Haven Protocol (XHV)
Price, Value, Chart, and News
Haven Protocol Price: $0.390540 -0.35%
What is Haven Protocol?
Haven is an cryptocurrency using a mixture of market pricing and fiat value storage that is stable. This can be achieved without an unsustainable peg or strength financing. It accomplishes this using a coin blockchain. Users burn and can mint Haven [XHV] for Haven Dollars [ XHVD ]'s USD worth worth.
Offshore Storage - worth that is Stable:
Offshore Storage is Haven Protocol?s core concept that powers the minting and burning of Haven [XHV] for Haven Dollars [XHVD] and vice versa. Simply speaking, sending Haven [XHV] to offshore storage (burning), mints the equivalent USD worth worth of this burnt Haven [XHV] in Haven Dollars [XHVD].
Every Haven Dollar [XHVD] is a representation of $1 USD? Value of Haven? Which can be moved to additional Haven wallets. Users can also burn their Haven Dollars [XHVD] to mint back the amount of Haven [XHV] of equivalent price.
When Haven burns and mints back it at a later date, they'll net a different amount of Haven [XHV] if Haven's price has changed. If Haven?s [XHV] price increases, they'll net less Haven [XHV]. If the price decreases, they'll net more Haven [XHV]. In both instances they are going to have exactly the identical amount of USD worth of Haven.
Haven Protocol Resources
Haven Protocol Price Prediction
Haven Protocol Wallet