Havven Launches Expression of Interest Period for New Stablecoin Platform

block.news Havven Launches Expression of Interest Period for New Stablecoin Platform

Havven is launching the world’s first token sale for a decentralised stablecoin platform. The expression of interest period is now open with a 30% discount available before the 31st of January, 2018. With no up-front payment required, this is an opportunity to participate in a critical part of the cryptocurrency ecosystem.

Kain Warwick, Founder, said “Havven’s unique approach to a pre-sale provides anyone with an opportunity to participate, simply by submitting their interest.”

The Havven collateral token, called havvens, will be issued in the sale, this is a free floating token with a market driven price. Users can issue stablecoins, called nUSD, against the value of their havven tokens.

One of the biggest problems with cryptocurrency is volatility. Constant fluctuations in price prevent people from using it for everyday purchases. A stablecoin platform will enable the general public to use cryptocurrency for any transaction, we believe this is the future of money.

A dual token system

The Havven platform uses two tokens to achieve stability. The havven token, which will be sold in the token sale, provides the collateral for the platform. Stablecoins, called nUSD, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nUSD for everyday transactions, the value of havven tokens will increase due to the higher fees generated.

Havven: Decentralised and asset backed

Attempts to create digital money before bitcoin, such as e-Gold and DigiCash were collateral backed and centralised. While these collateral backed currencies were simple and stable, they introduced a single point of failure, rendering them non-viable. Bitcoin solved the problem of centralisation but reintroduced volatility through its fixed monetary policy. nUSD is a decentralised cryptocurrency with a stable price, designed for everyday payments. Havven solves both the problem of stability and centralisation.

Stablecoins will enable everyday transactions

Havven is a decentralised stablecoin, which means like bitcoin it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized. Havven can enable anyone, anywhere, to transact with anyone else, creating a true peer-to-peer electronic cash system, and unlocking the full potential of cryptocurrency.

Havven achieves stability by creating a system of incentives to encourage users to stake Havven tokens as collateral to support the stablecoin. Each transaction generates fees that are paid to Havven token holders. As the networks grows, the value of the platform increases and active participants are rewarded with increased transaction fees.

Join in the Expression of Interest

The Expression of Interest period opened on the 8th of January and closes on the 31st January, 2018. By expressing interest before the close date, participants will be eligible for a 30% discount on the token sale price, with no deposit required. The sale begins on the 28th February, 2018.

Register now on the Havven website to participate.

For more information:

White paper




Company name: Havven

Company site: https://havven.io

Company contacts:

Kain Warwick – Founder kain@havven.io

Lucy Lin – Head of Marketing lucy@havven.io

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