| Fully Diluted Valuation | $788 |
|---|---|
| 24H Trading Volume | $7 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 69.77M |
| Total Supply | 69.77M |
| Max Supply | ∞ |
| Categories | Privacy 3 more |
|---|---|
| Founder | Anonymous |
| Website | havenprotocol.org Whitepaper |
| Socials | 3 more |
| Explorer | Kryfi 1 more |
| Name | Pair | OG Score |
|---|
Haven Protocol is a privacy-focused blockchain that allows users to create and manage private digital assets and stablecoins. It builds on the Monero blockchain to provide secure and untraceable transactions.
Key Features of Haven Protocol
Haven Protocol enables users to create private tokens representing various assets, including fiat currencies and commodities. The main currency is XHV, which is used to generate synthetic assets called xAssets. Users can burn XHV to create Haven Dollars (xUSD), a stablecoin that maintains its value relative to real-world currencies.
Development History
Haven Protocol was started in January 2018 by two anonymous developers aiming to create a private stablecoin. The project faced challenges and was initially limited to testnet. A new team took over, and the mainnet was launched on July 20, 2020, introducing the xUSD stablecoin. Key team members include Dweab (Project Lead), Pierre Lafitte (Product Lead), Neac (Protocol Lead), and Marty (Frontend Lead).
Unique Aspects
The protocol’s “mint and burn” process allows for flexible adjustments to the supply of digital assets while keeping their value stable. This method helps maintain the value of the assets against their pegged counterparts.
Supply of XHV
Haven Protocol has a total supply cap of 18,400,000 XHV. As of early 2021, about 14,531,525 XHV were in circulation. The mining reward for XHV decreases over time, transitioning to a “Tail emission” model to control inflation.
Network Security
The protocol uses a proof-of-work system similar to Monero’s, allowing for mining with standard computer hardware. This ensures the network is secure and private.
Conclusion
Haven Protocol combines privacy and stability by using Monero’s technology and a unique “mint and burn” system. It offers a way to manage private and synthetic assets securely.
Haven Protocol is unique for its use of a “mint and burn” mechanism to create private synthetic assets and stablecoins, ensuring value stability while maintaining user privacy. Built on Monero's technology, it offers untraceable digital assets with real-world value pegging.
Haven Protocol was initially developed by two anonymous individuals but was later taken over by a new team. Key members include Dweab (Project Lead), Pierre Lafitte (Product Lead), Neac (Protocol Lead), and Marty (Frontend Lead).
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