Review on Haven Protocol by Toprak Dere
About Haven Protocol (XHV)
Haven Protocol (XHV) is one of the successful teams and I really like the name of the coins that I love as Coin.
The Haven Protocol XHV claims to be an untraceable coin, as a mixture of standard market pricing and real-world asset value loading. Haven protocol tries to implement this feature with the "mint and burn" processes running on BlockChain.
Users can burn Haven as much as USD equivalent of Haven Dollars (xUSD). Users can burn xUSD equally for $ 1 worth of XHV. So he can manage as he wishes.
In the cryptocurrency world, "burning coin" means "burn" means sending a usable token to an unusable account. The Burn serves the purpose of keeping the token price stable or increasing by reducing the token supply, preventing token inflation, and creating relative scarcity.
Built on the Monera network known for its privacy feature, Haven promises privacy for its users in the same way. XHV is based on a proof-of-work algorithm and unlike many cryptocurrencies, while producing synthetic assets, Haven follows a "burn" strategy for the coin and thus aims to prevent price fluctuations. Haven explains its purpose as creating a decentralized finance platform where crypto-backed loans and interest-bearing savings accounts can be provided.
Pros
- DeFi ecosystem of private assets.
- Monero privacy
- Zero storage/security costs, available to anyone in the world
- Effortless stacking of the industrial precious metal
- future is bright
Cons
- not listed in most exchanges
