Details

What is XHV

Tokens

1. What is XHV?

Haven Protocol (XHV) is a type of token with the following characteristics:

  1. Privacy: XHV is an untraceable token that offers user privacy protection.

  2. Proof of Work (PoW): XHV utilizes a purely Proof of Work (PoW) mechanism, and its emission curve is the same as Monero's.

  3. Supply: The initial mineable supply of XHV is 18.4 million coins, and once these coins are mined, there will be a small tail emission.

  4. Stable Value Storage: Haven Protocol provides a mechanism for stable fiat value storage, achieving value stability through xUSD.

  5. Launch Date: XHV was launched on April 23, 2018.

2. Who founded XHV?

Haven Protocol (XHV) was conceived by two anonymous developers in January 2018.

3. What venture capital invested in XHV?

Based on the provided search results, specific investment information regarding XHV (Haven) tokens could not be found. These results mainly discussed investments in other tokens and blockchain projects, but did not mention XHV's investment details.

  • The 1st result discussed the financing situation of Amber Group.
  • The 2nd result introduced the early development of Ethereum and investment situations of some other crypto projects like Axie Infinity and OpenSea.
  • The 3rd result summarized the global venture financing situation in the blockchain industry for the first half of 2018 but did not mention XHV.
  • The 4th result only provided basic information about XHV coins without investment details.

Therefore, it is not possible to determine from these search results which venture capitalists invested in XHV.

4. How does XHV work?

How XHV tokens (Haven Protocol) work:

  1. Underlying Technology: Haven Protocol is based on Monero and uses privacy-enhancing technology to protect users' financial information.

  2. Private Stablecoin: Haven Protocol has launched the first private stablecoin, xUSD, which users can mint by burning XHV tokens to create xUSD and other synthetic assets (xAssets).

  3. Price Oracle: Haven Protocol uses a price oracle to determine the prices of XHV and xAssets, preventing price manipulation.

  4. Collateral: XHV serves as the underlying collateral for xAssets, such as xUSD, xEUR, xGBP, etc.

  5. Inflation Control: Haven Protocol employs a halving mechanism to control inflation, with a new XHV block being mined every 2 minutes and periodically reducing the mining reward for each new block.

  6. Trading: XHV tokens can be traded on centralized exchanges, such as CoinEx.

In summary, Haven Protocol ensures the security and stability of XHV and xAssets through the use of privacy-enhancing technology, a price oracle, and a halving mechanism.

Share to