Links

Token: 0xcd7c5025753a49f1881b31c48caa7c517bb46308

Pair: 0x547037d9d7ac11cb2740727a7f4ca41111d7e608

Price

$0.0010

Change 24h

+
1.39%

High 24h

$0.0010

Low 24h

$0.0₃9967

Market cap

$8.76M

Volume 24h

$2.02K

Liquidity

$38.40K

Tax

0%

Holders

4.9K

Added to BNB

3 years ago

Updated: 2024-5-27 16:47 UTC

Created: 2021-4-26 00:18 UTC

Pressure

Buy:
$1.01K
Sell:
$1.01K

Introducing Raven Protocol (RAVEN): A New Arrival on the BNB Chain

Welcome to the detailed profile of Raven Protocol (RAVEN), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, Raven Protocol (RAVEN) 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 Raven Protocol (RAVEN) 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 Raven Protocol (RAVEN) and find answers to some frequently asked questions.

Token description

Raven Protocol's specific use case is to perform AI training where speed is the key. We're taking a 1M image dataset that takes 2-3 weeks to train on AWS down to 2-3 hours on Raven. AI companies will be able to train models better and faster. Raven Protocol is creating a self-sustaining and dynamic ecosystem for: Customers who want to train their AI engines; and/or Contributors who would like to share their compute resources in the form of Computers, Smartphones, or even a server rack. Raven Tokens (RAVEN) will work as the common ground to facilitate a secure transaction that will take place inside our ecosystem. Enterprise clients who want to rent compute power will do so with RAVEN and contributors of the compute power will be rewarded in RAVEN. Raven is creating a network of compute nodes that utilize idle compute power for the purposes of AI training where speed is the key. A native token is the key to bootstrapping a nascent network. We want to incentivize and reward people all over the world to contribute their compute power to our network. Additionally, we will reward token holders for running masternodes which will be responsible for orchestrating the training of various deep neural networks. Our consensus mechanism is something we call Proof-of-Calculation. Proof-of-Calculation will be the primary guideline for the regulation and distribution of incentives to the compute nodes in the network. Following are the two prime deciders for the incentive distribution: Speed: Depending upon how fast a node can perform gradient calculations (in a neural network) and return it back to the Gradient Collector. Redundancy: The 3 fastest redundant calculation will only qualify for receiving the incentive. This will make sure that the gradients that are getting returned are genuine and of the highest quality.

Token overview

What is Raven Protocol (RAVEN)?

Raven Protocol (RAVEN) 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 Raven Protocol today?

As of our latest update, the current price of one Raven Protocol (RAVEN) is approximately $0.0010. Please note that cryptocurrency prices are extremely volatile and can change rapidly.

How do I buy Raven Protocol?

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

What is Raven Protocol smart contract address?

The smart contract address for Raven Protocol (RAVEN) is 0xcd7c5025753a49f1881b31c48caa7c517bb46308. Always verify smart contract addresses before making transactions to avoid scams.

What is the Raven Protocol Market Cap Today?

The market cap of Raven Protocol (RAVEN) as of today is $9M. 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 Raven Protocol trading volume?

The trading volume of Raven Protocol (RAVEN) in the last 24 hours was $2,016.70. Trading volume represents the total number of tokens traded on all exchanges in the past 24 hours.

How much liquidity does Raven Protocol have?

As of now, the liquidity of Raven Protocol (RAVEN) is $38,401.92. Liquidity refers to the ease with which a cryptocurrency can be bought or sold without affecting its price.

How many people are holding Raven Protocol?

Currently, there are 4862 holders of Raven Protocol (RAVEN). This number refers to the total count of unique addresses holding at least some amount of Raven Protocol.

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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The information provided on this site does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the site's content as such. Always do your own research and consult with a qualified financial advisor before making any investment decisions.

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