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Incognito

PRV

About

Incognito is a cryptonetwork to deliver incognito mode for other cryptonetworks like Bitcoin and Ethereum.

$2,777

$4,399,685

14.33%

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Stake PRV
Risk
stable
Complexity
Reward
35.18%
Minimum
1,750
Lock Up
-
Staking Ratio
-
Adj. Reward
28.69%
Avg. Fee
-

Calculate how much you can earn by staking Incognito. Results vary based on the staking amount, term, and type selected.

USD
PRV

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 PRV

Est. Yearly Earning

$0

0 PRV

FAQ's

  • What is Incognito (PRV)?
  • Incognito is a global community of privacy-minded builders seeking to protect the world from surveillance and control. 

    We build privacy-protecting, blockchain-based financial products for the future of money. All development is open-source and progress is publicly viewable.

  • How was Incognito (PRV) launched?
  • Incognito launched its mainnet in November 2019 as a privacy-protecting, high-performance cryptonetworks to deliver incognito mode for other cryptonetworks like Bitcoin and Ethereum. As of January 2020, it has 8 shards powered by over 1,000 validators and has processed over 150,000 privacy transactions – mainly in BTC, ETH, and USDT.

  • Who is the team behind Incognito (PRV)?
  • The founding team consists of a diverse group of 40+ builders. Over the past 2 years, this team assembled itself to tackle a real and pressing danger: the lack of privacy.

    Our story is a patchwork of many. Thuc, a professor of applied cryptography at the National University of Vietnam, had been researching post-quantum cryptography, privacy, and randomness for the past 30 years before finally finding the perfect application for their research. Andrey, a physicist from Ukraine, founded Vincoin Cash, a privacy-protecting cryptocurrency, and decided to join forces with the team. Ning used to run Constant, the fastest-growing crypto lending platform in South East Asia, and felt uncomfortable about exposing users’ financial history on public ledgers. Duy, a former competitive programmer at the ACM ICPC World Finals and the former CEO of Autonomous from New York City, had a problem paying 150 employees in 6 different countries, because ERC20 tokens are public. Bao was the former head of engineering at Viettel, the largest mobile network operator in Vietnam with 110M subscribers spread across Asia, Africa and the Americas, and grew frustrated with the monopolistic practices of a huge state-owned telco. Annie was the project lead at Ninja, a crypto prediction market, and experienced firsthand from her users the need for privacy.

  • How to stake PRV?
  • It’s easy to stake PRV. You can run a virtual node as long as you have a server or cloud instance, or you can buy a physical node, plug it in, and enjoy your earnings.

    In either case, you must run a node on the incognito network.

  • How much can I earn staking Incognito (PRV)?
  • The individual rewards depend on the relevant blockchain metrics:

    • Current Block Reward – 1.38666 PRV
    • Block Time ~ 40 seconds (350 blocks per epoch)
    • Daily Network Rewards (Transaction Fees) – Variable
    • What % of Circulating Supply is being staked – Variable

    Every epoch, stakers are randomly selected to be a part of the shard committee. Since there is only one amount that can be staked (1750 PRV), all nodes have an equal chance of selection. The selected staker joins the committee which validates the block (currently comprised of 32 validators). He/she then receives the block reward in PRV and the transaction fees paid in the transacted coin, split between the other stakers in the committee. This way, stakers don’t just earn PRV, but also any cryptocurrency that is used in incognito mode. 

    As more users join Incognito and more coins are transacted, the amount stakers earn will rise. The rising price of PRV and the inclusion of other coins in block rewards makes extreme earnings growth plausible. 
    In our Staking Calculator, you can play with the above-mentioned metrics to understand the dynamics and create all kinds of reward scenarios.

  • What are the requirements to stake Incognito (PRV)?
  • You need 1750 PRV to stake. 

    The minimum server requirements for virtual nodes are 4GB RAM, 4 CPUs, and 100GB SSD.

    The physical nodes come with everything you need except the internet connection, and use as little as $0.08 usd/day for electricity.

  • Is there any risk to stake Incognito (PRV)?
  • As with any cryptocurrency, price drops are an inherent risk. PRV is a coin with a strong purpose in the network, and given the importance of privacy to individuals and blockchain technology, the demand for PRV will grow as awareness of the project grows. So far, this has proven true in the price of the coin since its launch. 

    In addition, since Incognito anonymizes cryptocurrencies, encouraging private transactions using the coins, PRV enables better use of other cryptocurrencies rather than competing with them. This creates more opportunities to use existing popular coins, raising participation in both the shielded coin’s network and Incognito. With a symbiotic relationship to other chains/coins, the risk of PRV being overshadowed by another currency is significantly mitigated. 

    With some coins, the risk of your coins being slashed when staked can be worrisome. But with Incognito’s slashing mechanism, rather than losing your PRV, your node is just removed from the selection process for a number of epochs. In addition, since Incognito uses a PoS rather than a DPoS consensus method, you don’t have to worry about delegating another user and the risks involved.

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