Wed. Mar 29th, 2023

Accessibility, proper management, and guaranteed safety are the most important things when managing assets, making constant innovation a must in the banking industry. Even with the traditional banking system, there is an evident evolution in managing customers’ assets and ensuring their accessibility.

From the development of credit cards, online banking, and mobile banking to the creation of several financial apps by Fintech companies to facilitate transactions, the trend in the industry is tailored towards discovering new ways for customers to be able to have control and manage their assets from the comfort of their home.

This not only proves how vital evolution and innovation are to the financial industry, it clearly shows that the very essence of owning assets lies in the ability to have access and control over those funds.

The crypto world has several advantages over the traditional banking system. Its decentralized nature alone increases the level of accessibility for lots of people due to minimal barriers. The diversity of crypto assets also aids investments as people can easily invest in different assets simultaneously. However, the complex nature of crypto and how different it is from traditional assets, which most people are used to, makes it difficult for users, especially individuals new to the system, to navigate the crypto world successfully without falling victim to hackers and scammers.

With cryptocurrencies varying in fundamental cryptographic makeup and application, and crypto assets growing in variety at full speed, there is a need for a credible and User-friendly asset management system, and PROPRIVEX is that system.

What is Proprivex?

Everything needs space to thrive, and crypto assets are not an exclusion. The need for a suitable environment that allows users, investors, and managers to thrive within the crypto space without problems inspired the creation of an intuitive ecosystem for the crypto world.

Proprivex is a trading and portfolio management system created to help combat the complexity of managing several crypto assets and provide maximum security for its users by managing these assets under an intuitive platform.

The platform uses industry-leading asset management tools and smart contracts to guide users, traders, and investors to trade and effectively manage crypto assets. Investors and users also have the option to opt into the services of having experienced asset managers oversee their investments and portfolios.

What Makes Proprivex Exceptional?

One thing that gives Proprivex a huge advantage is its utilization of Avalanche. Avalanche is an open, programmable smart contracts platform for decentralized applications. The Avalanche is one of the fastest smart contract blockchains in the industry. The fragmentation of chains allows different chains to be responsible for various activities like exchange, smart contracts, and transaction validation. This helps reduce interims and increase performance uniformity, leading to many transactions being carried out in record time.

Avalanche also ensures nominal transaction fees, customizable blockchain, and carbon neutrality which means users can rest knowing their actions have no implications on the fragile environment and climate.

Furthermore, The Proprivex ecosystem will be a platform that is community driven as it runs under a Decentralized Autonomous Organization (DAO). This means that its users and holders can participate in the development and decisions made in the ecosystem through democratic voting. Decisions on matters such as the flow of crypto assets, security, and smart contracts upgrade, reward programs, the percentage of fees to be charged per transaction and what purpose those fees will serve, cross-chain activities and bridging transactions will be made by individuals within the ecosystem that meets the criteria and possess necessary qualifications required to have a vote in the ecosystem. The weight of votes differs for each individual and is contingent on how active the voter is in the crypto-asset diversity and the portfolio volume.

How Will Proprivex Work?

The platform is set to launch in the last quarter of 2022. The past two months have seen intensive planning go into bringing Proprivex to life. From developing a well-rounded and functional website to the deployment of smart contracts, completion of financial audit, Decentralized exchanges Listing, and presale on Uniswap and Pangolin Exchange. Proprivex also has plans to allow for the inclusivity of non-fungible tokens (NFTs) in the ecosystem.

The NFTs will be integrated with DeFi and cross-chain properties for increased utility and use cases. It would also be implemented to serve as a reward for milestones achieved by users. The NFT marketplace is scheduled to be launched in the first quarter of 2023.

A website and a mobile application would be made accessible to users, aiding users in transacting on exchange. An over-the-counter portal also exists, suited to traders and investors who intend to make a huge withdrawal and deposit but do not want it messing with the market process or being affected by slippage while enjoying the lowest possible transaction fees.

Oracles are fundamental to the pellucidity of crypto asset management platforms. Also commonly referred to as blockchain middlewares, they are entities that connect blockchains to the real world.  They act as on-chain APIs that help with gathering information from real-world data and can also be used to send out data. The choice of oracle for Proprivex is Chainlink owing to its comprehensive framework and impressive reviews from top companies. With oracles integrated with Proprivex, traders and users of the platform can assess their investment portfolios without the headache of too many go-betweens.

Like any other space, a uniform and recognized means of exchange are required as having one allows for greater efficiency and stimulates an increase in overall trading activity. The official utility token of the ecosystem is Proprivex’s token, $PPX. All services rendered on the platform will be charged and paid for in $PPX tokens. Other tokens are allowed as a means of exchange, but PPX would be very much incentivized to boost the use of the token and make it more appealing to users. Holders of the $PPX will also become part of the governing DAO, and asset management service will only be open to $PPX token holders. The current supply of the token is 650 million.

How To Buy Proprivex (PPX)

There are two ways to buy the PPX token, although one is more advantageous than the other. The first is through Proprivex’s live presale. The presale comes with numerous incentives and rewards, such as a 75% cash back when you purchase any of the top cryptocurrencies. Fiat money could also be used in acquiring the token, and it also yields a 1% bonus when bought with fiat money worth $100. 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 presale’s first, second, and third phases. Referral bonuses are also available for holders.

However, if you are unable to participate in the presale, you could acquire the token in a DEX once it has been listed.

FTX Token (FTX)

FTX is a centralized cryptocurrency exchange released in 2019. It has fast grown into one of the most popular tokens with over 1 million registered users. Its official Token FTX has a billion dollars in daily trading volume, with a high level of utility. It has received funding from top firms as well.

FTX offers various trading options, can be used to lower trading fees, and the token can be used as collateral.

FTX has also collaborated with other crypto giants such as Circle, Paxos, Fenwick, and West.

Proprivex Token (PPX)





Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.








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