Big Brother Beware: How The Privateum Initiative Is Restoring Your Legal Right To Financial Privacy (And Profit) In The Modern Era

Privateum Cover

Privateum is the first and only legally protected private asset management token. The Privateum Initiative’s legal solution-based community platform enables and protects private asset management and secure crypto processing for their users. This game-changing app provides full legal protection over privacy as it relates to any crypto and non-crypto assets, transactions, and the goods and services available within the Privateum wallet.

By Marcus Henry
June 21st 2021

The start of the 21st century gave rise to a new kind of war; one that has left a deep tear in the fabric of our free and democratic society. Large advances in technology have enabled a new level of industrial and governmental spying on individuals. Laws were established to justify the need to create a greater sense of security in what appears to be a more dangerous and unpredictable world. This, in turn, has created a fundamental threat to our personal liberties. This new war is on personal freedom, and our right to privacy is at stake.

The PATRIOT Act was rushed into effect on October 26th 2001 during a vulnerable moment for the United States. This arguably unconstitutional legislation’s goal was to dramatically tighten US national security. It ultimately resulted in the socially engineered normalization of the erosion of personal and financial privacy; a cornerstone to our legal order. The controversial bill famously ushered in sweeping changes such as warrantless and expansive domestic spying programs on US citizens, which have only recently expired in recent years. 

Still in effect today, however, are the anti-money laundering laws, designed to prevent criminal activities. Though they remain a power toolset for governments, these laws can infringe upon personal liberties surrounding financial privacy, which is necessary to enable a healthy democracy and personal sovereignty. But with the ingenious creation of cryptocurrency and it’s underlying blockchain technology, a revolutionary opportunity for enhancing personal financial privacy has presented itself. And as we approach the 20-year-mark since the Patriot Act was enacted, a new blockchain-based financial privacy tool is entering the legal arena to advance the fight for the human right to financial privacy.

Privateum Logo
Privateum (PVM) logo (above)

Privateum is the first and only legally protected private asset management token. The Privateum Initiative’s legal solution-based community platform enables and protects private asset management and secure crypto processing for their users.

This game-changing app provides full legal protection over privacy as it relates to any crypto and non-crypto assets, transactions, and the goods and services available within the Privateum wallet. Think of it as a fast, private and secure crypto wallet app with it’s own native token, PVM. The Co-Founder and CEO of Privateum, Alex Shtern recently summarized the key problem around financial privacy that they aim to solve for:

According to the comprehensive Privateum whitepaper,

“This community-operated crypto solution is driven by the mission to identify and pursue protection of their users’ financial liberties on a sustainable basis, both, internally and externally through lawful policy change requests to appropriate regulating and governmental bodies.” 

In other words, Privateum wants to learn from and work closely with local governments and legal and regulatory groups; directly aligning with policy makers and influencers. The ultimate goal is to work with these governing entities to formulate meaningful changes to local laws to create an atmosphere conducive for a healthy level of financial privacy for the individual, while mitigating the risk of enabling bad actors in the process.

Unlike many newer cryptocurrencies in this space, Privateum holds a meaningful ambition. It is not just another pointless pump coin designed for “moon” gains like we’ve seen so much of in 2021. Instead, their primary focus is to create a long-term and sustainable approach to benefit the greater good of their overall community. This will be done via the reinvestment of internally-generated profits and purchasing power into the Privateum Initiative. This will build the necessary alignment with their community towards creating the policy required for actioning on bigger-picture roadmap objectives.

“We consider organizational capacity building is a commitment to continuous improvement, typically over a multi-year basis, to build an effective organization capable of delivering on its mission now and in the future.

The Privateum Token (PVM) aims to be a quasi-stable security/utility token. Initially, the Privateum token will be exchanged to publicly available fiat and cryptocurrencies, goods and other liquidity which is added to the internal Trust/Foundation balances. Primary external assets of interest for Privateum include real estate investments, commodity mining/trading, secure financial derivatives and intra-community financial services (loans).

Following annual audits, a portion of the profit generated will be dispersed proportionally across all Privateum Initiative wallets. Internal transactions within the Privateum Wallet app will assume a commission fee in Privateum Token, and incentivize currency and/or intra-balance transfers in Privateum Token via lower fees and transaction priority versus other currencies. Part of this transaction fee will cover the operating expenses of running Nodes, and providing a nominal payment to the Internal Trust/Foundation as the Super Node.

By becoming a Privateum community member, users are granted shares from their Union of Cooperative profit in proportion to the total number of shares. Joint residual/sleeping assets are directed by the Trust/Foundation structure to support internal programs and ensure interest earnings for the benefit of participating members. Along with time and accumulating internal transactions, Privateum Token disbursement will lead to compounded internal Trust/Foundation capital and assets gains in fiat and crypto profits. Additionally, internal Trust/Foundation capital and assets in external currencies management or reinvestment can be achieved through banking and fin-tech entities with paid membership for the Privateum Initiative. 

There is a capped total of 80 million PVM tokens. 5.6 million PVM will be distributed at the presale stage. Private sale completed in May of 2021, where 30% of the total 5.6 million PVM at a price of 0.2$ were sold out entirely. Pre-sale will consist of the remaining 70% of the total 5.6 million PVM at a price of 0.35$. Main sale stage (ICO, IEO, IEL) distributes another 40 million PVM via public allocation. 10.4 million PVM will be reserved for post-sale activities and to increase asset coverage through mergers and acquisitions. The Privateum Team and Foundation are entitled to 12 million PVM each.Privateum is listed on CoinMarketCap, CoinGecko, and PancakeSwap. To learn more about this up and coming legal and privacy-focused solution, visit their site, and read their whitepaper or litepaper. You can also find out more about them on Twitter @privateum, Telegram, Reddit, and Medium.  What do you think about Privateum? Be sure to let me know on Twitter @marcushenryhodl.

Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.

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Published by Marcus Henry

Marcus Henry is an American Journalist with over 12 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL