Q4 2023 Recap: Achievements and Outlook

Intro

HAVAHNAMATATA! Firstly, we would like to wish the HAVAH community a Happy New Year before we present the fourth quarter summary. May all HAVAHrians have a prosperous 2024 and achieve all your plans.

A year has passed since HAVAH’s formal launch. Creating quarterly reports helps us recognize our accomplishments as well as our unfinished business.

This quarter, in particular, has brought some disappointing news. We had promised to launch a major game (CRYPTO GEARS) that uses the HAVAH network in 2023, but we now find ourselves in a position where we must reconsider this strategy. In PART 3 of this report, we will discuss how the team will address this and what responsibilities we will take on.

However, with the upcoming launch of an AI-powered interchain TCG and plans to further strengthen our ecosystem, we remain optimistic about HAVAH in 2024.

Over the last year, we have built one of Korea’s largest communities and promoted HAVAH through a variety of partnerships. We could collaborate with teams from any network by leveraging our network’s boundary-less advantage. We will continue to build a WEB3 ecosystem without chain boundaries by making these business ventures truly beneficial to HAVAH.

PART 1. Major Events in Q4 ‘23

1. October:

• A technical partnership with Solana.
• Xangle joined HIIP.
• Two partnerships for HAVAH Chain’s onboarding and one for interchain technology integration.
• A security update for the HAVAH Wallet.
• Participation of HAVAH Friends NFT in the exhibition at IDia EXPO.

2. November:

• Technical support for Hana Wallet Android’s HAVAH network integration.
• One strategic partnership and two interchain technology integration partnerships.
• A security enhancement update for HAVAH Wallet.

3. December:

• A technical collaboration with BASE.
• X2E ALL joined HIIP.
• Five strategic partnerships and two interchain technology integration partnerships.
• BASE network added to HAVAH Mitter.
• HVH listed on Korbit(CEX)’s Kor-Won market.
• HAVAH Friends BEBE launch.
• HAVAH Friends BEBE: NFT launchpad on BASE chain.
• HAVAH Friends BEBE: A campaign launched on GALXE.
• Interchain gaming cooperation between Pome Rumble and HAVAH Friends KIKI NFT (HAVAH ↔ BSC).
• SWFT’s technical assistance with the integration of the HAVAH network.
• Updates the HAVAH Scan with information on the current and maximum circulating supply of HVH.
• The Planet Black Friday promotion sale.
• Introduction of the HVH staking service.
• Establishing a liquidity pool for HVH/sHVH.

PART 2. Major Achievements in Q4 ‘23

1. Additional Listings of HAVAH Coin (HVH) on Korean Exchanges and HAVAH Network Integration

• Korbit lists HVH on the Korean Won market.
• Hana Wallet offers technical support for HAVAH network integration on Android (AOS).
• Ongoing business discussions with other exchanges and wallet providers.

HAVAH Coin (HVH) was added to the Korbit Won market on December 20th. Consequently, HAVAH now lists its HVH holdings on international exchanges like Bybit as well as Korean exchanges like Bithumb, Coinone, GOPAX and Korbit. Over the previous year, the team had consistently pledged to increase HVH’s accessibility. In addition to the aforementioned exchanges, several other centralized exchanges (CEXs) are the subject of continuing business development discussions.

Furthermore, after integrating with iOS, Hana Wallet has now finished integrating with the HAVAH network on Android OS (AOS). The team will keep working to improve the HAVAH chain’s digital asset management experience across a range of platforms, including mobile.

2. HAVAH Ecosystem Expansion

• New validator teams are joining: Xangle and X2E ALL.
• There are two HAVAH chain onboarding partnerships, five interchain technology integration partnerships, and six strategic partnerships.

Fifteen collaborations were revealed in the fourth quarter, with two new validator teams among them. Xangle, a global crypto data intelligence platform, and X2E ALL, a global blockchain marketing platform, have joined forces to validate blocks on the HAVAH network. Both companies plan to support HAVAH in the areas of research and marketing. Additionally, an official collaboration with one of the major networks, BASE, was carried out, launching BEBE NFT, the fourth character of HAVAH Friends.

The year 2024 is expected to mark the widespread adoption of HAVAH’s interchain technology. We will make sure you can follow along as we work with different teams to provide multi-chain services and as new networks and digital assets are added to the HAVAH Mitter.

