PrivacySwap’s PYDEX token supply

PrivacySwap has recently launched its very own Decentralized Exchange (DEX), and its native token PYDEX, is the platform’s key for the variety of financial applications that users can grow their money with.

PYDEX only has a total supply of 888,000,000 for investors to grab on to, and they will no longer be any tokens that will be minted or added to it. It is already set, and no one, not even anyone from the team, can alter it.

Since PYDEX follows a deflationary model, its supply can only decrease over time rather than increase. Its supply will only diminish whenever the tokens are taken out of the PYDEX ecosystem or sent to a dead wallet, and it can no longer be recovered.

This model follows the principle of supply and demand, where when the supply diminishes, and the demand continues to surge, the price of the token bearing this kind of model will also follow its trajectory.

$PYDEX’s use cases

The general rule of thumb for a token’s price to surge is its continuous and extensive utility under its platform. This ensures that the demand and flow of the token will be active and will be able to drive its price moving forward.

$PYDEX under the PrivacySwap DEX has a variety of use cases. Among others, PrivacySwap will be launching its very own PrivacyCards, its PrivacyLaunchpad, Farms and Pools, and PrivacySwap’s HackerNet Marketplace.

Also Read: Bitcoin technical analysis for beginners

PrivacyCards, Farms, and Pools

$PYDEX will be used as a token to load the PrivacyCards. With this, users will be able to spend their crypto anytime, anywhere. All that the user needs to do is to stake their PYDEX for a period of time, and they will be eligible for a PrivacyCard.

There are four tiers of the cards to choose from for your PrivacyCard, which depends on the number of PYDEX you staked:

Black Premium Tier, when you stake USD 200 worth of PYDEX
Black Metal Tier, when you stake USD 1,000 worth of PYDEX
Silver Metal Tier, when you stake USD 1,000 worth of PYDEX
Gold Metal Tier, when you stake USD 2,000 worth of PYDEX

PYDEX will also be used for users to participate in PrivacySwap’s Pools and Farm, which has a competitive ROI for them to grow their money.

PrivacyLaunchpad and HackerNet Marketplace

PrivacySwap will also introduce into its ecosystem the PrivacyLaunchpad and its unique feature, the HackerNet Marketplace.

Under the PrivacyLauchpad, project startups can be helped in raising the funds they need to continue their operation smoothly. This launchpad will also provide investors diversity upon investing in a crypto project within a single platform by giving access to various booming crypto projects that were evaluated before they were launched.

For the highly anticipated HackerNet Marketplace, PrivacySwap will be venturing into providing cybersecurity-related services. As the founders of PrivacySwap is also an expert in the field of cybersecurity, it is no wonder why such a service will be added to PrivacySwap’s ecosystem.

Conclusion

A project’s total supply is everything for the determination of its future performance. It provides traders an insight as to how it will perform in the future and how it will affect the price movements over the years.

With PrivacySwap having only 888,000,000 $PYDEX tokens and having a strong utility to choose from, the moon is the limit for its future performance.

Also Read: How to: Calculate your crypto taxes

| Website | Telegram | Telegram Announcements |

| Medium | Twitter | YouTube | Gitbook |

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store