Haven (XHV)

There's a privacy stablecoin tied to the privacy coin Haven (XHV) you all may want to look into, but I still need to do more research on it. Haven even has a privacy stablecoins for both Gold (xAu) and Silver (xAg). It works by burning/minting new Haven coins for the spot price of the metal. The actual XHV coin is speculative, meaning the value goes up and down, and it is what is used to maintain stability of it's stablecoins.
https://www.coingecko.com/en/coins/haven



This technology has already been used with another coin called Reserve:
Speculative Coin: https://www.coingecko.com/en/coins/reserve-rights-token
Stablecoin: https://www.coingecko.com/en/coins/reserve

https://www.youtube.com/watch?v=SGfU_0zuuI0
https://havenprotocol.org/knowledge/xassets-a-guide/
This needs more research so I recommend you guys look into it too. I don't trust this system yet, but it will be pretty amazing it it does as it says for the long term. Private stablecoins are a game changer.


Haven is working on a Debit card for xUSD (it's stablecoin). I don't know how long this will last but it's currently under the radar of the IRS. This would be a realistic way to cash out and never have to pay taxes, but I doubt the government will stand for it once they catch wind of it.
https://www.youtube.com/watch?v=lOiaSKLI1jk
Reporting capital gains taxes on stablecoin to stablecoin is basically 0 taxes.

I don't own any Haven currently but researching it.

I’m pretty interested in this. It would be perfect to swing into at the top of the bull market.

I'm likely going to just stick to Dai.

It's the only stablecoin I really trust right now that can't be frozen by the government like Tether and USDC can.

Interview with one of the Haven devs.
https://www.youtube.com/watch?v=QRvsRx5nSSs

I still haven't invested in Haven for the record but I'm watching the project still.

Haven 2.0 is releasing on November 15th.

That interior above is really interesting. they are working on creating various assets, for example things that track gold, silver, euro, etc. to get any of those, you have to first acquire then burn XHV.

So of they’re successful, XHV could be extremely undervalued.

I’m probably going to buy a bunch of XHV very soon.

The vaults unlock in a few hours, and people who’ve been locked into their assets may start selling. My understanding is that this could push the price of XHV down. Might be a good buying opportunity.

Quote:

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Originally Posted by vacuum

I’m probably going to buy a bunch of XHV very soon.

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Haven is down 90% since the above post.

I never ended up buying. Now might be a good time though.

Always keep in mind that haven price action includes minting and burning xhv to go in and out of stable coins. So one reason the price could be down so much is that people are exiting xUSD and hence minting XHV. If that’s true, then there could also be wild swings to the upside or the reverse happens and people go into xUSD and hence burn XHV.

Quote:

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Originally Posted by vacuum

Haven is down 90% since the above post.

I never ended up buying. Now might be a good time though.

Always keep in mind that haven price action includes minting and burning xhv to go in and out of stable coins. So one reason the price could be down so much is that people are exiting xUSD and hence minting XHV. If that’s true, then there could also be wild swings to the upside or the reverse happens and people go into xUSD and hence burn XHV.

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Haven is up 6x this month. Cake Wallet is adopting it and it's getting integrated with THORChain.
I sadly still don't own it as I've been DCAing into Dero. Dero is basically is like a privacy version of Ethereum.

Quote:

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Originally Posted by Shami-Amourae

Haven is up 6x this month. Cake Wallet is adopting it and it's getting integrated with THORChain.
I sadly still don't own it as I've been DCAing into Dero. Dero is basically is like a privacy version of Ethereum.

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Unfortunately I haven’t bought yet either, but it should come down from these levels.