This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin and evaluating instead of predicting.
NAV is a privacy-focused coin built from Bitcoin core. To be clear, it actually stands for two key principles: privacy and usability. Fast, low cost transactions and a staking reward for helping secure the network. Active dev team and weekly updates are pushing this coin into more and more conversations.
More details:
https://navcoin.org/faq/
Quick Technicals
Algo: X13 / PoS
Block time: 30 seconds
Block reward: 5% per year staking (4% for user, 1% for community fund)
Bitcointalk thread:
https://bitcointalk.org/index.php?topic=679791.0
https://navcoin.org/downloads/
Along with the whitepaper:
https://www.navcoin.org/files/navtech-whitepaper-beta-v0.9.pdf
CMC says ~62m circulating supply.
Full of engineers and developers, as well as directors for marketing, creative and digital strategist, as well as an ops manager.
Roadmap:
https://navcoin.org/project-roadmap/
~239m with ~8m volume when last checked today.
Similar projects or target industry...
As they describe it: simple but powerful, rapid block speed that is ideal for retail and e-commerce, staking and optional private payments.
Pros
Cons
Staking rewards have went from 20% (2015) to 10% (2016) to 5% (2017), which is great for really early adopters but much less great for folks who got in this past year. As we've been told, it actually 4% for users and 1% for the community fund now. This could be changed to better incentivize folks who are just getting in.
It's traded across the board. For an older, non-ICO coin to get added to Binance, that's a sign that it's a solid project and brings a lot more volume in.
https://coinmarketcap.com/currencies/nav-coin/#markets
Based on the FA, NAV looks like a low to medium risk with high reward potential if they continue to deliver products and catch on. Picking it up under 22k sats would be bargain or around $4 - $5 would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!
