Another successful AMA was done by PrivacySwap last night (October 26th, 2021). With over 400 participants, here are the points we covered on this week’s AMA Countdown to the great migration: Price pegging.
As usual, we laid down what you should expect from the great migration. Following our price pegging last night, here are the following stopovers on our itinerary. On October 31st, we will close our old farms. The first wave of swapping for (pre) PRVG and (pre) PRV2 will take place between November 1st and November 5th. On November 6th and 7th, we will also have a 48-hour pre-sale of (pre) tokens. The second switching phase (from (pre) PRVG and (pre) PRV2 to the actual tokens) will take place from November 8th to 9th. Furthermore, our new farms will go live and the PrivacyCard will enter its official beta phase on November 11th.
Price pegging
With all factors considered, we decided to peg the price of the new tokens at $8. At the moment of pegging, PRV’s price was $7.7. Thus, giving current PRV hodlers some extra cents per PRV.
Moreover, the swapping was then again explained in the AMA, and the other presale information is visible below:
Presale: what to look out for
On the presale, everyone can:
- Participate in NFTs presale to stake and boost your farms/pools earning rewards;
- Start earning higher referral rewards by getting 2000 USD worth of PRVG (bundled with PRV2!) early and at a cheaper cost, and;
- Can get PRV2 and PRVG tokens at a 2-for-1 value
There will only be 500 NFTS minted per tier (silver, gold, and diamond). NFTs price will be 0.25 BNB, 0. 50 BNB and 1 BNB, respectively. In addition, staking into NFT guarantees additional APR. Staking into silver-tiered NFTs, 10% additional APR will be given. On the other hand, staking on into gold-tiered NFTs will provide you with 20% additional APR and 50% for diamond-tiered NFTS.
ICYMI: 4 Great reasons why you should invest in PrivacySwap now
Moreover, the referral rewards remain the same. For normal holders, anyone who refers someone to stake in the platform will receive a referral payment equal to 1% of the referred person’s harvest. To spice things up, everyone who invests $2000 in PRVG will be eligible for a referral incentive of up to 8% for the first tier, 3% for the second tier, and 1% for the third tier.
We also removed the transfer tax. Now, we only have 8% sales taxes (literally means tax from selling).
Sales tax will go to a single BUSD pool. 5% will go to PRVG holders, 1.5% to marketing, and 1.5% to the platform’s development.
Moving to the collaborations, we also laid down on our webinar the updates on our marketing. Which are the partnerships with various crypto influencers. PRs are also up and coming. Nevertheless, we continuously seek ways to expand the platform network by building connections with other platforms and projects.
Related article: PrivacyCard, PRVG, PRV2, and More for Release as Part of PrivacySwap’s Great Migration
Questions from the community
After laying down the updates regarding the great migration, we also answered questions we gathered from the community last week, and here are some of the most notable ones.
Q: “For PRV card, I see it says name/surname on it. Must we identify ourselves for a KYC? Can I put whatever name I want? In setting up the card, do we need to work with a bank?”
A: “ Yes. This (PrivacyCard) is a real card. you need to be KYCed [verified]…”
Q: Will PRVG have liquidity added to it? Or is it just a governance token required for the card?
A: “Yes, both PRV2 and PRVG have liquidity, and both will have BNB and BUSD liquidity. So, don’t worry about that. It will be fully tradable… PRVG allows you to participate in the direction of the project. At the same time, you will be considered a shareholder of the project. Remember the BUSD pool? You will earn a share of it. Again you need to stake PRVG to earn higher referral rewards. There are a lot of uses and cases why you should stake PRV… “
Moreover, PrivacySwap also warned PRVArmies to be very vigilant with possible scams.
“Remember that our admins will never message you first”- PrivacySwap
Lastly, we ended the webinar by answering questions on the event itself, and you can listen to it here.
Conclusion
The AMA ended with 400 participants, 360+ viewers from YouTube and Facebook, and over 40 questions answered. We are willing to do more webinars like this in the future so make sure you follow us on our social media and official web pages below.
