## What Is Haven Protocol (XHV)?

Haven Protocol is similar to an offshore bank where users can create private tokens that represent stable and volatile assets, including commodities and fiat currencies (such as USD). The protocol is based on Monero, which focuses on secure, private and untraceable transactions. 

As a result, most of the features of [Monero](https://coinmarketcap.com/currencies/monero-v/) extend to the Haven protocol, including the bulletproofs and other privacy tech. The base currency of Haven is the XHV, which is burnt to provide users with private, untraceable, synthetic assets and commodities called xAssets.

The network uses a “mint and burn” process to provide users with untraceable digital assets with standard market pricing and real asset-pegged value storage. Simply, users can burn Haven (XHV) for Haven Dollars (xUSD), which is a synthetic stablecoin. 


### Who Are the Founders of Haven Protocol?

The protocol was first worked on by two unidentified developers in January 2018 who attempted to create a decentralized private stablecoin. This would allow any user to own a private token that can be converted into any desired currency without interference from a third party. However, the project failed after making it to the testnet stage due to technical challenges.

After the failed attempt by the original developers, they left the project and a new team from the Haven community took over.

The new team consists of individuals with expertise in mathematics, economics, blockchain analysis, cryptography, system architecture and community management. 

The new team branded and birthed the mainnet of Haven Protocol on July 20, 2020, by launching the xUSD stablecoin. The major developers of the network use aliases: Dweab (Project Lead), Pierre Lafitte (Product Lead), Neac (Protocol Lead), Marty (Frontend Lead).


#### What Makes Haven Protocol Unique?

The first proposed design of Haven Protocol was initially believed to be infeasible due to the complicated cryptography and mathematics, and the privacy of the codebase. Similar to Monero, the platform also uses proof-of-fungibility. The proof-of-fungibility allows for various asset classes to be equated based on their monetary value rather than just the quantity of the exchanged tokens. 

The platform’s unique feature are the completely secure and private synthetic currencies and assets. Also, the “mint and burn” strategy allows for a dynamic alteration of the circulating supply of the underlying assets. This strategy also makes it possible to maintain the value relationship of Haven against its pegged asset.


#### Related Pages:

Learn more about [Monero](https://coinmarketcap.com/currencies/monero/).

Learn more about [Dash](https://coinmarketcap.com/currencies/dash/).

Learn about proof-of-work on [CMC Alexandria](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow).

Learn more about crypto news, updates and announcements on the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Haven Protocol (XHV) Coins Are There in Circulation?

Haven had no ICO, pre-mine, or seed funding when it first launched. The maximum supply of XHV is 18,400,000. As of February 2021, the current circulating supply of the XHV is 14,531,525. 

Similar to Monero, Haven protocol also mines a new block every two minutes. For each block mined, 2 XHV are mined. The reward for each block mined is going to be halved in May 2021. Later in 2022, Haven will end up in a “Tail emission” — the mining reward will become 0.6 XHV. This will make Haven inflationary, but the mint and burn method will dynamically control the supply of the token.

The Haven Protocol developers receive XHV as compensation, which is a 5% governance fee taken from XHV mining rewards. This fund will be used for the maintenance of the project.


### How Is the Haven Protocol Network Secured?

Haven Protocol uses a [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) consensus mechanism, similar to that of [Monero](https://coinmarketcap.com/currencies/monero/). Due to the functionality of the mining algorithm, users do not need specialized mining devices to mine new coins. As a result, a regular computer is enough for mining. Furthermore, the network uses similar privacy features to Monero’s.


### Where Can You Buy Haven Protocol (XHV)?

XHV can be bought on the following exchanges:



*   [CITEX](https://coinmarketcap.com/exchanges/citex/)
*   [Bittrex](https://coinmarketcap.com/exchanges/bittrex/)
*   [VCC Exchange](https://coinmarketcap.com/exchanges/vcc-exchange/)
*   [TradeOgre](https://coinmarketcap.com/exchanges/tradeogre/)
*   [KuCoin](https://coinmarketcap.com/exchanges/kucoin/)
*   [TOKOK](https://coinmarketcap.com/exchanges/tokok/)

It can also be earned as a proof-of-work reward by miners.

