A very interesting project

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TITLEA very interesting project
Disclaimer, currently holding $$$,$$$ in this coin so take anything I say with a grain of salt

Alright, so the coin is Incognito - $PRV (https://incscan.io/)

Short summary:

This coin essentially allows you to deposit cryptocurrency into their network (all trustless, funds can't be beamed), so you'd convert 1 BTC to 1 pBTC.

Then you can send the 1 pBTC to anyone else on the network and convert it to 1 BTC anytime you want.

This is what makes the core concept of the coin which is for their decentralised anonymous exchange, as far as I'm aware this is the only anonymous decentralised exchange which has absolutely no trace of funds, there is no way to prove where any of the money went.

This can also be a good method to hide your own coin history or protect your privacy by "shielding" the funds and then "unshielding" them.


Incentives for investors:

You can use the funds "shielded" / "deposited" onto their network and on your private key to provide liquidity to their pDEX (private decentralised exchange) for trading and you can receive the following rates at the moment:

Bitcoin: 12% APY
Ethereum: 10% APY
XMR: 11% APY
USDT: 8% APY
DAI: 9% APY

(native token) PRV: 28% APY

The providing process above has no lock-in period which is why it's a lot more appealing than other solutions.

The money gained from providing updates continuously, personally when I refresh every few seconds my gains go up by a cent equalling $$$ weekly for holding my money risk-free.

There is also no risk behind providing since all of it is coded with smart contracts and everything is transparent.


Speculation:

The coin has been growing quite a lot since it's recent launch, you can see all of the BUY/SELL trades here, all of it is transparent - amounts & addresses of all transactions are hidden and fully anonymous.

As you can see, the current market cap is around $18mil which places the coin in the top 100 on CoinMarketCap but the coin has not even been listed yet and has already grown so much.

Also, the price is currently at $1,40 but the market cap is much higher which means it's likely that the coin is undervalued right now as the market cap is higher than the previous ATH but $.10 lower.


Promising Features:
- Binance has funded the development of the team: https://blog.incognito.org/binance-funds-development-of-the-incognito-portal/
- The coin has been in development for years now and has super cool concepts behind it regarding privacy
- Upcoming Official Desktop & Web Wallets
- They offer incentives in order to build websites or software using their token: https://we.incognito.org/t/builder-rewards-what-every-builder-must-know/5198
- Their fees are often as low as 0.0000001 PRV which is so minuscule you'll not notice it, and transactions are always confirmed within a minute on average
- They are soon bound to be listed on CoinGecko & CoinMarketCap which would lead to huge gains on the token value
- Due to the coins amazing privacy features, this could be very promising for a large darknet market to adapt in the future as it allows the consumer to spend any cryptocurrency but with 100% anonymity using the Incognito Network

How to invest:
Start by downloading their official application and depositing BTC, ETH, etc.. on the "Assets" page in the main menu.
- iOS: https://apps.apple.com/us/app/incognito-crypto-wallet/id1475631606
- Android: https://play.google.com/store/apps/details?id=com.incognito.wallet

If anyone has any questions regarding the token, feel free to ask - I've been researching it a lot for a couple of weeks and it's quite interesting, personally I'll be holding for the long term.

Update 14/10/20:


The token is being listed on an exchange shortly, this should increase price activity!
 
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Post #8 by pb

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hello niggacoli welcome to ogsex
 
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