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2018-02-28 - 2018-03-06
Havven is a distributed monetary system and stablecoin.Havven connects collateral holders with those requiring a stable cryptocurrency, enabling an incentive-based market for stability. Collateral holders are rewarded for staking the system as users transact in the stablecoin.Whereas competing attempts at stable cryptocurrencies typically use real world collateral such as gold or USD, Havven utilises the value of the system itself. There are two tokens in the system: havvens (HAV), the collateral token; and nomins (NMN), the stablecoin. We initially establish the value of the system through a token sale. This sets a market value for each havven, and, thus, for the value of the system as a whole. Havvens are then used as the collateral that backs the issuance of nomins. This has significant advantages over using gold or USD as collateral. For example, we avoid the possibility of the collateral being lost or stolen, since it is distributed across the network. The value of havvens and the system as a whole is derived from the fees the system generates when users transact in nomins. These fees are incentives for users to issue nomins and hold havvens, and they will grow as the system proves stable over time.The Havven sale, like the project, has been designed to achieve fair outcomes for all participants, and will accept ETH and BTC.The two key objectives are: a wide distribution of tokens and a sufficient pool of collateral value to back the stablecoin. The sale is scheduled to begin in February 2018—the specific date will beannounced shortly.Havven is an open source protocol designed to act as a public good. The promise of crypto is in the ability to create fair and open economic systems, and we have designed Havven in line with this.
Havven ICO Review & Analysis:
“Havven is a decentralized payment network designed to enable everyday cryptocurrency purchases.
The network utilizes a dual token system to reduce price volatility. The fees from transactions within the system are used to collateralize the network. The collateral is secured by the blockchain enabling the creation of a new asset-backed stablecoin, nomin tokens. Each transaction will generate fees that are paid to havven token holders. As transaction volume grows, the value of the platform increases and active participants are rewarded with increased transaction fees.
This permissionless, low-fee, and stable payment network will enable anyone anywhere to transact with anyone else. Join us in creating the future of money.”