Nav Coin is a dual-chain architecture cryptocurrency and has proven itself reliable over several years, but its has resulted in centralization due to the presence of NavTech processing servers.
NAV Coin entered Indian crypto market on 28 August 2017 and started at an initial price of INR 35.44. It then raised to INR 60.51 on 30 September 2017.
NAV Coin was at an initial price of INR 58.40 on 1 October 2017 and then averaged down to INR 65.49 on 30 October 2017.
NAV Coin was at an initial price of INR 53.86 on 1 November 2017 and then averaged down to INR 55.69 on 30 November 2017.
NAV Coin was at an initial price of INR 68.46 on 1 December 2017 and then averaged down to INR 222.36 on 30 December 2017.
NAV Coin was at an initial price of INR 250.99 on 1 January 2018 and then further slipped down to INR 146.67 on 31 January 2018.
NAV Coin was at an initial price of INR 117.03 on 1 January 2018 and was seen trading at INR 121.98 on 27 February 2018.
Nav Coin’s blockchain is secured by Proof of Stake, which means that if you own Nav Coin and put it in an online wallet, you’ll be rewarded for just holding NAV Coins. The rewards are currently 5% annually, and nearly 40% of all Nav Coins which are sitting in wallets and garnering annual interest as already stated. The reward for staking will decrease in the future to 4%, whenever the Community Fund would be implemented.
The prices fluctuate based on local demand and supply.