3. Community Activities

• Launched Black Friday Planet Promotion.
• Provided both entertainment and utility through BEBE minting and special missions.
• Organized a total of nine events, including NFT live events and joint events with partner companies.

Being a part of a global community makes Team HAVAH incredibly proud. We engaged with our community by hosting nine events in the final quarter of the year to demonstrate our gratitude. During Black Friday, we greeted new holders with a Planet promotion. We were also happy to collaborate with NFPrompt to promote HAVAH and HAVAH Planets as image NFTs in the BNB ecosystem.

Furthermore, we revealed last week the BEBE GALXE mission rewards’ provisional winners. To enable HAVAH Friends holders to enjoy participating and earning rewards, we will keep creating and releasing new content. In PARTS 2 through 5, there will be more information about BEBE.

4. Growth of HAVAH Mitter’s Interchain Integration Business

• Added the BASE network to Mainnet.
• HAVAH Friends KIKI: HAVAH ↔ BSC.
• HAVAH Friends BEBE: HAVAH ↔ BASE.
• Established five technical partnerships for HAVAH Mitter integration.

With the addition of the BASE network, the HAVAH Mitter can now support eight networks, including the HAVAH chain. We would be happy to provide some solutions with HAVAH Mitter to any teams planning to use the BASE network in a multi-chain environment. (Please do not hesitate to get in touch with us.) Due to business priorities, the integration with SOLANA, which was mentioned in the third-quarter report, has been delayed until the first quarter of 2024.

We have been establishing partnerships under the name “Interchain Technology Integration Partnership” since the fourth quarter. These collaborations are with groups that have made a commitment to use the bridging technology offered by HAVAH. Up until now, HAVAH has given the community access to interchain experiences; going forward, we hope to work with our partners to present a range of actual cases. For further information in-depth, please see PART 3 — 4.

5. HAVAH Friends News

• The first-ever “Gamification NFT” BEBE launched globally.
• BEBE NFT Launchpad via BASE Network.
• 107,269 transactions involving HAVAH Friends BEBE. (30th of Jan)
• All HVH used by HAVAH Friends is credited to the Sustainable Fund.

In December, we launched BEBE, the world’s first ‘Gamification NFT’. We conducted minting on the network in collaboration with BASE, a major Ethereum Layer 2 chain, to provide community members with enjoyable content with gaming elements to aid in NFT growth.

BEBE transactions include care, leveling up, clan changes, and transformations. As of the report’s publication date, January 30, 107,269 transactions involving BEBE had occurred. Following KIKI, BEBE has made significant contributions to the HAVAH network, garnering significant support from the HAVAH Friends community. We are working to ensure that community members receive significant rewards from the ongoing BEBE mission.

There are occasional misconceptions that the team benefits from HAVAH Friends. We strictly adhere to our commitment: “Every HAVAH Coin (HVH) used in relation to HAVAH Friends, including minting, is attributed to the Sustainable Fund.” On December 31, a total of 538,949 HVH generated through KIKI content was allocated to the Sustainable Fund, as verified by the following TX Hash link:

https://scan.havah.io/txn/0xf0926c785be23a9bbc3cbf53a6a8e5c38190bff9c7f7ff764ccc79b197e4f759

Furthermore, HAVAH Friends was invited to attend a WEB3 development forum EXPO in Wan Chai, Hong Kong. The event was organized in collaboration with the HASHKEY NFT team, and we will continue to promote the HAVAH Friends IP globally.

6. HAVAH DApp news

• Inanis Invictus, the winner of the xCall Incentive Program, has announced the HAVAH chain’s onboarding.
• HAVAH Swap’s multi-chain launchpad service now supports MetaMask.
• PERPLAY gears up for the official service launch.

In the fourth quarter, there was more DApp news. Initially, the xCall Incentive Program winner, “Inanis Invictus,” declared its onboarding to the HAVAH chain. HAVAH Swap introduced a multi-chain launchpad service that accepts MetaMask wallets.

PERPLAY provided positive updates in the fourth quarter, demonstrating consistent ecosystem growth with 5,039 users. As of January 23, PERPLAY holders had an average of 7.8 NFTs per person, up 123% from the Private Test phase.

At a recent Town Hall Meeting, the official launch of PERPLAY services was announced for February. Future updates will include the introduction of a Genesis-exclusive breeding system, a Genesis Pack for holders, and the release of new ‘Epic’ grade NFTs. PERPLAY is also preparing for the launch of its user acquisition marketing platform, PERPLAY for Biz, by forming partnerships with well-known projects such as DICAST: Rules of Chaos, Mega Road, and The Walking Dead: All-Stars.

