Ragnarok is a cryptocurrency that aims to focus on providing crypto users with a secure mode of crypto experience. This cryptocurrency is secured by blockchain and uses masternodes to stabilize the network. The platform is a soft fork of PIVX and inherits PIVX's instant payment ability through SwiftTx technology. PIVX is a blockchain ecosystem that allows people to send or receive cryptocurrency without exposing their data.
This network seeks to establish itself as a cryptocurrency through which people can earn online. Ragnarok also aims to partner with an online store that sells crypto mining items like motherboards, GPUs, risers, etc. The whitepaper suggests that users can purchase crypto mining items by using Ragnarok without disclosing their identity or giving credit card or payment information.
This cryptocurrency works on an energy-efficient proof-of-stake (PoS) consensus mechanism. As PoS requires fewer people to validate the transactions, Ragnarok transactions aim to consume less time and energy. Masternodes seek to ensure anonymity and security to every transaction that happens on this network. The PoS system, along with masternodes, aims to secure its network and enable the token holders to earn block rewards for contributing to the network.
Moreover, users need to have a certain amount of tokens in their wallets to get a shot at rewards. Ragnarok aims to prioritize users who hold onto their tokens in the wallet for a long duration. The block reward that a wallet gets is directly proportional to the protection of the network and the duration. Masternodes also need to have a certain amount of tokens as collateral to be part of the Ragnarok network.
RAGNA is the ticker of the Ragnarok cryptocurrency. The founding team of this asset has allocated 30% and 27% of the token's total supply to development and marketing, respectively. The team got rid of 20% of the total supply through coin burning. Coin burning is the process of getting rid of a certain amount of token from the total supply by sending it to a wallet that nobody can access. Ragnarok distributed 20% of the total supply amongst its team.
