Haven describes itself as an anonymous digital currency that gives users the ability to privately store and transact their wealth without using the traditional banking system. Haven will utilize an algorithmic multi-coin blockchain to provide stable, fiat value storage. Haven does not rely upon a peg or asset backing.
Haven’s multi-coin blockchain will include both Haven (XHV) and the Haven Dollar (xUSD). XHV will have market-priced volatility, while xUSD will remain price stable. Additional price-stable assets will be added to Haven in the future. According to the team, users will be able to swap between XHV and xUSD at any time without having to send funds to an exchange and without the money leaving their Haven vault. The burning (destruction) of one coin will allow for the minting (creation) of the equivalent amount of the other coin. $1 worth of XHV will reportedly always equal 1 xUSD.
Haven uses the same privacy features as Monero. Ring Signatures, Ring Confidential Transactions, and Stealth Addresses are used to keep all transactions private and anonymous. Haven has a maximum supply of 18,400,000 coins with a target block time of 120 seconds. Each block reward is 19.256 XHV and the tail coin-emission rate is the same as Monero. Once xUSD is implemented, the circulating supply of both XHV and xUSD will be cryptographically unknown.