Ravencoin (RVN): questions and answers
Every answer below is written from the sources listed at the end of this page, with the date each one was checked.
The question that decides how you read Ravencoin
Plenty of chains issue tokens. Ravencoin is interesting because it gave away every advantage a founding team usually keeps — and then had to live with the consequences.
The whitepaper's framing is narrow on purpose: a peer-to-peer system for the creation and transfer of assets. Bitcoin is excellent at moving one asset and clumsy at everything else; layering token issuance onto it meant overloading transactions with data that the base protocol does not understand. Ravencoin's answer was to fork Bitcoin and make assets a first-class protocol feature instead of a convention.
What is still unsettled
Volunteer governance is Ravencoin's best feature and its main risk. With no treasury and no funded team, upgrades depend on whoever shows up, and the 2020 fork demonstrated both the strength (a contested algorithm change executed without a company) and the exposure (a mandatory client update that every holder and exchange had to follow).
What this means when you swap RVN
Blocks target one minute and fees are minimal. Standard addresses start with `R`, multisig addresses with `r`, and the chain uses a Bitcoin-style fee model. Creating an asset burns 500 RVN — that cost is a protocol rule, not a service charge.
If you are restoring an old wallet, note the KAWPOW fork: pre-2020 clients follow rules the network no longer uses. Use current software, and never send RVN to a Bitcoin address, which shares the fork's lineage but not its chain.
Common RVN questions
- How do I swap Ravencoin (RVN) instantly on Monivo?
- Pick RVN as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. Monivo routes your order to the provider offering the best rate, and most swaps complete in under 10 minutes — no account needed.
- Can I swap RVN with no KYC?
- Yes. Crypto-to-crypto swaps of RVN on Monivo require no identity verification and no sign-up. Only fiat purchases (card or bank transfer) require KYC, because banks and payment processors mandate it.
- Is swapping Ravencoin on Monivo non-custodial?
- Yes. Monivo never holds your funds. RVN is sent directly to the wallet address you provide, so you stay in control the whole time.
- Which network does RVN use here?
- Monivo supports Ravencoin on the Ravencoin network. Always double-check that your receiving wallet supports this network before confirming.
- What fees apply when I swap RVN?
- Monivo adds zero fees on top. The quote you see already reflects the strongest quote we found across connected providers, including their network and processing costs — all fees are included in the shown amount.
- Was there a premine or ICO for Ravencoin?
- No. The project states there was no ICO, no premine, no founder allocation and no developer fund — every coin has been mined since the January 2018 launch. That is unusually clean and is central to how the community describes the project.
- What does it cost to create a token on Ravencoin?
- Creating an asset burns 500 RVN. The coins are destroyed rather than paid to anyone, which is how the chain prices name registration without a company collecting fees.
Sources and dates (5)
- The whitepaper defines Ravencoin as a system for creating and transferring assets. Ravencoin whitepaper · 2018-04-03 · checked 2026-09-21
- The project states there was no ICO, premine, founder allocation or dev fund. ravencoin.org · 2018-01-03 · checked 2026-09-21
- KAWPOW replaced x16r in the v4.1.0 release after ASICs appeared. Ravencoin v4.1.0 release notes · 2020-04-16 · checked 2026-09-21
- The project has no company or paid leadership; contributors describe themselves as volunteers. BitcoinTalk announcement thread · 2018-04-02 · checked 2026-09-21
- The asset layer launched in November 2018, months after mainnet. Bruce Fenton project overview · 2018-11-05 · reported, not independently confirmed · checked 2026-09-21