Ravencoin (RVN) has exploded over 300% since being added to Binance. RVN has even jumped 49% over the last 24-hours. This Game of Thrones-inspired coin is built from a X16R mining algorithm and a UTXO  model of bitcoin built for P2P asset transfers.
RVN is free and open-source and allows for users to communicate with a secure messaging channel – hence the reference to the messenger ravens in GOT – and also allows for voting in protocol decisions. While this isn’t a new innovation by any means, the team behind this ambitious project seems to have taken a novel approach to token-centric blockchains. The whitepaper notes:
Assets created on the Ravencoin (RVN) protocol have several advantages: they are easier to use, tightly integrated with a native coin, and secured with fair POW mining and open source code not run by a centralized organization.
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Also, the coin had no ICO.
This was one of the reasons Binance out them on the platform without a listing fee.
Following the release of this surprising development for the project, which was forked off of Bitcoin in January 2018, RVN saw a colossal surge in buying pressure. Some blamed this influx of hype on the kind words CZ said regarding the project, but still, the bottom line is that Ravencoin saw a strong move to the upside.
The mainnet for the protocol asset layer will be released on October 31, 2018. This is the one year anniversary of the Ravencoin founding and the 10 year anniversary of Bitcoin.
The network has been live since January 3 which is the anniversary of the Bitcoin network launch.
— Ravencoin (@Ravencoin) October 21, 2018
Furthermore, the coin is partially funded by Overstock’s CEO Patrick Byrne.
“We think this coin actually has quite a future… It’s about – it’s bitcoin, but a thousand times more energy efficient, and there are other real interesting virtues to it.”