Do you ask yourself: What is PIVX?

Then you are in the right place!  Read  everything you need to know below!

 But first turn on this song to get in the right mood for PIVX !

1. PIVX provides privacy - privacy is not negiotable

Cryptos are anonymous as cash, only you and the recipient know about the transaction except you publish       the keys. But unlike than most other cryptocurrencies PIVX is really private.  When you use the PIVX CORE

WALLET that you can download from the official PIVX site pivx.org you have a feature to create shielded       transactions. The recipient creates a shielded address and you can then send coins to that adress that are not    displayed on the blockchain.

  2. Full control - the system or you?

governments around the world are working on the abolition of cash!  Why? When there is no more cash    around, governments have full control over every citizen's transaction, especially when they enforce the Central Bank Digital Currencies (CBDC). That corresponds to a 100% monitoring.

PIVX gives you the freedom of your money back. No banker can say: "I do not carry out this transaction" , because there is no bank due to the decentralized structure. Nobody can intervene in your transactions. Nobody can see your transactions if you shield them.

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  3. International / fast  / low fees

Cryptocurrencies are already widespread in many countries.  Furthermore, more and more people accept cryptocurrencies.

Also PIVX can be used internationally with fast transactions, faster than Bitcoin, low fees,  much lower than Bitcoin and most important it features privacy when needed.

4. COLD Staking

One of the coolest features  of PIVX is that you can stake it directly in your wallet. The easiest option that also works on the smartphone is to use the staking option on mypivxwallet.org. Without any further knowledge you can put the coins into staking but you can always instantly  access it. To check the staking rates visit pivx.org

 (before sending coins to mypivxwallet.org make sure you secure the private key and write down  the seed,  even better is to memorize the seed.)

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5. Masternodes

PIVX is a proof fo stake coin that provides it's decentralization via masternodes. To encourage people to setup masternodes masternode owners are rewarded with the newly generated coins. To setup a mastdernode it is necessary to own 10000 coins which will be locked during the time the masternode is actively participating in the network.  You can find masternode setup  guides on pivx.org

6. Inflation model

In the PIVX network one block is generated every minute, which means there are ~ 1440 Blocks per day

• 1 BLOCK PER MINUTE
• 1440 BLOCKS PER DAY

• 4 COINS PER BLOCK STAKING REWARDS
• 6 COINS PER BLOCK MASTERNODE REWARDS
• 10 COIN PER BLOCK FOR THE TREASURY

• 10 COINS PER BLOCK

• 8640 COINS PER DAY theoretical maximum

TREASURY COINS ARE ONLY CREATED WHEN THE COMMUNITY AGREES ON THE SUBMITTED PROPOSALS

Treasury  / superblock

In addition to the masternodes and staking rewards there is a so called treasury that is used to cover the costs to  keep the PIVX network alive, like server costs, developer funding,  marketing activity, listing fees and other expenses that come along with a project like that.

Theoretically 10 additional PIV can be created with each block and the sum of these coins are the treasury. Indeed not all these theoretically possible treasury coins are really created as it is required to make specific proposals that support the PIVX network that must be confirmed by the biggest stakers, the masternode owners.

Every masternode owner has the option to vote for and against proposals which makes PIVX a DAO, a Decentralized Autonomous Organisation. If the suggestions are confirmed by the masternode owners, every 30 days in the so called superblocks all these treasury coins are created and distributed to those who had submitted a successful proposal. The max number hat can be created in each superblock is now 432000 PIVX

The reward structure was changed!

In January 2023 the rewards have doubled which means that the stakers will then receive 4 PIV and the masternode owners 6 PIV per Block, and the treasury amount per block can be 10PIV.

For PIVX there is no halving!  The coin generation stays exactly the same  unless the community decides sth different.

See the distribution scheme below - it shows the max output, but it is unlikely that for every cycle all the treasury PIVX are being created

This means that the max amount of coins that can be created in one year will be 10512000.  But most likely not the max amount will be created.

7 Deflationary Effect - Fee Burning:

Additonally to all these awesome specifications PIVX already has the transaction fees are burned, means removed from the total supply  That means that the more transactions are processed in the PIVX network the higher burned PIVX amount will be, making your coins increase in value with every transaction that is being processed

8. EASY TO STORE:

You can save it easily - on your own wallet, without a bank - without the help of others. Just you!

