MarketsRakon

RakonRakon PriceRKNUSD

$0.10907232+8.09 %(24h)

Market Statistics

Market Cap$26.489M
24h Volume$518.656
Circulating Amount$285.714M
Price Change (1h)+0.73 %
Price Change (24h)+8.09 %
Price Change (7 days)+9.35 %

About Rakon (RKN)

Launched on 15 April 2019 by a company based in the United Kingdom, Rakon is a blockchain-based network that aims to design and manufacture frequency control solutions that help organizations experience highly secured, synchronized and fast transaction systems.

It is designed to connect infrastructure, satellites and navigation and communication systems in trustless ecosystems that do not depend on middlemen or intermediaries. The network uses smart contracts to power frequency control and timing solutions for devices such as wireless controls, smart power grids, aviation systems and other applications. According to its white paper, the vision of Rakon is to “enable transparent information flow and efficient collaboration.”

RKN is the token that powers the activities of the Rakon ecosystem. It is used as “fuel” to execute the smart contracts that operate on its network.

 

What Makes Rakon Different?

Rakon is focused on integrating blockchain-based, smart contract systems into industries that rely on highly advanced emerging technologies. Its revenue model is centered around establishing itself as a go-to solution for fields of global positioning systems — otherwise known as GPS — telecommunications, defense, space, the Internet of Things and others. It is particularly focused on integrating smart contracts into frequency control and timing solutions.

Following its launch, Rakon’s first use case is expected to be in the telecommunications sector, with Orbit Network announcing in August 2020 that it will be partnering with firms in the United States, Canada, India, Turkey and the United Kingdom to allow users to top up their mobile phones using RKN. The company also stated that RKN will serve as the exclusive asset of its Orbit Network Chain Server.

Rakon also anticipates that cryptocurrency investors will see RKN as having growth potential, further supporting the project through their purchasing decisions.

 

Where Can You Buy Rakon (RKN)?

Rakon is listed on a few smaller cryptocurrency exchanges — including Cat.Ex, CREX24, ProBit and STEX — where it is available to be traded against ETH and the stablecoin Tether (USDT).

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