What is Rakon?
Rakon is a blockchain-based network that connects infrastructure, satellites, and navigation systems in a trustless ecosystem. For devices like smart power grids, wireless controllers, and aviation systems, the solution employs smart contracts to power frequency management and timing solutions. Rakon's major objective is to facilitate effective collaboration and transparent information flow for its users.
Rakon is powered by RKN, its native token. Rakon token developers envisioned a cryptocurrency that would fundamentally revolutionize the way control products are engineered. RKN was designed with speed and reliability factors in mind. The token enriches the experience of the connected society by delivering innovation, highly reliable frequency control, and timing solutions for crypto infrastructure and ecosystems. Check out the current RKN price on the Rakon price chart above.
Rakon aims to integrate smart contract systems into industries that rely on highly advanced frequency control and timing solutions. The project’s revenue model is centered on establishing Rakon as a go-to solution for fields such as GPS, telecommunications, space, defense, and the internet of things (IoT).
Use Cases of RKN Tokens
Overall, RKN tokens are the driving force of the whole platform. They have various use cases already implemented or planned for the future. For example, Rakon tokens can be used in the telecommunications sector to top up mobile phones that use certain mobile operators based in the United States, India, Turkey, Canada, and the United Kingdom.
Also, the Rakon crypto asset serves as an exclusive asset on the Orbit Network.
Moreover, Rakon is designed with growth potential. Therefore, investors can use the token for short and long positions. However, the RKN price is quite volatile. Therefore, it is important to research the token price to make an informed investment. You can use the Rakon price chart above.
Besides that, RKN tokens are used to incentivize users who contribute to the protocol in any way possible. For example, users can earn RKN tokens by promoting the project on social media.
Who Founded Rakon?
The Rakon project is a product of Orbit Network Inc. The project was created in 2018 and officially launched in 2020.
The parent company, Orbit Networks, leverages blockchain technology and smart contracts to develop products with increased usability. The company’s main goal is to drive global enterprise blockchain adoption. Orbit Network is also behind other crypto projects, like Sport and Leisure (SNL) or Orbitex.
Tokenomics of RKN
Rakon coins have a maximum supply of 285,714,286 RKN. The fixed supply mechanism protects the RKN price from the effect of undesirable inflation.
Rakon tokens were launched with an initial coin offering (ICO) that began in April 2019. At that time, ETH could be exchanged for RKN. Besides, note that Rakon network fees are proportionally distributed to RKN token holders.
