Space Summary
The Twitter Space Haven1 Community Call hosted by Haven1official. The Haven1 Community Call delved into the innovative solutions offered by the REKT-resistant EVM Layer 1 blockchain, focusing on enhancing security and liquidity within the Web3 space. Key takeaways emphasized community engagement, partnerships, user-centric design, and sustainable governance models. The discussion highlighted Haven1's commitment to transparency, continuous improvement, and technological advancements. With a niche in infrastructure, Haven1 stands out for its dedication to addressing critical challenges and fostering a collaborative ecosystem.
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Questions
Q: How does Haven1 differentiate itself in terms of security and liquidity?
A: Haven1's focus on being REKT-resistant and offering EVM Layer 1 solutions sets it apart in addressing Web3 challenges.
Q: Why is community engagement crucial for the success of Haven1?
A: Community participation fosters trust, feedback, and a sense of ownership, vital for the growth of Haven1.
Q: What role do partnerships play in the expansion of Haven1's ecosystem?
A: Partnerships drive innovation, liquidity, and the development of new use cases within the Haven1 network.
Q: How does Haven1 ensure user-friendly experiences for its users?
A: Haven1 prioritizes intuitive interfaces, educational resources, and seamless interactions to enhance user adoption.
Q: What are some key governance features of Haven1?
A: Innovative tokenomics, transparent governance models, and community-driven decision-making mechanisms contribute to Haven1's sustainability.
Highlights
Time: 00:15:42
Focus on REKT-Resistance Exploring how Haven1 prioritizes security measures to protect users against loss.
Time: 00:25:19
Community Engagement Strategies Discussing the impact of community involvement on the growth and development of Haven1.
Time: 00:35:55
Partnership Announcements Unveiling recent collaborations that aim to expand the ecosystem of Haven1.
Time: 00:45:30
Governance and Tokenomics Insights Insights into the governance structures and token economics driving Haven1's ecosystem.
Time: 00:55:10
Roadmap Updates and Development Plans Highlighting upcoming features and improvements in the Haven1 network.
Time: 01:05:48
Feedback and Communication Channels The importance of transparent communication avenues for community feedback in Haven1.
Time: 01:15:25
User Experience Enhancements Innovations and improvements aimed at creating user-friendly interfaces in Haven1.
Time: 01:25:12
Educational Initiatives for Community Empowerment Empowering the Haven1 community through educational programs and resources.
Time: 01:35:40
Sustainability Measures in Haven1 Exploring initiatives promoting the long-term sustainability and growth of Haven1.
Time: 01:45:17
Innovative Features and Use Cases Showcasing the unique technological aspects and applications within Haven1.
Key Takeaways
- Haven1 focuses on being REKT-resistant, emphasizing security and liquidity in Web3.
- The blockchain addresses critical challenges by providing innovative EVM Layer 1 solutions.
- Community participation and engagement are fundamental for the success of Haven1.
- Haven1's technology shows potential for transforming security measures in the blockchain ecosystem.
- The discussion highlights the importance of decentralized finance (DeFi) principles within Haven1.
- Partnerships and collaborations play a significant role in expanding the ecosystem around Haven1.
- Emphasis on user-friendly interfaces and intuitive experiences to drive adoption and usability.
- Innovative tokenomics and governance models contribute to the sustainability and growth of Haven1.
- Transparent communication and feedback mechanisms are key aspects of the Haven1 community culture.
- Regular updates and roadmap developments reflect the commitment to continuous improvement within Haven1.
Behind the Mic
Introduction and Waiting for Participants
Hey, Jeff. Hey, everyone. Just waiting on Abhishek to join us and then we'll get started. Hello? Yep. Sounds good. Loud and clear. Perfect. Hope everyone's doing well today. There you are, Abhishek. Hey, welcome. Let's do a quick sound check. You hear us okay, Abhishek. Hello. Am I audible? Yes, I can hear you. Perfect. Thanks. Okay, sounds good. I think we're almost ready to go. Just waiting on some people to join us. Make sure that nobody misses anything. Welcome, welcome, everyone. Over 100 listeners. Okay, I think we'll get started. Welcome everyone to our community Ama.
