Detailed overview of the tokenomics for PrivaCoin (PRVC), with a maximum supply of 4. 5 Trillion PRVC tokens:.

10 Feb 2023, 07:42

Detailed overview of the tokenomics for PrivaCoin (PRVC), with a maximum supply of 4.5 Trillion PRVC tokens: Maximum Supply: The maximum number of PrivaCoin tokens that will ever exist is 4.5 Trillion PRVC. Token Distribution: The total supply of PRVC tokens will be divided among different wallets with different lock periods as follows: 40% of the tokens (1.8 Trillion PRVC) will be allocated to the Token Sale Wallet during the initial deployment of the token. These tokens will be available for purchase by investors during the token sale event. 9% of the tokens (405 Billion PRVC) will be locked for 1 year and sent to the Marketing wallet. These tokens will support marketing and promotional activities for 1 year and will be locked in a smart contract on the BSCSCAN platform. They cannot be minted or claimed before the end of the 1-year lock period. 20% of the tokens (900 Billion PRVC) will be locked for 2 years and sent to the Roadmap wallet. These tokens will support the project's roadmap and development for 2 years and will be locked in a smart contract on the BSCSCAN platform. They cannot be minted or claimed before the end of the 2-year lock period. 15% of the tokens (675 Billion PRVC) will be locked for 3 years and sent to the Team & Advisor wallet. These tokens will compensate the project's team and advisors for their contributions and will be locked in a smart contract on the BSCSCAN platform. They cannot be minted or claimed before the end of the 3-year lock period. 16% of the tokens (720 Billion PRVC) will be locked for 4 years and sent to the Reserve wallet. These tokens will support the project's long-term stability and growth and will be locked in a smart contract on the BSCSCAN platform. They cannot be minted or claimed before the end of the 4-year lock period. Token Minting Mechanism: PrivaCoin uses a timelock plus 3/5 approval mechanism to mint the token supply to different wallets after different lock periods. Locking Mechanism: All of the locked tokens mentioned in the tokenomics are stored in smart contracts on the BSCSCAN platform and cannot be minted or claimed before the end of the locked time. This ensures the integrity of the tokenomics and prevents any potential manipulation of the token supply. It's important to note that the locking mechanism applies to all of the locked tokens, regardless of the wallet they are assigned to. This means that the tokens in the Marketing, Roadmap, Team & Advisor, and Reserve wallets are all locked in smart contracts on the BSCSCAN platform and cannot be minted or claimed before the end of their respective lock periods.