PrivaCoin

Hello PrivaCoin community,We are excited to announce that our mainnet has officially launched with a maximum supply of 4.5 Trillion PRVC tokens. We have adopted a timelock plus 3/5 approval mechanism to mint the token supply to different wallets after different lock periods. Specifically, 40% of the token supply will be minted to the tokenSaleWallet during deployment, while the remaining PrivaCoin Supply will be minted and sent to the wallets every year as follows:Marketing: 9% (locked for 1 year) Roadmap: 20% (locked for 2 years) Team &amp; Advisor: 15% (locked for 3 years) Reserve: 16% (locked for 4 years)We have implemented this technique to avoid centralization risk, as recommended by Certik in the following article: &#34;<a href="https://www.certik.com/resources/blog/What-is-centralization-risk" rel="noopener noreferrer nofollow">https://www.certik.com/resources/blog/What-is-centralization-risk</a>&#34;We would like to inform you that our smart contract has fully passed a Certik audit and we do not have any security risks. You can view the Certik audit report here: &#34;<a href="https://www.certik.com/projects/privacoin" rel="noopener noreferrer nofollow">https://www.certik.com/projects/privacoin</a>&#34;You can find our token project page on Coinmarketcap here: &#34;<a href="https://coinmarketcap.com/currencies/privacoin/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/currencies/privacoin/</a>&#34;We have noticed that there is a report on our token page from Gopluslabs stating that &#34;smart contract of the following asset can be modified by the contract creator (for example: disable selling, change fees, mint new tokens, or transfer tokens). Please exercise caution before taking any action and DYOR.&#34; We would like to stress that the risk that they mentioned is not a security risk, but rather a security improvement. We believe that Gopluslabs report is not accurate and it is not true.We kindly request that Coinmarketcap remove the Gopluslabs report from our token page to ensure that our token&#39;s trust score is not negatively affected.Please let us know if you have any questions or concerns.Best regards, The PrivaCoin Team

Announcement to PrivaCoin Community

PrivaCoin

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