Community Updates and Discussions
We have a few exciting updates coming in this ama, as well as answering a lot of the questions that have been coming from the community. There's some really interesting questions around the product set, the roadmap, kyc issues, tge, airdrop questions. So we'll dive straight into it. I think we'll get started with you, Jeff, giving us a few updates, some progress and stats for haven one. Anything exciting that's coming down the pipeline. So I'll hand it over to you, Jeff. Great. Yeah, so thanks. Thanks for having me as always and nice to see the participation in this call. I got a lot of exciting updates for everybody. So I guess we'll start with just like general Testnet stats.
Testnet Statistics and Community Involvement
So we just reached 300,000 community members. So really good metric and milestone for us to hit as a community. Really thank you to everybody that is involved in the Testnet and joining the Haven one rect resistant community for everybody that's been in from the beginning up until now. Each and every one of you is very important to us and we hope to continue a very long and fruitful journey with everybody in this community. So testnet transactions, we're seeing really good growth there. So roughly 50 to 60,000 a day. I think we had an all time high of roughly almost 80,000 transactions. So really good to see everybody interacting, whether it's with the GM button or with actually doing swaps and liquidity, provisioning and other items that we have staking ETH, doing the native staking eth. That's great.
KYC Progress and Business Developments
We're starting to see the KYC numbers pick up as well. So really nice to see the community growth that's there. Next big milestone for us is to get up to. We can't do that without your help. So let's keep it going, keep pushing forward and really exciting on that side in terms of just general updates around the business side of things, we have actually had some exchange partners come on as backers of Haven one. I'm going to be vague about some of these updates today as you'll understand why in a second here. But we are also finalizing some of the exchange listing conversations, which I think is something that's very important for everybody in this community to be able to have that liquidity.
Upcoming Features and Community Investment
And of course we'll also have our decks, the haven one swap decks for the H one token swaps. And I'm also talking about doing some of the liquidity on like Uni as well. Uniswap. We do have some really important and exciting updates that talk more around like the real world asset tokenization and interest bearing stables on Havenone, not built by us but with really strong strategic partners that will be coming soon. And this gives you guys opportunities to earn not just h one rewards but also other rewards from our partners as well. So just more earn opportunities that will not just happen on the testnet, but all this translates directly into the main net when we go live, which is really important to have these partners that are building on top of haven one and aligned with our community goals.
Community-Centric Approach
So I think probably the biggest thing that I want to mention to everybody on this call is that Havenoneone's ethos across the board has been, is community first. And we really want to make sure that we get our community involved. And we've seen a lot of over the years, a lot of l one sdhe succeed and a lot of them fail. And there's a couple points that typically fall into the ones that are successful. I think having a community first approach is really important. And on that note, one of the things that we've decided as a team, and this has been there for a while, but we're making it public now, is that we will be doing a large public round, investment round with our community and everybody that's in the community will be white listed to be able to get in on the same investment terms as the VC's exchanges, institutional partners that have all backed haven one already.
Public Round Announcement
We are being sort of tight lipped about who those backers are today and you guys are probably a little bit annoyed by that. But it's intentional as we want to start to ramp up towards the public round here, we'll start to announce a lot of these things. But I think the key thing here is that we want to give our community access to the exact same terms that these partners have invested in, that create more of a fairish launch type of approach. I think that's really important to have long term buy into our community. There will be other terms that are available for those that maybe want shorter vesting periods, higher unlocks at TGE that you can get in as well. But we will absolutely be making the most recent round terms available to our entire community.
Upcoming Timeline and Expectations
So lots to come on that we will be targeting end of October, early November. It's with one of the largest launchpad partners in the world, one of the most reputable companies in the space. We're really excited that were able to pass. They're very thorough and rigorous due diligence process. I think it's a testament to, you know, everything that's happening on the business side as well as the community side within the Havenone ecosystem. And most importantly, I think, a testament to the need for a solution like this. So, and you guys are all helping really support that. So thank you very much to everybody there. And, you know, because that we want to make sure everybody here has the ability to get in on a piece of the pie that everybody else is had access to.
