What is HAVAH? All You Need to Know About HVH

The world of Non-Fungible Tokens (NFT) is gathering much fanfare and attracting a lot of users. The increased popularity of NFTs has also caused an increased interest in cryptocurrencies from both NFTs users and the outside world. This is because cryptocurrencies serve as fuel to facilitate the sales and purchase of NFTs.

However, NFT has its limitation. For instance, there has always been an inability to transfer NFTs between blockchains. HAVAH leverages its trustless interchain infrastructure to enable the transfer of NFTs across blockchains while still maintaining the scarcity, rarity, and value of the NFTs. HAVAH redefines NFT ownership, creation, and usage with its unparalleled interchain functionality. By making NFTs more accessible and user-friendly, HAVAH is revolutionalizing the NFT sphere and enabling users to participate in the rapidly expanding NFT ecosystem.

What is HAVAH?

HAVAH is a trustless interchain blockchain platform that is transforming the Non-Fungible Token (NFT) ecosystem by enabling users to bridge their NFTs from different blockchains and use them as in-game collectibles. HAVAH is helping to drive the adoption and use of NFTs across the entire blockchain ecosystem by increasing their functionality and collectibility.

In the rapidly growing digital assets and blockchain technology world, HAVAH has emerged as a leader in the interchain infrastructure space. HAVAH has developed a unique and scalable solution that sets it apart from other bridge or interchain services, focusing on the trustless and secure movement of digital assets between blockchains.

As a leader in the interchain infrastructure space, HAVAH is committed to providing both the infrastructure and contents that enable people to move their assets quickly, securely, and efficiently. With its focus on trustlessness, scalability, and security, HAVAH is poised to play a critical role in the future of blockchain technology and digital asset management.

History of HAVAH

Launched on October 12, 2022, Havah was created to get around some of the difficulties NFT holders encounter after purchase. As a trustless interchain infrastructure, Havah seeks to improve the network of NFT holders and the usability of the NFTs they hold by creating a variety of ways NFTs could be used.

Based in South Korea, the development of the HAVAH project has been a collaborative effort involving several key players such as ICONLOOP, 2bytes, and other partners with expertise in GameFi projects, infrastructure, social media features, and other relevant areas. These partnerships have been strategically established with companies such as Aniverse, Bybit, Altava Group, Pala, Souffl3, and MARBLEX.

How does Havah Work?

Until the development of HAVAH, NFTs could only live on the chains they were built on. This limitation has been a source of concern for developers, collectors, and users alike. This problem limited the utility, functionality, and collectibility of NFTs. However, HAVAH’s interoperability with other blockchains has created an avenue that enables the interchain bridging of NFTs from other protocols to HAVAH.

Once bridged to HAVAH, NFTs can be used as assets within games, traded on HAVAH’s NFT marketplace, collateralized on HAVAH’s NFT-based DeFi services, showcased on HAVAH’s Interchain NFT Salon, and more. This interoperability (the ability to link with other blockchains) is what sets HAVAH apart from other blockchain platforms.

The HAVAH network uses a consensus algorithm known as Proof-of-Authority (PoA) to validate transactions. The PoA algorithm is a consensus mechanism based on a set of trusted nodes that verify transactions on the network. These nodes are selected based on their reputation and ability to provide reliable and accurate information. When a transaction is initiated on the Havah network, it is broadcasted to the nodes on the network. The nodes then validate the transaction and add it to the blockchain. Once the transaction is validated, the user who initiated the transaction is rewarded with HVH tokens.

What Makes Havah Unique?

The HAVAH blockchain has several benefits, making it a valuable asset for NFT holders, DeFi platforms, and the crypto world in general. Some of the benefits of the HAVAH blockchain include the following:

1. Transparency: The HAVAH network is built on blockchain technology, which makes it transparent and immutable. This means that all transactions are recorded on a public ledger that cannot be altered or tampered with. This makes it easy for users to track NFTs bridged on the network and verify the authenticity of each NFT.
2. Security: The HAVAH network is secured by a decentralized network of nodes that verify transactions and ensure the network is not compromised. This makes the network highly secure and resistant to hacks or attacks.
3. Speed: The HAVAH network uses smart contracts to automate transactions, eliminating the need for intermediaries and speeding up transactions on the HAVAH blockchain.
4. Cost-effective: The key to HAVAH’s success is its use of a heterogeneous relayer method, which allows for the safe and efficient transfer of digital assets between blockchains. This method ensures that assets can be moved freely between blockchains without the need for trust in any one centralized entity, thus eliminating third-party charges.
5. Value: The Havah infrastructure preserves the value of NFTs by ensuring that they do not lose scarcity and authenticity when transferred between blockchains.

