Decentralized finance (DeFi) is an open monetary system (open finance) built on blockchain technology which is decentralized and immutable. One of the motivations for the development of the Decentralized Finance system is that there are still many people in the world who lack access to financial services. Although the current conventional financial system plays a role in building wealth for the world’s population, it has not yet touched the lower classes.
Decentralization means there is no single point of failure, because the same record is stored on multiple computers/nodes through a peer to peer network. Due to the permissionless nature of the blockchain network, it is open to anyone, regardless of how many funds they have, where they live. Unlike banks or payment companies that can close accounts from customers who do not meet the requirements, the character of blockchain is censorship resistant
What is Safehaven?
Safehaven is a community-driven DeFi project built on Binance Smart Chain. Safehaven giving the opportunity to the community to earn passive income in BNB by eliminating the hassle of staking, farming, compounding, and other Defi functions by introducing a just one function protocol of Hold and Earn.
What is Haven Token?
Haven token is the native currency of the Safehaven platform. HAVEN token fights traders, whales, and bots with ground breaking mechanics: Simply buy Haven token and hold it to earn passive income in BNB rewards & reflection interest. All Haven token holders receive BNB rewards based on their percentage of holdings, making it a great source of passive income.
Haven has been engineered to combat day traders, whales & bots with revolutionary tokenomics that rewards holders and penalizes short selling with a high transaction tax to improve price stability and decrease market volatility.
The total limited supply of $Haven is 21 million tokens. There are characteristics of Haven that liken it to the Bitcoin of the Binance Smart Chain ecosystem. Haven is actually an improvement on Bitcoin tokenomics for the following reasons:
Features of Haven Token
Scarcity: after the burn, the total capped supply of $Haven will be 10.15 million tokens, less than half as much as the 21 million total supply of Bitcoin.
BNB rewards for holders are payable every 72 hours. Haven allows you to generate passive income from your holdings regardless of prevailing market conditions. Bitcoin offers no such reward.
1% burn on all transactions: All buy, sell and transfer transactions are liable to a 1% burn tax, which acts as a deflationary measure. This will constantly increase the scarcity of Haven tokens and will help to increase its value.
Token name: Haven token
Token Symbol: HAVEN
Total Supply: 21,000,000 $HAVEN (just like Bitcoin, but we are burning 50%)
Safe Burn on day of Pancake Swap launch: 10,500,000 $HAVEN
Initial Liquidity Offering: 6,000,000 $HAVEN
Liquidity Locked: 3,446,820 $HAVEN
Marketing & Development: 723,180 $HAVEN
Safe Haven Dev Team: 330,000 $HAVEN
On the day of launch, 10.85 million $Haven will be burned to the dead wallet to supercharge the BNB pool. Consequently, 51.6% of the BNB pool will be unclaimable from day 1. This provides extra security to the $Haven BNB reward system and will help to keep it at a sustainable level and ensure it can never be drained more than 48%
How does it work?
HAVEN was made to reward holders. Every transaction (buy, sell, or send) has a 16% fee
9% goes to the BNB Reward Pool, claimable by holders in proportion to their % of holdings.
5% goes to the liquidity pool, decreasing price volatility.
1% is distributed amongst all holders as reflection interest, including the burn wallet
1% is sent to the burn wallet making HAVEN more scarce with each transaction
For the first 7 days after our first listing on PCS, holders will be able to claim daily (every 24 hours), after the first week the cycle will last 3 days.
The dead address will be the biggest holder, consequently, 50% of the BNB pool will be unclaimable. This makes the BNB pool more secure for our holders.
The burn wallet will continue to accumulate more tokens through reflection and on each transaction, removing them from circulation. These mechanics will increase even more the scarcity of HAVEN making it the optimal deflationary, passive income generating cryptocurrency.
RFI- Static Rewards — In addition to BNB rewards, Haven holders also generate passive income from reflection interest.1% of every transaction is redistributed to all HAVEN holders in reflection. This happens automatically at the time of the transactions and will be reflected in your token balance.
Along with the auto-generating liquidity protocol, Safehaven has added several Anti-Whale/Anti-Bot features to the Haven token.
Transactions (sell/buy or wallet transfer) that send more than 0.5% of the total supply will be rejected. This will help to protect price movement as well. The transaction can still be carried out using the disruptive transfers feature in the DAPP.
Disruptive Transfers — Since any transactions (sell/buy and wallet transfer) that trade more than 0.5% of the total supply will be rejected, we developed a tax feature on disruptive transfers.
Whales who make a transfer (between 2 wallets) that is larger than 1% of the total supply will be charged 2 BNB. 100% goes straight into the BNB reward pool for holders.
Whale claim BNB Tax — Top HAVEN holders have more advantages when collecting BNB than others. In order to allow SafeHaven protocol to expand and in order to allow HAVEN price, liquidity, and BNB pool to constantly grow. the team has introduced a new tax feature.
If claimable BNB is higher than 0.5 BNB a 10% tax will be applied
5% of claimed BNB will be used to automatically buy back $HAVEN and burn it.
5% will be sent to the marketing and development wallet
Zero-Balance Punishment — If you sell all your HAVEN and your balance = 0, your collectible date for BNB rewards will increase by 50 years. This is to discourage day trading of Haven.
If you still want to collect BNB, you can transfer your $HAVEN to another wallet. Then you can collect your BNB normally, no need to wait 50 years. Remember you will be charged the 16% transaction tax for the transfer between wallets.
How to buy?
Safehaven Defi will soon be commencing a Unicrypt Initial Liquidity Offering with a 10% discount on Haven. The team will share the link soon and you will receive your tokens on the day of launch on Pancake Swap.
Initial Liquidity Offering Price 1 BNB = 2,000 $HAVEN
ILO Date: 30th June 2021
Pancake Swap 1 BNB = 1,800 HAVEN
Haven is a truly deflationary coin by design. The supply keeps decreasing with every transaction. 1% of every transaction is burned. In addition, the Dead Wallet is a wallet holder for reflection interest, with 50% of supply, meaning a large portion of reflection interest from transactions goes to the burn wallet too.
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