Havven : A Decentralized Payment Network and Stablecoin
May 4, 2018
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6:23Now PlayingHavven : A Decentralized Payment Network and Stablecoin
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What is Havven & What Problem Does It Solves?
Havven is a decentralised payment network and stablecoin designed to enable everyday cryptocurrency purchases. It essentially looking to help provide a stable way to use crypto since there is a lot of volatility in the market.
The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens, a stablecoin, 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 nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.
Havven is a totally decentralised stablecoin, which means that, 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.
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