Looking Ahead
So really exciting updates coming on that front. We're working with a lot of other partners around the liquidity management side, institutional side. Our valley partners are all now getting finalized, so we'll be announcing more of those coming up. And really, as we're pushing towards our main net target, all the stars are starting to align. And this public raise will be the last piece that we really hope to really lift off haven one and two, a really, you know, top tier layer one project. So thanks again to everybody that's involved. We can't do a lot of this stuff without you guys, and so continue to play around, keep giving feedback. I know that the KYC process has been a bit of annoyance for a lot of people.
Continuous Improvement and Market Outlook
We'll be putting out some information around that as well. And there's definitely work to be done there. And we're constantly looking at this feedback and adapting and adjusting. So bear with us on that front. But, yeah, very exciting times ahead here, especially, as you know, I think the general market sentiment is that things will start to pick up here in October, going into November, and then the end of the year.
Updates from the Havenone Side
So stay tuned. And that's the quick updates from the Havenone side. Awesome. Thanks, Jeff. Super exciting stuff. So we've got a lot of questions that have come in over the last couple of hours as well, which I'd love to have Abhishek go through. Some of these, a lot of these are, like I said, related to product set again, KYC, as mentioned by you Jeff, we'll dive into some questions on that front. So I'll throw it to you Abhishek. I'm going to group some of these questions because there's been quite a lot, but obviously let's try to go through as many as we can to make sure the communities get their questions answered. So first one being here is all around the TGE and the airdrop. So primarily, obviously people are interested in the timelines around that as well as the reward hub points and how the allocation will work and some additional features related to that as well. Over to you Abhishek.
TGE and Airdrop Timeline
Thanks gam everyone. Thanks for tuning in. I really appreciate all the support you've been doing to the human one network. So yeah, so the timelines on TGE and Mainnet and snapshot are one of the questions. Our current goal is to launch Mainnet around last week of November 3 week of November, that sort of timeline. And that will be the same time at which we then do the token generation event. The snapshot would ideally be not long. The TGE is when the snapshot would be. We've not yet again finalized the exact date for the snapshot, but given our airdrop program is fairly simple, we don't think there'll be a lot of time between the snapshot and the eventual airdrop. So yeah, I think a lot of these things start coming together mid of November onwards. Then there are questions on how the airdrop allocation is determined.
Airdrop Allocation Details
This has been detailed in our documents. So I would definitely encourage you all to read through the documents on the reward hub which we've spent quite a bit of time writing through example scenarios. At a very high level, 80% of our airdrop is reserved towards XP and 20% of our airdrop is towards NPDEM again. So XP doesn't eat into the LP bucket and LP doesn't eat into XP because these are sort of very clearly segregated. The allocation of that bucket XP is essentially equally over all the xps. That is as an example, if we have as an. Just use these numbers as an example. If you've got million h one tokens to be allocated over a million xps, then one XP is worth one h one token. So the calculation of that is fairly straightforward. Then there are questions on.
Governance Proposals and Feedback
We've also been watching a lot of governance proposals around introducing new tasks such as like introducing a GM boost after the 60 days. Currently the last boost sort of expires at the end of 60 days. There are requests around introducing xps for vesting and so on and so forth. We are very much open to fixing if there's any bugs or any sort of feedback when it comes to the current set of tasks. Unfortunately, we are at a point where there isn't a lot of Runway at introducing new tasks. Any task that gets introduced obviously introduces possibilities of having mistakes and having it distracts us from being able to launch mainnet in time. So we are at that point where you wouldn't see a lot of new tasks getting added to the reward app. All your feedback is extremely welcome. I appreciate everything you've said and if we had a lot more time until TG and Airdrop, some of these are awesome ideas to implement, but we just don't have that much time left to Airdrop NTG, it wouldn't make sense for us to add these new tasks at this point.
