Decentralized peer-to-peer payment network and a price-stable token
Price on ICO
Feb. 28, 2018
Mar. 6, 2018
1 HAV = 0.5 USD
ICO is over
Talking about cryptocurrency advantages we surely name security, reliability, simplicity, but not stability, because nowadays cryptocurrency market volatility is obvious for everyone. There were several attempts to add this characteristic to cryptocurrency. Havven is aiming to do it by a dual token system, and as a result, their decentralized payment network will open the market of everyday cryptocurrency purchases.
Here’s how it works:
The first token called Nomin will have a stable price, similar to fiat money. The second token called Havven (ERC-20 token) is used as a collateralization mechanism for Nomins. Transactions in the ecosystem will be performed by using Nomins. For each transaction, you will have to pay a fee to Havven token holders. This way the fees from transactions will be used to collateralize the network. The more fees are paid the more Nomins can be issued, value of the platform increases and active participants are rewarded with increased transaction fees. The ICO will define the initial value of the Havven pool, and therefore – the maximum supply of Nomins.
100 million Havvens will be created, 60% of them are to be sold during ICO. Most of the funds will be spent for network development and market adoption of the payment network. Team member tokens will be locked up for two years, and tokens of advisors – for one year.
In general, the core team has serious experience in development and deploying systems for cryptocurrency purchases in Australia and consists of developers, marketing, and project managers. The project’s founder and CEO Kain Warwick, who is also a co-founder and CEO of Blueshyft, has built the largest cryptocurrency payment platform in Australia with tens of millions transactions. The company’s CTO Justin Moses also serves a Director of Engineering at MongoDB, a distributed database organization.
Though the team is quite strong, most of the team members work for two or more projects at the same time, that can lead to a lack of attention to the project development. Among disadvantages we’d also mention unclear business and financial roadmap and uncertain plan of the platform adoption on the market and target audience. Anyway, Havven tokens may become interesting for speculative investors. Talking about advantages we’d highlight freezing period for the team and advisors funds, and the idea itself. If it shoots the effect may spread on other markets making the project perspective quite bright.
Many dream about stable cryptocurrency market. Havven suggests a new two-token approach to reach that stability and make cryptocurrency as usual as everyday purchases with fiat.
Havven is a decentralised payment network designed to enable everyday cryptocurrency purchases. The network utilises a dual token system to reduce price volatility. The fees from transactions within the system are used to collateralise 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.
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