Overall structure of the Privateum Initiative assumes a form of joint consortia of
community and organizations worldwide, uniting their purchasing powers to
achieve better positioning in public markets via better assets acquisition and
management. We consider the cryptocurrency part of the solutions, highly relying
on the offline processes and everyday life.
As such, the Privateum internal Token is supposed to be quasi-stable dispensable
both security and utility token with several key functions.
The three hierarchical levels for mentioned token turnover are:
1. the wallets (users or organizations),
2. the nodes (preapproved organizations, institutions),
3. the SuperNode, initially to be the Trust/Foundation of the Privateum
Initiative.
Initially, the Privateum token is exchanged to publicly available fiat and crypto
currencies, goods and other liquidity. So, at the beginning, all the external assets
are gained in the internal Trust/Foundation balances.
Each internal transaction assumes a commission fee in Privateum Token. Internal
transactions in any currency/intra-balance transfers should be cheaper in Privateum
Token, than in other currencies. Part of this transaction fees is required to cover
expenses of Nodes running. Each such a fee assumes tiny share of payment to
Internal Trust/Foundation as a Super Node support fee.
Internal exchange should be as much automated, as possible, giving priority to
transactions in Privateum Token.
Privateum Litepaper
Read more → The Privateum Structure