What is Safe Haven?
Safe Haven is a platform that develops decentralized finance (DeFi) solutions to help users store, transfer, and manage their digital assets safely. The protocol’s solutions cover assets like cryptocurrencies, NFTs, images, passwords, documents, and other digital files. These solutions are available for individuals and even established institutions.
Safe Haven’s main feature is its digital inheritance product – Inheriti. Inheriti is a fully decentralized inheritance protocol that allows for the secure handling and processing of users' assets in case the benefactor is incapacitated or dead.
Through the digital inheritance program, Inheriti safely transfers private keys, personal information, and other assets to beneficiaries in case of a user's incapacitation or death. The program leverages blockchain and other fail-safe models to ensure a seamless and tamperproof process of passing assets to loved ones.
Safe Haven’s Inheriti features a built-in vault, mobile application, and standard and business edition tools accessible across multiple chains.
Apart from Inheriti, Safe Haven runs a distributed virtual Hardware Security Module (vHSM) infrastructure. This feature leverages distributed ledger technology (DLT) to keep storage decentralized and prevent single point of failure. To illustrate the single point of failure, cold wallets may suffer a hardware failure, get lost, or the user may forget recovery credentials.
Safe Haven’s vHSM integrates cloud storage, cold storage, and DLT to securely back up passphrases and other data. This way, benefactors and beneficiaries can recover assets easily in case of physical loss or damage.
Moreover, the feature-packed Safe Haven allows users to make bulk payments to different crypto addresses via its Atomic Transaction Protocol (ATP). This tool helps businesses automate their payment operations thereby saving time and cost.
Other features of Safe Haven include wallets, ID management, asset pooling, distributed backup, and most importantly the SHA token. Follow the live chart above for the current SHA price.
Use Cases of SHA Tokens
Essentially, SHA is the utility token for Safe Haven. The cryptocurrency facilitates processes on multiple Safe Haven products like Inheriti, SafeKey, and SafeID. For instance, SHA crypto assets are used when setting up an inheritance plan. The benefactor deposits 10,000 SHA tokens to get started. Also, benefactors deploy SHA to settle blockchain fees. All other products on Safe Haven also use SHA crypto assets to complete processes for securing digital assets.
Furthermore, you can stake SHA tokens to earn passive income.
Stay up-to-date on the latest SHA price by following the live price chart above.
Who Founded Safe Haven?
Safe Haven was founded in 2017 by Jürgen Schouppe and Andy Demeulemeester. Schouppe is the platform's CEO and CTO, while Demeulemeester is the COO.
Schouppe has over 16 years of experience in network and security engineering, working with the European parliament. Demeulemeester is a seasoned entrepreneur and a full-stack developer with over 15 years of experience across multiple multinational corporations.
The team comprises other members working across 6 different countries, focusing on creating real-world solutions for individuals, businesses, and society at large.
Tokenomics of SHA
Safe Haven deploys a deflationary token mechanism for SHA. Though there is no max supply set for the token. As a deflationary crypto, Safe Haven developers aim to sustain the SHA price as demand for the token soars. Talking about the token distribution, 40% is used to reward the community pool, 10% goes to a burn address, and 50% goes to the company pool for research and development.
