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HAVAH

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Discover HAVAH's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is HAVAH?

HAVAH (HVH) is a cryptocurrency launched in 2023, designed to facilitate the trustless transfer of digital assets between different blockchains. It uses a heterogeneous relayer method, ensuring safety and scalability. The project includes its own mainnet, focusing on interchain and multichain content, such as interchain games that accept NFTs from various blockchains.

How is HAVAH used?

HAVAH (HVH) is the native token of the HAVAH ecosystem, designed to facilitate various activities within the platform. Here are some key uses of HVH:

  • Transaction Fees: HVH is used to pay for transaction fees within the HAVAH ecosystem. The majority of these fees are moved to the Sustainable Fund, which reduces the supply of HVH in circulation.
  • Planet Purchases: HVH can be used to purchase Planets, which play a crucial role in the HAVAH ecosystem.
  • NFT Purchases and Sales: HVH is used to buy and sell NFTs within the marketplace. Users can list and sell their NFTs using HVH.
  • Digital Rewards: HVH can be earned as rewards for participating in DApps such as games. Some DApps may require a small amount of HVH to be deposited or spent to access them.

These uses highlight the versatility of HVH within the HAVAH ecosystem, supporting various activities and incentivizing user engagement.

How do I store HAVAH?

To store HAVAH (HVH) tokens securely, it is recommended to use a "Cold Wallet" which is totally offline. There are two types of cold wallets:

  1. Paper Wallet: This is formed by generating a public and private key offline using a program. The keys are printed in the form of QR codes, which can be scanned for future transactions. The paper wallet is stored in a secure place.

  2. Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. Hardware cold wallets are preferred by most users, especially for storing large numbers of coins or tokens.

How to buy HAVAH?

To buy HAVAH (HVH) tokens, you can follow these steps:

Buying HAVAH (HVH) via a Crypto Wallet
  1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports HAVAH (HVH).
  2. Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.
  3. Create a Wallet: Create a new wallet address or import an existing one. Make sure to write down the seed phrase and keep it secure.
  4. Buy HAVAH (HVH): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than those charged by exchanges.
  5. Swap for HAVAH (HVH): If your wallet doesn’t support direct fiat-to-HVH purchases, you can first buy a popular cryptocurrency like USDT and then exchange it for HAVAH (HVH) through your crypto wallet or on a decentralized exchange.
Buying HAVAH (HVH) on a Centralized Exchange
  1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports HAVAH (HVH) purchases. Consider the ease of use, fee structure, and supported payment methods.
  2. Create an Account: Enter the required information and set a secure password. Enable 2FA for added security.
  3. Verify Your Identity: Complete KYC verification, which may vary based on your nationality and region.
  4. Add a Payment Method: Follow the exchange’s instructions to add a credit/debit card, bank account, or other supported payment method.
  5. Buy HAVAH (HVH): You can now buy HAVAH (HVH) using fiat currency if supported, or do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency like USDT and then exchanging it for HAVAH (HVH).
Additional Tips
  • Ensure the exchange or wallet you choose supports HAVAH (HVH).
  • Check fees and security measures before making a purchase.
  • Consider using a cold wallet for long-term storage to ensure the safety of your assets.
Popular Exchanges for Buying HAVAH (HVH)
  • KuCoin
  • Gate.io
  • Binance
Popular Wallets for Buying HAVAH (HVH)
  • Check the wallet’s compatibility with HAVAH (HVH) before making a purchase.
Additional Resources
  • For more detailed guides and information on buying HAVAH (HVH), you can refer to resources like CoinCarp and other cryptocurrency websites.
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History of HAVAH

HAVAH (HVH) is a cryptocurrency that plays a crucial role in the HAVAH blockchain ecosystem. The HAVAH blockchain is designed to bridge NFTs from various blockchain networks, enabling users to aggregate and utilize their digital assets across different platforms. The HVH token is used to incentivize adopters of the HAVAH blockchain and is deployed on the Binance Smart Chain (BSC) as a BEP-20 standard token.

The HAVAH project began public sales of its planets on January 11, 2023, which included limited edition mini-planets (mPlanets). The project's roadmap included conducting public sales using USDT and HVH in the first quarter of 2023, followed by the opening of its decentralized exchange (DEX).

HAVAH's ecosystem is built around its innovative approach to NFT aggregation and its use of cutting-edge blockchain development frameworks like Parameta SDK. This enables users to bridge NFTs from different blockchain networks, such as Binance or Klaytn, for social activities and gaming within the HAVAH ecosystem. The platform also allows for exchanging NFTs, regardless of their origin.

In addition to its core functionality, HAVAH has partnerships with other projects, such as PERPLAY, a Web3 game launcher. This collaboration has led to the creation of limited edition NFTs, including the Havah Friends and PERPLAY series, which can be used to earn in-game rewards.

The HVH token is used for various activities within the HAVAH ecosystem, including transaction fees, planet purchases, and NFT purchases in the market. It also serves as a reward for participating in DApps such as games, where users can earn HVH as a digital reward.

Overall, HAVAH aims to push the boundaries of what is possible with digital assets and blockchain technology, positioning itself as a leading player in the evolving blockchain landscape.

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How HAVAH works

The cryptocurrency HAVAH (HVH) is a token that operates on the Binance Smart Chain (BSC) and follows the BEP-20 standard. It is designed to incentivize users to participate in the HAVAH network, which bridges NFTs from different blockchain networks, allowing for social activities and gaming within the ecosystem.

