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Havven ICO Overview
The Havven ICO is adopting funds to accouterment the ambiguous affiance of the stablecoin. There’s no agnosticism that cryptocurrency represents a abstruse advance on money that removes the charge for centralised ascendancy to acquire value.
While Bitcoin and added cryptocurrencies accept approved a accommodation to action as a abundance of value, the disability to acclimatize accumulation to alteration appeal causes concise volatility. This appropriate makes cryptocurrencies like Bitcoin a poor average of amount barter because its purchasing ability does not abide abiding about to the amount of appurtenances and casework over the short-term.
Mainstream acceptance of crypto for affairs and affairs will alone action already a assertive agreement of adherence can be established. Tokens like Tether accept been alien into the bazaar to abode this affair but accept yet to present a satisfactory solution. Adherence continues to be an cursory abstraction that, if implemented correctly, holds the abeyant for greater account and ultimately, boundless adoption.
Havven ICO Value Proposition
The Havven ICO proposes a decentralised acquittal arrangement congenital on a stablecoin to abduction all the allowances of a permissionless system, while additionally eliminating volatility. Havven affairs to accomplish amount adherence by pegging the amount of the badge to fiat, while accompanying introducing a decentralized accessory arrangement to accommodate aplomb in the amount of the tokens.
Those who use the stablecoin pay fees to those who collateralize the network, compensating them for the risks of accouterment accessory and stability. Accessory providers in about-face ascendancy the money supply, and fees are broadcast in admeasurement with anniversary individual’s addition to stabilisation. Havven rewards suppliers of adherence and accuse those who appeal it.
Underlying this anatomy is a two badge system:
Nomins– a stablecoin with a amphibian accumulation and amount abstinent in fiat. Denominating the amount of the nomin in an alien authorization bill agency that adherence is about alone to that currency, which will initially be the US dollar.
Havvens– a accessory badge (ERC-20) with a changeless supply. The bazaar assets of havvens (HVV) reflects the aggregated amount of the Havven platform. The havven badge is a decentralised asset, with an built-in amount acquired from the fees generated in the arrangement it has collateralized.
Ownership of havvens grants the appropriate to affair a amount of nomins proportional to the dollar amount of havvens placed into escrow. Issuance of nomins requires a greater amount of havvens to be escrowed in the arrangement (with a accessory arrangement of 1:5), accouterment aplomb that nomins can be adored for their face amount alike if the amount of havven falls.
In short, the accessory basal the Havven platform, represented by the havven token, is acquired from the the amount of the arrangement itself.
Havven ICO Team
Kain Warwick is the Founder and CEO of Havven. Kain has spent the aftermost three years growing ancestor aggregation Blue Shyft, a arrangement that allows for banknote purchases of agenda appurtenances and casework including cryptocurrency at baddest retail outlets. He has auspiciously developed the business to 1200 locations beyond Australia.
Justin Moses serves as CTO of Havven. He has 8 years of above-mentioned acquaintance as Director of Engineering at assorted companies including best recently, MongoDB, a arch cross-platform database system.
Jordan Momtazi is the VP of Partnerships for Havven. Jordan has served in assorted affiliation architecture roles throughout his career, including over 2 years with Paypal developing relationships with action clients.
Tim Bass is the Project Lead for blockchain development, with a aggregation of four added developers abaft him. Tim is the Co-founder and CEO of Block8, a blockchain belvedere consultancy that ally with projects like Havven.
The Havven ICO additionally accept a cardinal of admiral acknowledging the project, including Anthony Nantes, a fintech avant-garde in the exchange lending industry and consecutive administrator Walter de Brouwer.
Havven ICO Strengths and Opportunities
Havven accept an alpha model which users can admission to analysis assorted bread-and-butter scenarios on the Havven platform. This is abnormally benign in demonstrating the activity of the badge economics set alternating in the whitepaper, as they are atypical and accept yet to be implemented in added systems.
Additionally, Havven accept already released their cipher for Havven belvedere v.1 for absolute analysis by two abstracted organizations. While the alpha archetypal demonstrates the activity of the ecosystem overtime, it is still a archetypal and provides no guarantees.
While no absolute roadmap to acceptance has yet been released, in a Telegram babble with CEO Kain Warwick, he categorical a multi-faceted access that targets both acquittal aggregators and partnerships with exchanges.
To this end, ancestor aggregation Blue Shyft maintains a alive accord with all Australia based exchanges through their retail network, which allows banknote purchases of Bitcoin and added cryptocurrencies. Having auspiciously accustomed a alive basement with exchanges for purchasing cryptocurrency, there is a greater befalling to apparatus the belvedere via these absolute relationships.
Havven ICO Weaknesses and Threats
Various attempts accept been fabricated or are currently underway to acquaint a stablecoin in the cryptocurrency market. The albatross in the allowance is of advance Tether, which has faced a cyclone of analysis about its abridgement of accuracy and budgetary policy. This suspicion alone added deepened back Friedman LLP, the absolute alignment assassin to analysis Tether, terminated their relationship with the project.
Other projects such as MakerDAO and Basecoin are currently implementing their own decentralized stablecoin platforms to accommodated this absence in the market. These platforms accept implemented their own collateralization schemes that alter in anatomy to Havven, which has appear comparisons of their own access to collateralization with both MakerDao and Basecoin via their blog.
Adding added ambiguity to the project, some crypto pundits alike question whether the stablecoin concept is applicable at all, as no band-aid has as of yet accurate economically acceptable in the long-term. That said, if Havven can absolutely acquaint a band-aid to this affair that has bedeviled the crypto amplitude back its inception, a apple of opportunities for added acceptance and use utilities will result.
The Verdict on Havven ICO
From a abstract perspective, the badge economics set alternating by the Havven ICO are arresting and represent improvements on the accepted bazaar alternatives. The aggregation accept already approved their accommodation to body and calibration a business and accept developed admired relationships with exchanges in the process.
Creating a absolutely abiding cryptocurrency is one of the best acute needs in the crypto space for establishing a alleyway to decreased animation and unlocking a greater cardinal of use possibilities. If Havven can administer to cull that off, it will be a bold changer. But at this aboriginal date with little artefact development to show, we are a means off from alive for assertive how the arrangement will accomplish on the market.
With these factors in mind, we’re activity to abode a baby bet on the Havven ICO.
Learn added about the Havven ICO from our Telegram Community by clicking here.
Today’s Date: 2/9/17
Project Name: Havven
Token Symbol: HVV
Website: https://havven.io/
White Paper: Havven Whitepaper
Crowdsale Hard Cap: $30 million
Total Supply: 100,000,000
Token Distribution: 60% to crowdsale, 20% to aggregation and advisors, 3% to bounties and business incentives, 5% to affiliation incentives, 12% to foundation
Price per Token: 1 Havven = $0.50 USD
Maximum Market Cap (at crowdsale price): $50 million
Bonus Structure: 30% for aboriginal expressions of absorption (escrowed for 12 months), added bonuses for accommodating in escrow ascent which can be begin here.
Presale Terms: None
Whitelist: https://havven.io/token-sale
Important Dates: Whitelisting- February 21-27 Crowdsale- February 28-March 6
Expected Token Release: 3/15/18
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
