Havven, a decentralized payment network and stablecoin, has decided to launch on the EOS blockchain and will airdrop half of its new HAV tokens on the EOS blockchain to existing HAV holders on Ethereum. Havven wants to ensure that the payment network’s success does not depend on one blockchain.
The Havven/EOSIO partnership was announced at the EOS Hackathon in Sydney, Australia as part of Havven’s plan to be blockchain agnostic and operate on several blockchains. Stablecoins such as Havven’s nUSD are designed to prevent price volatility and are used for enabling transactions across different projects.Blockchain Agnostic
“Havven chose to launch on the EOSIO blockchain because we see the need to remain blockchain agnostic,” Garth Travers, Havven project manager, told CCN via email. “If all useful projects remain exclusive to any particular blockchain, it will create ecosystem fragmentation, which will cause friction to the adoption of decentralized systems.”
Nothing will change for the 100 million HAV tokens on Ethereum, which will stay on Ethereum, Travers said. There will also be 100 million HAV tokens on EOSIO, half of which will be airdropped to HAV holders on Ethereum. Havven has no plans to leave Ethereum.
Havven is open to launching on other blockchains in the future, Travers said, but there are no immediate plans beyond focusing on EOS.A Scalable, Decentralized Stablecoin
Havven introduced nUSD in June as a scalable and decentralized stablecoin. The nUSD tokens are backed by the collateralized HAV tokens, and the nUSD transactions generate fees for HAV holders.
Launching on EOSIO marks the next step to support numerous decentralized platforms since nUSD has been live on Ethereum.
“EOSIO allows greater transaction throughput which means dApps can support significant volume,” added Kain Warwick, founder of Havven. “Our goal is to support these projects by providing a stable medium of exchange for the...