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Token: 0xbfef6ccfc830d3baca4f6766a0d4aaa242ca9f3d

Pair: 0xc31fc5d88871a3bac6bec7e6306e16e02053eec1

Price

$0.0457

Change 24h

+
3.80%

High 24h

$0.0469

Low 24h

$0.0441

Market cap

$149.20K

Volume 24h

$684.37

Liquidity

$77.18K

Tax

0%

Holders

3.3K

Added to BNB

3 years ago

Updated: 2024-6-19 16:10 UTC

Created: 2021-4-24 16:06 UTC

Pressure

Buy:
$492.57
Sell:
$191.80

Introducing Wrapped Navcoin (WNAV): A New Arrival on the BNB Chain

Welcome to the detailed profile of Wrapped Navcoin (WNAV), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, Wrapped Navcoin (WNAV) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about Wrapped Navcoin (WNAV) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about Wrapped Navcoin (WNAV) and find answers to some frequently asked questions.

Token description

What is Navcoin (NAV)? Navcoin, launched in 2014, is an open-sourced digital currency offering fast and reliable payments with innovative technological and privacy features. Storing coins on a Navcoin wallet allows for making public or private transactions, earning rewards through staking (for network validation) or mixing coins (for privacy enhancement), and having a vote in project proposals. 
Unique to Navcoin’s cryptosystem is that public NAV coins can be converted 1:1 to xNAV, the revolutionary privacy coin that guarantees untraceable transactions. Additionally, Navcoin has launched wNAV, a wrapped representation of NAV, that can be used in ecosystems such as Ethereum and Binance Smart Chain (BSC).

Navcoin was launched without pre-mining or an ICO to achieve a fair and transparent initial distribution of the supply. The project operates as a fully Decentralized Autonomous Organization (DAO), without a central decision making authority (unlike most other projects). Anyone can participate by simply staking NAV in their wallet, thereby obtaining a say in protocol governance and a vote on proposals that arise from within the community.

How are Navcoin’s privacy-enhanced features achieved? 
Navcoin’s philosophy is to provide people with privacy preserving solutions that allow them to express themselves financially and transact as they desire. This has resulted in the development of xNAV, a privacy coin based on the decentralized, trustless, and permissionless technologies of the future.

First of all, xNAV is built on top of the self-developed privacy protocol blsCT that merges Boneh-Lynn-Shacham (BLS) Signatures and Confidential Transactions (CT). BLS compresses a group of signatures into a single compact signature that authenticates the entire group, thereby shielding the origin of individual transactions. CT is a well-established privacy protocol that obfuscates the amount of coins in a transaction.

On top of that, xNAV ensures personal privacy by using Stealth Addresses, public-key cryptography and the innovative Dandelion++ protocol. Stealth Addresses are private addresses which ensure complete privacy for the receiver of a transaction. Dandelion++ is a communication mixing protocol which breaks the link between a message and its source. When using blsCT, two xNAV transactions can be merged into one, and transactions can be aggregated an infinite number of times. This allows Navcoin to scale effectively and support a high quantity of transactions across the network and users’ transactions are completely shielded and untraceable. Anyone trying to monitor transactions being made through Navcoin’s network is unable to tell if a transaction has been aggregated or not, and users are able to merge their coins with other individuals making transactions. When doing so, a user’s wallet uses Dandelion++ to send an anonymous request for coins from other nodes. These nodes can then connect and communicate between them using public-key cryptography to broadcast the session and their coins to mix. From those, the sender can randomly select several coins from the responses received. These coins are in turn mixed together with the original user’s coins, and then sent to the network, and this system ensures true privacy while also enabling anyone who helps to facilitate the mixing-process by providing liquidity to receive a fee for their service, and generate a passive income.

Combining these technologies, xNAV stands out in scalability and privacy, effectively supporting high quantities of transactions across the network with shielded and untraceable transactions.

How is Navcoin’s network secured? 
Navcoin’s network is secured by a Proof of Stake (PoS) consensus mechanism, which means that anyone can use their NAV to help validate transaction blocks. By comparison, Bitcoin’s Proof of Work (PoW) consensus mechanism requires miners to calculate huge mathematical problems to process transactions and earn rewards. This requires expensive hardware and is extremely energy intensive. Navcoin’s PoS consensus mechanism does away with these resource intensive requirements; even a 5 Volt Raspberry Pi can take part in securing the network.
 Navcoin’s users can earn passive income in two distinct ways. First of all, users can help secure the network by staking NAV to validate transactions. With block times of 30 seconds, the block reward is 2.5 NAV. Of each reward, 2 NAV are for the staker, and 0.5 NAV are held in a decentralized treasury, the Community Fund, used for self-funded community initiatives. 

