Proprivex, like Avalanche, to take blockchain technology to a new level

by Arthur · September 2, 2022

The introduction of blockchain technology changed how people view basic transactions and financial services globally. The primary motivation was profit. However, the weak security network of these systems made it impossible to guarantee the security of assets and funds. Many issues have grown up to date due to blockchain technology. The cryptocurrency market had passed $1.7 trillion in valuation as of January 2022, and the DeFi market breaks the Total Value Locked (TVL) record. The market for cryptoassets is expanding at a rapid pace, which means more opportunities and an influx of investors in the coming years.

A project with a human-driven vision before profit and creating a world where investors can rest easy because they trust that their assets are safe and well managed has emerged and is called Proprivex.

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What is Proprivex?

Proprivex is a digital asset and forex trading and portfolio management platform that aims to help users manage their various portfolios from a single platform. Proprivex is about making blockchain work for everyone. Managing one’s portfolio is sometimes a problem and Proprivex seems to complete this task effectively. Crypto users want a safe exchange platform with the best return on investment for their tokens, and everyone demands a trustless, simple, interactive, intuitive, community-driven and secure ecosystem. Proprivex’s mission is to create a suitable platform that meets all these requirements.

Crypto asset management platforms face a few challenges; these challenges include:

Poor asset management tools and inaccurate real-time market analysis
Loose security protocols
Complex and inefficient infrastructure
Users have to figure it all out
Ineffective framework

How does Proprivex stand out?

Transparency
Low cost
Various crypto assets
Gamified ecosystem

Ways that Proprivex solves challenges faced by Crypto Management Platforms

High-End Asset Management Tools: Market and trading analysis can be more difficult for beginners and experienced traders as they may be engaged in their day jobs or other pursuits. Proprivex’s ecosystem is connected to the latest AI and machine learning tools and algorithms to ensure users receive daily market analysis and reports.
Full-Scale Security: The Proprivex security protocol will combine the latest technology with the smallest possible hacking footprint and is developed using the finest techniques in the crypto arena.
Efficient framework and infrastructure: The framework used by Proprivex is Avalanche, which is incredibly light, fast and efficient. By charging low and reasonable transaction fees, Proprivex can maintain its carbon neutrality regardless of transaction volume.

Proprivex Tokenomics

The official tool of the Proprivex ecosystem is PPX. All platform-provided services will be charged and paid for in Proprivex tokens (PPX). Payments can be accepted in other tokens, but incentivized through discounts in the Proprivex token (PPX). As a Proprivex token holder, you automatically become a member of the governing Decentralized Autonomous Organization (DAO) and receive rewards.

The asset management service will be available only to token holders, making token transactions more attractive. Proprivex’s Exchange supports trading pairs for top cryptocurrencies by market capitalization and volume such as Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), Polkadot (DOT), USDT, Avalanche (AVAX), and so on. Exchange fees will be based on trading volume and charged in the Proprivex token (PPX). In addition, Proprivex intends to expand its ecosystem to include non-fungible tokens (NFT).

The NFTs will be integrated with Decentralized Finance (DeFi) and cross-chain capabilities for increased utility and use cases. The Proprivex ecosystem will be community driven. Holders and users of the Proprivex token can participate in the management. The total supply of the Proprivex token is 650 million.

Bonuses provided by the Proprivex token

Residents of the Proprivex ecosystem have different bonuses that can be claimed depending on the cryptocurrency exchanged for the Proprivex token. When the PPX token is purchased with Ethereum (ETH), the buyer receives a 13% reward. On the other hand, when a Binance coin (BNB) is used to buy the PPX token, a 15% bonus is awarded to the buyer. Below are some other bonuses received when purchasing with different cryptocurrencies;

USDT TRC-20 – 20%

USDT ERC-20 – 10%

Bitcoin (BTC) – 10%

Dogecoin (DOGE) – 11%

Shiba Inu (SHIB) – 11%

Additional 8%, 6% and 4% bonuses are also awarded when the PPX token is purchased in the first, second and third stages of the presale.

Avalanche (AVAX) and The Ripple token (XRP)

Avalanche (AVAX) is an open source, programmable smart contract platform for decentralized applications (dApps). AVAX is the Avalanche (AVAX) network token used to pay transaction fees while securing the Avalanche (AVAX) network. The Avalanche network has the following advantages: speed, versatility, security, affordability and ease of access. The Avalanche network (AVAX) can support many blockchain-based projects. The Avalanche network (AVAX) uses a secure consensus mechanism. Because the workload is distributed across many chains, the work done in the Avalanche network (AVAX) is flawless. The exchange chain (X-Chain) is the blockchain that allows assets to be created and traded on the Avalanche network (AVAX). In contrast, the contract chain (C chain) is an Ethereum virtual machine used to deploy Ethereum smart contracts, and the platform chain (P chain) keeps track of validators to manage the landscape of the network’s subnet.

The outstanding features of the Avalanche (AVAX) ecosystem are;

Ability to process many transactions: The Avalanche is one of the industry’s fastest smart contract blockchains. The transaction speed means that investors can expect fast data throughputs. In addition, exchanges, smart contracts and transaction validation are handled by different chains, reducing downtime and increasing performance consistency.
Customizable Blockchain: Avalanche is a complex and secure network where deployed blockchains can be customized to meet the needs of the developers and the platform. Given the sensitivity of the applications, this provides an even more robust framework for Proprivex.
Nominal transaction fees: The network is built where the transactions are validated many times, but in batches. This makes it more efficient and less expensive to verify transactions on Proprivex. In addition, the integration with Avalanche makes it easier for traders to adopt the Proprivex solution.
Borderless DeFi: Because the AVAX base code is written in Solidity, the same language used to build Ethereum and several other EVM-compatible chains, Avalanche is compatible with many chains. Avalanche’s cross-chain compatibility enables fast cross-chain transactions.
Carbon neutrality: Massive carbon footprints have been one of the reasons behind the nonchalance in accepting cryptocurrencies as a worldwide medium of exchange. Building on Avalanche enables us to achieve all our goals while being environmentally friendly. As of November 2021, the Avalanche Network was declared carbon neutral. In this way, users do not have to worry about the implications of their actions on and with Proprivex.

Ripple token (XRP) functions as a cryptocurrency, and a digital means of payment for transactions in financial institutions. Financial institutions can exchange currency more cheaply by using the Ripple token (XRP) instead of other fiat currencies, acting as a bridge currency.

The main similarities between the Ripple and Avalanche ecosystems are the small cost of transactions and the speed of transaction processing. Transactions on the ripple network are processed in seconds.

In conclusion, blockchain technology continues to grow and many cryptocurrencies are flourishing. With features such as fast transaction speed and low transaction costs, Proprivex (PPX) will do as well or even better than Avalanche (AVAX) and Ripple token (XRP) in the cryptocurrency market.

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