A cryptocurrency privacy token that supports the WraithSecure Wallet launches its test net on Monday, September 20, to great acclaim from its fans.
The first-of-its-kind Crypto Privacy Token WRAITH, supporting the WraithSecure Wallet, launches its test net Monday, September 20, to the great adoration of its fans of the Official $WRAITH Community Chat in Telegram. Utilizing built-in VPNs and mixing protocols, WraithSecure ensures that all outgoing transfers are anonymous, and the protocol obscures online identities and addresses as well as transfer information. Human evolution across time has required the separation of certain institutions from the state's primary power and those who will control the people for them to function optimally in serving human society. WraithSecure is at the forefront of that evolution, creating a safe zone in the cryptosphere to keep the people's personal information private from prying eyes. See the WraithSecure Website here https://wraithprotocol.io
One of the Developers of the Protocol explained the technology this way "WraithSecure is a wallet that will interact with a range of privacy pools through a Chrome Extension integrated for assets, starting with BNB on the Binance Smart Chain. Take any supported token deposited in the WraithSecure wallet and make all transfers more anonymous when filtered through privacy pools. Funds are being sent to a smart contract specifically designed to mix them with other funds in the pool. Withdraw anytime wanted. The deposits and withdrawals made are secure and private, making it impossible to trace any actions. People viewing transfers made using the service will not be able to determine transaction history." See the Video https:/youtube.com/WraithProtocol
Wraith Secure Plans Include All Major Tokens in Time
Wraith will increase the number of tokens and blockchains supported by the WraithSecure Wallet. Developers are hard at work engineering the protocol to support a wide range of altcoins and stable coins on the Binance Smart Chain over the coming months. Then Wraith will extend support to other Ethereum based networks such as Ethereum Main net. Then the Polygon Network (MATIC), the Tron Network (TRON), and the Neo Network (NEO/GAS), as well as bespoke & Ethereum based chains such as the OKExChain (OKB/OKT). Lastly it will include BTC.
Wraith developers will continue to enhance the privacy and security of the product through encryption, decentralized networks, and secure messaging. Access controls such as 2FA will provide a ubiquitous one-stop solution for Defi and privacy and security-aware users for all financial needs. Wraith uses zk-SNARKs to overcome the privacy issue. Like Vitalik Buterin said on Twitter, developers of WraithSecure believe zk-SNARKs will play a vital role in a private and decentralized future. By using a zk-SNARK, one can prove they possess certain information without revealing it. Most Wraith users won't even know they're using zk-SNARKs. The future of privacy on the blockchain is the WraithSecure Wallet The first-ever Chrome extension that allows the user an untraceable identity. Buy the WRAITH token here https://poocoin.app/swap
WRAITH is Also a Deflationary Token.
Wraith is a deflationary-based utility token. With each transaction, the total supply diminishes. Every transaction, be it a buy, sell or transfer from wallet to wallet, will have a 12% tax imposed on it.
Burn Feature: 1% of every transaction is sent to the globally known dead address, removing it from circulation forever. This overtime will increase the value of the remaining tokens.
A marketing fee 3% of every transaction is sent to Wraith's Multi-Sig wallet for marketing. By doing so ensures the longevity and stability of the project by providing a constant budget for future marketing.
Auto-Liquidity Compiling: 5% of every transaction is taken and automatically compiled into the liquidity pool - ensuring a stable price floor and supporting a stable price. This is accomplished by splitting the 5% into two halves. One half of the tax will be swapped into BNB, the other half will be paired with that BNB and liquified into the exchange.
Team Fee: A 2% tax is imposed on each transaction and will be sent to the marketing team.
WraithSecure Liquidity Pool: 1% of every transaction will be sent to the Wraith Vault. This wallet is a multi-signature wallet and is responsible for the allocation of Wraith Secure's LP.
The Importance of WraithSecure Privacy for Financial Transactions Online
Using Decentralized financial tools such as cryptocurrency and wallets make it easy, convenient, and cheaper than banks for consumers to manage their financial lives. As blockchain and crypto technology evolves, it will include sending money to paying bills and shopping online for much of the world. And that's become critically important as the Covid-19 pandemic changes the way people do business in the world.
The transfer of personal financial information through digital networks raises the important question: How much personal data online is protected and private? A 2020 study published by a global audit firm KPMG stated, "87% of consumers say data privacy is a basic human right. Yet 68% say they don't trust companies and governments observing their personal business and data."
As blockchain decentralized financial networks have evolved, it has become blatantly clear that the world can see what is going on with financial transactions online. The world's people have recognized the need to separate the state and other prying eyes from personal affairs. The state, which has taken the power of taxing people, should not be the one that has the ability to issue and control commerce or view the personal affairs of its citizens or anyone else for that matter.
In retrospect, giving governments the power to create independent central banks was stupid because the government is the villain the people want to keep the people's money away from. Governments are the predator, and the predator does not protect the prey. There cannot be a player and a referee at the same time. The proof of the failure of central banking is in the levels of debt, especially government debt, and governments have run perennial budget deficits globally. Decentralized banking and the WraithSecure privacy wallet and token is now at the forefront of the blockchain revolution. Hold on, folks. Holdt onto your hat`s folks, A wild ride is ahead!
Authored by: Robert Stone
@shake_the_web on Twitter
