While a large fraction of these asset registrations was certainly made by enthusiastic community members, it’s now coming becoming clear that some major players are responsible for the asset creation frenzy as well.
Since the cost of issuing an asset on Ravencoin is permanently burning 500 RVN, Assure Services alone has reduced the circulating supply of Ravencoin by over 350,000 RVN.
The RVN destroyed by Assure Services is valued at approximately $12,500 at the time of writing.
The firm states that it will use these asset names in the coming months to launch tokenized funds and additional blockchain-based services.
We reached out to Assure Services firm for comment and will publish a follow-up article with more details if the management accepts our interview request.