Ravencoin  is a cryptocurrency and peer-to-peer network launched on January 3, 2018. With the help of a strong and growing community, a team of developers designed the open-source project on the X16R fork of the Bitcoin code. Ravencoin features four key changes from its predecessor: a 21-billion RVN coin supply; an issuance schedule with block rewards of 5,000 RVN; 1-minute block times; and an Application-Specific Integrated Circuit ( ASIC )-resistant mining algorithm. X16R disrupts the order of the hashing algorithms and makes Ravencoin more difficult to mine with centralized ASIC hardware than CPU/GPU miners. Developers intended the project to have a fair launch with no Initial Coin Offering (ICO) , premine, or airdrops.
Once fully implemented, Ravencoin will feature a blockchain  that will handle intra-party asset transfers optimized for the use case of transferring assets such as tokens from one holder to another. Developers released an asset-capable digital wallet on August 28, 2018. Still in testing phase, the blockchain is scheduled to launch on October 31, 2018. Binance announced that it will list Ravencoin in October 2018.