Click [here](https://coinmarketcap.com/how-to-buy-bitcoin/) to learn how to buy [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/).


Haven Protocol

Oxen (formerly known as LOKI) is a privacy tech project with a mission. It’s a private cryptocurrency with instant transactions. An enormous and powerful PoS network. A secure messaging platform. A network anonymity layer. Tools to build a more private future for the Internet — all on blockchain.

Our vision is to provide a range of tools and services powered by the OXEN coin, enabling users and developers all over the world to leverage the power of our decentralised blockchain network to achieve unparalleled privacy and security as they work, play, and live their day-to-day lives on the internet. And this isn’t just an empty vision — we've put in the hard yards and spent years building these technologies to make our vision a reality.

The Oxen privacy stack includes:

Session, a fully anonymous, totally decentralised encrypted messaging platform

Lokinet, a powerful low-latency onion router

Oxen Name System (ONS), a registration system that allows users to provably burn OXEN to purchase temporary or permanent usernames for Session (and Oxen wallets), and domain names for Lokinet services

The Oxen coin is used for:

Staking to run Oxen Service Nodes

Purchasing name registrations for Lokinet (our onion router) and Session (our private messenger)

Transferring value through instant, private transactions with our revolutionary Blink transaction tech

Oxen

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

Mirrored assets provide the following advantages:

Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.

Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.

Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).

Mirror Protocol

Firo (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.

Prior to Lelantus, it was also the first cryptocurrency to code and launch a practical implementation of the Zerocoin protocol which became one of the most prevalent privacy protocols in use, prior to it being replaced by Sigma and then Lelantus after cryptographic flaws were discovered in the Zerocoin protocol in 2019.

Firo

Grin

Energi (NRG) is a next generation Proof of Stake (PoS) cryptocurrency. Powered by the Energi blockchain, NRG combines Ethereum smart contract compatibility with a self-funding treasury, decentralized masternode governance, and a Layer 1 and Layer 2 protocol. NRG also serves in place of a governance token for the Energiswap decentralized exchange.
Funded by the NRG treasury, the Energi organization is a blockchain-based financial technology provider. Energi was founded on the goal of delivering secure, decentralized financial solutions. Energi currently employs a team of over 60 contributors spread across 5 continents.

NRG Features
Ethereum-Compatible blockchain with smart contract capabilities to support DApp development.
Funding provided by an economically-optimized, self-funding treasury to enable the upkeep and rapid expansion of the project.
On-Chain Governance driven by a masternode network to guide strategy and provide user protections.
Speed and Scalability delivered by a Layer 1 and Layer 2 network that enables sustainable throughput.

The NRG Economic Model
1 million NRG are released every month and divided between the Energi Treasury, Masternodes, Stakers, and Backbone.
The breakdown of the allocations can be viewed below:
40% to the Energi Treasury
40% to Energi Masternodes
10% to Energi Stakers
10% to the Energi Backbone

TREASURY
Energi’s treasury is self-funded. Funds from the treasury pay for product development, marketing, merchant adoption, and team growth.

MASTERNODES
The primary role of masternodes is to provide stability for the network by validating transactions. Their secondary role is to provide governance by submitting and voting on proposals that dictate the long-term strategy and resource allocation for Energi. Masternode owners are awarded a larger portion of staking rewards as an incentive.

STAKING
Staking enables users to ‘stake’ their NRG on the network; that is, to validate the transactions required to make a new block. Staking creates a simple, easy way for users to take advantage of the Proof of Stake mechanism and get rewarded for doing so.

BACKBONE
Instead of issuing a pre-mine or holding an ICO, Energi’s founder chose to take distributed compensation over time. This ties his financial rewards from the project to Energi’s long-term success and sustainability.

Where Can You Buy NRG?
NRG is available on a number of well-established exchanges. Currently, NRG can be bought, sold, or traded on the following exchanges:

Energiswap
Uniswap
Kucoin
DigiFinex
Bitbns
Mercatox
Bithumb
WhiteBIT
HitBTC
Hotbit
Indodax
Changelly
CoinEx

Check here for a regularly updated list of exchanges to trade NRG.

