Proprivex, like Avalanche, will take Blockchain technology to a new level

The introduction of blockchain technology changed the way people view basic transactions and financial services globally. The main motivation was profit. However, the weak security network of these systems made it impossible to guarantee the safety of assets and funds. Many problems have been made obsolete due to blockchain technology. The cryptocurrency market had surpassed $1.7 trillion in valuation as of January 2022, and the DeFi market is breaking the total value locked (TVL) record. The crypto asset market is expanding at a fast pace, which means more opportunities and an influx of investors in the coming years.

A project with a vision driven by people before profits and the creation of a world where investors can rest easy because they trust that their assets are safe and well managed has emerged and it is called Proprivex.

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 one and all. Managing one’s portfolio is sometimes a problem, and Proprivex seeks to complete this task efficiently. Cryptocurrency users want a secure exchange platform with the best investment returns for their tokens, and they all require a trustworthy, 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 some challenges; these challenges include:

  • Poor asset management tools and inaccurate real-time market analysis
  • Loose security protocols
  • Complex and inefficient infrastructure
  • Users stay to find out everything
  • inefficient framework

How does Proprivex stand out?

  • Transparency
  • Low cost
  • various crypto assets
  • gamified ecosystem

Ways in which Proprivex solves the challenges faced by cryptocurrency management platforms

  • High End Asset Management Tools – Trading and market analysis can be more difficult for novice and experienced traders as they may be busy with their day jobs or other activities. The Proprivex ecosystem is connected with the latest AI and machine learning tools and algorithms to ensure users receive daily market analysis and reports.
  • Security on a massive scale: The Proprivex security protocol will combine the newest technology with the smallest possible hacking footprint and will be developed using the best techniques in the crypto field.
  • Efficient framework and infrastructure: The framework used by Proprivex is Avalanche, which is incredibly light, fast and effective. By charging low and reasonable transaction fees, Proprivex is able to remain carbon neutral regardless of transaction volume.

Proprivex Tokenomics

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

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The asset management service will only be available to token holders, which will make token transactions more attractive. Proprivex exchange supports trading pairs for major cryptocurrencies by market cap and volume like Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), Polkadot (DOT), USDT, Avalanche (AVAX), etc. Exchange fees will be based on trading volume and will be charged in Proprivex token (PPX). Additionally, Proprivex intends to expand its ecosystem to include non-fungible tokens (NFTs).

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

Bonuses provided by Proprivex token

Users of the Proprivex ecosystem have different bonuses to claim 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 given to the buyer. Below are some other bonuses received when buying with different cryptocurrencies;

USDT TRC-20 – 20%

USDT ERC-20 – 10%

Bitcoin (BTC) – 10%

Dogecoin (DOGE) – 11%

Shiba Inu (SHIB) – 11%

Additional bonuses of 8%, 6% and 4% are also given when the PPX token is purchased in the first, second and third pre-sale stages.

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 protecting 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 (AVAX) network employs a secure consensus mechanism. Because the workload is spread across many chains, the work done on the Avalanche (AVAX) network is seamless. The exchange chain (X-Chain) is the blockchain that allows assets to be created and traded on the Avalanche (AVAX) network. In contrast, the contract chain (C-chain) is an Ethereum virtual machine used to implement Ethereum smart contracts, and the platform chain (P-Chain) keeps track of validators to manage the Ethereum landscape. the network subnet.

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The outstanding properties of the Avalanche Ecosystem (AVAX) are;

  • Ability to process many transactions: Avalanche is one of the fastest smart contract blockchains in the industry. The speed of transactions means that investors can expect fast data returns. Additionally, the exchange, smart contracts, and transaction validation are all handled by different chains, reducing downtime and increasing performance consistency.
  • Customizable Blockchain: Avalanche is a complex and secure network where the implemented blockchains can be customized to meet the needs of the developers and the platform. Given the sensitivity of the applications, this provides an even stronger framework for Proprivex.
  • Nominal transaction fees: The network is built where transactions are validated many times but in batches. This makes it more efficient and less expensive to verify transactions on Proprivex. Furthermore, the integration with Avalanche makes it easy for merchants to adopt the Proprivex solution.
  • Borderless DeFi: Because the AVAX codebase is written in Solidity, the same language used to build Ethereum and several other EVM-compatible chains, Avalanche supports 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 indifference in accepting cryptocurrencies as a global medium of exchange. Building on Avalanche allows us to achieve all of our goals while being environmentally friendly. As of November 2021, the Avalanche Network has declared itself carbon neutral. In this way, users will not have to worry about the implications of their actions on and with Proprivex.

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

The most significant similarities between the Ripple and Avalanche ecosystems are the small transaction costs 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 thriving. With features like fast transaction speed and low transaction cost, Proprivex (PPX) will perform as well or even better than Avalanche (AVAX) and Ripple token (XRP) in the cryptocurrency market.

Disclaimer: This is a paid release. 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 the information available in such content. Research and invest at your own risk.

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