The PrivacySwap 2.0 ecosystem is a utility cryptocurrency system based on Binance Smart Chain (BSC). While PrivacySwap 2.0 echoes the original version, its core purpose remains the same: to let users utilize blockchains and DeFi in a secure, safe, and profitable way.
PrivacySwap 2.0 connects holders, traders, and blockchain enthusiasts into one community. This platform seeks to foster an environment that promotes the overall improvement of crypto markets and the broader internet while rewarding ecosystem users.
According to the whitepaper, the permission-free protocol of DeFi ensures that no user is excluded, regardless of geography, background, or social position. Anyone who participates has equal access to information and privacy.
PrivacySwap 2.0 creates a secure blockchain that aligns with users' aspirations through its PRVG utility token. As a result, holders can earn rewards from staking into farms and pools with their new staking token, PRV2. Furthermore, they can boost their earnings by staking NFTs in their selected farms.
The PrivacySwap token was used on the Binance Smart Chain (BSC) under the ticker $PRV. In PrivacySwap V2, PRV migrates to a dual token structure—PRVG and PRV2. They both contain a fixed circulation to prevent hyperinflation from producing an ever-increasing supply.
Users can own PrivacySwap through PRVG. Holders of PRVG can earn PRV2 and a BUSD component, which is accumulated through deposit fees and other fees such as PRV2 transfer taxes earned from the entire PrivacySwap ecosystem. The PRV2 token serves as the new farming token, utilized as a reward for stakes in farms and pools.
The PRVG foresees no deflationary measures. The automated market maker (AMM) charges PRV2 users a sales tax of 8% on the transactions they make. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset. About 5% of that is liquidated and distributed to PRVG shareholders via a BUSD distribution pool. There is also a distribution of 1.5% to the treasury, 1.5% to marketing, and 1.5% to development.
