What is Nav Coin? - COINTURK NEWS
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What is Nav Coin?

1:00 pm (16 days ago)
November 18, 2023

Co-founded by Chris Kang, Jeffrey Jin, and Peter Kim, MovieBloc is an ICO project operated by the Korean video streaming platform Pandora.tv. In other words, MovieBloc is a decentralized movie and content distribution platform.

Here, we will cover topics such as “MBL coin Binance, MBL/USDT, Where to buy MBL coin”.

NavCoin (NAV) is an open-source, decentralized Proof-of-Stake Version 3 (PoSv3) cryptocurrency, aiming to provide affordable and fast digital payments with a focus on privacy and simplicity. Self-funded by a community of volunteers, NavCoin was launched in April 2014 without an ICO or pre-mining.

In this article, we will explore topics like “What is NAVCoin, Nav coin Binance, Where to buy Nav Coin”.

NAV Coin Review

Looking at the comments about NAV coin, it seems investors are expecting an increase. Especially after being listed on Binance, NAV coin, a frequently mentioned token, appears to continue its upward momentum, which investors consider a buying signal.

Additionally, the use of the proof-of-stake algorithm by NAV coin is also positively perceived by users.

NAV Coin Staking

NAV coin investors can utilize their cryptocurrency through staking. Investors can earn passive income and staking rewards with NAV coin. To stake NAV coins, it is recommended to run the official NavCoin Core wallet with a full copy of the Blockchain on your computer or a Virtual Private Server (VPS). The platform encourages users to ensure they are online 24/7 and keep their wallet unlocked only for staking to obtain the highest possible rewards.

Furthermore, thanks to NavCoin’s cold staking feature, users no longer need to connect all their coins to hot wallets, thus achieving a more secure staking service.

It is also stated that the individual reward in NavCoin staking depends on the block reward, block time, daily network reward, and total staking amount.

In addition, the NavCoin platform offers its users the following features:

  • Low fees: Designed for fast, cheap, and secure peer-to-peer payments.
  • Community governance: Decentralization has been fully implemented in NavCoin since 2014.
  • Self-funded system: NavCoin uses one of the most advanced community funds to finance itself, claimed to be the first fully decentralized and autonomous fund controlled solely by the community.
  • User-friendly currency: NavCoin aims to make paying with crypto as easy as possible for everyone.

Nav Coin Price

Before looking at topics like “Nav coin Binance and Where to buy Nav Coin,” it’s beneficial to check the current figures of NavCoin.

As of the time this article was prepared, NAV was trading at $0.1320, and against Bitcoin, it was trading at 0.00001119 BTC. According to CoinMarketCap data, NAV coin, ranked 528th with a trading volume of $9,238,097, has a circulating supply of 69,983,675 NAV. It is also worth mentioning that there is no clear information about the total number of NAV coins.

Additionally, it’s useful to note that NAV reached a record high of $5.53 on January 7, 2018, and a record low of $0.0005 on January 31, 2014.

How to Buy Nav Coin?

You can easily purchase NAV tokens via Binance, the world’s largest cryptocurrency trading platform by trading volume.

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