XP and LP History Concerns
Then there's one specific questions on XP and LP history onto the website. This is something we've sort of evaluated in the past. There are a lot of complexity. There is a lot of complexity of showing this history to users. For example, we could have a momentary downtime on the calculation process, at which point the history might not be matching with the exact sort of number of XP and LP you're seeing, and that causes more confusion. So to avoid confusion and to make sure community doesn't end up spending a lot more time there than is needed, we've removed. We've sort of decided not to add history. If you have some concrete questions and concerns on okay, this particular task is not getting rewarded or, you know, I have gotten fewer XP's, then what I should have in this concrete ways do. You can always sort of reach out to us through any of the community channels or you can sort of log a bug. But we are like just from an XPLP perspective, we aren't really at this point over engineering and adding more features to this.
KYC Challenges and Community Feedback
Hopefully I've answered all the questions. Yeah, absolutely. Thanks for that, abhishek. So that's good to know. I think that covered quite a lot of the questions people had. I think we'll move on to the next section, which is all about KYC related questions. So particularly as we know people have had some difficulties around face verification. I think we've talked about it obviously last time as well. On our community ma, we've given people some tips as well on how to best approach this. Some of those things are device related. Some of the things are related to other aspects as well. So it would be good to cover some of these difficulties around KYC, but also talk about some of the features around the Havenone passport.
Community Feedback on KYC Process
For sure. So I think I'll start by saying that the feedback that the community has shared on all the ways and all the different sort of permutations and combinations of how KYC is broken has been extremely helpful. It has allowed us to have a much broader coverage of device and browsers. Where KYC works and where it doesn't, a lot of these issues are unfortunately outside our control. As an example, a lot of our community is using mobile devices to be able to access a testnet. And as much as it frustrates me, the mobile web three experiences are nowhere near the quality of experiences you would have when you are doing web two experience on a mobile. The integration between how your Dapp switches over to the wallet, either through a wallet connect or some sort of app kit. There are just a lot more issues and bugs.
Specific Challenges with KYC
So even the even protocols that have been around for a long time struggle to get this right. So there are sort of just some things that we cannot sort of solve on our own. And as the web three, browsing on mobile experience improves, those things will come over as well. Naturally, there are some specific things that are. There are some things that are specific to havenone which we just cannot improve again. For example, metamask is. I've seen metamask is a very good way to browse the inbuilt browser within metamask is a good way to browse web three. Unfortunately, while that works for every other thing within haven one, it doesn't work as well for id verification because id verification requires being able to open your camera, being able to sort of record face verification and id. And those things do not sort of work inside the browser that's provided in Metamask.
Technical Limitations and Improvements
These are typically webview browsers, so that they just don't have the level of sophistication that the browser, like your native safari app or native sort of chrome app would have. So those are things which are specific to haven one, but cannot be fixed. But there are many others which can be fixed, and we've sort of spent a fair bit of time over the last two to three weeks solving a lot of these issues. As we are tracking these numbers on how many users are starting verification, completing it, and passing it, these numbers are starting to meaningfully trend in the right direction. So while I can completely understand your frustration around KYC, I can tell you there's a lot of things being done behind the scenes to make it much better. And you will start to see a lot of that showing up over the next few weeks.
Addressing Specific KYC Queries
As you have seen in the last few weeks, there's two more questions there which are very specific. One, if you have done KYC using a particular wallet on Desknet, can you switch wallet on Mainnet? The answer is we will allow users to add multiple wallets onto a single py once we go to Mainnet. So yes, it should be fairly easy for you to be having a different primary wallet on which your pois or your KYC has been done, and you would be able to join all these wallets into one KYC that you've done. So that should be fairly easy. There's one more question on can developers set up their own bespoke verification levels?
Unique Strengths of Haven One
It's a very good question. I can tell you this is one of the unique strengths of even one we built haven one from ground up, preparing for this possibility. A lot of us have worked in centralized exchanges before where we've seen that often different applications will have different level of compliance requirements. And that would be the case for dapps that are building on haven one as well. And they can very much configure the level of KYC they need. And then if the level of KYC that the user has done or you've done as a community not matching the requirements of the developer, you will be sort of nudged to level up your KYC. So yes, it's developers can potentially integrate more complex level of KYC requirements depending upon their compliance needs. And even one as a chain will very much support developers to be able to do these things.
