[HAVAH 2023 Plan] What We’ve Done and What’s Next

Intro

Last week, we announced an official collaboration with Polygon through our official channels. This was a significant achievement for my team. When we started the HAVAH project, we had a vision of a future where HAVAH would enable users to freely move their assets.

‘What if, one by one, the myriad of blockchains available in the crypto market chose HAVAH as a partner to bridge their assets?’

‘And with that, what if people got to not only know about HAVAH but also use HAVAH to move their assets?’

This collaboration is a reminder that we are one step closer in realizing our vision, and we are excited for the upcoming future. It’s only been about three months since the official launch of HAVAH. While there have been some setbacks and situations where we had to change our strategy, we are proud to share that Team HAVAH remains tightly knit and continues to make progress each day.

I would like to take this time to share what we have accomplished so far, what we couldn’t accomplish, and our short and long-term goals.

In this article, I will first summarize what Team HAVAH has accomplished, share what we are working on for this year, and finally conclude with our long-term plans for HAVAH.

PART 1. Achievements So Far

First, let’s review what HAVAH has achieved so far.

1. Mainnet Public Launch: HAVAH Blockchain, Planets, HAVAH Scan, HAVAH Wallet

• Mainnet launch on January 11th
• A total of 1.3 million transactions, with an average of 20,000 daily transactions under uninterrupted operation

HAVAH’s Mainnet launched on January 11th. Even though the HAVAH Mainnet, HAVAH Wallet, and HAVAH Scan were ready to operate by October, we tested out generating blocks, checked over the tokenomics, and ensured everything was ready to go before the launch.

Needless to say, the Mainnet has been operating smoothly since the launch, with over 700,000 blocks and 1.3 million transactions generated to date (averaging around 20,000 daily). HAVAH Planets have also been operating without missing any rewards.

In addition, transaction fees from Mainnet and rewards from non-operating Planets are currently being collected in the Sustainable Fund, which contributes to HAVAH coin’s deflationary model.

2. Project Funding and Recruiting HIIP (HAVAH Interchain Infra Partner)

• 9 Investors
• 16 Validators

2022 has been an eventful year for the crypto industry, resulting in a frozen market for many crypto projects looking to raise capital. Despite the market condition, HAVAH managed to receive a funding of around 10 billion Korean won from reputable partners, a feat that we consider significant.

Moreover, many projects joined HIIP which requires building an interchain environment through block validation and Planet operation. Even with the requirements, many projects agreed with HAVAH’s vision in utilizing interchain technology and participated in HIIP. We are excited about the opportunity to collaborate not only in infrastructure building, but also in various businesses with our partners in the future.

* Please note that the first round of validator recruitment is now closed.

3. HAVAH Mitter Opens, a NFT Specialized Bridge

• Connected with Ethereum, Klaytn, and Polygon
• 601,737 NFT Bridgings
• Bellygom migration partner

The foundation of interchain lies in its bridging service. HAVAH Mitter was already popular during the Testnet event before its public launch, as reflected by the recorded 600,000 transactions. Many people who tried out NFT bridging for the first time shared their excellent experience with HAVAH Mitter, and the HAVAH Friends NFTs provided for this Testnet even ranked number one on Opeansea Testnet trending chart for the Ethereum and BNB chains.

HAVAH Mitter is a bridging service that specializes in NFTs. And it is this service which will be providing means to collaborate with Polygon and Lotte Home Shopping’s Bellygom NFT on their migration.

HAVAH Mitter Link: https://mitter.havah.io

4. The Global-scale Community

• Over 400,000 HAVAH community members
• Rapid growth after Testnet, with 85% of users outside Korea
• Continuous communication through various events and over 10 AMAs

One of our greatest achievements has been the growth of our community, which was able to grow through the HAVAH Mitter Testnet and the +10 AMA events before and after the public launch in January. HAVAH Discord had over 160,000 members at one point (it’s now 150,000), which was larger than the Aptos community.

In the early days of the project, HAVAH was criticized for being a Korea-centric project. However, our expectations for HAVAH’s global growth rose when we were able to grow the non-Korean community to make up 85% of the total community.

Team HAVAH will continue to pursue community-driven growth as this community is and will be an important foundation for HAVAH.

