Flash Development Update [2023/26] - Safe Haven

Flash Development Update [2023/26]

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Posted on Friday 30 June 2023 at 16:56 Project Updates

In this week’s regulatory news, we have once again witnessed significant developments within the cryptocurrency industry.

Coinbase, one of the leading cryptocurrency exchanges, is currently seeking the dismissal of a lawsuit filed by the SEC, citing an extraordinary abuse of process. This legal battle highlights the ongoing challenges faced by centralized platforms and the importance of exploring decentralized solutions.

Additionally, the upcoming introduction of mandatory Know Your Customer (KYC) requirements by KuCoin crypto exchange in July reinforces the increasing regulatory scrutiny and the growing need for individuals to take control of their own digital assets.

This shift towards KYC emphasizes the importance of self-custody and owning one’s data, as it enables individuals to maintain privacy and security while complying with regulatory obligations.

And on top of it all, Binance is shutting down its services in Belgium and The Netherlands.

Amidst these regulatory developments, there was also MicroStrategy’s purchase of $347 million worth of Bitcoin, which indicates a strong continued interest and confidence in crypto and the blockchain industry.

As the market thaws and evolves, individuals and organizations will be seeking ways to secure and manage their digital assets effectively.

In light of these news items, Safe Haven’s solutions for digital asset management and self-custody keep becoming more and more relevant by the day.

By removing the middleman and empowering individuals to own and control their own data, the Safe Haven ecosystem with solutions like Inheriti®, SafeKey, SafeSwap and Comet provides a decentralized and secure environment for managing digital assets.

We understand the importance of privacy, security and compliance, and our solutions enable users to navigate regulatory requirements while maintaining control over their assets.

At Safe Haven, we believe that the future of digital asset management lies in empowering individuals to take ownership of their data and assets.

Our mission is to bridge the gap between users and revolutionary technology, allowing individuals to seamlessly manage their digital assets, protect their data and preserve their legacies.

But now, let’s dig into this week’s milestones 👇

Record Number of Safe Node Holders

Our Safe Node community continues to grow at an impressive rate!

The number of Safe Node holders has reached a record high of 911, showcasing the increasing interest and trust in Safe Haven’s ecosystem.

We are thankful for all the support from the SHAman community who keep believing in our mission to provide secure and decentralized solutions for digital inheritance and asset management.

See the live Safe Node stats via https://stats.safenode.io or https://vechainstats.com/nft/safe-haven-nodes

The State of Inheriti® 2.0

Great progress has been made this week in the development of Inheriti 2.0, bringing us closer to our vision of introducing this groundbreaking solution to the market.

With each passing day, the process and strategic approach for creating Inheriti 2.0 are becoming increasingly clear and well-defined.

To ensure that Inheriti 2.0 caters to the diverse needs of individuals, professionals and developers, we are actively working on creating different optimized editions of the platform. By tailoring Inheriti 2.0 to specific user groups, we aim to provide the most seamless and effective digital asset management experience possible.

This week, our focus has shifted towards preparing the user interface (UI) and user experience (UX) elements for Inheriti 2.0. We understand the critical role that UI/UX plays in making technology intuitive, accessible and enjoyable.

With this in mind, our team is hard at work, ensuring that Inheriti 2.0 offers an interface that is not only visually appealing but also intuitive and effortless to navigate.

By prioritizing UI/UX enhancements, we are trying to create an environment where individuals can effortlessly manage their digital assets, safeguard their data and preserve their legacies.

Our aim with Inheriti 2.0 is to bridge the gap between our users and the innovative potential of the technology we developed over the past few years.

WalletConnect v1.0 Protocol Shutdown

Please be informed that the WalletConnect v1.0 protocol was discontinued on June 28, 2023.

As a result, the functionality of WalletConnect on SafeSwap is currently unavailable while we are working on integrating WalletConnect v2.0.

We apologize for any inconvenience this may cause and appreciate your patience during this transition period. Rest assured that our team is dedicated to finding a solution and we will keep you updated on the progress.

Thank you for your understanding as we strive to enhance the functionality of SafeSwap!

