Haven Protocol Review In 2022: Is Haven a Good Project?

The Haven Protocol is a fork project on the Monero blockchain that empowers fintech experts to mint coins that represent particular assets and commodities. Before the onset of the project, it was not possible to generate tokens from the XMR blockchain; mainly because it had no support for tokenization. The birth of the project was mired by a rocky start due to a lack of private funding, and no Initial Coin Offering. Thereby resulting in reduced traction and a hiatus when the two developers realized the challenge of building a DeFi protocol from the ground up. As a result, the two initial founders dumped the project in the final quarter of 2018. At the start of 2019, a number of members from the Haven community forked the entire Haven protocol and turned it into an open-source project. Therefore, promising to fulfill what had been the original vision of the Haven DeFi protocol. To help you understand how effective the Haven Protocol could be, here’s a detailed Haven Protocol review that will provide you with great insights into the utility of this token. Haven Protocol Review: Analyzing Haven Protocol’s Native Token XHV XHV is the native incentive of the Haven Protocol that enables users to pay transaction fees. The current market supply of the token currently stands at 14.25 million. The protocol generates more coins into circulation through mining. Note that miners mine 2 XHV coins for every block. The block duration is 2 min...