Havah Ecosystem

HAVAH is a platform that enables the aggregation of NFTs from multiple blockchain networks and provides users with a variety of functionalities. The platform allows users to bridge NFTs from different blockchain networks, such as Binance or Klaytn, for social activities and gaming within the HAVAH ecosystem. Additionally, it provides for exchanging NFTs, regardless of the chain they originated from.

As part of the HAVAH ecosystem, 2bytes is creating a cutting-edge Web 3.0 game where players can own the items they acquire in the game, giving rise to a new category of games known as “P2G” or “Play to Get.” With this in mind, their team, in partnership with HAVAH, is working on a new game called Crypto Gears or CG, an NFT robot strategy game that will be hosted on HAVAH. The game is set in a future world on Mars, where players can choose a site to build a Mars base, collect resources, and build up an army of robots. They can battle other players in real-time using modern real-time strategy (RTS) game mechanics while earning in-game rewards.

Source: Crypto Gears

Havah also expands the boundaries of NFTs and the Game-Fi ecosystem with its partnership with PERPLAY, a Web3 game launcher. The partnership allows users to play any game of their choice and earn coins in the process. The collaboration between HAVAH and PERPLAY, the world’s first Game and Earn (G and E) platform, has seen them launch limited edition NFTs, namely the Havah Friends and PERPLAY series. PERPLAY is a Web3 Play and Earn game launcher that redefines your game time, no matter what game you play, and playing on the HAVAH ecosystem activates in-game rewards for users.

Source: HAVAH - Twitter

What is the HVH Token?

HAVAH (HVH) is a BEP-20 standard token deployed on the Binance Smart Chain (BSC). The cryptocurrency is used to pay for transactions on the HAVAH network, a trustless interchain blockchain that bridges NFTs. The HAVAH network is powered by blockchain technology, which makes it secure, transparent, and immutable.

HAVAH (HVH) tokens incentivize users to participate in the network and reward them for their contributions. Users who perform tasks such as verifying data, validating transactions, and providing feedback are rewarded with HVH tokens.

The HAVAH network uses smart contracts to automate transactions, eliminating the need for intermediaries such as banks or brokers. This reduces transaction costs and speeds up the transaction process.

HVH Tokenomics

At launch, the total supply of HVH will be 10 billion tokens. Of this total, roughly 4.8 billion HVH tokens will be provided on the service start date, and an additional 5.2 billion tokens will be issued via Planets. Planets are NFTs that represent ownership in a particular part of the HAVAH ecosystem, such as a community or a piece of content.

Users who own Planets will receive an allocation of 4.3 million HVH daily in the first year. This daily allocation will decrease by 30% in the second year. The gradual reduction in the daily allocation is designed to incentivize early adopters of the platform while also ensuring that the token supply remains sustainable over the long term.

HVH is a crucial component of the HAVAH ecosystem. Its distribution is designed to incentivize users to contribute to the platform’s operation while ensuring the token supply remains sustainable over the long term. With the sustainable mechanism in place, Havah users can be confident that the value of their HVH tokens will be protected as the platform grows and evolves.

How to Buy HVH Token

One way to own an HVH is to contribute to the HAVAH ecosystem. HVH is rewarded to users who contribute to the ecosystem. Another way is to go through a centralized crypto exchange platform. The first step is to create a Gate account, complete the KYC process, and follow the steps to buy HVH once you have added funds to your account.

HAVAH Governance

The Planet node is a crucial element of the HAVAH NFT ecosystem. It serves as a repository for NFTs moved between chains or newly minted. Planetary lords participate in the governance system and receive HAVAH Coin (HVH) as a reward for their contributions to the ecosystem.

Is HAVAH a Good Investment?

The HAVAH protocol offers transparency, security, speed, and cost-effectiveness, which are all important factors in the world of NFTs. HAVAH token is a valuable asset used to incentivize adopters of the HAVAH blockchain, which enables users to bridge NFTs from other blockchains. As the Havah network continues to grow and expand, the HVH token will become even more valuable and will play a significant role in the future of NFTs.

As blockchain technology evolves, HAVAH is well-positioned to play a leading role in shaping its future. With its innovative approach to NFT aggregation and its use of cutting-edge blockchain development frameworks like Parameta SDK, HAVAH is helping to push the boundaries of what is possible with digital assets and blockchain technology.

News on HAVAH

HAVAH began public sales of its planets on the 11th of January, 2023, and 500 limited editions of mini-planets or mPlanets were sold alongside the regular planets. According to the project’s roadmap, HAVAH public sales will be conducted using USDT and HVH in the first quarter of 2023. The opening of its DEX will closely follow the public sales.

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