How to join the Haven1 testnet and earn H1 tokens in the upcoming airdrop

DY2P...EAtU
12 Jan 2024
174

"Haven1 is a EVM-compatible, purpose built and sustainable blockchain that provides a secure environment for financial transactions on-chain".


It is a Layer 1 blockchain that is built as a complementary offering to Ethereum, designed to operate as a side chain that will transition into a rollup in the future as rollup technology matures. It's a layer 1 incubated by Yield App for the purpose of paving the way for the next generation of secure financial products on DeFi.

It can function as a side chain to Ethereum for some time, but eventually it can switch to a rollup mode to improve its scalability and reduce its impact on Ethereum’s main chain.

A side chain is a separate blockchain that is connected to a main chain, but has its own rules and features. A side chain can transfer assets or information to and from the main chain, but it does not affect the main chain’s security or performance. For example, a side chain to Ethereum could be a gaming platform that uses Ethereum’s tokens, but has faster transactions and lower fees.

A rollup is a layer 2 solution that moves transactions off the main chain to increase scalability and reduce costs. A rollup aggregates many transactions into a single transaction that is verified and settled on the main chain. For example, a rollup to Ethereum could process thousands of transactions per second, while Ethereum’s main chain can only process about 15 transactions per second.

"In short, Haven1 is a Layer 1 blockchain that is built as a complementary offering to Ethereum, designed to operate as a side chain that will transition into a rollup in the future, is a network that offers some benefits to Ethereum users, such as compatibility, interoperability, or innovation, but also has its own advantages, such as speed, efficiency, or flexibility".


It can function as a side chain to Ethereum for some time, but eventually it can switch to a rollup mode to improve its scalability and reduce its impact on Ethereum’s main chain.

DEFI
DeFi, or decentralized finance, is an ecosystem of financial applications that are built on top of blockchain networks. DeFi aims to create an open-source, permissionless, and transparent financial system that operates without any central authority. Instead, a smart contract—which is a self-executing contract with the terms of the agreement between transacting parties written into lines of code—replaces financial institutions in the transaction.

Vision Of Haven1
Haven1 is a company that wants to help people and businesses use digital money in a safe and easy way. Digital money is money that exists only on computers and the internet, and it is based on a technology called blockchain.


"Blockchain is a system that records and verifies every transaction of digital money, so that no one can cheat or steal".


➖Blockchain is like a big book that records every transaction and is shared by many people. Blockchain makes digital money more secure and trustworthy.

Haven1 offers a service that lets people and businesses create, manage, and invest in different kinds of digital money. For example, some digital money can represent real things like gold, stocks, or land. Some digital money can have special rules or benefits, like paying interest or being stable in value. Haven1 helps people and businesses choose the best digital money for their needs, and also helps them trade and lend it to others.
Haven1 also solves some of the problems that blockchain technology has, such as being slow, expensive, or hard to use. Haven1 makes blockchain faster, cheaper, and more user-friendly, so that more people and businesses can benefit from it. Haven1 wants to make digital money and blockchain the future of finance. Haven1 is designed to address the challenges and risks that DeFi faces, such as security breaches, regulatory uncertainty, and lack of trust. Haven1 implements a provable identity framework, along with strict network-level security to minimize the risk of losses. Haven1 also enables a number of exciting use cases, such as reputation-based on-chain lending, proof of ownership of real-world assets, and efficient global exchange and settlement of tokenized traditional assets.

Real World Asset and Tokenization (RWA)
➖A real world asset is something that has value and exists in the physical world, such as a house, a car, a painting, or a gold bar.
Tokenization is the process of creating a digital representation of a real world asset on a blockchain.
It can have so many benefits, check out some below:

▪️Makes it easier to buy and sell real world assets, especially those that are expensive or hard to divide.
▪️Reducing the costs and risks of transferring ownership of real world assets, by eliminating intermediaries and paperwork. For example, you can avoid paying fees to brokers, lawyers, or banks when you trade real world assets.
▪️Increasing the liquidity and accessibility of real world assets, by opening them to a global market of investors and buyers. For example, you can sell your real world assets to anyone in the world who has access to the internet and a blockchain wallet.

H1 Token
The H1 token is the main currency of Haven1, a new blockchain that is secure and fast.
Haven1 has different applications that let you do things like swap, lend, or trade assets on the blockchain.
When you use these applications, you pay a small fee in H1 tokens. These fees are shared among all H1 token holders, so they can earn passive income.
H1 token holders also have the power to vote on how Haven1 works and what features it should have. They can also get rewards for helping the network grow and improve.
H1 token holders can also benefit from other applications that are built on Haven1 by other developers. A part of the revenue from these applications goes to H1 token holders as well.

