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What is Haven Protocol coin (XHV) and how does it work?

by Financial Economy

Haven Protocol is a project that makes it possible for anyone to hold or transfer assets directly in their vault without brokers, third parties or institutions. XHV coin Haven is the native token of the protocol. Detailed information on what is Haven Protocol coin (XHV), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Syntropy coin (NOIA).

What is Haven Protocol coin (XHV) and how does it work?

The Haven Protocol XHV coin claims to be an untraceable coin, a mix of standard market pricing and real world asset valuation. The Haven protocol tries to achieve this feature with the “mint and burn” processes that take place on the blockchain.

In the simplest case, users can burn Havens (XHV) worth USD to Haven Dollars (xUSD). Users can equally burn xUSD for $1 worth of XHV. Haven’s ultimate goal is to create a dedicated decentralized finance platform for crypto-backed loans and interest-bearing savings accounts.

So who are the Haven Protocol developers? Haven Protocol developers do not reveal their identities. According to the Haven website, the main developers of the project are; Dweab, Pierre Lafitte, Neac and Marty.

How to buy Haven coins? How much is XHV coin price?

Haven protocol coin can be purchased from crypto exchanges where it is listed. But before trading, it is necessary to make sure that the stock is reliable. As of November 9, 2021, the price of 1 XHV coin is around $11.56. (Price may change instantly.) The circulating and total supply of Haven Protocol coin is 14,809,875 XHV. There is no data on the maximum Haven coin supply.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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