5. Planet Sales: Consecutive Sellouts

• Pre-sale 100 Planets sold out (3 rounds)
• 1,000 Mini Planets sold out (sold 500 each)
• Public-sale 813 Planets sold (ongoing)

The Public-sale, which started on January 11th, has been going on for nearly 80 days. Including the sellout of 100 Planets across three rounds of Pre-sale in October 2022, a total of 813 Planets have been sold, averaging to about 10 Planets sold per day.

In addition, we succeeded in selling out the limited number of mini Planets as soon as they went on sale. Notably, they were sold on the Klaytn network, a decision we made to emphasize an example of a multichain service HAVAH offers.

6. Revised Strategy

• Change in HAVAH’s own NFT project: From SPQ to HAVAH Friends

Initially, Team HAVAH’s Q1 roadmap included the launch of SPQ. However, when we saw that the response to HAVAH Friends NFT was overwhelmingly positive when they were released as sample images during the Testnet event, we decided to shift our focus to further develop HAVAH Friends NFT. As a result, HAVAH’s own NFT project has been changed from SPQ to HAVAH Friends. We are currently working on HAVAH Friends NFT with a focus on benefits for Planet holders and collaborations with other projects. For more information, please see PART 2 to 4 below.

The story and characters from SPQ that have already been created will be rescheduled for release in accordance to the overall plan for HAVAH.

7. Exchange Listing

- Listing on Bybit and integration of HAVAH

Within a year of TGE, Team HAVAH succeeded in listing on Bybit, a global Top 6 cryptocurrency exchange. HVH is currently listed as an Ethereum-based ERC20 coin, but we are happy to announce that the integration of the HAVAH network is in progress. Once the HAVAH network integration is complete, users will be able to directly deposit and withdraw from HAVAH Wallet to the exchange without using HAVAH Mitter. We will let the community know when this service becomes available.

PART 2. Upcoming Major Events

1. Revealing and Implementing Plans for Capital Raised through Planet Sales in USDT

• 60% of the proceeds from Planet sales in USDT will be allocated to the Sustainable Fund
• Current accumulated amount is $2.9M (Presale and mini-Planet sale included)
• After exchanging the funds for HVH, they will be deposited to the Sustainable Fund

The core of HAVAH’s tokenomics lies in the Sustainable Fund, as an increase in the Sustainable Fund ultimately means a reduction in the available circulating supply of HVH. Team HAVAH has already committed to allocating 60% of the proceeds from the Planet sales to the Sustainable Fund, and the same will apply to the Planets sold in USDT. However, since the Sustainable Fund can only hold HVH coins, the accrued USDT will be exchanged for HVH coins through a CEX/DEX before being deposited.

We will apply this policy to the current accumulated amount of $2.9 M USDT and all future amounts. For transparency, we will share the remaining amount and the amount allocated to the Sustainable Fund at the end of each quarter.

2. Planets Available for Purchase in HVH

• Scheduled to open in the 3rd or 4th week of April
• 60% of the amount will be automatically deposited to the Sustainable Fund
• Planets will also be available for purchase in USDT

The long-awaited Planets available for purchase in HVH will be available soon. By enabling the purchase of Planets (that serve as nodes) with HVH, we aim to provide a major use for HVH from the early stages of our project. Team HAVAH is currently developing this feature and plans to launch it on April 20th. And as disclosed in the whitepaper, 60% of the HVH coins will be automatically deposited to the Sustainable Fund upon purchase.

Planets will also be available for purchase in USDT for easier accessibility for buyers, as HVH is not yet widely available in the market. Without exception, the 60% lockup policy will also apply for Planets sold in USDT, as the accumulated USDT will be exchanged for HVH in the market and deposited to the Sustainable Fund. If the demand for Planets sold in USDT is much higher than the Planets sold in HVH, we have prepared promotions such as offering a discount rate for buyers purchasing in HVH.

* Planets available in HVH were originally planned to launch in the first quarter, but have been setback for about a month. We apologize for the delay, as there were some factors that had to be considered more carefully during the development process. Moving forward, we will try to share more updates about any delays.

3. Network Expansion on HAVAH Mitter

• BNB and MEVerse networks to be added in April
• Adding non-EVM chains such as Aptos, Sui, and Solana

Following the announcement of the Bellygom migration, we received inquiries from various projects about network migration and multichain expansion. The truth is that most projects don’t know chain scaling is possible, and find it even harder to implement. By adding more networks to HAVAH Mitter, we aim to meet this demand.

In particular, we plan to quickly connect newer networks like Aptos and Sui, which have been popular among users lately. Furthermore, just like we announced our collaboration with Polygon after supporting its network on our bridge, we are actively working on the business side of things to secure more funding from the network foundations. We also plan to prioritize investing technical resources in projects like MEVerse that can actively utilize HAVAH’s content.

