Privatix price is $0.03799477
Currently, the price of one Privatix (PRIX) is $ 0.03799477, showing a +0.00% change in the last 24 hours. The daily trading volume stands at 1.3K, and it ranks at number #3623 by market capitalization, which is $ 42.8K.
Privatix (PRIX) is a decentralized 100% autonomous Peer-to-Peer VPN Network built on blockchain technology. Their aim is to create the Internet's first bandwidth marketplace. This works by allowing any user to sell their spare or idle Internet broadband to the Privatix Network and instantly receive compensation in cryptocurrency. The payments received by these users come from buyers paying for the bandwidth they use, either through third-party applications or direct purchases.
Unfortunately, we do not have specific information on the team behind Privatix. However, it is based on the collective efforts of developers, blockchain enthusiasts, and cybersecurity experts who believe in the vision of a decentralized autonomous VPN network. For more detailed information, we recommend checking out their website or any official publications.
Privatix operates as a global virtual private network (VPN) powered by blockchain. It allows users with excess or idle bandwidth to sell it on the Privatix Network, thereby monetizing a previously underutilized resource. To facilitate this, a marketplace was developed where users (sellers) list their available bandwidth and potential buyers can purchase it using the Privatix (PRIX) token.
All transactions for bandwidth purchases are made using the Privatix token (PRIX) and occur within the network between users directly, making the system decentralized and eliminating the need for third-party involvement. This peer-to-peer exchange of services for Tokens forms the foundation of their crypto-economy.
The Privatix token (PRIX) is the native cryptocurrency used to facilitate transactions within the Privatix network. Sellers receive PRIX as payment for their idle Internet bandwidth that buyers purchase. PRIX serves as an incentive for users to participate in the network and enables the entire exchange to be executed on the blockchain, ensuring security, visibility, and integrity of transactions.
Several characteristics distinguish the Privatix Network. Firstly, it provides a platform for users to monetize their unused internet bandwidth and allows others to purchase this bandwidth at competitive rates.
Secondly, it is built on robust blockchain technology, which ensures all transactions are secure and transparent.
Thirdly, as a decentralized network, Privatix enables direct peer-to-peer transactions, removing the need for intermediaries and other third-party entities, further reducing cost and increasing efficiency.
Finally, Privatix is a 100% autonomous network, meaning operations continue without central regulatory or management organs, thereby fostering user independence and control.
The current circulating supply of Privatix (PRIX) tokens is 1.1M, out of a total possible supply of 1.3M.
The Privatix token is available for purchase on several exchanges. The list of supported exchanges includes YoBit, among others. Always remember to take the necessary precautions when dealing with cryptocurrency transactions. Trading should be done responsibly because it involves a considerable amount of risk. Always make sure to keep your private keys and wallets secured to keep your cryptocurrency from getting stolen.
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