7. Sustainable Fund Allocation for Q4 2023

1) Sales on Planet (sold for USDT)

• A total of 657,406 HVH was exchanged for a deposit in the Sustainable Fund.
• Remaining Sustainable Fund in USDT: approximately 2.15M USDT.

2) Sales on Planets (sold for HVH)

• Approximately 5,917,745 HVH were transferred to the Sustainable Fund (allocated immediately upon sale).

3) Others

• The entire 538,949 HVH generated from KIKI Voyage content was allocated to the Sustainable Fund.
• A total of 5,248,361 HVH from PlayOneGames and Pala’s withdrawal from the HIIP has been allocated to the Sustainable Fund.

※ A total of 55,644,996 HVH was allotted to the Sustainable Fund as of December 31, 2023.

Part 3: HAVAH’s Q1'24 Plan

1. Introduction of Meta Match

• Meta Match, an AI-based WEB3 TCG (Trading Card Game) that HAVAH invested in and co-developed.
• It embodies the P2C (Play to Collect) mission by enabling the use of NFTs from various networks.
• Pre-registration and a large-scale campaign are scheduled for the first quarter.

HAVAH has previously announced plans to launch a game in which players can collect PFP NFTs from various networks and transfer them to HAVAH’s network, allowing them to build decks and compete against other players. Throughout 2023, Team HAVAH has been looking for a development team that fits its vision for the game. Finally, a suitable developer was found, and the game, titled ‘Meta Match,’ is currently being co-developed.

Meta Match is an AI-powered WEB3 trading card game. Players can bring their NFTs to Meta Match (Bridge) and have AI technology transform them into new images that fit the game’s universe (Extract). Players can then participate in the card trading game (Play) using these custom NFT decks.

Meta Match plans to launch pre-registration and a major airdrop campaign during the first quarter. We encourage HAVAHrians to participate and express their interest in this upcoming project.

2. The introduction of a WEB3 content fund to activate the HAVAH ecosystem

• The establishment of a WEB3 content fund with a 1 billion HVH cap
• Promoting the onboarding of various games to HAVAH, revitalizing the HAVAH ecosystem.
• Disconnection of the CRYPTO GEARS (CG) game from the HAVAH Project

One of HAVAH’s most disappointing moments in 2023 was undoubtedly the failure to launch the CRYPTO GEARS game. Initially, HAVAH planned to create an interchain experience game in collaboration with key partner company 2bytes to make the interchain experience easier and more enjoyable. But because of the nature of the gaming industry, it was difficult to definitively decide on development costs and release dates, and CG was unable to get past these obstacles. Team HAVAH has decided to take a responsible approach, addressing these uncertainties and presenting a plan for a brighter future.

Every network is critically dependent on the availability of sufficient services and content that make use of it, and the HAVAH chain is no exception. As a result, to accept responsibility for the non-release of CG, we intend to launch a HAVAH content fund worth 1 billion HVH, which will combine Project Development and the team’s portion of the planet operation rewards. This fund will encourage more teams to use the HAVAH network, broaden the ecosystem with various content, and ensure network transparency.

The HAVAH network governance will manage the WEB3 content fund, and we are currently considering key policies such as accepting digital assets from multiple networks or providing specific assets to HAVAH network contributors. We will present a detailed plan for the fund’s launch in the first quarter and finalize it via governance voting.

3. Development of HAVAH Mitter Network and Close Partnership with LINE Next

• SOLANA network integration and connection to DOSI platform.
• HAVAH’s official entry into the digital commerce platform DOSI, which launched in January.
• Changes in business priorities may cause changes in the addition of other networks.

In the first quarter of 2024, HAVAH Mitter will begin integration work with two networks. It intends to add SOLANA, which represents non-EVM networks, and collaborate closely with the LINE Next team via the DOSI platform.

The HAVAH brand will officially enter the digital commerce platform DOSI, which was launched in January. DOSI will feature HAVAH Friends and various NFTs from the HAVAH network. HAVAH and LINE Next intend to collaborate on projects that will make use of their respective IP assets.

HAVAH Mitter will continue to increase its competitiveness by connecting a variety of networks to its bridge system.

4. Improvement of the HAVAH Mitter Protocol (API).

• Five teams are currently testing the HAVAH Mitter protocol as part of technical integration partnerships.
• Bridging services will be integrated into each project/platform’s web/app.
• The official service launch is planned for the first quarter.