Start right now and create your own wallet on mypivxwallet.org. It's a browser wallet that stores your private key in your browser.  But when you clean your browsercache or lose you device you should have  a privatekey of your wallet. Make sure to save it in a secure place. Best option would be to create a new wallet and memorize the seed so you can access your PIVX everywhere you go while paralelly earning staking rewards.

9. Longterm passive income - probably one of the most attractive things of PIVX

Beside the technical facts PIVX is an option to generate you a longterm passive income. If you can get enough coins to run a masternode you are one of the few that will ever have the chance to get one.

With the current supply of  ~ 74,7   ( 70,5  million PIV November 2022)  the theoretical maximum of masternodes is 7470 right now  as 10000 PIV are required as collateral to set up the Masternode.

But even if you don'T have enough coins  to run a masternode you can earn PIV by coldstaking which is free of charge. You can see the actual rates here.

COLD STAKING RATES

MASTERNODES RATES

These rates vary depending on the number of masternodes and the amount hat is being staked by PIVX users.

As you can see in the table above the daily outputs are the same but the number of masternods can be different.

EXAMPLE:

When there are 8640 new coins per day and they are distributed among 1000 Masternodes each masternode gets 8,64 PIV per day

But when there are distributed among 2000  masternodes each masternode gets  4.32 PIV per day.

In the first example each masternode  makes a return of 8,64* 365 = 3153,6  PIV per year which is a rate of  31,536 % per year , in the second example it's the half return.

PIVX is the perfect hodling coin as you will be rewarded for doing so.

10. Possibility to make gains when prices are rising

All these facts make PIVX very interesting for investors that recognize the specifications fast enough, they are able to buy PIVX at lower prices and hold them to get the staking rewards, and profit from price gains in the future. PIVX is a coin to accumulate and stake and then profit from the staking rewards or to spend privately

RISKS:

A risk is  when you make mistakes.

Carry out all transactions carefully.

Don't give away your private keys  and store them safely.

Another risk that  the USD price of the PIVX coin decreases after you bought PIVX.

11.   CHANGE YOUR PIVX TO BITCOIN VERY FAST WITH several decentralized exchanges like flyp.me or changenow within short time without any KYC

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HOW TO GET PIVX:

• Buy PIVX on centralized exchanges like binance or graviex
• buy PIVX on decentralized exchanges like flyp.me (recommended)

• earn PIVX from sites like crinf.net and faucetcrypto

• get them as rewards for staking

• accept PIVX for your work

NO FINANCIAL ADVICE!  DO YOUR OWN RESEARCH!

 ACCEPT CRYPTO

TIP: the best way to get PIVX and other cryptos anonymously is to accept it. Accept PIVX and ask those who pay you to pay you in PIVX.

Your duty:  Use PIVX and inspire others to use PIVX and cryptocurrencies also. Show them this article, send them PIVX, tell them about PIVX. PIVX is finacial freedom!

YOU CAN'T  HAVE BOTH, WHAT DO YOU PREFER?

12 Bitcoin versus PIVX

Bitcoin is without any question the number one currency these days and there are no signs that this will change in the near future.

But is Bitcoin really a payment gateway these days ? Yes it is but it already coming to several limits concering the transaction troughput.  When the transactions increase in numbers what will  probably happen in the near future, the Bitcoin transaction fees will rise again and a lot of transaction will be stuck in the mempool for a certain while.

So there is definitely a need for alternative payment currencies, as the BTC lightning network isn't widely adopted yet.  So when it comes to altcoins PIVX is a currency that has included nearly every cool feature what other currencies don't have.  Additionally  there is this awesome mobile wallet that you can use worldwide.

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13 CRITICISM

Although PIVX has the essential features that a currency should have , there are voices that say that every POS coin is a scam because POS systems tend to become centralized.  The one with the most coins staked will  received the biggest amounts of new coins and becomes more and more poreful what in the end might lead to the point where this whale is able to control the network. This is somehow true so in the best case the coins are distruited among many users at an early stage so this effect is reduced.

Others say that there are too few developers in the project so here is a concentration of power here also.  SO if you are developer with the necessary skills, join the pivx discord and let the team know you can join.  You will have to proof your skills and then can soon start coding.  If you are good at what you do  you can be paid from the treasury.