Rakon is a blockchain-based network that aims to connect infrastructure, satellites, and navigation and communication systems in trustless ecosystems without the need for intermediaries. It utilizes smart contracts to power frequency control and timing solutions for various applications such as wireless controls, smart power grids, aviation systems, and more. The vision of Rakon is to enable transparent information flow and efficient collaboration.

RKN is the token that fuels the activities within the Rakon ecosystem. It is used to execute the smart contracts on the network.

Rakon is expected to launch in the fourth quarter of 2020.

Rakon was created by Orbit Network Inc. through its subsidiary Blockchain Development Inc. The project was conceived in the third quarter of 2018 and is set to officially launch in the fourth quarter of 2020.

Orbit Network develops blockchain technology and smart contract products with the aim of increasing usability and driving global enterprise blockchain adoption. The company is also behind other cryptocurrency projects such as Sports and Leisure (SNL), a token pegged to Ether (ETH) that connects traditional and digital sports and leisure industries, and New York Exchange (NYE), which bridges traditional stock and commodity trading with cryptocurrency trading.

Orbit Network operates Orbitex, a platform for trading traditional and crypto assets.

Rakon stands out by integrating blockchain-based smart contract systems into industries that rely on advanced emerging technologies. Its revenue model focuses on becoming a go-to solution for fields like global positioning systems (GPS), telecommunications, defense, space, Internet of Things, and more. It particularly emphasizes integrating smart contracts into frequency control and timing solutions.

After its launch, Rakon's initial use case will be in the telecommunications sector. Orbit Network announced partnerships with firms in the United States, Canada, India, Turkey, and the United Kingdom to enable users to top up their mobile phones using RKN. RKN will also serve as the exclusive asset of its Orbit Network Chain Server.

Rakon expects cryptocurrency investors to recognize the growth potential of RKN and support the project through their purchasing decisions.

Learn about Sports and Leisure, a cryptocurrency developed by the same team behind Rakon.

Learn about Telcoin, another cryptocurrency seeking to revolutionize the telecommunications industry.

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Rakon has a fixed maximum supply of 285,714,286 tokens. RKN was first made available for purchase in April 2019 through an initial coin offering (ICO), where ETH could be exchanged for RKN with a minimum transaction amount of 1 ETH. The project also offers opportunities to earn RKN by promoting it on social media and other internet platforms.

According to its white paper, Rakon has an 85% token distribution plan that will be detailed in an updated white paper. Network fees will be distributed to RKN tokenholders on a pro rata basis each quarter.

RKN is an ERC-20 token, which means 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. Thus, the security of user funds is the responsibility of Orbit Network, which follows strict protocols and completes due diligence to keep its information systems secure.

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

If you're interested in buying RKN or other cryptocurrencies like Bitcoin (BTC), BYDFi provides a simple, step-by-step guide to help you learn about crypto and make your first purchase.

Rakon is a blockchain-based network that aims to connect infrastructure, satellites, and navigation and communication systems in trustless ecosystems without middlemen or intermediaries. The network utilizes smart contracts to power frequency control and timing solutions for various applications, including wireless controls, smart power grids, and aviation systems. Rakon's vision is to enable transparent information flow and efficient collaboration.

RKN is the token that fuels the activities within the Rakon ecosystem. It is used to execute the smart contracts on the network. Rakon is expected to launch in Q4 2020.

Rakon was created by Orbit Network Inc. through its subsidiary Blockchain Development Inc. The project was conceived in Q3 2018 and is set to officially launch in Q4 2020.

Orbit Network develops blockchain-based products and smart contracts to enhance usability and drive global enterprise blockchain adoption. The company is also behind other cryptocurrency projects, including Sports and Leisure (SNL) and New York Exchange (NYE). Orbit Network operates Orbitex, a platform for trading traditional and crypto assets.

Rakon stands out by integrating blockchain-based smart contract systems into industries that rely on advanced emerging technologies. Its revenue model focuses on becoming a go-to solution for GPS, telecommunications, defense, space, Internet of Things, and other sectors. Rakon aims to integrate smart contracts into frequency control and timing solutions.

Upon launch, Rakon's first use case will be in the telecommunications sector, with partnerships in the United States, Canada, India, Turkey, and the United Kingdom. Rakon also expects cryptocurrency investors to recognize the growth potential of RKN and support the project.

Rakon has a fixed maximum supply of 285,714,286 RKN tokens. The initial coin offering (ICO) for RKN started in April 2019, allowing users to exchange ETH for RKN (minimum transaction amount of 1 ETH). The project also offers opportunities to earn RKN through social media promotion and other online platforms.

According to the white paper, Rakon has an 85% token distribution plan, which will be detailed in an updated white paper. Network fees will be distributed to RKN tokenholders on a pro-rata basis each quarter.

RKN is an ERC-20 token, relying on the Ethereum blockchain network for transaction verification and processing. Ethereum uses a proof-of-work consensus algorithm, requiring miners to compete for block addition, and network nodes must confirm records for posting.

RKN transactions are secured by the decentralized Ethereum blockchain. However, the security of user funds also falls under the responsibility of Rakon's founding company, Orbit Network, which follows strict protocols to maintain information system security.

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

If you're interested in purchasing RKN or other cryptocurrencies like Bitcoin (BTC), BYDFi provides a simple, step-by-step guide on crypto and how to buy your first coins.