencoin — which blockchains operating via smart contracts typically lack.

As noted, token issuers can distribute RVN to their token holders as a way of incentivizing certain actions, issuing dividends or rewarding community involvement. In addition to defining whom to reward, a token issuer can also give their token special characteristics which define its fungibility, the number of tokens issued, how many decimal places to fraction it to, and so on.

In other words, the first person to create and name the token is the owner of the project, and can define its unique characteristics, including its name.

To issue new tokens and create new digital assets, a predetermined amount of RVN must be burned, and a unique name must be given to each token. No two tokens can have the same name. Therefore, if a token is issued with the name “Stripe,” for example, no other token can be issued with the same name.

One problem common among tokens/digital assets is the lack of available communication between token issuers and token holders. In addition to its strong mining community, comprehensive distribution system and high level of asset security, Ravencoin also solves this ongoing communication problem.

Despite being a Bitcoin code fork, the Ravencoin network is optimized to provide messaging capabilities and voting features. This means asset issuers/token creators can message stake/token holders whenever it’s time to vote on proposals.

Game developers, activist organizations, nonprofits, corporations and virtually any other entities can issue tokens for certain users and message them directly. Unlike email and other messaging systems, the messaging is only enabled for token holders, which makes the token transferable.

As owners of transferable tokens, RVN token holders can assign their vote to other network users. They can also sell their stake of the token and community whenever they decide.

With today’s existing financial systems, communicating with shareholders — let alone holding a vote — is tremendously difficult. A Nasdaq-listed company, for example, would have to spend a fortune just acquiring the mailing addresses of all of its shareholders. When it does, information on voting procedures and a proxy voting form must be sent out via snail mail. It’s borderline ridiculous.

To say Ravencoin has simplified the process would be a gross understatement. With Ravencoin, RVN tokens are created and distributed to represent votes. These vote tokens can be assigned to individual holders. Then, these token holders can cast votes simply by sending tokens to certain addresses on Ravencoin’s network, after which the votes are tallied.

Financial systems function much better when physical or digital assets are fungible and able to trade in a fluid, frictionless manner. It’s often overlooked, but privacy is fundamental in achieving this functionality.

Like any quality project, Ravencoin seeks to strengthen token holder privacy as much as possible, while technological improvements — such as messaging and rewards — continue being made. The mission is to preserve privacy, in much the same way that cryptocurrencies based on smart contracts and UTXO keep public addresses separate from user identities.

The biggest difference with Ravencoin is in its 

. Despite essentially being built on Bitcoin code and using a similar consensus mechanism for network security, RVN uses the X16R rather than Bitcoin’s SHA-256 mining algorithm to maintain a higher level of network decentralization.

The RVN team is fully committed to this and has developed X16R to be 

. This means the algorithm is designed to prevent mining by industrial-scale operations with expensive, specialized computer hardware. Instead, it’s designed to promote mining by hobbyists and your everyday Joe. This is what network decentralization looks like, and the RVN mining algorithm is designed to make this a working reality.

 and other cryptocurrencies have also employed similar ASIC-resistant algorithms for the very same reasons, in an effort to limit centralization among miners and enhance network security.

Similar to Ethereum, Ravencoin is specifically designed to distribute tokens via its blockchain and create custom tokens within minutes. Such tokens can be limited in number, issued as securities, designated as collector’s items and given all manner of conceivable properties. According to Ravencoin, “everything can be developed in the form of Ravencoin tokens.”

Here are just a few of Ravencoin’s many possible applications:

Needless to say, RVN has more use cases than just about any other crypto out there today.

In addition to its updated algorithm and the ability for RVN users to issue tokenized digital assets on its network, Ravencoin’s tokenomics also help differentiate it from Bitcoin. For instance, with RVN, the maximum token supply is set at 21 billion versus 21 million for BTC. Other differences include an initial block reward of up to 5,000 RVN rather than 50 BTC, and a block time of only one minute instead of ten.

You can find Ravencoin’s official road map published

. It consists of nine phases, of which all but one are now complete.

 — Mobile Wallet Compatible Mnemonic Seed

The RVN token was first released in March 2018 and since its initial launch, it has seen its fair share of highs and lows. In February 2021, RVN peaked at $0.2854. While the price trajectory of RVN has somewhat followed the overall crypto market since then, Ravencoin’s price growth is showing signs of promise. Since there’s plenty of growth in both the RVN and market cap metrics, Ravencoin doesn’t need to outpace the top crypto projects in order for RVN’s price to increase. In fact, it could increase significantly without putting a dent in the pricing of other cryptos.

As for future price predictions, various companies such as 

 are rather bullish for both the short and long term. This is due largely to RVN’s obvious fundamental value. Users appreciate the ability to mine RVN fairly, build custom tokens and transfer digital assets with ease. Considering these favorable factors, the conditions are good for RVN growth.

’s AI-derived price prediction of RVN suggests less than stellar price growth, with the forecast that RVN’s price will sit close to where it’s currently at in five years' time. 

As the actual price may fluctuate for various reasons, including uncertainty in global markets and regulations, keep in mind that none of the price predictions should be considered investment advice. Individual research is always recommended when making any financial decisions.

Like other cryptos, you can buy, sell and trade RVN on a number of cryptocurrency exchanges.

Bybit, for example, offers an excellent trading experience. To begin buying RVN on Bybit, you first create and 

. This involves providing your personal details and undergoing an identity check (

With your Bybit account now created, you can deposit funds into it via bank transfer. Then, simply click on the 

 to pull up its chart and enter a long position by placing a 

 trade. From here, you can also sell your RVN tokens and exit your position whenever you like.

From the perspectives of companies such as Gov Capital and PricePrediction, Ravencoin is a sound crypto project with plenty of potential. While other cryptocurrencies try to compete with Ethereum to overtake it as the top smart contract platform, RVN has taken another route by focusing on the transfer of assets and tokenization.

As a relatively young project, RVN hasn’t achieved the successes of 

 and others in its segment. However, it does have a strong value proposition and is supported by an active community and corporate companies such as 

Yet despite its faster, more secure network, dynamic asset exchange and tokenization capabilities, and strong push toward decentralization, whether Ravencoin will come out on top as a choice investment remains to be seen. Nonetheless, it’s not a longshot to say investors should view RVN’s future in a positive light.

The competition is fierce, yet despite lying low and flying under the radar, Ravencoin has amassed support from both large investors and a steadily growing community excited about having an equal voice in the function and future of the network. With developers consisting of some of the industry’s most respected names, it will be interesting to see just how high this raven will fly. One thing is for sure: Ravencoin has stood up well so far.

Ravencoin (RVN): A P2P Blockchain With Decentralized Mining

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