Cryptocurrencies were created as an alternative to the fiat money controlled by centralized authorities. Though currently regarded as a great way to store value, digital currencies are mostly useless in everyday transactions. Due to high day-to-day volatility and unaffordable transaction costs, digital coins in their current form cannot act as a credible unit of account or a means of payment.
Havven has created a decentralized payment network with a stable and predictable digital asset that will perform all the critical functions of traditional money. It will allow people to use cryptocurrency in their everyday life without worrying about volatility and day-to-day exchange rate fluctuations.
The Havven platform carries two types of tokens: nomins (stabilized exchange tokens to be used in everyday transactions) and havvens (reserve tokens that serve as a collateral and back nomins).
Havven employs a stablecoin model. It means that participants will be able to release 20% of the total value of havvens into the system as nomins, with an 80% buffer of collateral value to ensure stability within the system. When someone buys nomins and uses them in a transaction, the system collects a small fee and distributes it among the havven token owners, proportional to their holdings. Thus, users are rewarded for holding the reserve tokens to maintain the system’s stability.
The Havven ICO will run from February 28 to March 6, 2018. There are only 60 million tokens available for sale, with the total supply is limited to 100 million. If you are interested in the project, you may apply for inclusion in the airdrop campaign that will take place from February 4–14, 2018. It looks set to be one of the largest campaigns of this kind, with a total value of up to $1 million.
Additionally, you can also register your expression of interest (open until January 31, 2018) and secure a 30% discount on the Havven token sale.