Bitcoin Forum

Havven's ICO sold out a couple of days ago raising $30 million. http://blocktribune.com/blockchain-startup-havven-raises-30m-usd-ico/

What do you guys think? Anyone participate in the sale?

I did'nt !! Who cares about tether; why it is in existance in the first place.

Well it's certainly newer so you're at least 50% right.

What about it do you feel is better? The only issue with Tether is surrounding if there are actually reserves to back it up. If there are then there's really not much of an issue with it whatsoever.

I just know that people have a misconception about Tether market cap and if it collapses, it will affect our community.

Everything. Tether is tied to fiat whereas Havven is tied to crypto. The dual token system prevents price volatility. https://cointelegraph.com/press-releases/havven-launches-discounted-expression-of-interest-period-for-new-stablecoin-platform

Sorry I failed to understand it, that second article only confused me further. Can you explain to me how this dual token system works?

It seemed to me as if the price wouldn't be stable at all based on that article  ???

Yes, Tether works okay enough functionally, but the legal questions and reserves questions are what really throw some shade on the tether coin. I imagine that it will continue on as some kind of application (seems kind of useless to me) until it fails spectacularly and everyone loses faith...

I agree. They have nUSD tokens backed by havven tokens. Then what are havven tokens backed by? Ethereum? Bitcoin? Nothing? Don't tell me they're backed by nUSD ;D

I'm not supprised about this case cause this year is the era of ICO project so good ICO project will end very quickly in just 1 or maybe 2 days after the ICO. LOL. CREDITS project is also the same, it ended in just 1 day. LOL. Hope all these ICO project will successful in the future, I think it must be cause the amount of money they get from their ICO is very great :)

There is very strong idea to tokenize fiat. If it is not a scum, it's good investment proposition

Nope, that kind of ICO won't make me even click on their website

First, to "peg" something you must trust centralized party to really store USD inside their vault, and 99% of the time they will stole it (empty vault).
Second (related to point before), cryptocurrency was built so that we don't need to trust any 3rd party for transaction. Why on earth we still wanna peg crypto into fiat and trust 3rd party again..

I'm truly believe that any stablecoin project is a temporary only. The best scenario is that in a few years (5+) the crypto spreads as much so fiat money will go to the back stage and disappear at all with the following few years.

This exactly and that's why I never believed in tether. Very counterintuitive. The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.

Havven is a totally decentralised stablecoin, which means that, like bitcoin, it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized.

I dont participate in stable coin ICO, for me I dont find any advantage to participate on that sale. but maybe for some reason when market are deep I need tether or the next tether for saving our asset from that, even I dont really know if it has backed by real fiat money each coin or not. for me all cryptocurrency or currency trading has a risk.

Tether is already in a lot of exchanges its going to be hard to get this paired with other coins on multiple exchanges.

wow, havven has a dual token. I regret not following havven. sales are very good, I see havven will be more traded in the market with high value.

I also see havven will be able to compete with other altcoins in the market.

At this moment, according to https://coinmarketcap.com/ USDT is
in top 16 position. Better than the altcoins, that means people
cares about tether since it is high in volume. lmao

Any reason why it is there?

They have a good idea of the project,may said, but not much on sale,and they like airdrop several pieces were or go or I listen.

Havven is a great concept for everyday transactions. I see a huge need in our current market for something like this. With this much momentum and the team, I can see them doing big things.

Their telegram group even has 95,000 members in it: https://t.me/havven_official1

exciting project imo. glad they created a system of value to prevent price volatility

A fair few care about tether. If you dont know why it exist you dont have to worry about it, its not for you. (I dont own any, as i have no need for)

very cool idea imo. havven has the potential to overtake the market. the community needs a stablecoin

It is too early for judgement, but so far so good. One   thing for sure long as it is crypto, it is always susceptible for lose. So let's see how it will remain in success.

I am for anything that's NOT tether lol. havven has a really good shot to get it right. went in for the team and dual token system

I don't understand why this coin was created in the first place, I mean, wasn't Tether already fulfilling the function of having a cryptocurrency whose price would not deprecate since it was backed by the USD? Why then create anothe coin with the same functionality?

The Havven ICO seems great to me, it has the backing of almost all the ICO influencers and I like what they set to achieve. they are making a stable coin with that you don't need to worry about price crashing down. it's a great project in my opinio.

If you pay attention to these statistics then it is certain that ico will end successfully. But such data can not determine whether you can make a profit, I'm very worried about the authenticity of data because every ico sometimes is not convincing. Yes may need trust if you want to succeed to participate and also invest in a project. Sometimes a project is very confusing, you have to be brave to make a decision. Do not just be quiet, because if you are silent then you will not get anything.

Solid whitepaper, as others have already suggested the biggest issue is getting adoption by the big exchanges. That will make or break this token.

i think when you look at tether (besides all the scams around them) is that their value is pinned to fiat. havven has a dual token system with "nomins" and "havvens". The havvens I believe provide collateral to stabilize the price. I would watch their video on their site. it explains is really well. https://havven.io/

I just want transparency in a product like this.  Tether is screwing that up.  If the new guy can prove they have the cash sequestered and provide continuous updates from a credible accounting firm, I'd use this over tether.

I think you have the wrong idea...theyre doing a dual token system so the value isn't pinned to fiat or gold. The collateral is what keeps the price stable. Read their wp: https://havven.io/uploads/havven_whitepaper.pdf

thx for this. was on another thread talking about this and it has lots of potential. it's in their best interested to keep the project going because as the network of users gets bigger, the better.

First they need a bank to hold fiat, second, they need be much more popular than usdt. Don't think they will success at that field. IMHO tether owners and top exchanges owners are the saim people and they don't want anything new if they don't own this ;D

It is a very interesting project, although I don't know if it will be good for direct investment, as rarely a dollar is worth more than 100 cents.

If you're into stablecoins or are looking for an alternative to Tether you should check GLOBCOIN's ICO and read this article: Bringing Stablecoins to the next level, written by their CEO.https://medium.com/@globcoin_io/bringing-stablecoins-to-the-next-level-357879430b0f

I think this is just the beginning, there is another stage of price per coin. for this project is already successful and reach the target, it is a good news. I think we should be patient and continue to see how the development in the future .

I think we're all forgetting the big picture here guys. This project is meant for everyday transactions. The people holding the collateral tokens will benefit. Read the wp and join the telegram. It's important to understand the project before making a judgement. https://t.me/havven_official1

I didn't participate but I don't think we need this right now. Tether themselves hasn't proven they have the funds, yet you have another entering the space? I don't like that, despite the fact it the competition will make both produce better then if they were alone in the market.

at the same time havven is very different from tether. fundamentally two different projects that both fall under "stablecoin". Read this to compare: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6