What is Havven (HAV)?
Future of HAV Cryptocurrency and know how to buy HAV

#1 – What is Havven?

Havven: The Basics

  1. Havven is a cryptocurrency which aims to solve the problem of volatility and fluctuations in the value of crypto tokens in an effective way.
  2. It is a peer-to-peer payment platform on the blockchain which allows decentralized transactions in a stable ecosystem. Havven achieves this stability by utilising two tokens in tandem wherein one would absorb the price changes for both the tokens.
  3. “Havven (HAV)” is the token which provides collateral to the network (i.e., absorbs the changes for both itself and the stable coin).
  4. “Nomin” is the stablecoin used in the Havven ecosystem, which is pegged at a value of $1. This coin would be used to make the transactions and the platform would charge a small transaction fee for each payment made.

Havven Development

  1. The Havven website lists a team of 16 members and an advisory board consisting of 14 members.
  2. Heading the team is founder Kain Warwick, who built Blueshyft, Australia’s largest cryptocurrency payment platform before starting Havven. CTO Justin Moses was the Director of Engineering at MongoDB prior to joining Havven.
  3. Jordan Momtazi is the VP of Partnerships at Havven and has extensive experience in business development and sales in the online payments sector, having worked before at PayPal. Blockchain lead Samuel Brooks is an electrical and software engineer, and an expert in blockchain technology, having won the Consensus 2017 Hackathon.
  4. Other team members include Head of Product Charlie Karaboga, Senior Architect Clinton Ennis, Graphic Designer Zoe Archer, Blockchain Engineers, Full-Stack developers and others.
  5. Havven’s advisory board includes Doc.Ai CEO Walter De Brouwer, ZK Labs founder Matthew Di Ferrante, Blockasset Managing Partner Renqi Shen, Direct Money CEO Antony Nantes and other influential personalities.

 

#2 – What are the advantages of Havven?

Havven Technology

  1. The ecosystem essentially involves the Nomin users paying Havven holders for stabilising and collateralising the system. Transaction fees for the use of Nomin go to Havven holders depending on their contribution to the stability of the Nomin token.
  2. In order to issue Nomins, Havven token holders must place some of their HAV tokens in an escrow account. This is called a “distributed collateral pool”.
  3. The system works in such a way that the total value of Havven in escrow is always more than the value of Nomins in use.
  4. The Havven platform incentivizes the users who provide collateral and thus helps in issuing Nomins on the basis of their contribution to the network. This reward is usually based on the transaction fee as well as the user’s contribution to the stabilization.
  5. If you wish to access the escrowed Havvens, the network would have to destroy the Nomins which are equivalent in value. For this, you will be required to buy back the Nomins you have issued by escrowing the Havvens at the price of $1 per Nomin. As soon as the escrowed Havvens are taken out, these Nomins are destroyed and taken out of circulation.
  6. The Havven system cannot use the market value of the token to make internal calculations regarding how many Nomins must be issued. Rather, the platform pegs its own internal value to the token.
  7. Initially, when the demand for Nomins is low, this value is to be calculated based on a seven-day rolling average for both Nomins and Havvens.
  8. As the popularity of the Nomin token increases, however, the value of Havvens will be decided based on the transaction fees it’s likely to generate in the future. This value will hence allow the rewards to reflect directly on the Nomin circulation volume.

 

#3 – How to buy and store Havven tokens (HAV)?

How to buy HAV

Despite having been around only a few months, the HAV token is already available for exchange in 10 platforms (as of July 2018) for various cryptocurrencies. The exchanges include KuCoin, Qryptos, ForkDelta, Gate.io and others, which accept mainly either Bitcoin or Ether or both.

Gate.io and KuCoin also accept Tether and Qryptos accepts QASH, but none of the exchanges accepts any fiat currency yet.