Users can also mutually merge their xNAV coins over various nodes to facilitate the mixing process that ensures xNAV’s privacy and anonymity. Users are rewarded a fair compensation fee in return for this service. How is Navcoin’s network governed? In addition to helping to secure the network, Navcoin’s PoS consensus mechanism enables all public NAV holders to get involved with governing their platform. There is no central authority controlling Navcoin, and community members play a crucial role in maintaining a fair and decentralized system of decision making. As a result, Navcoin operates as a Decentralized Autonomous Organization (DAO) with all protocol administration and consensus changes being subject to an open voting system. All community members holding their NAV on the public side can participate in the DAO by staking their coins, and each stake is the equivalent of one vote. This gives each wallet holder a say in protocol governance, and allows them to vote on any proposals that arise. To ensure widespread participation, there is also no minimum staking amount required for anyone to take part in voting. Navcoin’s governance system also incorporates a Community Fund to ensure that contributors and projects can be compensated and funded by the network.

Token overview

What is Wrapped Navcoin (WNAV)?

Wrapped Navcoin (WNAV) is a newly launched cryptocurrency token on the BNB Chain. We encourage all potential investors to do their due diligence and thoroughly research new tokens before making any investment decisions.

What is the price of Wrapped Navcoin today?

As of our latest update, the current price of one Wrapped Navcoin (WNAV) is approximately $0.0457. Please note that cryptocurrency prices are extremely volatile and can change rapidly.

How do I buy Wrapped Navcoin?

You can purchase Wrapped Navcoin (WNAV) by using the 'trade' button on NewCoinHub. Alternatively, PancakeSwap is another platform that allows trading of Wrapped Navcoin.

What is Wrapped Navcoin smart contract address?

The smart contract address for Wrapped Navcoin (WNAV) is 0xbfef6ccfc830d3baca4f6766a0d4aaa242ca9f3d. Always verify smart contract addresses before making transactions to avoid scams.

What is the Wrapped Navcoin Market Cap Today?

The market cap of Wrapped Navcoin (WNAV) as of today is $149,202.04. Market cap, which is the total value of all tokens in circulation, is calculated by multiplying the current price by the total supply of the token.

What is the last 24h Wrapped Navcoin trading volume?

The trading volume of Wrapped Navcoin (WNAV) in the last 24 hours was $684.37. Trading volume represents the total number of tokens traded on all exchanges in the past 24 hours.

How much liquidity does Wrapped Navcoin have?

As of now, the liquidity of Wrapped Navcoin (WNAV) is $77,178.30. Liquidity refers to the ease with which a cryptocurrency can be bought or sold without affecting its price.

How many people are holding Wrapped Navcoin?

Currently, there are 3259 holders of Wrapped Navcoin (WNAV). This number refers to the total count of unique addresses holding at least some amount of Wrapped Navcoin.

Frequently asked questions

What is a Newly Launched Crypto Token?

A newly launched crypto token is a type of cryptocurrency that has recently been released to the market. These tokens are often introduced through a process known as an Initial Coin Offering (ICO), Initial Dex Offering (IDO), or similar launch mechanism.

What is the BNB Chain?

The BNB Chain, formerly known as the Binance Smart Chain (BSC), is a blockchain network built for running smart contract-based applications. It's designed to be fast and efficient, with a focus on enabling the creation and exchange of new tokens.

What is PancakeSwap?

PancakeSwap is a decentralized exchange (DEX) running on the BNB Chain. Users can trade directly from their wallets in an automated manner, offering liquidity in exchange for fees.

What is a smart contract address?

A smart contract address is a unique identifier within a blockchain where a smart contract resides. Transactions, including token buying or selling, interact with these addresses.

What does token liquidity mean?

Token liquidity refers to how easily a token can be bought or sold without causing significant price changes. High liquidity usually means that the token can handle large trading volumes without substantial price swings.

What does token trading volume mean?

Token trading volume is the total quantity of a token that has been traded (bought and sold) during a specific period, typically 24 hours. It provides insight into the token's activity and popularity.

What is a token holder?

A token holder is a person or entity that owns some quantity of a specific cryptocurrency token. The number of holders can be indicative of a token's distribution and its community size.

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