Haven1 scores impressively on latest TokenMetrics report

The full TokenMetrics report goes into extensive detail regarding other areas such as architecture, usability, and commits on GitHub. The report results show that Haven1’s technical capabilities truly do make it the premier Web3 destination for on-chain finance, and highlights the robust code and security measures of the blockchain.

Let’s dive into some of the scores and what it all means for the future of on-chain finance.

Key insights from the TokenMetrics report

The TokenMetrics report has an overall technology score of 55, of which Haven1 scored 45. This score focuses on the technology aspect of a cryptocurrency project, considering critical factors such as security, development activity, and code quality.

Haven1 received full marks on code quality. But beyond technology and code quality, Haven1 achieves an outstanding total percentage score of 83.64% in the TokenMetrics report, meeting all the necessary criteria for a viable blockchain project. The initial screening involves an automated process combining fundamental analysis, technology analysis, and valuation to evaluate a cryptocurrency project. Overall, Haven1 received outstanding outcomes on all three subsets.

Here’s a summary of the report’s key insights:

• Perfect initial screening
• High code quality (100%)
• Outstanding project technology score (83.64%)

Haven1 secures code quality and innovation

At the core of Haven1's success within the TokenMetrics evaluation is its dedication to code quality, reflected in a perfect score of 15/15. The project’s codebase not only facilitates seamless navigation but also offers protection against potential vulnerabilities, with thorough documentation to ensure transparency for developers and stakeholders.

Haven1 has an innovation score of 7/11. This comprehensive testing to cover every aspect of the codebase proves the project’s resilient foundation for risk management and security enhancement, assuring a secure on-chain finance platform.

Haven1’s move for innovation has earned the project a significant percentage of crypto users anticipating its use, following the inclusion of features such as network-level guardrails and structured recourse mechanisms.

Architectural and strategic potentials equal success

Haven1's architecture secures a commendable score of 8/12 with a focus on the Proof of Authority (PoA) consensus mechanism. This mechanism by the development team ensures network security while maintaining a straightforward and non-complex structure while providing a medium level of resistance against bad actors.

In tandem with its innovative architecture, Haven1's development team secures a near-perfect score of 5/7, reflecting a blend of experience, innovation, organized workflow, and collaborative development practices. 

But what truly sets Haven1 apart in the TokenMetrics report is the team’s commitment, experience, and coding abilities, which have positioned Haven1 as a model blockchain project capable of adapting to the evolving needs of the on-chain finance space.

Haven1 has backing from Yield App, a prominent digital wealth platform, which provides solid support and acts as the main foundation for the Haven1 development team. Blockchain success is a matter of decentralization, but for Haven1, it can be a mixture of centralization and DeFi, with features extending to asset custody, strategic partnerships, and identity verification solutions.

Haven1 achieves perfect usability and strategic roadmap

Haven1 is currently in the internal testnet phase, but its approach for deployment and usability for infrastructure projects has received perfect ratings.

Here they are:

• Haven1 bags a perfect 5/5 usability score for its infrastructure projects
• Its project roadmap also scores an impressive 5/5

Haven1 redefines on-chain finance on TokenMetrics

Haven1’s perfect scores on code quality, usability and project roadmap for mainnet release suggest significant anticipation among users. The future looks brighter for Web3 and Haven1 will play a pivotal role in setting new standards as a secure on-chain finance platform.