Issues with Web Three Browsers
Yeah, thanks, Abhishek. Before we move on to the next section, I do want to just highlight something or get a little bit of clarification as a user. If I'm having, let's say, issues with my web three browser from Metamask, what should I be doing? Just to give you a little bit more information, what is the best case scenario for somebody? What should they do if they're having an issue? So in my experience, the best way to go through this is to browse everything related to haven one, such as sort of signing up, such as landing onto the portal, switching the network, signing the transactions, all of that within the metamask browser. As you start id verification, we give you a link that you can one tap copy, and then you can go and paste that in the primary browser that you have, such as the chrome and Safari, and complete id verification there, that link that you copy will directly take you to Synapse and then you can go through that sort of, you can complete your id, your face scan and your id document scan within Chrome or safari one way we've seen a lot of our user interact and that has meaningfully lower failure rate.
Alternative Browsing Solutions
The other approach to this is to use, if you don't want to use the browser within metamask, you want to browse within a chrome or a safari, you are recommended to use wallet Connect, then try to connect to metamask. That way you can sort of, you don't have, you have a decent experience, I wouldn't say perfect experience, signing transactions and sort of switching networks or whatever you need to do to get to id verification and then id verification can be completed within the chrome or the safari. You don't have to switch browsers. So those are two sort of meaningful ways to go through id verification that works nice. Thank you.
Roadmap and Future Plans
There's a couple of questions here in terms of the features and roadmap that I would like to go through. I think we won't go through each of the questions just because I think some of them overlapping. But in terms of the roadmap, is there something that we can basically share with the community in terms of where should they go to find that or any sort of documentation around product set that's coming? Yeah, very much so. In fact, I, we've sort of even one has made the roadmap available to the community for the last few months now. You can ask about that in our community channels, you can find it in our documents on the docs dot hevenone.org. and I do want to sort of plug that. This is not the case with most other layer one and layer two projects that are in the similar phase of execution. So, so even one's been very transparent when it comes to what our sort of immediate goals are leading up to Mainnet, what we expect to be working three to six months post mainnet and then we, what we want to achieve over a medium to long term timeframe.
Addressing High Traffic Concerns
So yes, I encourage you all to go through the roadmap and ask questions. And all those questions are welcome. Nice. Let's do some of these questions individually as well. There's some questions around handling high traffic. Is there something you can also weigh in on? Yeah, so this is, I think a very good question. And we've had, by the way, similar questions around speed of the network. I do want to sort of. So firstly, let me just sort of talk at a very high level. When you look at a blockchain and often. Well, I'll see you there for a second, abhishek. Sorry, am I audible? Yeah. We'll ask you for about like 5 seconds if you can start over. Yeah, so I see it's similar to the question you've asked around sort of performance of the chain. I saw several other questions and I think this is a good subject to maybe talk about with the community for the first time.
Understanding Network Design
So haven one's unique network design again is based on proof of authority. So there are seven reputable web three and web two organizations that are validating our network and versus someone like Ethereum or a Solana, which typically has 3000, 5000, 10,000 depends upon whose number you trust. Nodes that are verifying validating the network. Because we have fewer nodes, it allows us to scale the hardware requirements relatively easily compared to the likes of Ethereum and the likes of Solana. And that gives us a lot more ability to be able to increase transaction per second if we have to, at some point in the future. The last performance test we've done this is about a year back. We were able to see the TPS in the range of 400, 500 and the network. We've added more validated nodes than there were at the time.
Transaction Speed Expectations
So I would expect our, again, we need to update those numbers, but I would imagine our TPS is just from a benchmark perspective, assuming it's 400, Ethereum is 15. I would say our network is already quite sort of. The number of transactions that can be done in any given second on Havenone is already quite good compared to a lot of other layer one and layer two. And more importantly, the network is built such that these things can scale sort of fairly easily if required. Awesome. Thanks Abhishek. There's other couple of questions I would like to ask you.
