/biz/ - Business & Finance

For hundreds of years countless, sometimes global players have tried to "peg" something in value against something else. World history is littered with spectacular failures in this regard. Many different things have been tried, by very bright people, to no avail: No such peg has stood the test of time. None. Some have worked for a long time, like the USD versus gold peg, but in the end that blew up as well.

And now a young Monero fork with a small team and a small valuation comes along and wants to make me believe that they solved this, in a way: a cryptocurrency organized such that it's able to "store" fiat while conserving value.

Imagine a world where something like that would be possible. Earth's monetary history, sharply divided into two periods "before Haven Protocol" and "after Haven Protocol

It will be the first and only private stable coin. No KYC needed. Think about that.

You can ''tether'' straight from you desktop wallet with monero privacy.

Mainnet will launch on July 20, (same day man landed on the moon)

Only way to get xUSD is by burning $XHV

DYOR

Your chance to buy below $1 is fin, but fear not for it is not too late.

850 days after their respective genesis blocks :
$XMR 1.88$ (14/08/2016)
$XHV 1.04$ (20/06/2020)