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What is Rakon coin (RKN) and how does it work?

by Financial Economy

Rakon is a blockchain-based network designed to connect infrastructure, satellite, navigation and communication systems in ecosystems that do not depend on intermediaries, where the need for trust is not required. Smart contracts are used to power frequency control and timing solutions for devices such as wireless controllers, smart power grids, aerial systems, and other applications. Detailed information about what is Rakon coin (RKN), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about TROY coin.

What is Rakon coin (RKN) and how does it work?

RKN is the token that powers the activities of the Rakon ecosystem. It is used as a “fuel” to implement smart contracts running on its network. According to the whitepaper, Rakon’s vision is “to enable transparent information flow and efficient collaboration.”

Rakon was developed by Orbit Network Inc, through its subsidiary Blockchain Development Inc. Rakon focuses on integrating blockchain-based smart contract systems into industries that depend on very advanced new technologies. The revenue model is based on proving itself as the first solution that comes to mind in global location systems, also known as GPS, telecommunications, defense, space, Internet of Things and other fields. Rakon focuses specifically on integrating smart contracts into frequency control and scheduling solutions.

How to buy Rakon coin (RKN)? How much is the RKN coin price?

Rakon has a fixed maximum supply of 285,714,286 coins. RKN was first purchased on the initial token offering, where ETH can be exchanged for RKN with a minimum transaction amount of 1 ETH starting in April 2019. The project stated that users can also earn RKN by promoting on social media and other internet platforms.

Rakon coin is listed on many cryptocurrency exchanges and can be purchased from these exchanges. but it is necessary to make sure that the exchange is “trusted”. As of October 28, 2021, the price of 1 RKN token is around $ 0.64.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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