It is common for friends and business partners to pool funds together to invest in a common asset. It serves two main purposes: it may not always be possible for one of the group to raise all the capital to invest in the asset, and investing as the group shares the investment risk among the members with none of them taking on too high a risk.
The value of cryptocurrency has been very volatile since its inception. Over the last few years, various government regulations have sprung up around investment in cryptocurrency making the market uncertain in many parts of the world. This makes it appear that cryptocurrency is a risky asset to invest in. On top of that, the rates of Bitcoins have rallied so high that many new investors are unable to enter the market anymore.
This makes an investment circle the ideal way to invest in a cryptocurrency. But the problem is how does one ensure that no member of the investment circle abuses the control of the asset. The access to cryptocurrency is controlled by a private key. Any member with access to the key will be able to use the asset as she sees fit, without the approval of other members of the investment circle. This conundrum had been impossible to solve so far - and the only way around was to trust the members to behave honestly.
Safe Haven has found an ingenious solution to this problem. They use cryptography and multi-person integrity to ensure that none of the members can access the asset without others agreeing to it. To achieve this, the private key is first secured using a strong encryption and broken up into parts. All the parts are needed to assemble together for the private key to be reconstructed. This ensures that none of the members can act indiscriminately.
One part of the private key is stored on the blockchain, protected by a smart contract. This will only become available once a preset condition is met and the smart contract activated. This condition could be anything the members of the investment circle decide at the time of investment. Examples include price threshold, a set period of time, or a consensus in the group.
This way, one need not just depend on trust within the group. This also ensures that the access to the asset is unlocked only when a preset condition is met - and not as a result of any knee-jerk reaction to the market conditions. This is an important aspect of buyer’s remorse can force some of us to sell off an asset even before all possible profit has been realized.
Given that Bitcoin has already breached $20,000 threshold, it makes sense that new investors pool money together to purchase a coin. The solutions provided by Safe Haven will go a long way in encouraging more people to invest in this budding asset class of cryptocurrency - not just Bitcoins. Equally, as the value of Safe Haven’s services is bound to increase over time, it is paramount that one invests in SHA-tokens to ensure that they can participate in this growth.
Other ICO details
Ticker: SHA
1 SHA token = 0.0005 ETH
ICO sale: February 24, 2018 (00:00:00 UTC) to March 10, 2018 (00:00:00 UTC)
Bonus: Available
Bounty: Available
Platform: Ethereum
Accepted currency: ETH
Minimum investment: 0.10 ETH
Soft cap: 3,000 Ether coins
Hard cap: USD 25,000,000
Country: Belgium
Whitelist/KYC: Both
Website: https://safehaven.io/
Whiepaper: https://safehaven.io/files/SafeHaven_WhitePaper.pdf