4. Developing HAVAH Friends NFT IP Business

• Pursuing collaboration projects with PAPA NFT
• KIKI NFT minting

As mentioned earlier, we changed our NFT project from SPQ to HAVAH Friends. Recently, we have received several requests to use HAVAH’s character PAPA for a game character and for minting new NFTs.

HAVAH Friends don’t have an inherent utility, but we are aiming to build a gradual growth structure in which HAVAH’s community growth will lead to a higher demand in collaboration, resulting in their rising value and monetization. In short, Planet holders are more likely to have HAVAH Friends, and they will contribute to an ecosystem centered on Planet holders where additional revenue will occur.

Following PAPA, we are preparing to mint the next NFT, KIKI, on the newly connected Polygon network. KIKI will be a character that can grow. As was the plan for SPQ, we hope you have fun raising KIKI. And don’t worry, that won’t be all since you will be able to meet more HAVAH Friends after KIKI. Stay tuned!

5. Adding on DEX

• Adding HVH-ttUSDT pool on HAVAH Swap
• Adding DEX from other ecosystem

HVH was listed on Bybit in February, but we still need to make it more accessible.

Therefore, we will start to support decentralized trading through HAVAH Swap in April and cooperate with DEX services from various networks to make acquiring HVH easier for more people.

* Apart from DEX, we are also continuing to discuss listing on CEX.

6. Decentralizing the Network

• Operated through 16 HIIPs
• Ensuring a minimum level of decentralization to increase network stability

We are preparing to decentralize the HAVAH network. HAVAH Interchain Infra Partner (HIIP) consists of 16 partners who will ensure the stability of HAVAH network by directly participating in blockchain consensus and validation. You can find more information about the partners working with HAVAH in Part 1 and 2.

PART 3. 2023 and Beyond

We have talked about what we have accomplished and what our plans are. And while it is obviously important to work hard and continuously release new products, it is also crucial to share our reasons, our vision for the future, and what our long-term goals are.

Team HAVAH envisions a future where digital assets can be freely utilized without network constraints. To achieve this vision, we have set the following as our mission: “If you are connected to HAVAH, you are connected to all the networks.” Our goal is to provide the same services of all the other networks by connecting to HAVAH alone.

HAVAH is an NFT-focused interchain platform that aims to create an infrastructure where all digital assets can be utilized freely and scalably without network constraints. In the blockchain industry, there is the “Blockchain Trilemma” which refers to the problem that security, scalability, and decentralization are impossible to achieve all at once. Out of these, HAVAH aims to focus on scalability.

To explain in simple terms, let’s compare a blockchain to a city. The Ethereum ecosystem is like South Korea’s Seoul, where the most successful DeFi, high TVL, popular NFTs, games, and DAOs exist. The city provides the highest level of security which causes traffic congestion (high gas fees, low scalability) due to the saturated concentration of users and capital. To solve this scalability problem, Layer 2 solutions are introduced or new networks like Avalanche, Solana, and Polkadot are created.

However, the creation of a new network also implies its isolation. This is where HAVAH aims to provide interoperability with already existing networks and increase the scalability of digital assets.

With this vision and mission in mind, we have outlined a few action plans below.

1. Bridging Service Supporting Interchain

Team HAVAH has launched a bridge HAVAH Mitter[HAVAH + (Trans)Mitter], and this service is the most important product in achieving our vision of a future where digital assets can be utilized freely without network constraints.

Currently, there are a growing number of diverse blockchain platforms, each with their own strengths, helping to form an active multichain ecosystem. However, at the same time, digital assets are becoming increasingly fragmented due to the limited liquidity in each ecosystem.

A bridge is a service that allows different networks or services, each built to different standards and specifications, to send assets or messages to each other. Interoperability solutions, including bridging, can contribute to the multichain ecosystem long term in the following three ways.

• Enable more efficient use of assets, such as staking, collateralizing, and borrowing FT/NFTs issued on other chains on the Ethereum network.
• New chains or services that have developed their own appchain can draw liquidity from other chains that are mature.
• Games, NFTs, DEXs, wallets, marketplaces, etc can focus on the core values of their services ​​rather than worrying about whether their native chain will succeed or fail.

It goes without saying that adding many networks to HAVAH Mitter will be a necessary process for our project. In addition to adding many networks, we would like to share our plans for HAVAH Mitter.