Performance Indicators for Efficiency
I think you'll give a good insight to the community around the network design infrastructure of haven one because I don't think we had much opportunity before for the community to learn really deeply into the ecosystem and the design of it. So I think we've touched obviously on handling transactions and handling traffic. But in terms of the verification infrastructure and handling demand, are there any key performance indicators that we use to measure network efficiency? Yeah, that's a good question. So I guess like when you think about scalability of a network such as theven one, as much as we want the chain to be able to have a very high tpS, good finality and ability to scale, there are services such as KYC, et cetera that also need to scale at the time of user onboarding.
KYC and User Onboarding
I can tell you that our current provider, we have the kind of relationships in the space where we're able to sort of bring in a lot of increased capacity. So I want to share with the community that our median time to verification, when you have been doing KYC, like call it, our average time to verification is less than ten minutes. So that is already quite good compared to what I've seen in a lot of other organizations which require KYC. And this can potentially sort of scale up and down very easily in close coordination with our KYC partners over a medium to longer timeframe. We also want to have additional KYC providers so that we are not sort of, if one provider cannot scale as fast, we can potentially have traffic going through the second and the third provider, such that our users are being able to sort of, our users are able to onboard onto the chain in an easy and in a good user experience manner.
Infrastructure Resilience
So there is so in long story short, a verification infrastructure is set up fairly well to handle increased demand, and that's kind of how we've done it over the last month or so. I think it's a good testament to it. But even more importantly, this can scale fairly easily in the medium to long term time frame. One of the other questions, again, I just sort of, on the network design, there was another interesting question I saw for the first time, which was the gas fee structure on heaven one.
Gas Fee Structure
Normally, the way the fee markets are calling the gas markets are built on any chain, is that users. And again, this has changed a lot in Naliyah, in a chain like Ethereum, over time. But the larger design has been that users spend gas to send transactions, and that gas is typically paid in some form of crypto, and that gas is paid out to validators who are essentially running infrastructure to, and might be running infrastructure, might be running a stake to incentivize them to validate these transactions. Now, that's usual sort of structure on this works very well, except that when the chain needs to scale, these gas sort of ends up being increasing a lot, and then users are not able to transact on the chain.
Scaling Challenges
There have been examples on Ethereum, on Solana, on a lot of other layer one, layer twos, where the chain couldn't scale very well. And then the sort of fees basically got to a point where a user basically cannot transact on the chain anymore. And Havenone's design is built in a way that to handle this much better, we are a gasless chain. So a lot of basic things on the chain, such as being able to transfer tokens between being able to send tokens to your friends and your family, that's a transaction which will never have any gas fees on Havenone.
Developer Application Fees
And more importantly, what haven one also enables is that to allow developers to set up application fees. If a developer is building an application, let's say on Ethereum or on Solana, the fees that a user is paying to land their transaction is actually not getting paid to the developer. So developers are struggling actually to figure out the business models. What haven one allows developers to do is to be able to have an opinion on that. These specific functions within their application should be having this sort of an application fee, versus this other function should be having a different application fee.
Revenue Streams for Developers
This allows a lot of freedom to developers to be able to build revenue streams out of heaven one from the d one onwards. And it also helps users, because then you could have a lot of transactions being available for free, but then high value transactions can be available for not free, for slightly higher than free sort of costs. So I think I would say our gas, the way we designed our local free markets, is very novel, very sophisticated compared to what you see in a lot of other chains, which are usually all of which are sort of copy paste of what sort of Ethereum or Solana has done.
Closing Remarks
Thanks, Abhishek. We'll give an opportunity for Jeff also to answer a few questions.