Disclaimer: This article was made possible thanks to bing ai, haven1 documents, goggle, my knowledge and researches by yield app. Checkout more about this project through their links below
Yield app: https://yield.app/blog/What-is-Haven1
Haven1 documents: https://docs.haven1.org/get-started/welcome-to-haven1


Haven1 Testnet
To begin your Haven1 Network Testnet journey, you will need to have some components namely below:

  • A configured wallet for the network
  • Haven1 Proof of ID NFT
  • Testnet H1 Tokens.


1. Join it's waitlist
The first and foremost step is joining Haven1 discord and following their social accounts. Join the through the link below:
Discord: https://discord.com/invite/haven1
Twitter: https://x.com/Haven1official?t=DhCxKyrog5DSHvIykFhong&s=09
After doing that, you're ready to start your Haven1 Testnet Journey.
https://www.haven1.org/invite/zghg1siuh3
Click the link above, connect your wallet to it (OKX WALLET, MISES OR KIWI BROWSER) and join its waitlist.
You can only start testing after your waitlist has been approved.
You will receive that type of message as shown in the image above

2. Verifying your haven1 account
As you can see in the image above, verifying your account is the next step which you can easily do by connecting your wallet and discord. I strongly recommend using OKX WALLET to do the Testnet. Just paste the link and verify your discord account. Do make sure you have joined their discord before you do so.
In Haven1 Testnet, everyone whether developer's or users are required to do KYC in which you'd be required to fill in your documents (i.e ID CARD). Since this is a testnet, the documents doesn't necessarily need to be real but on mainnet,REAL AND LEGAL DOCUMENTS will be used for KYC.
➖Discord will be linked and verified
➖KYC will be done in which you add your name and expiry date of your document.
As I said earlier, this is for Testnet purposes, doesn't have to be real.
Once you have completed this processes, your account will be ready to start testing the haven1 chain.

3.Claiming Testnet Faucet's
Haven1 native token, $H1 will be used for testing it's project.
Just as shown in the image above, the Testnet tokens is required to access it's dapps. Once your connect your wallet to haven1, it will automatically set up its own Testnet chain on your wallet in which you just need to sign the transaction on your wallet.
Just paste this link below on your wallet or access it from the website
https://www.haven1.org/faucet
You can claim 10 H1 tokens every 24 hours and use it to test the platform.

4.Exploring it's dapps
Once you have done that, it's time to start using other features.
🔸Swapping
The gas fee of H1 for swapping is quite high so just swap 0.1 H1 tokens for all the listed tokens in the swap section
🔸Adding Liquidity
Go to the pool section beside the swap and adds liquidity to the Testnet tokens. Click on add a pair and complete it. I.e
▪️H1 ➖ Hlink
▪️Hbtc ➖ Heth
And so on.
Some other features are coming soon so just do the ones available.
Some of those features are below:
▪️Staking
Access the staking features and stake any amount of H1 tokens you wanna state. You can observe your staked H1 tokens under MY DEPOSITED H1(coming soon) and monitor your staked tokens. Access the MY PENDING REWARDS section to claim your stake H1 Tokens in form of escrowed H1 tokens(esH1).
▪️Vesting
After successfully claiming your esH1(staked tokens), go to the best section and start the vesting of your escrowed H1 TOKENS. The vesting period is about 365 and it converted your escrowed H1 tokens into accessible H1 tokens. You can monitor your vested tokens in the total vested sections and claim your H1 tokens over time.
▪️Voting
If you ain't new to Blockchains, they always have a section where those who hold their tokens (H1) will delegate it and use it for voting about changes on it's ecosystem.
These features will be available soon so join now.


5.Minting your country NFT
There are currently four countries in the minting section. It's important to do that to whitelist your account as early users and for more future rewards.
Check the image for better understanding.
You can mint one country flag and it will be added to your wallets profile just as shown in the image above
This is currently a testnet so you don't need to fret if your country ain't among those listed. Just select one of those countries and continue your journey.

6.Verification Level Shells(tokens)
For successfully verifying your account on haven1 Testnet, you'd earn shells or points daily.
The Composable or combined Verification Level App is an integral part of Haven1’s digital ecosystem, providing a tiered user verification system.
This is to showcase your level of verification.
▪️Mint and Convert Your shells(tokens)
Just use the image below for reference
Just follow those arrows as shown in the image.
You can mint about 500 tokens everyday and then convert those silver into Gold. Also, those tokens will decide your Ranking in the Testnet leaderboard and will make you eligible for higher rewards.
Just as how in the image above, DIAMOND TIERED MEMBERS which can only be achieved by continuous stacking up of GOLD tokens. So do this on a daily basis and ensure you make at least 5 transactions daily on it.

7. Join Zealy For More Rewards
If you are always up-to-date on my articles, I already explained how to create a ZEALY account in one of my articles. You can go through them all to get where it is.
If you have connected your wallet and mail, this first quest is important to you. To speed up your chance of selection for it's Testnet, you can either refer new users or complete that tasks.
Just input the Gmail your used in it and that's all.
Start your journey here
https://zealy.io/c/haven1/invite/d8k8d9IzelE2Q1vNAW_VL

8. Follow me For updates
At the end of all my articles, I always post updates about any Airdrops I've posted so none of my subscribers and followers will miss out on it. So ensure you do so and if you enjoy my articles, do tip me.

