Safe Haven – SHA

Safe Haven – SHA crypto

What is Safe Haven – SHA?

Today we introduce you to Safe Haven.
Safe Haven builds financial, wealth management and legacy solutions on the blockchain. Let’s get into this and see exactly what they do, what SHA is used for, and what our opinion is on this project.

Safe Haven

What happens to the cryptocurrencies you own when you die? Safe Haven has an answer! – CoinTelegraph. This is probably the best sentence to explain Safe Haven with.

Digital currencies fluctuate wildly in value and are easily lost, whether during transactions, lost over time, or lost through death. Without having access to the private keys of a wallet, it is unlikely that you can ever recover the money in it. Losing cryptocurrencies is the fear of many people and this has also played a big role in the (lack of) use of cryptocurrencies.

In case of death, even if your heirs have access to your private keys, they may not know how and where to retrieve your money. Or another problem may be that you don’t want your heirs to have access to your private keys until the time of death. Safe Haven offers a solution to this problem, by allowing you to select someone to inherit (all) your private keys while still having full control of your money until that point. The Safe Haven Digital Asset (SHA DA) is the only truly secure and 100% inherited digital asset to date. Their protocol uses the VeChain blockchain, smart contracts and their own Trust Alliance Network (TAN).

We take a closer look at this coin with the goal of giving you an objective view in a way that everyone can understand. This article is not intended for promotion.

General info about Safe Haven – SHA

Trust Alliance Network

The TAN plays an important role within Safe Haven. ”The TAN is an autonomous social networking hub for blockchain-related legal matters. The goal is to connect lawyers and notaries who specialize in cryptocurrencies with crypto investors and enthusiasts. The TAN will be a hub for legal-related blockchain information, articles, laws, etc. The TAN will be the world’s first legal reference for distributed ledger / blockchain applications, users and legal entities will be able to offer their services and highlight their areas of expertise. specialization for potential clients”.

In the TAN, legal articles, documents and profiles of legal entities are shared. These registered legal entities can offer their services in this network. In fact, it could be seen as the wiki for legal matters, where people can find documents and services. Users can use the TAN for free and can use their services of legal entities to protect their estates.

The TAN is used to decentralize the transfer of cryptocurrencies in an estate, within Safe Haven’s platform. Eventually, other services could be provided. Examples mentioned in the white paper are identity and loan services.

Inheriti

Inheriti is Safe Haven’s main product. Their community edition (currently in beta) offers fully decentralized asset distribution, while their business edition is still in development and will offer hybrid solutions.

As mentioned above, digital currencies are easily lost due to human error, e.g. by not properly logging private keys or key phrases. Initially, I thought Inheriti only offered a solution for SHA holders. However, Inheriti can protect all provided data that is (currently) less than 500 characters long.

This means that it can be used for much more than ‘just’ private keys, namely social media account information, seed phrases, passwords and much more! In my example, it would be perfectly suited to transferring a set of exchange accounts and private keys (since assets are typically distributed across multiple platforms or wallets). In my opinion, this hits the nail on the head.

Inheriti can already be used after following a few simple steps:

Go to the Inheriti platform.
Login with your SafeID account (Your SafeID account will be used throughout the network)
Add beneficiaries by name and email address
Launch one of the available plans (add plan details, beneficiaries, choose your activation method(s), enter transferable data.
Check and confirm the summary and start the plan.

Inheriti is working on multiple future features, such as choice for multiple wallets, support for multiple blockchains, DLT options, platform subscriptions and more. Safe Haven has patent applications pending for this platform in the United States, Europe and China.

Safe Haven Products

Different Products

Safe Haven shares 10 different products on their website. I won’t go into detail about all of these products, I recommend you visit their websites:

Inheriti: Inheriti is what we just talked about, their digital legacy services.
Safekey: Secure Sharing Distribution Protocol that enables document signing, digital transaction signing, multi-sig applications and decentralized key management. Can be used on multiple platforms.
Trust Alliance Network: as explained above.
Thor Block (Fundraising, Charity): common funding solution for (charity) on the VeChainThor Blockchain.
ThorPay: manage all your payments on one platform.
SafeID: one-time registration for use on all Safe Haven and SafeTech platforms.
MySafeWallet: manage your own account, info, at no additional cost. You are responsible for keeping your data safe (e.g. JSON files).
Comet: your browser wallet for the decentralized web.

The token (SHA).

SHA is used throughout the Safe Haven network. There’s even a great Medium post that explains exactly how. In summary a certain amount of SHA must be held or locked depending on the service or product used.

Those interested in supporting the project and the stability of the ecosystem may also decide to run masternodes. By doing so, you will be rewarded with benefits and privileges. There are four different masternodes, each with different requirements and different rewards:

”All the gas used for transactions will be traded on the open market each week for the equivalent number of SHA tokens. Eighty percent of that will go to a common pool for masternodes (to be shared monthly. The remaining twenty percent will be burnt”. This means that the circulating supply of SHA will decrease over time, benefiting token holders.

Safe haven Nodes.

  • 1M, 2.5M, 10M and 30M SHA should be locked for a period of 3/6/9 months, this currently has a value of $2,825, $7,062,
  • $28,250 and $84,750.
  • SHA is currently traded on KuCoin and OceanEx.
  • SHA currently has a market cap of $12.8 million, down from its all-time high of about $30 million last August. With a current
  • price of $0.002825 per SHA and a circulating supply of 4.5 billion out of 8.5 billion tokens.
  • SHA is a token built on the VeChainThor blockchain. Therefore, I would recommend using their wallet to store your SHA tokens.

Use case of Safe Haven – SHA

Where to buy and sell Safe Haven – SHA?

Buy and sell Safe Haven, SHA. Safe Haven, SHA can be purchased on the following exchanges:

What do we think about Safe Haven – SHA?

Initially, I was not very interested in Safe Haven. However, I became more interested in Inheriti after I had found out that 500 characters can be stored (instead of just one private key, for example), since this limit will increase in the future, this presents a huge opportunity in different markets.

Safe Haven has quite an active community on Twitter and has over 4,000 members on Telegram. Since they are currently in beta, it is hard to say how much revenue SH is generating so far. However, on a speculative level, I think SHA could be interesting to pick up at the current price. It is still well above the price levels we saw a year ago, but SHA had a 53% price drop in the last 14 days (while the overall crypto markets tanked). In the short term, I think this is oversold and I could see this recovering and making a decent return in the short term.

Disclaimer: Trading and investing in cryptocurrencies (aka digital or virtual currency, altcoins) carry a substantial risk of loss and is not suitable for every investor. You are responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.

The team is making a lot of progress, with their recent KuCoin listing and several other items / partnerships, found on their Medium channel: Safe Haven – Medium.

That said, I leave the decision to you if you find it interesting to add SHA to your portfolio. I hope this information has been helpful to you, always DYOR!

Conclusion about Safe Haven – SHA

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Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.