$Haven ICO is Live. Is this Token Better than Bitcoin?
SafeHaven launched its native token $Haven on June 30, 2021. You shouldn’t confuse this token with Safe Haven’s SHA, though, which is totally different. These two platforms are not the same, even though their names seem similar.
SafeHaven is a community driven DeFi project. The team has built it on Binance Smart Chain. They also decided to make the first token $Haven available to early investors via Unicrypt Initial Liquidity Offering. The ICO sale is already live, and the token price is $0.2 per $Haven.
The total limited supply of $Haven tokens is 21 million. According to the company, all $Haven token holders will receive BNB rewards based on their percentage of holdings. As a result, users will have a great source of passive income.
Furthermore, the SafeHaven team engineered its native token to enable its users to combat day traders, whales, and bots with revolutionary tokenomics. The latter rewards holders while simultaneously penalizing short selling with a high transaction tax to decrease market volatility and improve price stability.
SafeHaven has already burned 10.5 million $Haven tokens to supercharge the BNB pool. As a result, 50% of the BNB pool will be unclaimable from the first day. That provides additional security to the $Haven BNB reward system. Besides, that will also help to keep the token at a sustainable level and ensure it can never be drained more than 50%. The 1% burn on transactions will also contribute positively to the BNB pool.
$Haven token has some characteristics similar to the Bitcoin of the Binance Smart Chain ecosystem. However, the SafeHaven team claims that their token is actually an improvement on Bitcoin tokenomics.
What are the SafeHaven team’s arguments?
Haven token has top-notch security. After the burn, the $Haven’s total capped supply will be 10.5 million tokens, less than half as much as Bitcoin’s total supply of 21 million.
Besides, BNB rewards for $Haven token holders are payable every 72 hours. The token enables users to generate passive income from their holdings regardless of prevailing market conditions. On the other hand, Bitcoin offers no such reward.
Moreover, all buy, sell, and transfer transactions are liable to a 1% burn tax. The latter acts as a deflationary measure. That will constantly increase the scarcity of the $Haven token and consequently increase its value.
While crypto investors and traders decide themselves which token they prefer, one thing is clear – $Haven is very hot right now.
The post $Haven ICO is Live. Is this Token Better than Bitcoin? appeared first on FinanceBrokerage.