Raven Protocol Price RAVEN
$0.0003982
-0.19%
24H Low $0.0003974
$0.0004096 24H High
About Raven Protocol (RAVEN)
Raven Protocol's specific use case is to perform AI training where speed is the key. We're taking a 1M image dataset that takes 2-3 weeks to train on AWS down to 2-3 hours on Raven. AI companies will be able to train models better and faster.
Raven Protocol is creating a self-sustaining and dynamic ecosystem for:
Customers who want to train their AI engines; and/or
Contributors who would like to share their compute resources in the form of Computers, Smartphones, or even a server rack.
Raven Tokens (RAVEN) will work as the common ground to facilitate a secure transaction that will take place inside our ecosystem. Enterprise clients who want to rent compute power will do so with RAVEN and contributors of the compute power will be rewarded in RAVEN.
Raven is creating a network of compute nodes that utilize idle compute power for the purposes of AI training where speed is the key. A native token is the key to bootstrapping a nascent network.
We want to incentivize and reward people all over the world to contribute their compute power to our network. Additionally, we will reward token holders for running masternodes which will be responsible for orchestrating the training of various deep neural networks.
Our consensus mechanism is something we call Proof-of-Calculation. Proof-of-Calculation will be the primary guideline for the regulation and distribution of incentives to the compute nodes in the network. Following are the two prime deciders for the incentive distribution:
Speed: Depending upon how fast a node can perform gradient calculations (in a neural network) and return it back to the Gradient Collector.
Redundancy: The 3 fastest redundant calculation will only qualify for receiving the incentive. This will make sure that the gradients that are getting returned are genuine and of the highest quality.
24H Volume$503.50
All-Time High(ATH)$0.004547
All-Time Low(ATL)$0.00006247
Market Cap$1.76M
Fully Diluted Valuation$3.98M
Market Cap/FDV44.37%
Circulating Supply4.43B RAVEN
Total Supply10.00B RAVEN
Max Supply10.00B RAVEN
Market SentimentPositive
* Data from 3rd parties
Raven Protocol (RAVEN) Price Trends
Time period | Change amount | % Change |
|---|---|---|
| 1H | $0.0000003779 | +0.095% |
| 24H | -$0.000000758 | -0.19% |
| 7D | $0.000009028 | +2.32% |
| 30D | -$0.00006161 | -13.40% |
| 1Y | -$0.000008263 | -2.03% |
Credibility Indicators
62.03
Reliability Score
Rank #1
#3674
Percentile
TOP 25%
Investors
NGC Ventures
Mapleblock Capital
coinIX
GBIC (Global Blockchain Innovative Capital)
Cluster Capital
Moonchain Capital
Zeroline Capital
Live Raven Protocol (RAVEN) Price Update
Raven Protocol price today is $0.0003982 with a 24-hour trading volume of $503.50, and as such Raven Protocol has a market cap of $1.76M, giving it a market dominance of 0.00014%. The Raven Protocol price moved -0.19% in the last 24 hours.
Raven Protocol reached its highest price on 2019-07-12 when it was trading at its all-time high of $0.004547, while its lowest price was recorded on 2020-03-16 when it was trading at its all-time low of $0.00006247. The current lowest price since the last cycle high was $0.00006247, and the highest price since the last cycle low was $0.004547. The social sentiment of Raven Protocol is currently Neutral.
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Raven Protocol Tokenomics
Raven Protocol Data Analysis
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Holding Distribution
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Others | 100.00% |
Raven Protocol (RAVEN) Announcements
MoreNo record
Date | Market Cap | Volume | Open | Close |
|---|---|---|---|---|
| 2024-09-19 | $1.79M | 1.70M RAVEN | $0.0004051 | N/A |
| 2024-09-18 | $1.71M | 370.66K RAVEN | $0.0003867 | $0.0004051 |
| 2024-09-17 | $1.69M | 1.43M RAVEN | $0.000382 | $0.0003867 |
| 2024-09-16 | $1.73M | 432.84K RAVEN | $0.0003911 | $0.000382 |
| 2024-09-15 | $1.75M | 84.02K RAVEN | $0.0003964 | $0.0003911 |
| 2024-09-14 | $1.75M | 1.12M RAVEN | $0.0003957 | $0.0003964 |
| 2024-09-13 | $1.71M | 2.65M RAVEN | $0.0003871 | $0.0003957 |