Disclaimer: This article was created thanks to haven1 uploaded documents and my researches on it. Check out more through the link below.
https://docs.haven1.org/haven1-testnet-guide/provable-identity-applications/composable-verification-level
More detailed information about this project can be found there and what it's building. Even the testnets steps has been explained but I created this article to make it easier for you to understand.
Check out what yield app(haven1 is incubated by it) is all about through the link below
https://yield.app/


WEEKLY UPDATE ON BULBapp

BULBapp is gearing for the app launch soon which is closer than ever. If you enjoy your time here and you love your experience on BULBapp, Go and upvote the project on SOLANA FOUNDATION through the link below.
➡️https://solana.com/ecosystem/bulb
Copy and paste on your chrome, login with your Gmail instead of your X(formerly Twitter account) for easier authentication. Just click on the upvote button and that's all. This will significantly boost their spot on the list of upcoming solana projects. $BULB token will be launched in the second half of 2024 or the first depending on the market so keep doing the weekly challenges.


WEEKLY UPDATE ON BUBBLE RANGERS

It's been confirmed on its discord that $BUBBLE will launch in quarter one of 2024 which means between January to March.
So kindly keep stacking up those bubble points. Don't fade on this GAME-FI project. Details are on my page, read my articles on Game-fi.


WEEKLY UPDATE ON FORGE QUESTS

Forge just launched a $15,000 giveaway worth of $AVAX to its loyal followers. I hope you have linked your avalanche wallet as I explained in the article I wrote about it.
As seen in the image above, the tasks are very easy. You just gotta deposit $10 worth of $AVAX into your avalanche wallet that you linked to forge.
The steps for Accessing the quest is in the image above. It has a time limit and the rewards for stages is $5000 each. There will be three stages:
➖First stage is making a deposit of $5 worth of $avax
➖Second stage is also making a $5 deposit which you have already completed in step 1
➖Third stage is having $10 in your linked avalanche wallet
So all you need to do is just transfer $10 worth of avax to your wallet and that's all. Winners will be decided by a raffle
For each round, there will be 1000 winners as shown in the image above and if you win all three rounds, it's $15 worth of $avax for you.
Note: The funds in your wallet is safe and you can use it anytime. It's your fund on your WALLET so it doesn't matter. You just need to hold $10 worth of $avax to be eligible for it.
You can also play the game to increase your chances(PC). If you have linked your steam access and Xbox account.

WEEKLY UPDATE ON OVER WALLET

I've already written an article on this as well. $OVER is confirmed for Q1 of 2024 so continue claiming those points cause that's the deciding factor for your $OVER allocations.


WEEKLY UPDATE ON FLORENCE FINANCE

If you're partaking in it's AIRDROP, do note that it's a long term Airdrop cause there's still a lot of phase it has to go. From zealy tasks to galxe tasks and other tasks, more tasks will roll out and badges will be earned by doing so.
So it's important to always be active on their discord for news and also to earn a discord badge.


WEEKLY UPDATE ON SKYARKVERSE

The farming of points has increased significantly since it's about to come to an end. Keep your daily login going and also don't forget to claim those points( those who bought NFT). You can check out my article on it if you haven't done so.


WEEKLY UPDATE ON FARCANA

$Far presale is fast approaching so make sure you have completed the tasks I wrote about. Also, try to play the game to secure your spot.


In conclusion,
This article was purely gotten from their official documents and the links as well so kindly DO YOUR OWN RESEARCH before diving into it. Also, this is not a financial advice so thread carefully.

⚠️ WARNING ⚠️
Due to the recent large influx of new bulbbers, spams has been rampant but the one you actually have to be careful with is WALLET DRAINER ARTICLES. Some bulbbers are posting fake AIRDROP articles aimed at draining your wallets so please don't immediately connect to any link posted, DYOR about the project or ask people of the BULBapp discord which you can join through the link below.
➡️https://discord.com/invite/bKY99qD78y

Stay safe, stay smart, stay CRYPTOFIED. Always DYOR before connecting your wallets to any link and if you spot any account spamming or copying articles, report such account to be credited with 20 BULB POINTS once the spam is reviewed by the moderator.
Do note that commenting "nice, great, good and others are considered as spams. Comment show be about questions or contributions you have about the article written so if you don't have any questions or contributions, don't comment so you won't be flagged as spam.

In conclusion, I hope you've enjoyed this article and I hope you can position yourself for the airdrop as well. Tip me if you enjoy my works and follow and subscribe if you want more updates from me. Thanks for reading. Drop a comment if you have any questions or contributions. Also, if you have projects you'd like me to write about, my fee ain't expensive so just drop message my mail 📬
johnmikayla69@gmail.com

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