A BRIEF OVERVIEW OF PRIVI PROTOCOL

Social network is about to assume a new dimension,what that actually means is that we are no longer going to have it was built like this and this is how we are supposed to use it,we want a situation where we want to be able to customize our social media ,what that means is that … lets take for example you see a feature that you like,the community sees a feature that they like ,they can vote on that feature and it will be developed by either privi protocol or some other developers and then so let’s take for example you like the filters on snapchat or I like this

So Privi is trying to merge social media,blockchain governance with decentralized finance,so social media,you are already aware of social media,acts that can actually help you interact with people from all over the world, but right now,they are not flexible,they are just fixed, the way these platforms are built,that is how they are…. even if you like a particular feature,.. you don’t see it in that particular network,you will have to sign up for another account and the rest of them,it’s really really hard some how,

Governance

The governance in social media networks right now is not something that is in the hands of the community,it’s in the hands of the people who created this communities,how about we create a social network,that the governance is in the hands of people,they can determine how the network interact, .. and then there is decentralized finance,that is skyrocketing so far this year,so we talk about some of the problems,.. and then they are no financial tools in current social media networks And that is where Privi Protocol comes in,it’s a customizable social network that has decentralized finance as the backbone, so lets’ talk about some of the stuff that they offer. The financial tools and the social tools that they offer: For liquidity pools,so what that means is that you can provision,, if you have an ERC20 token or even BTC,it’s BTC compatible,there are no impermanent losses.

You can do credit borrowing inside this protocol,you can even do lending even without depositing assets or collaterals. The next thing is social tokens You can mint social tokens,…. we have social tokens around … of you imagine for example Binance recently issued PSG and JUV tokens,right now,Personal tokens and Community tokens will be a big deal. You can issue this kind of tokens on the privi platform. And then,there is going to be a DAO governance on the platform,there is an insurance cover for the tokens,because decentralized insurance is a great deal right now, .. and because there will be more and more tokens issued,it will be very difficult to keep track of all of them,and there is why they will be having indexes to keep track of a basket of tokens just like we have the S&P500 etc ..so that when you are investing you are not just investing into one but a basket of assets, ..and finally, it will help with the swap of both fungible and non-fungible tokens

PRIVI DIGITAL ID

What that means is that,everybody on the system is going to have a trust score as they interact with the network The Endorsement score, trust score is personal.. okay we have known this person and we can actually endorse this person. And this platform,it has apps that you by permission can allow app sell your data and you make money off that,well before we go,lets’ talk about the tokenomics

3% -- Mining| 14.9% -- Presale| 5% -- Foundation| 76.2% - Public sale

So you might be asking what will the token be used for?

1. Swapping fees in liquidity pools

2. Staking rewards

3. Lending and investment interests

4.Royalties for NFT

5. Insurance validation premiums

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