Who Is the Founder of Energi?
Energi was founded in 2018 by @TommyWorldPower (Twitter) with the goal of being the first cryptocurrency to drive truly global adoption. Tommy has been involved in cryptocurrency since 2012, starting out as an early-adopter and trader.
Through his research as a trader, he identified several key issues that were not being addressed by cryptocurrencies at the time. He created Energi to directly address those issues and provide a sustainable, scalable platform for the future of cryptocurrency.

Links:
Learn more about Energi here: https://www.energi.world/

View staking rewards, treasury funds, and more here: https://nexus.energi.network/

Energi

Augur

Vertcoin

Elastos, founded in 2017 and building on a vision from 2000, is a blockchain-powered internet version. Its recent breakthrough is the introduction of BeL2, a Layer 2 solution leveraging SmartWeb technology to revolutionize Bitcoin transactions. Elastos is using SmartWeb technology to build the Bitcoin second-layer network BeL2, which extends the efficiency and scalability of the Bitcoin network through smart contracts. This endeavor will enable Bitcoin to power a smart economy and effectively release the liquidity of hundreds of billions of dollars in staked Bitcoin assets.

With over 50% of Bitcoin's hash power protecting it through merged mining, ELA boasts extremely high security and credibility in its network, earning it the esteemed title of "BTC Queen" within the community.

Elastos

ZEN is the governance and utility token for Horizen, a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, and speed. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. In 2023, the ecosystem team launched Horizen EON, a public proof-of-stake sidechain and an EVM-compatible smart contracting platform that allows developers to efficiently build and deploy dapps on the Horizen ecosystem, while benefiting from the Ethereum ecosystem. Since going live with Horizen EON, DeFi projects including SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into the Horizen ecosystem. Get started on Horizen EON today!

Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges, including Coinbase and Binance. ZEN can be staked to participate in Horizen's nearly 50,000 full node network.

While ZEN was previously a privacy token, following ZenIP 42204 in June of 2023, the network removed its existing privacy features in favor of moving towards a vision of adaptability and responsible, scalable growth.

Horizen

Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although Wanchain facilitates transactions between blockchains, it is also a stand-alone blockchain that runs autonomously. The protocol acts as a distributed ledger that processes and maintains records of cross-chain transactions.

Transactions on Wanchain do not only occur between different public blockchains but between private chains as well. As an Ethereum (ETH) fork, Wanchain enjoys some of the properties of the Ethereum blockchain. The protocol securely and autonomously processes applications via smart contracts.  The use cases for Wanchain include decentralized exchanges (DEXs), lending and borrowing platforms, stablecoins, crowdfunding, multi-currency payments and settlements.

The platform is totally decentralized and requires no custodian party to manage or confirm transactions. Unlike other cross-chain systems, Wanchain does not rely on a third-party platform to authenticate transactions. The locked account mechanism is used to secure and manage accounts on the network, eliminating third-party interferences.

Wanchain

Komodo

KardiaChain is a blockchain platform that aims to be fully interoperable and "non-invasive," meaning that blockchains can connect to the network without needing to make technical modifications to their own protocols. KardiaChain uses a dual-node structure to facilitate the connection between its own ledger and other blockchains, sharding for scalability and smart contracts for developers.

The platform relies on a native token, KAI, which is used for staking, transaction fees, participating in services and deploying smart contracts.

KardiaChain was first announced in October 2018, and its mainnet went live in December 2020.

KardiaChain

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

Fusion

QuarkChain

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Secret (SCRT) is a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.

Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.

Secret

MiL.k

Enzyme

Established in July 2020, TrustSwap is a diverse Web3 ecosystem creating secure infrastructure for blockchain builders and communities. The TrustSwap Launchpad is a leading Launchpad and IDO service, achieving the #1 spot on Cryptorank in 2023 for All-time High Returns and Average Returns. TrustSwap has launched over 55 projects with a collective fundraising of over $70 million.

TrustSwap is also the parent company of The Crypto App and Team Finance, which offer a suite of multi-chain services including crypto portfolio tracking, token and liquidity locks, minting, staking, and vesting-as-a-service.

SWAP token is the key to accessing guaranteed allocations in top-tier IDOs via the TrustSwap Launchpad. Staking more SWAP tokens longer increases your SWAP Score and unlocks higher allocations as well as other perks for top stakers.

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