NAV NAV Price

What is NAV (NAV)?

Navio ($NAV) is the native token of the Navio ecosystem, a privacy-focused cryptocurrency operating primarily on the BNB Chain, rebranded from NavCoin, which was originally launched in 2014. With a total supply of approximately 77 million tokens, $NAV powers a decentralized platform designed for fast, reliable, and optionally anonymous transactions. 

Unlike many cryptocurrencies, Navio offers users the choice to conduct standard or private transactions, with its privacy feature enabled through a unique subchain called NavTech. This subchain uses layered encryption and token mixing to dissociate transactions from sender accounts and IP addresses, ensuring untraceable transfers when desired. 

The ecosystem includes xNAV, a privacy coin convertible 1:1 with $NAV, built on the blsCT protocol, which merges signatures for enhanced anonymity, and wNAV, a wrapped version for use on Ethereum and other chains. $NAV holders can stake tokens to validate the network, earning rewards, and participate in governance as part of a fully decentralized autonomous organization (DAO), voting on proposals without centralized control. 

The platform’s open-source nature, led by Encrypt S Ltd. and a community of contributors, fosters regular updates and transparency, though the small user base—about 1,000 wallets hold nearly 80% of tokens—suggests room for broader adoption. Navio’s emphasis on usability, privacy, and community-driven development makes $NAV a compelling asset for those seeking financial autonomy in Web3.

What is unique about NAV (NAV)?

$NAV enables optional anonymous transactions via NavTech’s subchain and xNAV’s blsCT protocol, offering privacy without mandating it, with staking rewards and DAO governance for a user-controlled ecosystem on BNB Chain.

Who are the founders of NAV (NAV)?

The founder of Navio (formerly NavCoin) is Craig MacGregor, who serves as Lead Engineer and CEO of Encrypt S Ltd., guiding its development since 2014.

Who are the backers/investors of NAV (NAV)?

Navio operates as an open-source project without explicit institutional backers, supported by Encrypt S Ltd. and a community-driven DAO, with no pre-mining or ICO for fair distribution.