Overview of the Grant Process in Haven One
The first one is grant process in Haven one. And what types of projects are we specifically looking for? Looking to support, to build on haven one? Sure. Yeah, Abhishek was crushing it. So it's all good in terms of the grant process. So for anybody that is in our community that is looking to build or has an existing application that wants to build and release their app on the Hap store, all you have to do is go into the developer links on our website and then you submit a form each week. We basically are doing a. We have a group of people that are sitting the committee that review the proposals from builders looking to build in the Havenone blockchain. One of the things that's very unique to Havenone is that because there is a review process to applications launching on our network. Unlike a permissionless ecosystem in which everybody can deploy at any single point in time, it does create a very unique opportunity where you have a bit of a land grab within the Havenone ecosystem where we can work with you to also offer exclusivity for specific protocols for a set period of time.
Support and Incentives for Builders
So we have a lot of very interesting incentives available to builders that don't exist in other ecosystems. And we look at ourselves as complementary to a lot of the permissionless ecosystems. So just because you've launched your application on Ethereum, binance, smart chain, or any of these other blockchains, doesn't mean that you can't and you shouldn't consider deploying into havenone, especially as we are EVM compatible. It's very easy to port your application over, and I think the communities in general are very complimentary to each other. So the process is just to reiterate, as you go into our website, go into the developer section, submit a proposal to us, we review it once a week. We'll reach out to you with any questions that you may have and then that we may have, and then we decide from a committee standpoint, do we want to give a grant to the project for deploying typically $5000 to $100,000 worth of h one tokens is available, and that can change if there's a really big strategic opportunity available. We also do a lot with in terms of support for projects.
Assistance Offered to New Projects
We can help you guys with the smart contracts, we can help you guys with connecting you to auditors. We can help with co marketing, which is something that I think a lot of communities oftentimes start to present to builders. But then because of the permissionless nature, it's very hard to actually stay on top of this. With Havenone, I think we have a very clear funnel for builders, which makes it much easier to operationalize, which actually ends up benefiting the projects or builders that are coming into our ecosystem. In terms of projects, the areas in which we see the strongest use cases popping up right now is what we call actually DeFi 2.0. And DeFi 2.0 to us expands beyond just the Dexs and lending markets and perpetuals markets, but expands into the cross pollination of a lot of these products into real world asset tokenization. So examples are interest bearing stable coins or projects that are looking to use something like a tokenized money market fund and then offer an interest earning product on that using DeFi looping.
Emerging Trends and Opportunities
Those are some of the very basic areas in which we're seeing a lot of traction so far, but it goes way beyond that into prediction markets. We have a lot of gaming companies that are very interested in our product because of the gasless nature subsidized through the application fees. Like this is something that's very easy and developer friendly. You can charge dollarized fees for lives and extra sorts of things beyond just nfts, which I think makes it much easier for gamers to gaming developers to be able to launch and monetize not just in bull markets, but also in bear markets. And I think in general, we're looking for new, unique use cases as well. It's an open platform, and anybody with any type of protocol can always submit to us, and we're always reviewing protocols that are coming in. Social fi defi DPin. Excuse me. All these things have a place within the havenone ecosystem, so there isn't a specific area of focus for us in particular.
Adapting to Market Trends and Technology
But we're all ears right now. So anybody that is thinking of ideas, we're happy to bounce around what you're doing and building to see if it makes sense to build on top of haven one and get access into the 300,000 community that's strong here. Awesome. Thanks, Jeff. And I think there was another question, last question, which I think was already answered by basically everything that Abhishek went over and what you've discussed as well. But the question is, as Haven continues to grow and adapt, how do we plan to stay ahead of rapidly changing market trends, emerging technologies? I think everything that Abhishek covered basically highlights the nature, the innovative nature of haven one and what we're trying to achieve. And that will be the main. Everything that he's covered will be part of how we're looking to stay ahead.
Future-Proofing Haven One
But anything else you would like to add to this question? Yeah, I mean, this is a huge question to unpack, because crypto even, I mean, in general, tech industries usually move quite rapidly, but crypto is at a whole other level, and narratives are always shifting and changing and making sure that you're ahead of them so that you can capture the momentum is really important. I think from an l one standpoint, what we've done is we've taken more of a product market research approach to building out the foundations of what we've done. And this comes into all the stuff that Abhishek's talked through. So the H passport, our network guardians, the permission deployments, mandated smart contract audits for builders. And from our standpoint, we feel that we're in a position in which we can bring on any type of new project with our enterprise grade infrastructure that targets, really, retail communities.
