$ 0.9945
4 years ago
(-0.01%)
Havven is a blockchain-based project that developed a P2P payment ecosystem and a stable price token. Havven project aims to solve the bitcoin issue of high price volatility through the issuance of tokens against a shared collateral pool making use of three systems. The Static Foundation Issuance is the issuance of nominees against the value of Havvens up to a static ratio. The second system, Dynamic Market Issuance is the issuance of nUSD that has a controller or decentralised exchange to safeguard that the new liquidity is placed straight into the market at 1$ per nomin. Finally the third system, Multi-Currency is the foundation plans to allow the issuance of different types of nomins.
Havven uses a dual-token mechanism to provide stability: HAV, the collateral token, and nUSD, the stablecoin.
The value of nUSD is kept stable by HAV holders, who are incentivised through transaction fees to provide confidence that each nUSD token is fully backed by HAV tokens locked in a smart contract.Here are the new names for the various aspects of our system:
Try our free Nomin USD (NUSD) portfolio tracker if you want to efficiently keep track of your NUSD and other coin/token investments.