HAVAH Price

What Is HVH Token?

HVH is the native currency of the HAVAH platform. It thrives on a trustless interchain infrastructure that enables users to move their digital assets and NFTs from one blockchain to another within a safe and trusted ecosystem.

The HVH token is awarded to participants securing the platform. These tokens act as the main medium to power multi-chain interoperability. The value of this token derives from the demand for the use of HAVAH. In other words, the more users who act on the platform, the higher the demand for the token, in turn driving up the price. Alternatively, users who stake HVH tokens in the ecosystem can participate in community governance through Planets purchasing and be rewarded with more HVH in exchange for their contributions.

The Team Behind HAVAH (HVH)

A team of several collaborators, including 2bytes, ICONLOOP and others, participated in developing HAVAH. The project has partnerships cemented on expertise in infrastructure, social media features and GameFi projects. These partnerships include organizations such as Souffl3, Altava Group, Grid, Aniverse, Finger Labs and Pala. Other partnerships are being put together to advance both the position and design of the platform in order to meet strategic goals as comprehensively as possible.

What Is HAVAH Used For?

HAVAH boasts a trustless interchain infrastructure, utilizing the heterogeneous relayer method to ease the frictions of digital asset transfers. For instance, the NFT transmission protocol integrated into the system adds a competitive advantage for developers in building a more comprehensive ecosystem for these NFTs to be traded, and creates utility via a more streamlined process, without connecting to multiple chains and bridges. In another scenario, users of HAVAH can easily store, import and export an NFT all in one ecosystem, thus eliminating hefty transaction fees and saving time.

How Many HAVAH (HVH) Coins Are in Circulation?

The maximum supply of HVH coins is capped at 10 billion. Approximately 4.76 billion HVH tokens were issued at the beginning of the platform's service. In addition, about 5.2 billion tokens have been reserved for Planets. The circulation supply of the token is yet to be determined. However, the total supply of HVH coins as of the publication date is about 108 million.

Traders who use the HVH ecosystem to maintain the Planets ecosystem will be granted HVH coins per day in the first calendar year, which will be reduced by 30% the following year. The HVH system is designed uniquely and does not permit more than 10 billion units in total to circulate. This applies even if the fee rises as the number of traders on the HVH platform increases. A Sustainable Fund is set up to lock in the integrity of the platform fees, which allows these fees to remain low and total circulation to increase.

HAVAH Price and Tokenomics

As of Mar 6, 2023, HVH's live price is $0.06639, based on a $77,591 24-hour trading volume. The price of HVH to USD price is reported in real time. HVH’s price has decreased by about 1.2% in the last 24 hours.

The HVH coin’s maximum circulating supply remains at 10 billion. Analysis of its tokenomics is still in its early stages; the various aspects of HAVAH as a cryptocurrency are complex and multifaceted topics at this point.

An important factor in HVH tokenomics is that the token has been designed to have long-term deflation. The circulation of HVH coins is continuously reduced because a significant amount of fees generated through the HVH platform are taken to the Sustainable Fund. This is an effective strategy that helps maintain a good balance for traders.

Another factor that helps this cryptocurrency thrive is the way it handles its volume. Since it’s managed by pre-minting and has a strict locking policy, it can accommodate its volume effectively.

The efficiency of this increasingly popular cryptocurrency derives from its operation of the Hoover Fund (which helps keep Planets in operation) and the Sustainable Fund (which controls the amount of HVH in circulation). No matter whether the market is stagnant, the HVH coin is designed to raise its demand to create stable cycles within the system.

Learn more: HAVAH (HVH): Uplifting NFT Interoperability Across Multi Chains