Exchanges Resume NAV Deposit & Withdrawal

May 22 · 8 min read

Exchanges Resume NAV Deposits & Withdrawals

After some weeks of having their NAV wallets in maintenance mode, all the major NAV exchanges are now open for deposits and withdrawals again. The network issue which caused the outage was resolved in NavCoin Core 4.6.0 which was released on the 7th of May. It took all of the exchanges some time to test the wallet and restore the service but we are happy to say that they are now functioning nominally again. Binance had an additional delay due to the system wide hack they suffered, but they have now also resumed their service.

Ledger Nano Integration Started

NavCoin Core Contributor mxaddict is proving to be a valuable asset to the NavCoin Development Community. As well as his recent efforts contributing to NavCoin Core and claiming developer bounties, he has started work on a Ledger Nano integration for NavCoin.

NavDroid Package Nearing Completion

NavCoin Community Developers mntyfrsh and caffeine have been working together to refine the NavDroid interface and bundle it into a debian package for distribution. When the debian package is released the NavDroid software will be able to be easily installed on x86 Ubuntu based platforms as well as ARM for ODroid. Other advantages of releasing it as a debian package are that you won’t need to download and flash the whole SD card to get the software working and you can install it onto an existing system without needing to do a lot of environment configuration.

NavCoin Core Progress Report

NavCoin Core has been a hive of activity since the launch of the developer bounty program. There are currently 47 open issues and 10 open pull requests with 4 pull requests merged to master within the last week and a total of 11 pull requests merged to master since the release of 4.6.0 just over two weeks ago.

Community Privacy Vote Concludes

With the recent issues discovered in the Zerocoin protocol, the NavCoin Community initiated a sentiment vote on whether it was better to have transaction amounts cryptographically hidden or remain able to be audited. The ZeroCT protocol as defined in its whitepaper would make the amounts cryptographically hidden to provide stronger anonymity. Some community members are concerned at the lack of auditability hiding the amount creates and fear that even though the cryptography i sound, the implementation could introduce inflation bugs.

NavCoin Africa Meet-Up

Some weeks ago Fuseini Alhassan — also known as cryptoeye — put forward a Community Fund proposal to sponsor a NavCoin Meet-Up and cryptocurrency education session at the Bolgantanga Technical University in Ghana. The proposal passed, cryptoeye received the funding and has since put on the event which was the first NavCoin meet-up to be held on the African continent. The meet-up was a success with a full class of 49 participants attending eager to learn about cryptocurrency and NavCoin. The attendees received airdrops of NavCoin so they could experience how fast and easy cryptocurrency is to use, NavCoin t-shirts and an education seminar on the benefits of cryptocurrencies and NavCoin.

New Exchange Listings

NavCoin is now available on two new exchanges;

Community Fund Projects Update

There is currently 100,000 NAV available in the community fund with 9 pending proposals and just 2 pending payment requests actively being voted on.

All Eyes on Us, Online Marketing Campaign (25,500 NAV)

Beekart wants to create banner advertisement campaigns and articles promoting NavCoin and run them across multiple cryptocurrency related websites.

NavCoin Analysis Article (1,000 NAV)

Natalie, a blockchain writer who wants to write and publish an analysis article about NavCoin.

CryptoGo Video Marketing (60,000 NAV)

CryptoGo wants to create professional promotional videos for NavCoin and publish them online.

Website Optimization and Hosting (3,896 NAV)

Red010b37 to cover the hosting costs of the front end deployment of NavCoin’s public websites and optimize them to reduce the hosting costs.

Investor Brochure (2,000 NAV)

Igor Fridkins wants to create a slick looking brochure to explain the NavCoin project to new investors.

+ More Existing Proposals

To check out the full list of pending proposals and payment requests, visit the community fund page of the block explorer.

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NavCoin Collective

Simple to use cryptocurrency with optional private payments


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We are striving to make NavCoin the most usable cryptocurrency on the planet.

NavCoin Collective

Simple to use cryptocurrency with optional private payments