Havven
Havven

Havven

Havven is a decentralised payment network and stablecoin. It allows anyone to transact using a stable cryptocurrency.
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About

Havven is a decentralised 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
collateralising the system.

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San Francisco, United States

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