Navio Status Report
Navigators!
After a full year of updates, changes, and plenty of excitement, it’s time for a quick vibe check. Let’s see exactly where Navio stands.
New Identity
From Navcoin to Navio, we’ve embraced a new look and identity to match our blockchain vision. You can read all about the rebrand in this article, or check out our new website to get a better picture. What hasn’t changed, however, is our mission to make private transactions accessible to everyone. And remember, ‘transactions’ aren’t just about finances anymore. We’re building a broader platform for anonymous exchanges of all kinds.
In a nutshell, we believe privacy is a fundamental right, and each individual should have the power to uphold it — no matter what external regulations may exist.
These are only official socials (don’t get fooled by impersonators): X, Discord, Telegram, Medium. We’re exploring more platforms soon, provided we can keep those communities active and engaged.
New Blockchain
The rebrand isn’t just cosmetic — it’s also tied to our shift from a Proof-of-Work model to a Proof-of-Private-Stake (PoPS) blockchain.
PoPS means private staking at its core, with anonymous stakers, staked amounts, and obfuscated metadata to further protect stakers’ identities. It also introduces the ability to mint private NFTs and tokens on-chain, plus a powerful bridging feature that grants any token from external chains the same level of privacy once it’s on the Navio blockchain.
We’re also simplifying our token ecosystem. Of the three tokens previously on Navcoin, we’re keeping only one, $NAV, and it will be fully private by default. That’s right: one token, total privacy.
All Around the Chain Migration
We are currently in the testnet phase, conducting thorough testing to ensure everything is solid. Once this phase is complete, we’ll move on to rigorous stress testing. And when everything is confirmed to be running smoothly, we will proceed with the mainnet launch. Once the mainnet is live, we’ll publish a detailed article explaining how NAV holders can swap their tokens. No one will be left behind.
For long-time Navcoin community members: we used to have a DAO fund. On Navio, the old DAO will be closed, but we still encourage everyone to drop by our Discord and share project ideas. Promising, well-structured proposals that align with our community values may receive funding.
In parallel, we’ll be rolling out our Navio blockchain explorer, where anyone can look up data like circulating supply and block status. We also already have two wallets, Navio Core and Navio X, which will support holding and staking $NAV, NFTs, and tokens.
Let’s go over some FAQ:
What will happen to $NAV after the switch?
Don’t worry — your $NAV won’t be lost. You’ll be able to swap it for Navio tokens on a 1:1 ratio, and any unswapped tokens will be sent to a burn address (making them permanently unusable). We’ll provide a detailed how-to guide once mainnet is live.
How will I be able to stake my $NAV?
Easy, we’ve got this tutorial for you.
Where will I be able to buy $NAV?
On centralized exchanges like MEXC, Bitexlive, NonKYC, and StakeCube, as well as decentralized ones like PancakeSwap and KomodoDex. Once mainnet is up and running, it will also be integrated into BasicSwapDEX.
Are the coins for the new chain pre-mined, and who controls them initially?
Yes, the Navio genesis block will premine the total supply plus newly generated coins during the swap period. Initially, these premined Navios are under the control of the entity who mines the genesis block and will be used to stake and secure the network. Once users begin claiming their $NAV by swapping their old coins, they’ll start taking over block generation themselves.
Is there going to be a snapshot? What happens to coins sent to the public Navcoin address?
There won’t be a snapshot. All old coins will remain valid for swapping until the swap period ends. After the swap period closes, any unclaimed coins will also be sent to a verifiable burner address, ensuring they’re removed from circulation.
So, Why Navio?
Navio is a tool for anyone who values complete control over their data’s privacy. By default, it ensures no metadata leaks, guaranteeing total anonymity. Being fully open source, all our code is transparent and verifiable — no hidden tricks. Our privacy runs on BLS Signatures for efficient, compact verification and Pedersen Commitments to conceal transaction amounts, which minimizes on-chain overhead and preserves trustless integrity for all participants. Transactions on Navio are not only secure but also fast and cost-effective, and thanks to this PoPS architecture, the chain is censorship-proof and immune to blacklisting.
Simply put, we offer a robust privacy-focused blockchain that rivals the strongest contenders in the space, all while providing you with a straightforward, efficient, and trustless experience.
We believe a growing number of people share these ideals, which is why we co-founded the Private Finance Syndicate in collaboration with LunarDAO. We will always be here for those who are seeking the very best in privacy and freedom.
