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Havven Announces Launch on EOS Blockchain

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Havven
(HAV), an open-source blockchain project that enables payments across
decentralized platforms through its stablecoin, nUSD, today announced
its intent to launch on the EOSIO
blockchain
. Havven is currently operating on the Ethereum Mainnet,
and as part of its EOSIO launch will airdrop 50 percent of the new HAV
tokens on EOSIO to existing HAV holders on Ethereum.

The Havven partnership with EOSIO, originally teased at the Sydney EOS
Hackathon, represents Havven's expansive effort to operate across
several successful blockchain platforms. The Havven network is a
critical piece of blockchain infrastructure for decentralized systems.
Stablecoins are crucial for enabling transactions across projects and
provide protection from price volatility.

Havven launched nUSD in June 2018 with the goal of being the first
decentralized and scalable stablecoin. Havven uses a dual-token model to
provide stability. nUSD is backed by HAV, a collateralized token. HAV
holders, who provide stability, receive fees generated by nUSD
transactions.

Now that nUSD has been live on Ethereum for several months, launching on
EOSIO is the next step in the Havven team's plan to support many
decentralized platforms. This move will also ensure that the success of
the payment network is not tied to the success of one blockchain.

The EOSIO blockchain also launched in June 2018 after raising $4 billion
with the promise of offering improved scalability and zero transaction
fees. Block.One, the software publisher behind EOSIO, recently announced
that it will spend $1 billion investing in funds focused on the growth
of the EOSIO ecosystem.

Quotes:

Havven founder, Kain Warwick, is confident that projects should remain
blockchain agnostic. "At this stage cryptocurrency is still in its
infancy, so it's not clear which blockchains will manage to scale. For
this reason, it's important that projects providing blockchain
infrastructure plan to provide cross-chain compatibility, so their
success isn't bound to the success of whatever chain they've chosen.
Supporting multiple blockchains will ensure that critical infrastructure
projects are available to developers no matter which platform they
choose. Havven is committed to helping to avoid fragmentation within the
decentralized ecosystem."

"We are excited that one of the most successful Australian decentralized
projects, Havven, is building on EOSIO, and it was great to have them as
a guest at our Sydney hackathon," said Block.One Head of Developer
Relations Serg Metelin. "As an open-source initiative that provides
unique features to DAPP developers, the Havven project is a welcome
addition to the growing EOS ecosystem."

For updates on the date/time of HAV token distribution, please visit
our blog
and follow us on Twitter.

ABOUT HAVVEN

Havven is a decentralized payment network and stablecoin designed to
enable transactions across decentralized ecosystems. The network reduces
price volatility through its dual-token system: HAV, the collateral
token, and nUSD, the asset-backed stablecoin. nUSD is collateralized by
the value of HAV, and the value of HAV comes from transaction fees that
are generated with all nUSD transactions and paid to HAV holders. The
value of nUSD is kept stable by HAV holders, who are incentivised to
manage its supply.

For more information, please visit: www.havven.io

Follow us on Twitter: @havven_io

Visit the Havven blog for regular updates: https://blog.havven.io

Join the Havven community on Discord: https://discordapp.com/invite/AEdUHzt

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