Learned by 48 usersPublished on 2024.04.03 Last updated on 2024.10.15
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Haven Protocol (XHV) is a cryptocurrency with the following features:
Anonymity: XHV is an untraceable cryptocurrency that provides users with privacy protection.
Proof of Work (PoW): XHV utilizes a pure proof of work (PoW) mechanism with a emission curve identical to Monero.
Supply: The initial mineable supply of XHV is 18.4 million coins; once these coins are mined, there will be a small tail emission.
Stable Value Storage: Haven Protocol provides a stable fiat value storage mechanism to achieve value stability through xUSD.
Release Date: XHV was launched on April 23, 2018.
Haven Protocol (XHV) was conceptualized by two anonymous developers in January 2018.
Based on the search results provided, there is no specific investment information about the XHV (Haven) cryptocurrency. These results primarily discuss investments in other cryptocurrencies and blockchain projects without mentioning investment information for XHV.
Therefore, it is not possible to determine from these search results which venture funds invested in XHV.
How the XHV cryptocurrency (Haven Protocol) works:
Underlying Technology: Haven Protocol is based on Monero and employs privacy-enhancing technologies to protect users' financial information.
Private Stablecoin: Haven Protocol has released the first private stablecoin xUSD, which users can mint by burning XHV tokens to create xUSD and other synthetic assets (xAssets).
Price Oracle: Haven Protocol uses a price oracle to determine the prices of XHV and xAssets, preventing price manipulation.
Collateral: XHV is used as the underlying collateral for xAssets such as xUSD, xEUR, xGBP, and more.
Inflation Control: Haven Protocol employs a halving mechanism to control inflation, mining a new XHV block every 2 minutes and periodically reducing the mining reward for each new block.
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 technologies, price oracles, and a halving mechanism.