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Pivx

PIVX

PIVX

PIVX

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₹30.79

LIVE

24H Low ₹30.65

24H High ₹32.11

Price of PIVX today

The current live price of PIVX today is ₹30.79, with a 24-hour trading volume of ₹83,90,72,772.05. Our PIVX to INR price is updated in real-time. PIVX has seen a decrease of -1.82% in the last 24 hours. With a live market cap of ₹2,76,95,61,568.61 , the circulating supply is at 88,735,028 PIVX coins, with a maximum supply of 88,735,028PIVX coins.

PIVX Price History

Date ComparisonAmount Change% Change
Today-₹0.63

1.99%

7 Days-₹0.72

2.28%

30 Days₹11.45

59.2%

1 Year₹0.20

0.65%

PIVX Price Information

Price Change (1hr)

1.27%

Price Change (24hr)

1.99%

Price Change (7d)

2.28%

PIVX Market Stats

Market Cap

₹2,76,95,61,568.61

Fully Diluted Market Cap

₹2,76,95,61,568.61

24hr Volume

₹83,90,72,772.05

84.6%

Circulating Supply

88735027.77 PIVX

Total Supply

88735027.77 PIVX

Things to know about PIVX

What is PIVX (PIVX)?

PIVX, which stands for Private Instant Verified Transaction, is a privacy-focused, decentralized, and open-source cryptocurrency that operates on a Proof of Stake (PoS) blockchain. It emphasizes advanced user data protection features through its SHIELD protocol, which is based on zk-SNARKs technology, allowing for optional privacy in transactions. PIVX also incorporates community governance mechanisms, enabling token holders to participate in decision-making processes. The project aims to provide users with financial freedom and control over digital assets.

Tokenomics

  • Total Supply:

  • PIVX has a circulating supply of approximately 80.65 million tokens, with the same amount representing the total supply.

  • Initial Allocation:

  • PIVX was launched in 2016 with no pre-mine, which means it had a fair launch without an initial allocation of tokens to the founders or early investors.

  • Purpose of the Coin:

  • PIVX is used as a means of private and instant transactions and a governance token, allowing holders to vote on proposals and participate in the ecosystem’s decision-making processes.

Market Data

As of today #{today’s date}, the price of PIVX is ₹30.79 INR or 0.3391 USD, with a 24-hour trading volume of 9240889.56 USD. The market capitalization for PIVX is 30501779.39USD. The circulating supply is 88735027.77 PIVX, with the total supply also being 88735027.77 PIVX.

Token Pros and Cons

Pros:

  • Privacy:

  • PIVX offers optional privacy features, allowing users to conduct transactions without revealing personal or financial information.

  • Community Governance:

  • Token holders can participate in governance, giving them a say in the project’s direction and decisions.

  • Proof of Stake:

  • PIVX uses a PoS consensus mechanism, which is more energy-efficient than Proof of Work and allows for staking rewards.

  • No Pre-Mine:

  • The fair-launch approach without a pre-mine ensures a more equitable distribution of tokens.

  • User-Friendly Wallet:

  • The PIVX wallet is designed to be accessible and secure, facilitating interactions within the ecosystem.

Cons:

  • Market Performance:

  • PIVX has experienced significant price declines from its all-time high, which may concern potential investors.

  • Competition:

  • PIVX faces stiff competition from other privacy-focused cryptocurrencies that may offer similar or better features.

  • Complexity of Privacy Technology:

  • The advanced privacy features may be complex for average users to understand and use effectively.

  • Regulatory Risks:

  • Privacy coins are often scrutinized by regulators, which could lead to challenges for PIVX.

  • Adoption:

  • Widespread adoption is crucial for the success of any cryptocurrency, and PIVX must continue to grow its user base.

Why Should You Invest in the Coin?

  • Strong Privacy Features:

  • PIVX’s use of zk-SNARKs provides a high level of privacy, which is increasingly valued in the digital age.

  • Active Development:

  • The project consistently delivers innovations and improvements, indicating a commitment to growth and sustainability.

  • Rewards for Staking:

  • Users can earn rewards by holding PIV in their wallets and participating in the network’s staking process.

  • Community-Driven:

  • The governance model empowers users and fosters a robust and engaged community.

  • Low Fees:

  • PIVX transactions typically incur low fees, making it practical for regular use and microtransactions.

USP of the coin

  • SHIELD Protocol:

  • PIVX’s SHIELD protocol allows for optional privacy, giving users the freedom to choose when to transact privately.

  • Self-Funded Model:

  • PIVX operates on a self-funded model, ensuring independence and long-term viability without external funding.

  • Fair-Launch Coin:

  • The absence of a pre-mine and initial coin offering (ICO) promotes a fair and equitable distribution of tokens.

Problem the coin is solving

PIVX addresses the need for financial privacy in digital transactions, providing users with the ability to protect their financial information while still benefiting from the transparency and security of blockchain technology.

Founder and team background

The founder of PIVX is not explicitly mentioned. However, PIVX was originally known as Darknet (DNET) and was founded in 2015, indicating that the project has been active for several years.