  1. These are just platforms where you can buy or sell HAV tokens, but help is often needed to decide which one to buy from. This help is what CoinSwitch, one of the best cryptocurrency exchanges provides, by displaying the prices at the exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with your HAV token, and CoinSwitch will help you decide the best one for you!
  2. What’s more - with CoinSwitch, you need not rely on wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

HAV Storage

  1. Havven is on the Ethereum blockchain, so the HAV token can be stored in any of the numerous wallets compatible with Ethereum.
  2. Hardware wallets are the most secure, and Ledger Nano S as well as Trezor work for ERC20 tokens.
  3. Exodus and Mist are desktop wallets for which store Ethereum and tokens on its blockchain. It is compatible with Windows, Linux and Mac operating systems.
  4. Jaxx, another Ethereum wallet, functions as a desktop wallet for Windows, Linux and Mac PCs, a mobile wallet for Android and iOS phones, as well as a web wallet through Chrome and Firefox extensions, making it one of the most versatile wallets around.
  5. MyEtherWallet is its most popular Web wallet, and ETHAdress is one of the paper wallets storing ERC20 tokens.

 

#4 – What is the future of Havven?

Also Read: Complete Analysis of Havven | Live Havven (HAV) Price Charts And Predictions

Market Cap and Global Acceptance

  1. The HAV token ICO was conducted in February 2018, earning $30 million through the sale of 60 million tokens.
    1. The total maximum supply of the Havven tokens is 100 million HAV, which are distributed as below:
    2. 60% (60 million) were sold in the ICO
    3. 20% (20 million) went to the Havven team and advisory committee
    4. 3% (3 million) were kept for bounties and marketing incentives
    5. 5% (5 million) tokens were kept for partnership incentives, and
    6. The remaining 12% (12 million) were given to the foundation.
  2. The circulating supply of the HAV tokens is about 63.28 million, and it has a market cap of about $14.094 million with an individual price of $0.22 as of July 2018.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 24, 2018

0.227015

0.227442

0.217528

0.226496

5,56,561

1,43,66,000

Jul 01, 2018

0.314988

0.318401

0.297879

0.299029

7,19,143

1,96,44,300

Jun 01, 2018

0.505901

0.527316

0.484906

0.501875

9,73,426

3,08,32,600

May 01, 2018

0.529197

0.529197

0.468563

0.497286

6,89,647

3,20,01,000

Apr 01, 2018

0.355707

0.364422

0.315185

0.340841

1,97,242

2,14,40,500

Mar 14, 2018

0.454052

0.53205

0.426117

0.4807

12,03,240

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Trends so far

  1. The Havven cryptocurrency is fairly new - only having launched in 2018., making it nearly impossible to predict its trends. From its initial value of about $0.48 in March 2018, it increased to a maximum of about $0.77 in May 2018, later reducing to a minimum of $0.21 in early July 2018. Its price is $0.22 per HAV token as of July 2018.
  2. The token’s moderate circulating supply combined with its relatively low individual price puts it at a low rank among cryptocurrencies worldwide in terms of market cap. Considering how new the coin is, however, its ranking of 369 as of July 2018 is not too low.
  3. The low rank of the Havven token (HAV) may be discouraging, but it shouldn’t be the only factor indicative of the cryptocurrency’s worth or future potential. The platform aims to solve the problem of cryptocurrency volatility in an effective way, which should indicate a bright future for the token.

 

#5 – What makes Havven different from other cryptocurrencies?

  1. Although attempts have been made in the past to reduce or prevent the volatility of a cryptocurrency altogether, they have not been too successful or effective. Havven has a different approach to the issue, which makes it unique.
  2. Another thing that sets this cryptocurrency apart from its counterparts is the fact that it does not depend on outside entities to provide collateral, unlike the MakerDAO system which uses Ethereum to keep its value constant or the DigixDAO system which uses physical gold stored in a vault.

 

#6 – Should you invest in HAV?

  1. Cryptocurrencies were first introduced to the world as an alternative mode of payments; a method to make transactions trustless and secure through decentralization, but one thing no one could predict was how volatile the value could get.
  2. Havven removes this barricade which was preventing the usage of cryptocurrencies for daily payments and transactions by providing a unique method to keep it stable.
  3. It has a low ranking as of July 2018, but it was launched only a few months prior and is still developing. It exhibits some potential, made better by an impressive team and advisory board.
  4. Havven also has the benefit of an attractive incentive system as reward for holding a token which serves as collateral. All this should make Havven an interesting investment option, although you may not get significant returns in the short term and should do your own research before you dive in.
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