Ravencoin

1. Ravencoin ($RVN) – $32 Million

Ravencoin Project Breakdown
Drawing inspiration from the messenger ravens integral to communication between castles and settlements in the fictional Westeros in Game of Thrones, Ravencoin is a blockchain and platform built on the UTXO [19] model of Bitcoin and optimized for P2P asset transfers, prioritizing user control, privacy, security, censorship resistance.

Free and open-source, Ravencoin enables users to:

Issue assets on a decentralized and secure blockchain
Communicate between one another via a secure messaging channel
Cast lodging votes regarding important protocol decisions
Receive dividends
Having already drawn comparisons to Bitcoin in its infancy, Ravencoin is looking to go that extra step – by filling the gaps and inefficiencies of Bitcoin’s latent and costly network – and boasts 1-minute block reward times, ASIC-resistance, public and transparent mining, and energy conservation.

Why We Like Ravencoin
Ravencoin should be more accurately labeled as “Phoenixcoin” (but it looks like that is already taken), due to its rise out of the ashes of over 400 former Bitcoin developers – with over 14,000 commits to the Bitcoin project to date. Ravencoin’s white paper emphasizes organic growth, hence the absence of the following features:

ICO: Lowering the possibility of bandwagon or fickle investors entering for a quick profit.
Pre-mining: All Ravencoin are fairly issued and mined transparently and publicly, preventing an inequitable balance of power.
Paid marketing: Eliminating bounty and other incentivized programs, steering clear of unnecessary and unwanted attention.
CEO: Keeping power in the hands of developers.
Not to mention, Overstock’s CEO, Patrick Byrne, is a huge proponent of Ravencoin (and cryptocurrency altogether), having reportedly invested millions into the project. He states:

We think this coin actually has quite a future… It’s about – it’s bitcoin, but a thousand times more energy efficient, and there are other real interesting virtues to it.

And to top it all off, Ravencoin isn’t even 4 months old.

To read up further on Ravencoin and what they have in store of May 2018 – and 2018 overall – check out their website, white paper, roadmap, and social media channels (Twitter, Discord, Telegram, and Reddit).