Innovative Ecosystem
And so this means that everybody can come into the single safe haven ecosystem and interact with safe, secure haps, whether it is a DPIN app or a DeFi 2.0 on chain asset manager app, whatever that is. And whatever narrative comes around, we're just a more secure place for that. And being EVM compatible where the innovation will oftentimes happen, is going to be in the permissionless ecosystems inherently because it's much easier to deploy contracts there where there's also going to be a lot more hack scams and rug pulls. But when innovation looks to mature and really look for its next leg up, Havenoneone is a perfect ecosystem for that. And we're already seeing this happening a lot. You're just talking about like our validator partners, not naming names, but each and every one of them has put some level of a business case together as to why they believe Havenone is the next blockchain that they want to take their large enterprise great infrastructure to and build on top of.
Bridging Traditional Finance and Crypto
And so I think that in a way, future proofs the blockchain is it's not just kind of chasing these narratives, but it's making sure that the foundation is strong enough that you can have long term sustainable projects building on top of you that are able to bridge between traditional finance and crypto, fiat and crypto. And a lot of that stuff, though it is a objective for every other blockchain. When you talk permissionless, there's a lot of faults that will stop mainstream adoption from coming in. I think foundationally what Havenone is doing is much different than what a lot of others are taking. And we don't look at ourselves once again as a competitor or Hedera or ETH Killer. We look at ourselves as very complementary to those. We allow mass innovation to happen on the permissionless side.
Closing Thoughts and Acknowledgments
And then when you're looking to mature your product into an ecosystem that is still bustling and robust, haven one is a perfect place for that. Thank you, Jeff, for that summary. And thanks to and Abhishek for both joining the call today and giving us such a detailed explanation. So all the questions that have come in. There was another last question, which I'd like to answer as well, which was around the Satoshi app. For any users who've joined us through the Satoshi app campaign that we've done, you can submit your wallet addresses in Satoshi app, but there will be a need to register and complete KYC on Haven. Thankfully, the team has been working on launching our very own landing page to make it much easier for everybody to understand the instructions on how to do that with a very detailed KYC guide and how to complete the registration in order to be eligible for the upcoming airdrop rewards.
Incentives and Community Engagement
So keep an eye out on that if you have joined our community from Satoshi and again, thanks Jeff. Thanks Abhishek for joining the AMA and answering all the questions. As a reminder for everybody who's been listening, five best questions will each earn 250 h one Testnet tokens, and 15 lucky winners will walk away with 100 h one Testnet tokens. If you're wondering what Testnet tokens are, I'm sure you've been interacting on a testnet and using the faucet. Those testnet tokens allow you to perform different actions on a testnet, such as swaps and complete other actions as well. So these testnet tokens will allow you to do a lot more of those actions and consecutively. Obviously, the more actions you complete, the more you interact with the testnet, the more airdrop rewards you will receive.
Call to Action for Community Participation
So make sure that you do those things on the testnet, interact with the community, with the team. Make sure that you follow all our social channels, our community channels. And yeah, the winners will be contacted by our team through X and through other social channels. So keep an eye out on those messages and thanks again Jeff and Abhishek. Any closing remarks? Sounds like we're both, we're all good. Yeah, this is where we both unmute at the same time and then try and talk. No, I think I'll get so exciting times ahead. Everyone, just to reiterate, we will be from, in case there's, it looks like there's a lot of new joiners coming in as we ramp up to the public round. That happens towards the end of October and November where the community members can all partake in the same investment terms that our top investors have invested in us at.
Future Announcements and Community Engagement
That'll be coming here and just pay attention to what we're doing. And we'll be doing tons of announcements around validator partners, those specific investment backers, both institutional as well as venture firms, exchange listings and everything. So a lot of very exciting things to come up and let us know if you have any questions. And thanks to the community for such a great turnout for this call as well. We'll see everyone on next one. Thanks everyone. Bye everyone.
