Havven's nUSD bringing back trust to Crypto
A lot of trust was lost in crypto world when scandals of money laundering surfaced about Tether.
Since then many in the cryptocurrency community has blamed Tether for mass market manipulation and organizations have pulled together to build their own stablecoin. Although there are a few successful stablecoins pegged to the US dollar (1:1), the best I found is nUSD. We don't need Tether no more...teether on squadrons!
This is major news for Havven and the broader Ethereum community, as it provides an alternative to centralised stablecoin solutions like Tether. This is an important milestone, as nUSD is only the second ever decentralised stablecoin to launch on a major exchange which makes it the best stablecoin in the ring. I believe that decentralised stablecoins will enable hundreds of new use cases for decentralised systems, and will significantly improve the user experience. By the way, who needs a centralized system in crypto? Cryptocurrency is fueled by decentralization so screw centralized Tether.
The following pairs are available on Kucoin: BTC-nUSD, ETH-nUSD and USDT-nUSD.
nUSD is a decentralised and scalable stablecoin that provides protection against volatility and stable payment method for decentralised systems. Now I strongly recommend using nUSD if you ever want to purchase something you have the exact money for because you would not want to be on a dinner date and lose 15% of the money by the time your cheque arrives (dirty dishes anyone?)
Havven uses a dual-token mechanism to provide stability: HAV, the collateral token, and nUSD, the stablecoin. The value of nUSD is kept stable by HAV holders, who are incentivised through transaction fees to provide confidence that each nUSD token is fully backed by HAV tokens locked in a smart contract.
Because the entire system is on-chain like a mouse to a tail, there is no need for trust in a central authority, anyone can independently verify at any time that the network is fully backed. Not even a 9.0 earthquake can shake the price! I've witnesses Tether fluctuating by up to twenty cents. Too unstable if you ask me!
KuCoin is a blockchain asset trading platform based in Singapore. It already offers the option to trade HAV against BTC, ETH and USDT, and its listing of nUSD is a major step towards wider adoption of the Havven payment network.
They've already announced partnerships with a variety of projects, which will use nUSD as the medium of exchange on their platforms. These include MARKET Protocol, intimate.io, Deconet, LocalCoinSwap, Elysian, Bamboo and more. nUSD can also be used in the Havven eStore to purchase a range of Apple products (US only) and Havven merchandise.
Tether is a greed of greed and is absolutely bad for crypto
A fair solution is what we hope that this project will be successful
Tether trying to cover up their ass
This is really a good stablecoin mostly because it is a decentralized one. We shall see how it performs now that it's listed on an exchange.
I hope it does at least ok in this bear market
Is this even gonna worth money? I mean This is new. Even If listing on an exchange. nothing will happen. We are not that popular yet. What I think is We should focus on our main project first which is HAV token then if that is a successful one that is the time that we should add some. Congrats on getting listed on kucoin.
Oh hey there friend! You own HAV too I see! I agree with you on that to an extent. They should have done so b4 thinking of creating nUSD. They just gotta try their butts of on this or loseBIG
but now nUSD is already listed in Kucoin. nUSD get back what was given away from investor. Thank you! :)
Coins mentioned in post:
As far as I know some of cryptos used decentralized system, I'm not sure if I invest to that new coin. I'd rather to invest to HAV.