Last few days — maybe last hours — before breakout, grab a cheap bag while you can.
xUSD is the first private and decentralized stablecoin and can be minted by burning XHV: shinny app, working product, market cap under 20M, strong demand for its usecase and more "xAssets" like xGold or xBTC are coming. Haven is like Synthetix on Monero with Ampleforth-like tokenomics, powered by chainlink.
An audit of the code was asked by popular exchanges (probably Huobi or Binance given the usual clients of the audit company) and should be released on the next few days. Market cap is so low because XHV is only listed on shitty exchanges (Bittrex which requires KYC and Tradeogre which has very low liquidity), it's going to explode as soon as it gets listed on a good exchange.
Who will use xUSD: -ppl who want to do tax fraud since blockchain analysis softwares are becoming more and more popular, crypto will not be the wild west it is today and soon the IRS will look further into defi on ethereum -ppl seeking fast and low-cost stablecoin transactions, ethereum gas is getting insanely expensive and I’m not holding my breath for eth 2.0 -Whales who don't want to be caught transferring funds from one exchange to another (chain analysis algos give good alphas, believe it or not...) -criminals, drug cartels don't like using XMR because they don't want to be exposed to its volatility so they need a private stablecoin and xUSD is the only one
No you need to buy XHV or xUSD on an exchange and then send it on your haven vault. xUSD and other xAssets are minted by burning XHV: if you have 100 XHV and XHV price is $2 then you can mint 200 xUSD. XHV demand will increase if users want xAssets like xUSD or xGold
Michael Myers
Pump it you boobs.! Completely undervalued. And a top 5 exchange around the corner xhv ftw!
clearly you're not investing into a stablecoin - it's the network value that is so vital
Elijah Ramirez
Nice privacy honeypot coin when you need to register ona KYC bullshit CEX. Is it at least possible to mine Haven? Or more importantly can It swap with ethereum tokens?
Jackson Brooks
The project has a weird history, original devs left because they couldn't achieve what they promised so members of the community and monero devs took over and actually managed to deliver a decentralized ecosystem of private assets. Good exchange will very likely come in the next few weeks, if you prefer to buy at $10 it's ok
No you need to burn XHV to mint xAssets You can already buy on non-KYC exchanges, besides what matters is privacy on the haven network. Yeah you cant mine it. No bridges with ethereum ATM, will probably come in the future
Asher Nelson
xUSD is stable, XHV is not. You mint xAssets by burning XHV so if users want xAssets XHV supply will decrease (quickly)
what do you mean fake? are USDT or DAI fake dollars? Obviously you're not going to receive a gold coin at home lol, xAssets are synthetic assets on a private blockchain
Justin Rodriguez
cashing out into tether is an alternative, what does that mean to you?
Matthew Jones
>are USDT or DAI fake dollars? USDT? For sure it is fake.
>Obviously you're not going to receive a gold coin at home lol, xAssets are synthetic assets on a private blockchain So... fake resources minted from nothing. Thanks.
Ian Clark
It means that you're buying $1 coins that are not fully backed by real USD.
Josiah Clark
They’re not fake. They’re synthetic and it’s value comes from exchanging something with real monetary leg that is XHV. It’s the same concept of paper gold and future contracts. Just better.
Eli Hernandez
It's all about value - if one values their privacy in this constantly evolving digital world - this is it
>So... fake resources minted from nothing. Minted from XHV which has value, not nothing. Dude are ETF fake? In finance you rarely trade the real asset only synthetic versions of it, what matters is that it's backed by something real. If you don't understand this why are you even investing in crypto lol just buy shiny rocks idk
Easton Morris
xUSD is not fake resources because you have to use something of vaule to enter - as in you have to buy XHV
Lincoln Morris
Just saw that thing has 5% dev fee, so, shills trying to say it hasn't premine are essentially lying. I prefer Monero or even other legit CryptoNote coin that has 0 premine or 0 developer fee (there are some).
Alexander Fisher
>They’re not fake >They’re synthetic and it’s value comes from exchanging something with real monetary leg that is XHV. If you can't trade for the real resources they represent, so, yes, they're fake. Thanks for proving my point.
Hunter Nguyen
not a premine it's a tiny fee in comparison to what it provides
Austin Howard
No lies please you had enough time to accumulate. There is a fee and a time lock if you want to mint xAsset in a short amount of time but they are not compulsory (you just need to wait longer) and are needed to avoid manipulation
Josiah Watson
If you want to buy gold coins just cash out? Are you retarded? I think you need to go back to the basics, learn and understand what a digital ledger is
Jordan Jones
Just try to execute all future contracts on earth at the same time and see what happens. Instant crash. If everyone wants to redeem their xGOLD at the same time, everyone gets paid. It’s called algorithm peg. Not really for everyone.
Colton Martin
KEK You're literally trying to shill something that promises to mint literally fake gold minted from nothing and I'm the one retarded. Ok then. You know what? I may buy some of it. It has a big chance of the many retards in crypto not realizing that those generated assets are essentially fake and starting to mass buy this scam (like the shills here already did). Scams easily succed in crypto after all. Thanks for the advice, shills. Going to pick some at TO.
Grayson Myers
youre right, im gonna buy 20k at ATH
Gabriel Moore
Lol let dem plebs stay poor. As blockchains become a surveillance paradise, make sure you do the right choices to protect you and what you own.