2. Plans for HAVAH Mitter

1) Fully Trustless Protocol

Because an interchain connects two networks, it requires a software to do this job. There are two main types of software for this: trusted and trustless. Most of the currently released bridging services use the trusted method, which is designed to trust a specific entity (usually called a Notary) to operate the software responsible for the connection. This means that the security of the bridge depends on the security of the Notary.

In contrast, the trustless method allows the target chain to directly verify the transactions of the source chain. The software in charge of the connection simply exists as a message forwarder and does not perform any other functions. Even if any tampering occurs in the middle, the tampered transaction will not be approved because the target chain can directly verify the validity of the transaction. This has the advantage of matching the security of the blockchain to the security of the interchain.

2) Fully Heterogeneous

The trustless method described above has already been implemented and commercialized for some interchain projects. However, these methods are generally homogeneous, meaning that they only work with a single type of protocol (e.g- Ethereums-based assets must use Ethereum, Cosmos must use SDK, Polkadot must comply with its specification).

As new protocol blockchains continue to emerge without any signs of stopping, it is essential to have interchain scalability between heterogeneous chains. The interchain technology of HAVAH will ensure a competitive advantage in that it will operate in a trustless environment between different chains.

3) Adding NFT Specific Features

NFT bridges have different characteristics from FT bridges, leaving a lot of room for more extensive features. HAVAH Mitter aims to secure both the advantages of its inherent technology and the competitiveness from its provided services.

For example, the two services that are being prepared are 1) NFT safebox and 2) Certificate of Authority.

In the process of bridging NFTs, the source chain’s smart contract is locked, and multiple NFTs exist in the single smart contract. However, nowadays users can receive airdrops by owning certain NFTs, making it challenging to distinguish whose assets are airdropped when multiple NFTs exist in one contract. This won’t be a problem for HAVAH Mitter because upon request, users of our bridge will be able to create separate contracts for each NFT and get a guarantee of their revenue.

Certificate of Authority may be used to prove ownership of a profile picture or may be displayed in a metaverse. We plan to develop a feature for HAVAH Mitter that issues certificates of ownership that proves that a NFT was owned at a specific time, while restricting ownership changes in the target chain. The advantage is that this feature can be utilized freely on the native chain, while also being able to be utilized on other chains.

As described, various features can be added to the NFT bridge. Team HAVAH understands the many challenges that exist in the NFT market and will work to solve them one by one.

4) Interchain Solution — Bridge as a Service

No matter the convenience a bridge offers, using it can be a difficult process. After all, you have to connect to the source chain wallet, select assets, and connect to the target chain wallet in order to use the bridge.

But what if the bridging service was built into a multichain wallet? Imagine moving your Bellygom NFT from a wallet that supports both Klaytn and Polygon wallets. You select the Bellygom NFT, press the Change Network button, scroll, and select Polygon among the destination networks available. You press and you have just completed your bridging without directly connecting to HAVAH Mitter.

Team HAVAH intends to make HAVAH Mitter a single solution so that service providers can easily bridge their assets. We hope that this convenience will foster an interchain environment where holders of digital assets can enjoy the offered interchain services.

As you can see, there is so much to be done with HAVAH Mitter. Team HAVAH will work to provide the valuable services one step at a time.

3. Business Development Strategy

Team HAVAH is aware that good technology and products can’t be enough to guarantee success without a business development strategy. We understand that product growth and good business management must go hand in hand, and would like to share the motivations behind the current business strategy for HAVAH.

1) Building a Multichain NFT Ecosystem

• Expanding to other NFT ecosystems and supporting chain migration

It is natural that many projects, an example being Bellygom, want to migrate to other chains in order to expand globally. To be more specific, a project that started in Korea could attempt to expand their networks to Polygon or BNB to make their services more globally available.

HAVAH is a good option for projects looking to do this. We have the channels to directly negotiate requirements and also can provide development support if needed. Many projects including Bellygom have sent inquiries about HAVAH’s technology to enable migration and support multichain expansion. This is possible due to the fact HAVAH can support project-based bridging needs. Through cooperating with the interested parties, we hope to offer the needed services in supporting a chain migration and multichain expansion on a project-based scale.

Please note that the portion of the fees incurred during this process will go to the HAVAH ecosystem as per the policies disclosed in the whitepaper.

