Haven price is $0.08037400
As of today, Haven (XHV) is priced at $ 0.08037400 and has seen a +1.50% change in value over the past 24 hours.
Haven is a unique kind of cryptocurrency that blends the volatility of standard market pricing with the stability of fiat currency value storage. It accomplishes this via an in-built on-chain smart contract which governs the minting and burning of coins. The system maintains a cryptographically unknown supply of coins, which allows for value storage for users who opt to send their coins to offshore storage contracts. At the same time, it exposes other users to the innate price movements inherent in the cryptocurrency market.
Haven is the outcome of a concerted effort from a dedicated team of developers and cryptocurrency enthusiasts. Comprehensive data regarding the creators is difficult to find, given the privacy-focused nature of this decentralized and open source project.
The cornerstone of Haven's operation is its Offshore Storage, an in-built smart contract. In essence, sending Haven to Offshore Storage records a reference to the current fiat value on the blockchain that can be later restored back into Haven by minting new coins, basing it on the current fiat value. This provides a reliable way to maintain value through price fluctuations, turning the act of holding Haven coins akin to storing value outside of the traditional banking system.
Haven leverages ring signatures, ring confidential transactions, and stealth addresses to make payments untraceable and unlinkable to any user. Wallet addresses and transaction amounts are entirely obfuscated on the Haven blockchain, rendering all activity invisible. Furthermore, it has applications in point of sale/payment gateway systems, where a business can accept Haven and immediately lock in the fiat value, protecting from price volatility and maintaining privacy by keeping wallet addresses and amounts hidden.
Haven's Offshore Storage concept is a unique proposition in the world of cryptocurrencies. It caters to users looking for privacy-focused ways of storing large amounts of money outside of the traditional banking system while still maintaining the value of their assets. It's worth noting that when Haven is sent 'Offshore', it essentially disappears until retrieved, at which point the priorly locked fiat value remains intact.
The supply of Haven is cryptographically unknown, and therefore the total supply isn't quantifiable in specific figures. Haven's supply is influenced by the network's smart contract protocols which govern the minting and burning of coins for the purpose of maintaining fiat value stability for Offshore Storage users.
As of the latest data, Haven has a market capitalization of $ 3.2M making it rank #2065 in the world of cryptocurrencies.
Haven currency can be bought and sold through a variety of cryptocurrency exchanges, including CoinEx, KuCoin, HitBTC, among others. As with all crypto transactions, potential buyers and sellers are strongly advised to do their own research and consider all factors before making any transaction.
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