According to the latest official news, Privasea, which is being eagerly invested in by various institutions and platforms, will launch on Binance Wallet. Subscriptions will open from 6 PM to 8 PM on May 14, 2025.
1. Introduction to Privasea
Privasea is an AI + DePIN project focused on building decentralized privacy computing infrastructure. The company's mission is to provide efficient, user-friendly Fully Homomorphic Encryption (FHE) solutions tailored for web2 and web3 environments, focusing on machine learning (ML) applications.
The Privasea AI network is a powerful system designed to prioritize data privacy and security throughout the AI computation process. It utilizes an innovative technology called Fully Homomorphic Encryption (FHE), which allows computation on encrypted data, producing the same results as computations on unencrypted data. It facilitates the flow of data value through FHEML. The network provides distributed computing resources for FHE AI operations. The entire system is supported by ZAMA's specific ML and the incentives of the $PRVA token.
2. Privasea Token Economics
The total supply of the Privasea token PRAI is 1 billion, primarily used to pay for confidential AI service fees and also covers transaction gas fees, supporting staking and governance, etc. The official token distribution details show that early contributors receive 9.04% of the total supply, investors receive 13.45%, the treasury receives 10.05%, and the team receives 8%.
At the token TGE, the initial circulating supply will account for 20.6% of the total token supply, with liquidity being 40 million tokens, 20 million tokens from Binance IDO, and 120,916,750 tokens for community airdrops and marketing, of which the airdrop quantity is 108 million tokens, and reserves amount to 25,118,750 tokens.
3. What are the advantages of Privasea?
Firstly, Privasea offers a unique data insight sharing feature that allows insights to be shared instead of raw data, enhancing privacy and collaboration potential. Secondly, Privasea views computation as a form of liquidity, integrating distributed computing resources for AI operations. Furthermore, Privasea adopts decentralized AI, making the system more robust and ensuring higher security and efficiency. Finally, DePin aligns the practices of infrastructure building with those of Privasea, employing a community-driven collaborative model.
4. Privasea Funding Information
In March 2024, Privasea announced the completion of a $5 million seed round led by Binance Labs, with participation from OKX Ventures. This funding is used to support the early development of the DeepSea network and the machine learning infrastructure based on Fully Homomorphic Encryption (FHE), establishing Privasea's position in the DePIN (Decentralized Physical Infrastructure Network) and AI fields.
In April and September 2024, Privasea completed strategic and Pre-A rounds of financing, but specific amounts were not disclosed.
On January 10, 2025, Privasea completed Series A funding, raising an additional $10 million, bringing the total funding amount to $15 million. This round of funding is jointly supported by GSR, Amber Group, and Echo.
Currently, Privasea's project valuation has reached $180 million through project financing and its own technological advantages. The project has received investments from major exchanges such as Binance, OKX, and Gote, and it is expected that these three exchanges will successively list trading in the near future, which is a positive sign for the project's development.
5. What are the functions of Privasea tokens?
Transaction Payments: $PRVA is used to pay for service fees within the DeepSea network, such as FHEML (Fully Homomorphic Encryption Machine Learning) task processing, etc.
Staking and Security: Users can stake $PRVA to ensure network security and earn staking rewards.
Governance Rights: Token holders can vote on ecosystem proposals and participate in network governance.
Exclusive Access: Token holders enjoy priority access to features, including airdrop rewards and integration privileges (e.g., TON blockchain).
6. Conclusion
By addressing efficiency issues and focusing on improving existing algorithms, Privasea paves the way for the widespread adoption of FHE, ensuring that data security and privacy can coexist in this data-driven world. Their solutions allow users to leverage various distributed computing resources provided by blockchain while maintaining full control over data and models during AI processing. Today's world is becoming increasingly complex, with web3 and AI becoming more closely intertwined.
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