Privacy (PRV) is the native coin of the Incognito Network.
It’s a utility coin upon which the entire privacy network is founded. It rewards validators, is staked by validators, is used for transaction fees, funds network and builder development, and much more.
If you’re using your crypto anonymously with Incognito, you’ll need some PRV. Here are the five ways you can get some:
You’ll need the Incognito app. Get it here:
1. Buy PRV on the pDEX
The Incognito pDEX is the first completely anonymous decentralized exchange.
You can purchase PRV with over 90 top cryptocurrencies, including BTC, ETH, BNB, DAI, USDC, and so many more.
2. Run a Node to mine PRV
Validators on the Incognito network earn block rewards in PRV. There are two ways to run a Node:
The easiest way to power the network and earn is through the plug & play physical node device. If you don’t have the 1750 PRV required to stake a node and secure your place as a validator, the physical Node can use Funded Staking, where you stake Incognito funds to earn 35% of the block rewards until you stake your own PRV.
Just plug it in to start earning.
If you’ve got a DIY mentality and are comfortable working with a couple of lines of code, you can run an Incognito Virtual Node on your computer, or on a cloud instance (VPS).
For this option, you’ll need 1750 PRV to stake yourself. That PRV may be locked, but it’s always yours, and can be unstaked any time.
3. Earn PRV with Provide
Provide is a feature in the app that allows you to provide single-sided liquidity with no risk of loss.
Simply provide your PRV, BTC, XMR, ETH, DAI, USDT, or USDT, and earn up to 28% APY! All rewards are paid in PRV.
You own your funds all the while, and can withdraw at any time (processing withdrawals can take up to 3 days, but typically takes just a few minutes).
4. Earn PRV with the Builder Rewards Program
We’re constantly rolling out new products and features to help you protect your privacy. If you’re a builder, you can join us!
Be your own boss and build what you want to build. Every month, a pool of rewards are split between the participating builders, based on community voting. If you need inspiration on what to build, we’ve even got a wishlist!
5. Become a custodian (Coming Soon)
Incognito is decentralizing crypto custodianship, which means that in the near future, you’ll be able to be a Portal custodian. You can hold/release crypto as part of the shielding process by putting up your crypto as collateral. In return, you’ll earn fees.
When this function is live, you can check back here for more details. In the meantime, read up on trustless custodianship.
For more on shielding and custodianship: