What is Havven?

"Havven is a decentralized payment network where transaction fees are collected from users of the network. These fees are allocated to collateral token holders, which is where the collateral token derives its value.

There are two tokens in the system: havvens, the collateral token; and nomins, the stablecoin. Nomins are backed by havven tokens, as nomins can only be issued by locking havvens into a smart contract. Against the value of havvens a fraction of nomins can be issued, which ensures the network is overcollateralised and is resistant to price shocks.

We establish the initial value of the system through a token sale. Because there are no transactions yet, participants in the sale are predicting the value of the Havven network factoring in some risk premium. Collateral tokens are purchased on the basis that if the network grows and transaction fees increase, the value of the collateral token will increase and users will be rewarded for collateralizing the system."

-Havven.io
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General

TICKER SYMBOLS
HAV
ICO / CROWDSALE
February 28, 2018 @ 08:00 PM - February 28, 2018 @ 09:44 PM
FOUNDER
Kain Warwick

Technical

TOKEN
Ethereum ERC20 Token
MONETARY POLICY
Maximum Supply (100,000,000 coins)
PRE-MINED / RESERVED
Yes (40,000,000 coins)
MINEABLE / STAKEABLE
No

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