Havven is a decentralised payment network designed to enable everyday cryptocurrency purchases. The network utilises a dual token system to reduce price volatility. The fees from transactions within the system are used to collateralise the network. The collateral is secured by the blockchain enabling the creation of a new asset-backed stablecoin, nomin tokens. Each transaction will generate fees that are distributed to havven token holders. As transaction volume grows, the value of the platform increases and active participants are rewarded with increased transaction fees. This permissionless, low-fee, and stable payment network will enable anyone anywhere to transact with anyone else. Join us in creating the future of money.
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 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 will allow anyone, anywhere, to transact with anyone else, creating a true peer-to-peer electronic cash system, and unlocking the full potential of cryptocurrency.