altcoin marathon #21- NAVcoin (NAV)

NAV is a proof of stake coin. It is currently ranked ~104th in market cap and is worth ~10,600 Satoshi. The coin was introduced in July 2014 and now to date has ~62million coins in circulation. The coin is created through owners staking their NAVs in a NAV's wallet. The wallet would need to be connected to the NAV's network and earning is at a rate of 5%.

The coin is based on bitcoin blockchain with an enhancement to being anonymous via introducing subchains. NAV provides privacy to owners and conceals their identity when exchanging the coin. Transaction times are advertised to be under 30 secs on its website.

NAV is an outstanding example of a successful proof of stake coin. Here are the reasons why I say they are outstanding:

1. The coin has increased in value over the course of its existence.
2. The gradual decrease in earnings for proof of stake has been a success. NAV even has their own physical hardware wallet that includes staking the coin.
3. Milestones on projects related to adding or enhancing features to the NAV coins have been reached and status of future upgrades are documented for transparency.

NAV is a good example to crypto investors of a proof of stake coin within 3 years have more than 20,000% rise in value. Dang wish I started investing in cryptos sooner...