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What Is PRVT data?
PRVT is an incentivized network and eco-system designed to establish privacy-focused decentralized mixnets on the Binance Smartchain.
PRVT serves as the official token of the PRVT mixnet and is classified as a utility token. Its primary function is to provide access to the mixnet for users who want to enjoy increased privacy for their data. It also serves as a reward for nodes that run the infrastructure and offer privacy services. Users can utilize PRVT tokens to access the mixnet and send their data through it, while mix nodes receive PRVT tokens as rewards for mixing traffic and delivering privacy services. All fees collected in PRVT go to a reward pool that is distributed to mix nodes based on their reputation and performance. Mix nodes are ranked based on their reputation, which is measured in PRVT, and users can delegate PRVT to mix nodes as an endorsement of their reputation. This delegation of PRVT promotes decentralization and encourages high-quality services.
