## What Is Incognito?

Incognito builds privacy infrastructure and applications for web3. The mainnet was launched in Nov 2019.

Incognito runs on its own sharded blockchain, with throughput designed to scale out linearly with the number of shards. To deliver cross-chain privacy for other cryptocurrencies and applications, it is widely interoperable through the use of trustless bridges to networks like Bitcoin, Ethereum, and Binance Smart Chain. 

Incognito implements improved variants of Proof of Stake, pBFT, and BLS at the consensus layer, and achieves privacy using ring signatures, stealth addresses, confidential transactions, and confidential assets.

The core team consists of around 40 builders and researchers. The project is open-source and contributors are welcome.

Incognito’s approach to privacy:

Most existing privacy solutions introduce their own version of cryptocurrencies that focus on privacy. Incognito takes a different approach, based instead on the premise that people want privacy for the cryptocurrencies and applications they already hold and use.
As such, Incognito development is focused on key 3 areas:

1. Privacy for cryptocurrencies like Bitcoin, Ethereum, Binance, etc.
Incognito is designed so users can hold any cryptocurrency and still be able to use it confidentially whenever they want. It achieves this through the use of interoperable bridges to major blockchains.

2. Privacy for applications, like PancakeSwap, Uniswap, etc.
Incognito offers privacy for developers and users of dApps from other chains. dApp developers can write and deploy smart contracts to their blockchain of choice, and users can experience those dApps anonymously.

3. Privacy infrastructure for web3. 
Incognito presents a solution to deliver decentralized privacy at scale. It is powered by a large community of validators, and is designed so that anyone can be a validator candidate by staking a minimum (and maximum) amount of the native coin. In the interests of decentralization, it does not rely on masternodes or delegated staking. 
Incognito products include:

1. A privacy-preserving crypto exchange that allows users to trade anonymously
2. A privacy-preserving wallet that allows for confidential transactions of multiple currencies
3. Developer tools for building natively on Incognito, as well as to connect dApps on other chains
4. Tools that allow validators to easily run and troubleshoot their own virtual nodes.
5. Explorers that display network health and key utility metrics
## The native coin of Incognito is Privacy (PRV). 
It can be used to:

1. Create private counterparts of existing currencies
2. Participate in privacy markets on the Incognito exchange
3. Privately use decentralized apps from other chains
4. Stake to earn Incognito block rewards

### How Many PRV Coins Are There in Circulation?

PRV has a fixed maximum supply of 100M.
95M of the 100M PRV total supply is mined through block rewards. Block rewards are reduced by 9% for every subsequent year. PRV will be fully mined after 40 years. 
Block rewards are split between the validators and Incognito DAO, a decentralized autonomous organization designed to fund protocol development and network growth. Incognito DAO collects a gradually reducing percentage of the block rewards, from 10% to 3%.
The remaining 5M PRV of the max supply was pre-mined and purchased by the Core Development Team for $1M, and has been used to cover salaries, server costs, operational expenses, and marketing activities. There was no ICO.

### Who Are the Founders of Privacy (PRV)?

The founding team consists of a diverse group of anonymous builders, each of whom experienced keenly the need for privacy in the digital economy. Our story is a patchwork of many. 

A professor of applied cryptography had been researching post-quantum cryptography, privacy, and randomness for the past 30 years before finally finding the perfect application for his department’s research. A product designer at a crypto-backed lending and investment platform felt uncomfortable about exposing users’ financial history on public ledgers. A former head of engineering at the largest mobile network operator in Vietnam with 110M subscribers spread across Asia, Africa and the Americas, grew frustrated with the monopolistic practices of a huge state-owned telco. A project lead of a crypto prediction market experienced firsthand from her users the need for privacy.

Today, the team comprises over 40 privacy-minded researchers, cryptographers, distributed system engineers, product designers, and community builders.

### Where can I get PRV?

Native Privacy (PRV) mainly trades on the [Incognito Exchange](https://coinmarketcap.com/exchanges/incognito-pdex/), where hundreds of pairs are currently available, including PRV/pBTC, PRV/pETH, PRV/pUSDT. 

PRV (BEP20) is also listed on [PancakeSwap](https://coinmarketcap.com/exchanges/pancakeswap-v2/), traded against WBNB.

PRV can be mined by running a virtual node on the Incognito network.

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