$0.18867 -0.70%
RVN · 2w

Why does it cost so much to make a unique token?

From [https://ravencoin.org/whitepaper/](https://ravencoin.org/whitepaper/) link to road map is [https://github.com/RavenProject/Ravencoin/tree/master/roadmap](https://github.com/RavenProject/Ravencoin/tree/master/roadmap) " Asset Support Ravencoin will be a hard fork that extends Raven to include the ability to issue and transfer assets. The expected release of asset capabilities will be approximately seven months after the release of RVN. Raven will be extended to allow issuing, reissuing, and transfer of assets. Assets can be reissuable or limited to a set supply at the point of issuance. The cost to create assets will be 500 RVN to create any qty of an asset. Each asset name must be unique. Asset names will be limited to A-Z and 0-9, '*' and '.' and must be at least three characters long. The '.' and the '*' cannot be the first, or the last character, or be consecutive. ## Phase 4 - Unique Assets (Complete) Once created, assets can be made unique for a cost of 5 RVN. Only non-divisible assets can be made unique. This moves an asset to a UTXO and associates a unique identifier with the txid. From this point the asset can be moved from one address to another and can be traced back to its origin. Only the issuer of the original asset can make an asset unique.The costs to make unique assets will be sent to a burn address. Some examples of unique assets: * Imagine that an art dealer issues the asset named ART. The dealer can then make unique ART assets by attaching a name or a serialized number to each piece of art. These unique tokens can be transferred to the new owner along with the artwork as a proof of authenticity. The tokens ART#MonaLisa and ART#VenusDeMilo are not fungible and represent distinct pieces of art. * A software developer can issue the asset with the name of their software ABCGAME, and then assign each ABCGAME token a unique id or license key. The game tokens could be transferred as the license transfers. Each token ABCGAME#398222 and ABCGAM...
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RVN -0.70% · tronblack.medium.com · 16h

How to use RVN DeFi

Ravencoin (RVN) is now able hop over to a smart contract chain. Nope, not Ethereum. It’s the Binance Smart Chain (BSC). First, what does this mean? It means RVN value can be used in smart contracts…