HAVAH announced five ‘technical integration partnerships’ during the fourth quarter. The teams involved in these partnerships have agreed to use HAVAH Mitter as their official bridging tool. Currently, the HAVAH Mitter protocol is being tested by five teams, with the official service set to launch in the first quarter. HAVAH intends to gradually expand the service so that ‘Powered by HAVAH Mitter’ becomes a recognizable title across various WEB3 platforms.

5. Introduction of the Governance System

• Transparent information disclosure via HAVAH Scan updates.
• The on-chain governance system will be introduced in the first quarter.

With 500,000 members, HAVAH is expanding and becoming a platform where anyone can create services like games, NFTs, and DeFi on the HAVAH network. Transparent information disclosure is thought to be the first step towards achieving this goal. In order to guarantee this openness, HAVAH updated HAVAH Scan in December and January, granting public access to information about the current circulation, maximum circulation potential, and real-time validation efforts of HIIP partners. The HAVAH Scan website has more information.

In the first quarter, a system for on-chain governance will be implemented. All planet holders will be able to vote from the moment HAVAH is introduced thanks to the governance system that is currently being developed. As stated in PART 3–2, the “WEB3 Gaming Fund Launch” will be the first item on the agenda. All holders are encouraged to actively participate, as the planet’s primary function is to serve as the center of governance operations.

6. HAVAH Friends News

• KIKI’s update for Voyage 2.0.
• Discussions about multi-chain partnerships utilizing HAVAH Friends IP are currently underway with a number of gaming companies.

The 2.0 update for KIKI’s Journey was made available on January 9. As KIKI and BEBE continue to contribute to the HAVAH network, Team HAVAH intends to update content related to them on a regular basis. All HAVAH coins used in connection with HAVAH Friends, including the ongoing BEBE mission, will be contributed to the Sustainable Fund for the benefit of the HAVAH ecosystem, as mentioned in PARTS 2 through 5.

KIKI was unveiled as an in-game character in “Pome Rumble” during the previous quarter, developed in association with partner company Pomerium. About sixty KIKI holders took part in the Pome Rumble game and won prizes. Many WEB3 gaming companies have inquired about collaborations using HAVAH Friends IP, owing to the high level of participation from the HAVAH community and HAVAH Friends holders. In order to allow NFTs to be used not only on one chain but across different services on multiple chains, the team will keep developing multi-chain business.

7. Constant Contribution to the Sustainable Fund

• The Sustainable Fund will consistently receive an allocation of roughly 60% of the proceeds from the sale of Planets for USDT.
• Remaining money: roughly 2.15M USDT

The Sustainable Fund is the central component of HAVAH’s token economy. There is still roughly 2.15M USDT of the money left over after Planets are sold for USDT, and Team HAVAH has promised to donate 60% of the sales proceeds to the Sustainable Fund. Every quarter, an open report on the administration of these funds will be provided.

8. Prolongation of the HVH Team Token Lock-up Duration

There are two prerequisites in place for the HAVAH ecosystem to grow smoothly. First and foremost, it is critical to ① draw in enough DApps to enable the HAVAH ecosystem to be self-sustaining and ② boost the liquidity and accessibility of HVH, based on the community’s and holders’ trust in the team.

The HAVAH team has determined that it is premature to sell the coins allotted to the project development group. Consequently, the initial schedule of distributing the coins over a 36-month period beginning in January 2024 has been pushed back by one year. The distribution will now take place over a 24-month period beginning in January 2025. (As a result, after 2025, a total of 670 million HVH coins that were supposed to be unlocked in 2024 will be gradually released.

Outro

The year 2023 was dedicated to “spreading awareness” about HAVAH. To create excitement for a time of network freedom, we wanted a large number of WEB3 teams and users to learn about HAVAH and become part of our community.

We want to offer real-world interchain utilization experiences starting in 2024. First, we will provide an experience where users can bring NFTs from other networks to the HAVAH network for gaming through MetaMatch, which was partially developed by team HAVAH. We want users to be able to take advantage of the first service that is exclusively focused on “digital asset ownership,” independent of the network in which the assets were issued or utilized.

Furthermore, we hope to enrich the HAVAH ecosystem by promoting more teams to embrace and engage with this value through the WEB3 content fund. Throughout 2024, we will strive to provide as much interchain content as possible.

We hereby express our ongoing gratitude to the HAVAH community.