2) Supporting Game Chain Scalability

HAVAH will continue to support not only major L1 and L2 chains, but also independent game blockchain networks. At first glance, people may think that it is better to support a network with the most NFTs and the largest volume of native assets.

However, it is actually on these independent networks where dependency issues occur the most. HAVAH intends to provide practical interchain solutions for the projects facing this issue by providing a bridge to their independent blockchains.

Previously, we mentioned our collaboration with MEVerse and their game Pocket Battles. When users move their HAVAH Friends to the MEVerse network, they will be able to experience a new game character utility. We are still working on the details, but MEVerse NFTs will also be able to be used in the HAVAH ecosystem.

HAVAH will actively work with the many game chains in Korea. By working together, HAVAH Mitter will provide services so that the isolated chains will be able to connect to a wider range of networks and secure more utilities.

3) Releasing Multichain Launchpad

HAVAH’s mini-Planets have already sold out on the HAVAH and the Klaytn chain, and will soon be sold on the Polygon chain as well.

One of the first concerns for NFT projects when they start out is choosing their chain to mint on. This is because there is a burden of being stuck to the chain once they decide on the minting network. However, HAVAH is showing that this is no longer a case for concern. We have succeeded in NFT minting in the HAVAH community, in the Klaytn community through Pala, and will soon meet the Polygon community through One Planet.

Team HAVAH hopes that these examples will become more common in the blockchain ecosystem. The goal of the multichain launchpad is to allow new projects to develop their product without worrying about choosing a chain, to meet various network communities, and to experience HAVAH’s interchain.

4. CRYPTO GEARS

WEB3 games are important as they play a large role in proving the utility of NFTs and in popularizing blockchain. Team HAVAH also recognizes this critical role games play in the Web3 industry, and has prepared HAVAH’s own game from the beginning of the project.

We aim to launch Crypto Gears, the Web3 version of Space Gears, within this year. It is common for many existing Web3 games to launch after tokenizing the game points aspect from their Web2 counterparts. We plan for Crypto Gears to be different from other Web3 games, and are hard at work in developing the game.

Furthermore, the gameplay trailer for Space Gears, which will serve as the framework for Crypto Gears, has already been released. We have noted the public anticipation for the game is already quite high. Following this, we are also excited and hope that Crypto Gears will become one of the few successful Web3 games in the crypto space.

Space Gears Gameplay Trailer:
https://www.youtube.com/watch?v=wZZDPlA9Uqo

5. Community & Governance

Communicating with our community is as important to Team HAVAH as any other points above. Having been in the Web3 industry for a long time, I have seen many instances where excellent technology or good ideas could not reach their full potential due to the inadequate handling of the community. We prioritize communication with our members and have actively communicated through numerous AMAs since last October in order to introduce our team, technology, partners, investors, tokenomics, and more. We think that this sincere effort has been well received by the community because many people participated in the Testnet event and are partaking in the ongoing Planet sale.

HAVAH will aim to grow with the community and ultimately become a blockchain platform where anyone, not just Team HAVAH, can build games, NFTs, DeFi, social services, etc on the HAVAH network. To achieve this, we will aim to communicate and share our progress with the community at least once a quarter to provide transparency and convenience for our users.

Furthermore, we are also preparing an on-chain governance system that Planet holders can participate in. There aren’t many decisions to make yet, but that will change as the Sustainable Fund and HAVAH Friends grow. We are preparing a governance system that will allow these decisions to be made transparently through a simple voting function which will lead to a proposal and contract execution.

Outro

As I thought about what 2023 will look like for HAVAH, I looked at a lot of roadmaps by other projects. I considered what would be the best option to convey our vision, and ultimately decided to present an authentic and realistic roadmap without the flashy language with the hope that readers will be able to at least take away what HAVAH will accomplish this year.

For an interchain to be useful, multiple blockchains will need to work together seamlessly, with each chain needing to accumulate sufficient assets and offer useful contents when interconnected. And this will take a considerable amount of time.

To prepare for this vision, Team HAVAH has the following goals.

• Create an interchain infrastructure centered on NFTs.
• Create services (Games) that provide a reason for people to use the infrastructure.
• Create an open blockchain platform so anyone can freely develop interchain services.
• Find ways to improve the UX so that users have a better experience on the HAVAH platform.

It might take a lot of trial and error and revisions to our strategy, but I am confident we will achieve our vision since our goals are clear. We are looking forward to another quarter of hard work, and I will be back next quarter to review and share HAVAH’s progress.

Thank you as always, Havarians.