Rakon (RKN) Price

Rakon (RKN) is a blockchain-based network that connects infrastructure, satellites, and navigation and communication systems in a trustless ecosystem that does not depend on intermediaries. The Rakon ecosystem uses smart contracts to trigger frequency control and offers timing solutions for devices such as wireless controls, aviation systems, smart power grids, and other applications.

Rakon seeks to enable transparent information flow and collaboration on the blockchain. The native currency of the Rakon network is RKN and it is used to power the activities of the ecosystem. RKN is also used as the gas fee to execute smart contracts that operate on the Rakon network.

Features and update

Rakonis designed to integrate blockchain-based smart contract systems into industries that rely on highly advanced technology. Rakon network prides itself on the safest and the most efficient way to create, send, receive, store, and trade cryptocurrency from anyone and anywhere in the world. RKN is creating reliability and delivering sustainable, highly reliable, and performance-oriented products that are customer-centric.

Rakon is positioning itself as a go-to solution for fields of global positioning systems also known as GPS, defense, space, internet, telecommunication, the internet, and several other sectors.

Rakon (RKN) team

Rakon was created by Orbit Network Inc. a network that develops products that use blockchain technology and smart contracts to increase the adoption of blockchain for global enterprises and improve its usability. Rakon was created through Orbit Network Inc subsidiary Blockchain Development Inc. 

The company is notable for other crypto projects like Sports and Leisure (SNL), a token pegged to Ethereum (ETH), that is designed to seamlessly connect traditional sports and leisure industries. It is also behind New York Exchange (NYE), a platform that seeks to bridge traditional stock and commodity trading with crypto trading. The network also operates a platform for trading both traditional and crypto assets known as Orbitex.