Key Features
  1. Token Supply: The total supply of HVH tokens is 10 billion, with 4.8 billion available at launch and an additional 5.2 billion to be issued via Planets, which are NFTs representing ownership in the HAVAH ecosystem.

  2. Reward Mechanism: Users who own Planets receive a daily allocation of HVH tokens, which decreases by 30% each year to ensure a sustainable token supply. This mechanism incentivizes early adopters and contributors to the platform.

  3. Smart Contracts: The HAVAH network uses smart contracts to automate transactions, eliminating intermediaries and reducing transaction costs and time.

  1. NFT Bridging: The platform allows users to bridge NFTs from different blockchain networks, enabling a unified ecosystem for NFTs.

  2. Gaming and Social Activities: HAVAH supports various gaming and social activities, including a Web 3.0 game called Crypto Gears, where players can own in-game items and earn rewards.

How to Buy HAVAH (HVH)

To purchase HAVAH (HVH), you can follow these steps:

  1. Choose a Wallet: Select a reliable crypto wallet that supports HVH, such as Trust Wallet.

  2. Create an Account: Register on a centralized exchange like Binance, Coinbase, or KuCoin, and complete the necessary identity verification steps.

  3. Add a Payment Method: Set up a payment method, such as a credit/debit card or bank transfer, to fund your exchange account.

  1. Buy HVH: Use your funded account to buy HVH directly or by first purchasing a popular cryptocurrency like USDT and then exchanging it for HVH.

  2. Transfer to Wallet: Once purchased, transfer your HVH tokens to your personal crypto wallet for safekeeping.

Decentralized Exchange (DEX) Option

Alternatively, you can use a DEX that supports the blockchain where your HVH resides. This involves connecting your wallet to the DEX, selecting HVH as the coin you want to buy, and swapping your Ethereum or other supported cryptocurrencies for HVH.

Security and Sustainability

HAVAH's token distribution mechanism is designed to ensure a sustainable supply of HVH tokens over time. The platform's use of smart contracts and blockchain technology provides a secure and transparent environment for transactions and NFT management.

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HAVAH's strengths

The token HAVAH (HVH) has several strengths that contribute to its potential and value:

  1. Interchain Infrastructure: HAVAH provides a trustless interchain infrastructure, allowing users to move digital assets between different blockchains in a safe and easy manner. This infrastructure is designed to be scalable and secure, making it an attractive solution for users who need to transfer assets across multiple chains.

  2. NFT Interoperability: HAVAH enables the integration and utilization of NFT assets from multiple networks, allowing users to manage and utilize their NFTs more efficiently. This feature opens up new possibilities for NFT holders and DApp developers, creating a more comprehensive ecosystem.

  3. Multi-Chain Gaming: HAVAH has its own interchain game that accepts NFTs from different blockchains, providing a unique gaming experience and further enhancing the value of the token.

  1. Sustainable Fund: The majority of transaction fees within the HAVAH ecosystem are moved to the Sustainable Fund, which continually reduces the supply of HVH in circulation. This mechanism helps maintain the token's value by reducing the available supply.

  2. Utility Coin: HVH is the main utility coin of the HAVAH ecosystem and is used for various activities such as transaction fees, planet purchases, and NFT purchases. This multi-faceted use case adds to the token's value and utility.

  3. Reward Mechanism: Users can earn HVH as rewards for participating in DApps, such as games, and for contributing to the running of HAVAH's interchain network by operating HAVAH Planets. This incentivizes users to engage with the ecosystem and increases the token's adoption.

These strengths collectively contribute to the potential and value of the HAVAH token, making it an attractive option for investors and users interested in interchain infrastructure and NFT interoperability.

HAVAH's risks

HAVAH (HVH) faces several financial risks that investors should be aware of:

  1. Market Volatility: The value of HVH tokens can fluctuate significantly due to market conditions, which may result in losses for investors.

  2. Token Supply Management: The tokenomics model, while designed to be deflationary, relies on the lockup of HVH tokens in the Sustainable Fund. If the lockup mechanism fails to control the supply effectively, it could negatively impact the token's value.

  3. Dependence on NFT Market: HAVAH's success is closely tied to the growth and adoption of NFTs. If the NFT market experiences a downturn, it could reduce demand for HVH tokens and impact their value.

  1. Competition: The NFT interoperability space is competitive, and HAVAH faces challenges from other projects offering similar solutions. If HAVAH fails to differentiate itself or keep up with technological advancements, it could lose market share and value.

  2. Regulatory Risks: As with any cryptocurrency, HAVAH is subject to regulatory changes and potential restrictions, which could impact its value and usability.

  3. Security Risks: The HAVAH network, like any blockchain-based system, is vulnerable to security breaches and hacking attempts. If the network is compromised, it could lead to a loss of confidence and a decline in HVH token value.

  1. Liquidity Risks: The liquidity of HVH tokens can be affected by various factors, including market conditions and trading volume. Low liquidity can make it difficult for investors to buy or sell HVH tokens, leading to potential losses.

Investors should carefully consider these financial risks before investing in HAVAH (HVH) tokens.

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Did HAVAH raise funds?

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HAVAH's ecosystem

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HAVAH’s team

  • The team behind HAVAH (HVH) includes several collaborators, including 2bytes and ICONLOOP, who participated in developing the project.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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