If you're keen to get in on some free cryptocurrency then airdrops should be something right up your alley and with so many ICO's popping up each day there is really no shortage of new airdrops to sign up for. A new airdrop has just started by Havven who are giving away $25 worth of nUSD stable coin tokens to anyone who signs up to their airdrop.
Join the havven community now
Havven is a ETH to USD based stablecoin that looks to help faciliate easier trade on ETH dapps, it has recently announced it plans a launch of its own mainnet at the end of July.
For more on stable coins check out my complete review here
How to join the airdrop
- Complete the airdrop form
- Supply an ERC-20 compatible wallet address
- Sign up to their Telegram channel
About Havven
Havven is a decentralised payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralise the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed in proportion with each individual’s stabilisation performance. Thus, Havven rewards suppliers of stability and charges those who demand it.
Havven implements two linked tokens to achieve this structure:
Nomin
The stablecoin, whose supply floats. Its price as measured in fiat currency should be stable. This token is useful insofar as it provides a superior medium of exchange. Thus in addition to price stability, Havven should encourage adequate nomin liquidity.
Havven
This token provides the collateral for the system and has a static supply. Its market capitalisation reflects the system’s aggregate value. Ownership of havvens grants the right to issue a value of nomins proportional to the dollar value of havvens placed into escrow. If a user wishes to release their escrowed havvens, they must first present the system with the quantity of nomins previously issued.
The havven token is a novel decentralised asset, whose intrinsic value is derived from the fees generated in the network it collateralises. This enables a form of representative money in which there is no requirement for a physical asset, thus removing the problems of trust and custodianship. Issuance of nomins requires a greater value of havvens to be escrowed in the system, providing confidence that nomins can be redeemed for their face value even if the price of havvens falls.
The system incentivises the issuance and destruction of nomins in response to changes in demand, but ultimately the intrinsic value of the havvens will reflect the required nomin supply. Backing a stablecoin in this way provides full transparency over how many tokens have been issued against the available collateral. This provides a solid basis for confidence in the solvency of the payment network built upon it.
Denominating the value of the nomin in an external fiat currency means that stability is relative only to that currency. Initially, this currency will be the US dollar, and this is the target currency used throughout this paper, but in the future, the system will support additional flavours of stablecoin that are denominated in other currencies
Learn more about Havven here:
What is an Airdrop?
An Airdrop is when a blockchain project gives away free cryptocurrency to early adopters and those who sign up for initial interest in the project
How to store your airdrop coins
Make sure you have an Ethereum ER20 token compatible wallet. You can create one with Metamask or MyEtherWallet. Once you've set up the wallet simply provide the new hexadecimal ID to claim your tokens. Do not use any hot wallet or cryptocurrency exchange wallet to try and store your airdrop token
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