The Proprivex ecosystem is a new project that aims to remove some of the bottlenecks surrounding the traditional finance industry. The platform will utilize a cryptocurrency known as the PPX Token.
Proprivex has identified that the digital asset management sector is a niche opportunity and could boom in the future. Cryptocurrencies have some inherent characteristics such as unique utilities and price volatility. These assets need technical and advanced skills for proper portfolio management. These digital assets are not issued on paper and will need to evolve rapidly.
Not all tokens are listed on all exchanges and navigating decentralized exchanges could be a bit challenging for new and amateur users. This is where Proprivex will help such users in taking advantage of a simple yet elegant spot trading platform along with the ability to utilize margin for trading purposes. The Proprivex ecosystem will enable efficient and secure trading, staking, and asset management of diverse crypto assets along with full-scale security.
Is Proprivex a reliable project?
The Proprivex team has put together a comprehensive road map detailing its plan. Moreover, the smart contracts of the Proprivex ecosystem will be audited by Certik which is an industry leader in such audit programs. The decision to go for an audit itself ensures sufficient transparency and accountability of the project. Read the audit report once it is out and also go through the technical documents to ensure that the project is reliable and could potentially provide meaningful gains in the future. To prevent any rug pulls, all tokens sold will have a vesting period of two months.
What utilities does Proprivex provide?
The Proprivex ecosystem will include support for asset management services through AI and machine learning algorithms and tools. The DeFi yield aggregator of the Proprivex ecosystem has been built to incorporate and will therefore offer very low costs for its users.
Support for spot trading will be provided through a web browser and an application. Users will be able to pay for trading fees through PPX Tokens. Support for OTC and margin trading will also be provided through the portal. Both retail and institutional clients will be able to take advantage of the services offered by the Proprivex ecosystem.
Users will be allowed to borrow or lend assets and will therefore be able to take hedge positions in order to protect their primary investment. The PPX Token will also provide voting power to its holders. Following are the tokenomics of the PPX Token:
Token Supply: 650 million
35% reserved for Seed, Strategic, Whitelist, and Private Sale
20% reserved for the website, DAO, DEX liquidity
17% reserved for incentives (reflections, referrals, and discounts)
12% earmarked for Proprivex fund (Legal, Lobbying, Partnerships and Acquisitions, Ecosystem, 2% per month of revenue for operations)7% Startup costs to include; Team, Advisors, Early Partnerships, IDO, and DEX listings
5% for Marketing and Promotion
2% for Treasury
2% allocated for the Public Sale IDO
How to buy the Proprivex Token?
The PPX Token will be offered for purchase through a presale. Users will also be able to get attractive bonuses if they participate during the presale period. A user who chooses to purchase via the or token will be eligible for a bonus of 11% each. In addition, bonuses will also be offered depending on which phase of the presale is used for purchase. For example, a bonus of 8%, 6%, and 4% will be applied during the first, second, and third stages of the presale. A user can take advantage of the presale bonus to build up and accumulate huge volumes of the PPX Token.