ICO Price

PIVX did not conduct an ICO and is entirely self-funded. Instead of pre-mining coins for sale, PIVX allocates up to 10% of block rewards to fund community proposals and projects, with a maximum of 21.6k PIV available monthly, distributed through a decentralized voting system involving master nodes.

Risks Associated in Investing in the Coin

  • Volatility:

  • Cryptocurrencies, including PIVX, are highly volatile, which can lead to significant price fluctuations.

  • Regulatory Uncertainty:

  • Privacy coins face potential regulatory crackdowns that could impact PIVX’s usability and value.

  • Competition:

  • The cryptocurrency market is crowded, and PIVX must differentiate itself to gain and maintain market share.

  • Adoption Rates:

  • The success of PIVX depends on its adoption by users and merchants, which is not guaranteed.

  • Technical Complexity:

  • The privacy features of PIVX may be difficult for non-technical users to understand, potentially limiting its appeal.

Summary of the Whitepaper

The PIVX Economics Whitepaper, authored by Bryan “SnappySnap” Doreian and Eric Stanek, with contributions from several community members, provides a comprehensive overview of the economic model underpinning the PIVX cryptocurrency. This document, updated in February 2023, delves into the mechanisms designed to ensure the sustainability, privacy, and decentralization of the PIVX network. Here is a detailed summary of the whitepaper:

Introduction and Background

PIVX, which stands for Private Instant Verified Transaction, was launched on January 30th, 2016. Initially known as Darknet (DNET), it was rebranded to PIVX in 2017. The project transitioned from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism to promote energy efficiency, lower economic barriers, and ensure long-term sustainability. PIVX integrates advanced features such as a Masternode network for decentralized governance and instant transactions, and it plans to include zk-SNARKs Sapling for enhanced transaction privacy.

Economic Model and Specifications

The PIVX economic model is built on a fixed emission rate per block, with a total of 10 PIV allocated as block rewards (4 PIV to Stakers and 6 PIV to Masternodes) and an additional 10 PIV allocated to the budget/treasury. This model aims to balance currency flow at the protocol level through inflationary and deflationary mechanisms, incentivizing decentralization and minimizing the need for external monetary policy. The model supports low-cost participation in staking and Masternode operation, fostering a globally decentralized governance structure.

Coin Emission and Reward Distribution

PIVX’s emission model has evolved. Initially, during its PoW phase, rewards were distributed between miners and Masternodes. After transitioning to PoS, the reward structure was adjusted to ensure a balance between staking and Masternode operation, promoting network security and governance. The document details the phased reward structure, highlighting adjustments to maintain economic balance and incentivize participation.

Masternodes and Staking

Masternodes play a crucial role in the PIVX ecosystem, providing a second layer of functionality, including governance and instant transactions. Stakers, on the other hand, secure the network by holding and staking PIV. The whitepaper explains the equilibrium between Masternode and staking profitability, ensuring that both methods of participation remain attractive and contribute to network health.

Dynamic Coin Supply and Inflation

PIVX has a dynamically calibrated coin supply, influenced by the burning of transaction fees and the creation of coins for treasury proposals. The whitepaper discusses the concept of tail-end emission and inflation, emphasizing the importance of a sustainable inflation rate that decreases over time, ensuring the long-term economic viability of the network.

Conclusion

The PIVX Economics Whitepaper reiterates the project’s commitment to providing a sustainable, decentralized, and privacy-focused cryptocurrency. The economic model is designed to support scalable infrastructure, enable private transactions globally, and avoid the pitfalls of excessive inflation seen in other cryptocurrencies.

Key Takeaways

  • PIVX prioritizes privacy, decentralization, and economic sustainability through its PoS consensus mechanism and Masternode network.

  • The economic model is designed to balance inflation and deflation, incentivizing network participation and governance.

  • PIVX’s dynamic coin supply and phased reward structure ensure long-term viability and network health.

  • The project’s evolution from PoW to PoS and adjustments to the reward distribution reflect its adaptability and commitment to community governance.

This whitepaper provides a detailed insight into the economic principles guiding PIVX, showcasing its unique approach to achieving a decentralized, privacy-preserving digital currency.

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What is the price of PIVX (PIVX)?

The current price of PIVX (PIVX) in INR is ₹30.79 INR.

What is the current PIVX market cap?

The current market capitalization of PIVX (PIVX) is ₹2,76,95,61,568.61 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of PIVX by the number of coins in circulation.

What is the current supply of PIVX (PIVX)?

The current supply of PIVX (PIVX) is 88735027.77 PIVX. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of PIVX (PIVX)?

The 24-hour trading volume of PIVX (PIVX) in INR is ₹83,90,72,772.05. This figure represents the total value of all PIVX transactions across various exchanges within the last 24 hours.

How to Buy PIVX (PIVX) in India?

To buy PIVX (PIVX) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in PIVX.

Can I buy PIVX (PIVX) with UPI?

Yes, you can buy PIVX (PIVX) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert PIVX (PIVX) to Indian Rupee (INR)?

To convert PIVX (PIVX) to Indian Rupee (INR), you can use our PIVX/INR conversion rates in real time.

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