Staking Program for July is Opening on July 1st

Our monthly staking program continues to present an exceptional opportunity for the community to earn utility rewards while actively supporting the growth of the Safe Haven ecosystem.

With the staking program for June coming to a close, we are happy to announce that the 5-day loading period for July’s Staking Program will be opening tomorrow, on July 1st.

One of the highlights is the increase in the Harbor pool size by 10%, now reaching a maximum of 60.5 million SHA. This marks the second and final time the Harbor pool size will be increased this year.

We are delighted to expand the capacity of the Harbor pool, providing more room for stakers to join and benefit from the rewards it offers.

But that’s not all!

The Consensus pool size has also seen a 10% increase, now capped at 37,125,000 SHA.

But how does the pool size increase work, you may wonder?

Well, if any pool reaches more than 95% subscription for two consecutive months, we permanently increase the pool size by 10%. This allows more SHA holders to join the staking program.

It’s important to note that the maximum pool size increase per year is capped at 20%.

By increasing the pool size, we ensure that more members of our community can participate and stake their SHA tokens, further strengthening the network and promoting wider participation.

This inclusive approach aligns with our goal of creating a robust and decentralized ecosystem that benefits all participants.

So, if you haven’t already, now is the perfect time to explore our staking programs and seize the opportunity to earn rewards while contributing to the growth of the Safe Haven network.

Learn more about our staking program via https://safehaven.io/sha/staking/

Twitter Space with Copiosa [UPDATE!]

Update: The timing of our Twitter Space event with Copiosa has been adjusted and will now begin at 8PM CET on July 7, 2023.

Join us for “Unveiling the Potential of Blockchain Technology: A Conversation with Copiosa,” where we’ll dive deep into the transformative power of blockchain across various industries.

Copiosa recently became one of our partners and it was only last week that our token was listed in their app, allowing users to access all the relevant information about the SHA token.

This verification served s a confirmation from Copiosa that the Safe Haven team is legitimate and adds an extra layer of credibility to our project.

Now, get ready for an engaging and informative discussion with our special guest speaker, Andres, a renowned expert from Copiosa, and our very own Sam from Safe Haven’s Partnership Department as the host.

During this exclusive Twitter Space event, participants will have the unique opportunity to gain invaluable insights and perspectives from Andres, a highly respected figure in the blockchain ecosystem.

With their extensive knowledge and profound understanding, Andres will shed light on the current landscape of blockchain technology, exploring emerging trends, real-world applications and the potential for blockchain to revolutionize industries and drive innovation.

This event is open to all individuals eager to explore the vast potential of blockchain technology.

Join us for interactive discussions, ask questions and gather valuable insights from Andres and other industry experts.

Mark your calendars and be part of this exciting Twitter Space event on July 7th!

⏰ Set your reminder: https://twitter.com/i/spaces/1ynKOaZEEprJR?s=20

Use Inheriti® and SafeKey for Business Continuity

One of the core aspects of our mission is to ensure business continuity for both professionals and individuals.

Inheriti® and SafeKey play a crucial role in achieving this goal.

Inheriti® enables users to protect their sensitive data, digital assets and valuable legacies.

Meanwhile, SafeKey provides an added layer of security, granting users convenient and secure access to their online accounts and digital holdings.

With these tools, we empower you to take control of your digital life and secure your business for the future.

Read our full explanation on how to enhance your business continuity planning 👇

Enhancing Business Continuity Planning with Inheriti® and SafeKey

Why We Created SafeSwap

Have you ever wondered why we built SafeSwap?

In a market filled with bridges and swap solutions, you might be curious as to why we embarked on creating SafeSwap, our own cross-chain tokenization platform.

With numerous options already available, what sets SafeSwap apart?

Well, the answer is quite simple and we tried to summarize it for you 👇

Why We Created SafeSwap: Revolutionizing Cross-Chain Tokenization

SafeTech’s Connection to Magma

Regarding the question raised by a community member about the connection between our CEO Jürgen and COO Andy and their involvement with Magma, Jürgen provided a clear response.

He confirmed that they are indeed connected to and working on the Magma project. Originally, he was approached by the Magma team to find a solution for making their digital twin tokens hereditary.

However, the scope of their involvement has expanded since then. Jürgen not only serves as the CTO at Magma but also fulfills the role of a service provider through SafeTech. This dual role allows Jürgen, Andy and the team to take on the full development responsibilities for Magma.

This arrangement ensures that the operational costs are covered and enables us to obtain utility for the SHA token and perform VTHO burning. Additionally, we are incubating Magma on vechain, our native blockchain.

In summary, this expanded role and collaboration require more effort from us, but it also ensures that we can continue to focus on our core product, Inheriti®.

To support this, we have recently welcomed two full stack developers and a product owner to the Inheriti® team. This integration of efforts and resources allows us to build a strong foundation for our products and reinforces the interconnectedness of our projects.

It’s an exciting time for us as we work towards creating a seamless and comprehensive ecosystem.

(Screenshots below are from the VeChain Official Dutch Group in Telegram)

Join our SHAman Community Quiz and Win Fantastic Prizes!

Join our upcoming SHA Quiz where you can put your knowledge to the test on various SHA-related topics.

The quiz will cover a range of subjects, including basic SHAman knowledge, products, patents and more.

  • 🗺️ Location: Safe Haven Discord server (#main-chat): https://discord.gg/qg27VGEZ
  • 🗓️ Date: Sunday, July 8th
  • ⏰ Time: 8PM CET

Get ready for multiple-choice questions that will challenge your thinking skills and quick reflexes. Be sure to bring your A-game and fast fingers!

Participating in the quiz gives you a chance to win exciting SHA prizes based on your performance.

There will be a total of 15 questions and each correct answer will earn you a prize.

You can accumulate multiple rewards, so aim for the top spot!

Additionally, the participant who provides the most correct answers overall will also receive the Safe Haven Champ March 2023 NFT.

Here’s a look at the prize pot:

  • 🪙 10x 10,000 SHA (100,000 SHA total)
  • 🎨 4x Special hand-drawn NFT: NOT YOUR KEYS NOT YOUR COINS by SecretEscapeNFT
  • 🎨 1x Inheriti Potion NFT
  • 🏆 Winner: Safe Haven Champ July 2023 NFT

Mark your calendars and don’t miss out on this fun and challenging event.

We can’t wait to see you there, fellow SHAman! 🧙🏻‍♂️🎉

Join us on the Safe Haven Discord server in the #main-chat channel. https://discord.gg/qg27VGEZ

Community

We love hearing from our community members and encourage you to keep sharing your thoughts, feedback and experiences.

Together, we’re building a strong and supportive ecosystem!

Here are some highlights from the Safe Haven Twitterverse this week 👇

Summary

In summary, this week’s regulatory developments highlight the challenges faced by centralized platforms and the importance of decentralized solutions in the cryptocurrency industry.

By empowering individuals to control their own data and assets, the Safe Haven ecosystem provides a secure and decentralized environment and remain highly relevant.

In the meantime, development progress on Inheriti 2.0 is accelerating, with a focus on optimizing the user interface and user experience. Our aim with Inheriti 2.0 is to bridge the gap between our users and the innovative potential of the technology we developed over the past few years.

Furthermore, the use of Inheriti® and SafeKey for business continuity has been highlighted, showcasing the practical applications of our solutions in ensuring seamless operations and asset protection for businesses.

July brings the opening of the new loading period for our staking program, with increased pool sizes in Harbor and Consensus pools. This allows more community members to participate, contributing to the ecosystem’s strength and decentralization.

Additionally, Safe Node holders have reached a record high, demonstrating the growing trust and interest in Safe Haven’s ecosystem.

In turn, the upcoming Twitter Space with Copiosa provides an engaging platform for our community to discuss and gain insights into the latest updates and developments.

Lastly, we invite everyone to join our SHAman Community Quiz and stand a chance to win fantastic prizes in our Discord channel.

Join our Discord community: https://discord.gg/qg27VGEZ

This interactive and fun event not only offers exciting rewards but also reinforces our commitment to building a strong and engaged community!

We are excited about the progress made so far and the opportunities that lie ahead!

Enjoy your weekend #SHAman! 💜 🧙

Join the Community in Spreading Awareness

As always, all of us at Safe Haven want to thank our community for your continued support.

 

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