USDB is live in the Incognito Chain app! You can now buy, sell and store USDB privately

USDB is live in the Incognito Chain app! You can now buy, sell and store USDB privately
self.FantomFoundation5d ago
1/10 Thread about: Incognito Partnership USDB is partnering with Incognito to create a privacy-protecting equivalent of USDB in the form of pUSDB. Here’s what you need to know. 2/10 Through the use of blockchain technology, crypto transactions are all recorded on public ledgers, displaying amounts involved and inscribing virtual identities. Although your identity may just be a wallet address, transactions are public, which means a real lack of privacy. 3/10 Thankfully, Incognito provides a much-needed solution. Incognito is a revolutionary solution to the privacy issue faced by most cryptocurrencies, making privacy ubiquitous, inclusive, and accessible for businesses and everyday users. 4/10 At Incognito, they believe very few people would willingly disclose their crypto financials to the entire world, and we would have to agree — which is why we are partnering with them to make sure that USDB can cater to the more privacy-minded among us. 5/10 How does it work? While there are many privacy-focused coins out there, Incognito takes a different approach, based on the premise that people don’t want a new crypto with privacy. What they really want is privacy for their existing crypto: incognito mode for any crypto. 6/10 Incognito’s Privacy Coins (pCoins) are 1:1 privacy-protecting equivalents of cryptocurrencies like BTC (pBTC), ETH (pETH), BNB (pBNB), and now USDB (pUSDB). They do not appear on public block explorers and are completely confidential. 7/10 13 major blockchains currently use Incognito bridges to interact privately, and to date, they have anonymized and swapped over $500M in currencies like BTC, ETH, BNB, and now USDB is joining the party! 8/10 Help add liquidity to Incognito The process to join our efforts and boost our liquidity on Incognito is simple and takes a matter of minutes. First you will have to shield your USDB, which you can learn how to do here: 9/10 Next, learn how to add liquidity to an Incognito pool here: 10/10 Your participation in this is appreciated by the Balance team. We are working harder than ever to deliver financial products and we can’t wait to see where we can take this project and community in the future. Read the full article here: