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Haven Protocol (XHV)

Haven Protocol (XHV)

favicon Haven Protocol (XHV) havenprotocol.com
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Haven Protocol: Untraceable payments meet offshore banking.

The Haven Protocol (XHV) is a fork from the Monero blockchain. It has the same fungibility allowing users of the Haven to keep this savings unconnectable to them. The makers of Haven had the goal of making a coin that would allow people that wanted to store their value in a stable way, avoiding the volatility associated with cryptocurrencies. The idea is a crypto with the desirable stability of a fiat built inside. Check out their website for exchanges and much more info on this new interesting crypto.
Haven accomplishes its goal with a smart contract and what they call "Offshore Storage". If you put 1000 XHV into Offshore storage when XHV is worth $1 per XHV the smart contract will maintain that $1000 fiat value through a process called "mint and burn". By placing your XHV in offshore storage your $1000 fiat value is safe while people who did not store there XHV offshore are still exposed to market fluctuations.

If XHV is worth $4 per XHV when the offshore storage of $1000 fiat stored in 1000 XHV is withdrawn, then 750 XHV will be burned and the user will still have their $1000 value in 250 XHV. Stored at a loss but a safe $1000 that no one can identify as yours. IT is like a Swiss bank account, but it is everywhere. If XHV had dropped to $0.25 per XHV at the time of withdrawal the smart contrast would mint 3000 XHV supplying the user with 4000 XHV worth $1000.
Start: 2/21/2018 That's my B-day too!
Algorithm: CryptoNight Heavy
Proof: PoW
Twitter: @HavenProtocol
Market capitalsation > 20 M$
Languageinternational, english
Market Price
Monitored since2100 days
Accepted countries All
They use Haven Protocol (XHV)
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