RAKON

Rakon (RKN) is a cryptocurrency launched in 2019 on the Ethereum platform. It was created to connect infrastructure, satellites, and navigation systems in trustless ecosystems, focusing on highly secured, synchronized, and fast transaction systems. The project's primary objective is to facilitate effective collaboration and transparent information flow for its users.

Rakon's initial coin offering (ICO) took place in April 2019, allowing users to exchange Ethereum (ETH) for RKN tokens. The minimum transaction amount for the ICO was 1 ETH.

Rakon has a fixed maximum supply of 285,714,286 tokens. The project has an 85% token distribution plan, which will be detailed in an updated white paper. Network fees are distributed to RKN token holders on a pro-rata basis each quarter.

Rakon is an ERC-20 token, relying on the Ethereum blockchain network for transaction verification and processing. Ethereum uses a proof-of-work consensus algorithm, ensuring the security of user funds. Additionally, Rakon's founding company, Orbit Network, follows strict protocols to maintain information system security.

Rakon is listed on several smaller cryptocurrency exchanges, including Cat.Ex, CREX24, ProBit, and STEX, and can be traded against ETH and the stablecoin Tether (USDT).

Rakon's price history has been erratic, with significant highs and lows. The token's all-time high (ATH) was $0.7739 in November 2021. As of June 2024, the price stands at $0.09340, with a change of -17.68% in the last 24 hours. Despite this, the token is predicted to increase by 41.78% by the end of 2024.

Rakon tokens have various use cases, including topping up mobile phones in specific countries, serving as an exclusive asset on the Orbit Network, and incentivizing users who contribute to the protocol. Investors can also use the token for short and long positions, though the price is quite volatile.

Rakon is a product of Orbit Network Inc., which was created in 2018 and officially launched in 2020. Orbit Network aims to drive global enterprise blockchain adoption and is also behind other crypto projects like Sports and Leisure (SNL) and Orbitex.

Rakon (RKN) is a blockchain-based cryptocurrency that operates on the Ethereum network as an ERC-20 token. Here's a detailed overview of how it works:

Rakon has a fixed maximum supply of 285,714,286 tokens, with a circulating supply of 242,857,143 RKN. The token distribution plan includes an initial coin offering (ICO) and opportunities to earn RKN through social media promotion and other online platforms.

Rakon relies on the Ethereum blockchain network for transaction verification and processing. Ethereum uses a proof-of-work consensus algorithm, where miners compete to add new blocks to the blockchain, and a majority of network nodes must confirm a record for it to be posted. While RKN transactions are secured by the decentralized Ethereum blockchain, the token's ERC-20 contract on Ethereum is controlled by its issuer, Rakon's founding company Orbit Network, which is responsible for the security of user funds.

Rakon aims to connect infrastructure, satellites, and navigation and communication systems in trustless ecosystems without middlemen or intermediaries. It employs smart contracts to power frequency management and timing solutions for devices like smart power grids, wireless controllers, and aviation systems. The major objective is to facilitate effective collaboration and transparent information flow for its users.

Rakon is listed on several smaller cryptocurrency exchanges, including Cat.Ex, CREX24, ProBit, and STEX, where it can be traded against ETH and the stablecoin Tether (USDT). Users can buy RKN using credit or debit cards, and the buying process is fast and risk-free.

The RKN token serves as the native currency within the Rakon ecosystem, facilitating transactions and incentivizing users to engage with the platform. It can be used for various purposes such as paying for transaction fees, participating in governance votes, and accessing exclusive features.

The token Rakon (RKN) has several strengths that contribute to its potential value and adoption:

1. Decentralized Infrastructure: Rakon is a blockchain-driven platform designed to create a decentralized infrastructure for the internet of things (IoT) network, allowing devices to interact in a completely decentralized and distributed manner.

2. Native Token: RKN plays a crucial role in maintaining and operating the network, which gives it inherent value.

3. Limited Supply: Rakon has a fixed maximum supply of 285,714,286 tokens, which can help maintain token scarcity and potentially drive up demand.

4. Ethereum-Based: As an ERC-20 token, Rakon relies on the Ethereum blockchain network for transaction verification and processing, leveraging the security and reliability of the Ethereum network.

5. Community Engagement: Rakon offers opportunities to earn RKN by promoting it on social media and other internet platforms, fostering community involvement and potential growth.

6. Diverse Use Cases: The network uses smart contracts to power frequency control and timing solutions for various applications, including wireless controls, smart power grids, and aviation systems, which can lead to a broad range of use cases and adoption.

These strengths collectively contribute to Rakon's potential as a valuable and widely adopted cryptocurrency.

Rakon (RKN), a blockchain-driven platform for the internet of things (IoT) network, carries several financial risks. These risks are primarily assessed through various analytical tools and market indicators.

Rakon has been assigned a high risk score by InvestorsObserver due to recent price volatility and changes in volume and market capitalization. This score indicates that the token is susceptible to significant price manipulation with relatively small amounts of money, making it a high-risk investment.

Historically, Rakon has faced significant supply chain risks, which required month-to-month management of raw materials and parts to meet orders. Although the company has made progress in mitigating these challenges, the rapid emergence of the Omicron variant of Covid-19 posed new challenges to production, highlighting the ongoing risks associated with supply chain disruptions.

Rakon's price is also influenced by broader market trends and the adoption of cryptocurrencies. As the crypto market continues to evolve, Rakon's value is expected to be impacted by these external factors. For instance, a surge in adoption is anticipated to drive up the price of RKN, while market downturns could negatively affect its value.

Technical analysis tools such as moving averages, relative strength index (RSI), and volume indicators are used to predict potential price movements. These indicators can signal overbought or oversold conditions, helping investors make informed decisions about RKN.

Overall, Rakon's financial risks are multifaceted, encompassing both internal supply chain challenges and external market factors. Investors should carefully consider these risks when evaluating RKN as a potential investment opportunity.

• Dr. Sinan Altug: Chief Executive Officer, overseeing the overall strategy and direction of Rakon.
• Brent Robinson: Chief Technology Officer, responsible for the technology and innovation behind Rakon.
• Drew Davies: Chief Financial Officer, managing the financial aspects of the project.
• Darren Robinson: Chief Marketing Officer, leading sales and marketing efforts.
• Cliff Hand: General Manager Operations, responsible for the performance of the New Zealand business unit and global strategic initiatives.
• Arun Parasnis: Managing Director, Rakon India, overseeing all business functions in India.
• Margo Thomas: General Manager, Global People and Capability, responsible for global Human Resources strategy and policies.