Review on NavCoin by Robiul Islam
NavCoin team is a collective of developers whose mission was to provide cheap…
NavCoin team is a collective of developers whose mission was to provide cheap and fast digital payments with focus on privacy and simplicity the project. I love that the project came about before ICO's were a thing and it started in a more organic way. I'm also super impressed by the team's steady dedication over the years and I'm excited about the fact that they'll be bringing back private transactions soon as well as hopefully supporting cold staking, all around I do genuinely think that it's a great project and I can honestly say that I will be hanging onto my nab and letting it stake in my wallet.
Updated 6 years ago
Rating has not been changed
The NavCoin cold staking platform “NavPool” already launched! NavPool takes advantage of NavCoin’s dual key cold staking capabilities by allowing the pool to stake coins on behalf of users, while the user always remains in control of the coins for spending.
If NAV is really superior, everyone needs to know because it does not help to have a good project, but if nobody knows, this needs a good strategy for the marketing to be efficient and reach the target audience.
Updated 5 years ago
Rating changed from 4 to 3
It was earlier known as the Summercoinv2, which then got rebranded. One of the biggest reasons for the popularity is that it facilitates anonymous transactions to a much larger degree than some of the other more popular tokens, it is one of the oldest fully anonymous cryptos.
Some of the recent improvements that are expected to help raise the value of NAV currencies include the coinpayments merchant gateway and upgrades to facilitate anonymous purchasing.
Pros
- The ICO movement blew up but so many projects just seemed like a money grab, building a project out of passion and funding it yourself is how crypto started and it's nice to see that NavCoin is a part of that movement. Really fast low-cost transactions as far as using the project as a currency it's actually a pretty good bet I mean the block times are 30 seconds and that's quite spectacular. The project's been around since 2014 and they're always working on it and upgrading it I see that that is some serious dedication.
Cons
- Marketing, community, awareness would be a cons it seems that although the project's been around for a significant amount of time there's actually really no talk of it, I don't see it getting mentioned anywhere which I find slightly surprising to be honest maybe because it's not a shiny new project and people take it for granted who knows, either way the team should probably try to do something about that.
