PrivacySwap is all set to move forward to a better ecosystem with the launch of their new tokens, and PrivacyCard will also officially operate in public shortly.
Incoming Ecosystem Improvements
The PrivacySwap developers have been continually developing PrivacySwap to give the best returns to all Decentralized Finance (DeFi) users. With its monthly webinar along with all its exciting features, PrivacySwap is ready to unveil its new tokens, PRVG and PRV2. Simply put, PRVG and PRV2 can give a greater return than their current token. Though PRV already provides an excellent income to its users, PrivacySwap still seeks to provide more revenue and a better farming experience.
PRVG and PRV2: New Tokens and a New Way to Earn
PrivacySwap will release two new tokens that will provide an additional source of income to its users.
PRVG is PrivacySwap’s first-ever governance token. By definition, a governance token is a powerful token that allows holders to join in decision-making for the platform’s future. On top of that, PRVG allows you to gain a percentage from farms and pools, increasing potential income PRVG allows holders to stake on PrivacyCard and to pay for PrivacyMixer. Moreover, PRVG has a limited supply with a slow rate of emission.
PRV2, on the other hand, is the upgraded version of the platform’s current token, PRV. Farming with PRV2 provides higher emissions and higher APR. In addition, with PRV2, the farming experience is measurably upgraded. Used PRV2 will not be burned out of circulation. Instead, PrivacySwap will convert it into BUSD and will distribute it to users who stake PRVG.
PrivacyCard; the Safer and Better Way to Store Crypto
Apart from the two new tokens, the platform announced the release of their PrivacyCard.
PrivacyCard is a debit card that accepts a wide variety of cryptocurrencies. It accepts currencies such as BTC, ETH, BNB, USDT, BUSD, USDC, CAKE, EOS, ALPACA, XVS, AUTO, MDX MBOX at launch, and more will come at a later time.
There are still staking requirements, but PrivacySwap reduced the staking requirements compared to previous announcements. The updated staking requirements are as follows:
Black Premium Tier: USD 500
Black Metal Tier: USD 5,000
Silver Metal Tier: USD 10,000
Gold Metal Tier: USD 15,000
Referral rewards remain available on PrivacyCard. PrivacySwap will give a one-time referral reward worth $10 USD for every successful referral to purchase. For each successful recommendation to the metal series, there will be a $50 USD referral fee.
The diversity in using PrivacyCard is nearly unimaginable. The debit card is usable in online shopping, purchasing subscriptions, buying and selling Non-Fungible Tokens (NFTs), and more.
PrivacySwap Oracle allows you to load cryptocurrencies onto your debit card and track the movement of your assets. PrivacySwap Oracle is a multi-chain aggregator that connects web3 wallets to any existing debit card solution. It allows for on-chain data interchange with traditional financial services, allowing card issuers to safely enter the DeFi space.
PrivacySwap will post all the essential updates and everything you need to know on the platform’s official web pages, so stay tuned to our socials to find out more.
Looking to the Future
The migration is only a fraction of their roadmap. As announced, PrivacySwap will eventually launch a Decentralized Exchange (DEX), focusing on security and stability. A DEX by definition is a platform that works as an autonomous market maker and supports an efficient and fair market for Binance Smart Chain exchanges. With the DEX, PrivacySwap will receive a modest fee on each trade, which will be used to reward liquidity providers and PRVG hodlers, effectively closing the loop on a robust ecosystem.
With these promising new features and a solid roadmap, both the platform and its investors indeed have a clear and defined financial freedom in the future.
To learn more about PrivacySwap, visit the following links:
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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