$ 0.0472 USD
$ 0.0472 USD
$ 3.594 million USD
$ 3.594m USD
$ 55,039 USD
$ 55,039 USD
$ 614,071 USD
$ 614,071 USD
0.00 0.00 NAV
Issue Time
2014-07-06
Platform pertained to
--
Current coin price
$0.0472USD
Market Cap
$3.594mUSD
Volume of Transaction
24h
$55,039USD
Circulating supply
0.00NAV
Volume of Transaction
7d
$614,071USD
Change
24h
0.00%
Number of Markets
16
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
+42.97%
1Y
-12.44%
All
-61.09%
Aspect | Information |
Short Name | NAV |
Full Name | NavCoin |
Founded Year | 2014 |
Main Founders | Craig MacGregor, SoopY |
Support Exchanges | Binance, Bittrex, Upbit, and others |
Storage Wallet | NavCoin Core Wallet, NEXT Wallet, etc. |
NavCoin, abbreviated as NAV, is a decentralized cryptocurrency that was established in 2014. It's a project that was initially conceived by Craig MacGregor and SoopY. As a peer-to-peer open-source cryptocurrency, NAV uses a proof-of-stake consensus mechanism, aiming to make transactions simpler and more efficient. The digital asset can be purchased and traded on several exchanges including Binance, Bittrex, and Upbit, among others. For the safe storage of NAV, users can use wallets such as the NavCoin Core Wallet and NEXT Wallet.
Pros | Cons |
Uses proof-of-stake consensus mechanism | Relatively small market capitalization |
Experienced founding team | Limited adoption compared to larger cryptocurrencies |
Tradeable on multiple exchanges | Dependent on broader cryptocurrency market trends |
Specific wallets designed for storage | Competing against numerous other cryptocurrencies for market share |
Over the coming decades, NAV's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.00000906 and $0.1118.In 2040, our forecast suggests NAV could reach a peak price of $0.1200,with a potential minimum around $0.0003579.Looking ahead to 2050, technical analysis indiNAVs that NAV's price could range from $0.05962 to $0.2074,with an estimated average trading price of about $0.08790.
NavCoin (NAV), like many cryptocurrencies, operates on blockchain technology. But what sets it apart is that it utilizes a specific form of blockchain consensus called Proof of Stake (PoS), as opposed to the traditionally used Proof of Work (PoW) method. The PoS consensus mechanism has been recognized for its energy efficiency, as it doesn't require the extensive computational power that PoW relies on.
Additionally, the NavCoin project emphasizes privacy and simplicity. It has introduced several features to enhance user privacy. One of these is the NavTech subchain, which aims to facilitate private transactions by separating the transaction process into two parts - transferring NAV and private payments, while keeping the sender's information confidential.
NavCoin (NAV) operates on a proof-of-stake (PoS) consensus mechanism, a method that differs significantly from the more commonly used proof-of-work (PoW) systems.
In a PoS system, validators, who are analogous to miners in a PoW system, are chosen to create new blocks based on their economic stake in the network. This means that the more NAV tokens a validator holds, the higher the chance they have of being chosen to add a new block to the network. This method requires less power and therefore, it is more environmentally friendly than PoW systems, which require vast computational resources to solve complex mathematical problems.
Privacy is another key aspect of NAV's working principle. It uses a subchain technology called NavTech to facilitate private transactions. When a user initiates a private transaction, it is first sent to a processing hub on the NavTech system. Here, the transaction and the sender's details are separated. The transaction is then sent through a second server for encryption before being broadcasted onto the network, devoid of the sender's information.
1. Binance: This popular exchange supports the BTC/NAV trading pair.
2. Bittrex: Here, NAV can be traded for BTC, ETH, and USDT.
3. Upbit: Upbit supports the NAV/BTC trading pair.
4. Poloniex: This platform also offers NAV in exchange for BTC, ETH, and USDT.
5. Crex24: On Crex24, traders can exchange BTC for NAV.
1. NavCoin Core Wallet: This desktop wallet, developed by the NavCoin team, is available for Windows, MacOS, and Linux operating systems and allows users to stake their NAV tokens.
2. NEXT Wallet: This multi-coin wallet, which also supports NAV, provides an intuitive user interface and additional features like a built-in exchange and market data tracking.
3. Coinomi: This multi-asset mobile wallet supports NAV, among other cryptocurrencies. Available for Android and iOS devices, Coinomi features strong privacy and security measures.
4. NavPay: This lightweight wallet by NavCoin is available for web and mobile platforms. It allows users to quickly create transactions with the option of private payments.
5. Hardware Wallet: Although currently no specific hardware wallet is solely dedicated to NAV, NavCoin can be stored on wallet providers that support multiple cryptocurrencies such as Ledger or Trezor.
Remember to always research wallet options thoroughly to make sure it suits your needs for security, convenience, and functionality. Wallets should ideally be from reputable sources, and wherever possible, enable extra security features such as two-factor authentication and encryption.
Investing in the NavCoin (NAV) can be suitable for different types of investors, including:
1. Cryptocurrency enthusiasts: Those who have a general interest in the cryptocurrency space and want to diversify their portfolio with a Proof of Stake token may consider investing in NAV.
2. Long-term investors: NAV might be an interesting asset for long-term investors who believe in the project's potential. Long-term investors should be prepared to hold through periods of volatility and price fluctuations.
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