what's PRXVT?
PRXVT is a crypto project developing a privacy-focused ecosystem for payments and metadata, centered around px402—a zero-knowledge privacy layer built atop x402, the HTTP 402 payment protocol introduced by Coinbase and Cloudflare. This enables standard web micropayments for API calls, content access, and more, while adding privacy features to obscure sender details in transactions between agents. The project features the $PRXVT token, launched on Virtuals Protocol, with mechanisms like supply burns and staking to support long-term utility. PRXVT positions itself as a comprehensive stack for private, agent-native financial interactions in Web3.
PRXVTai deployed vulnerable staking contract; earlier incident caused user liquidations.
Staking contract was deployed with known vulnerabilities that had been reported to the team prior to deployment but were not addressed.
Experienced an incident requiring swift action that resulted in user liquidations, with affected users set to be made whole.
Featured in x402 V2 launch announcement as core infrastructure team and privacy-first infrastructure pioneer, positioned among builders advancing the x402 standard.
SDK surpasses 285 downloads in under one week following the introduction of privacy-preserving x402 payments, marking the beginning of the $PRXVT era.
Launches px402, a privacy-preserving upgrade to x402 that converts transparent onchain micropayments into anonymous digital cash using ZK proofs, private pools, and burner wallets.
Smart Money traders accumulated +$15.5K in the token over the past 7 days on Base chain.
Community Boost program now live with deposits earning variable APY at 11.47%.
PRXVT lists on Wasabi platform with 3x leverage trading and yield earning opportunities from onchain activity.