Hello there and don't get me wrong, this is a post to discuss about the coin. Maybe some of you have already heard about the project and will gladly share their thoughts here 
What is Privcy?First of all, it's important to say that the project is led by a team of Dev who will remain unknown
As they mention in their
thread, they are using 2 important elements which are:
1.
TOR integration (Wiki source)
2.
Stealth Addresses (Investopedia source)
It aims to ensure anonymity, privacy and security for users with this coin through the points above. For now, we don't know much more about the coin itself.
The teamAs mentionned, we only know that it's a team of dev who launched the project. A github account is up, links will be provided at the end of this article. They are active on
Discord to answer (as are mods) when they get time
Coins & distributionThe coin is called PRIV, the wallet can be downloaded (for Windows / MacOS / Linux) on their website. They are 21'000'000 coins premined to ensure distribution this way:
500'000 PRIV (+/- 2.4%) in giveaways (rewards time to time, for an action like retweet, vote, article...)
2'500'000 PRIV (+/- 11.9%) for marketing & bounty fund
3'000'000 PRIV (+/- 14.3%) for founders / investors rewards?
4'000'000 PRIV (+/- 19%) for development fund
11'000'000 PRIV (+/- 52.4%) for airdrop (20 waves, first is already done)
They chose to use hybrid:
- proof of work (PoW) X-13 Algo / block time 45s
- proof of stake (PoS) Y1: 10% / Y2: 7% / Y3: 5% / Beyond: 1%
(maybe MasterNodes might be implanted?)
Total supply at the end will be 30'000'000 PRIV
Roadmap & ExchangeThe airdrop phase started june 2018 (pre-annoucement in may) with first wave and will be fully completed in october 2018 after 20 waves. Bounties are in pending.
Giveaways started from the start and will continue until the end.
PoS & PoW started with the first wave.
There is no whitepaper at the moment, it's announced for 2018Q3 and we all look forward to read it since, i think, this is a major missing piece. We all want to know more about the project, a full description who could give more credits and bring more security.
PRIV is listed on crex24 and they will continue to seek for other exchanges.
BTCETHRUBJPYThey will also look for sponsors and improve marketing along the road
Finally they will develop Android / IOS Wallets and of course improve features and keep developping Privcy.
ConclusionWith few details we know, I do think they need to focus on those points:
- website features (video / tutorials)
- whitepaper is definitely what i would like to see very soon
I do like the idea of a fully private crypto developped by a bunch of passionnate people but i also want to know more. I also think they are building a great community into
Discord and i am very glad to take part in this project from the start.
What are your thoughts?
Links:Airdrop Guide i createdDiscordWebsiteWalletsTwitterGithubCoinlibExplorer
