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In January 2019, a group of dedicated community members took control of the project, believing in the initial vision's potential despite the earlier missteps. With support from some of Monero's leading developers, the new team was able to fork the original code, moving towards the goal of integrating colored coins into Haven's private blockchain.
The successful introduction of Haven’s first synthetic asset, X USD, in July 2020 marked a significant milestone, causing over 4.5 million X USD to be minted since then.
Current Use Cases for Haven
The functionalities of Haven Protocol available now are as follows:
- Storage: Users can store value completely outside traditional banking systems while retaining privacy over their assets.