The official token of Pedro Barros’ world

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Dernière mise à jour:
9.10.2022

Pedro Barros' fashion and lifestyle brand is proud to introduce its official token, the $PRIVE token. Its primary objective is to build a community of creatives and skateboarders around the world, who can connect in culturally relevant spaces.

Do you want to engage more deeply with Pedro Barros? The $PRIVE token is your ticket to participate in their journey and access others seeking the same. Get ready to be a founding member of a new kind of community. This whitepaper outlines how token holders can take part in the Pedro Barros world.

1. The $PRIVE token

A. About Pedro Barros

Pedro Barros has been competing in the skate park world since the age of ten, winning his first World title at fourteen. He holds eight world titles, along with another ten X Games medals. 

Currently, Pedro is preparing for the 2024 Paris Olympics, with every intention of bringing home a gold medal! The drive doesn’t stop there, Pedro is also the founder of Privê, a lifestyle brand with a mission to give back to the community.

The $PRIVE token will allow access to exclusive products, services and IRL events for token holders in the Pedro Barros community.

B. What is the $PRIVE token?

$PRIVE is an ERC20 token issued on the Ethereum blockchain, and the official Web3 token of Pedro Barros.

The $PRIVE token is your key to all things Pedro: the man himself, his network, and his brand. $PRIVE  invites you to join a community where skateboarding, fashion and music intersect - whether it be at exclusive events and parties, skate parks or reflected in merchandise and NFT collections.

C. P00LS x $PRIVE

Traditional spheres of influence — from Hollywood to Wall Street and Silicon Valley — are converging more now than ever before, forming a new marketplace with creators and their audiences at the center.

Enter cryptocurrencies: a new way for creators to engage directly with their fans through access to real life and metaverse experiences, products and activities.

P00LS partners with creators to create and distribute their cryptocurrency tokens, leveraging its best-in-class, gamified system to engage the Pedro Barros community and incentivize them to earn $PRIVE. On the P00LS launchpad, users can earn creator tokens. The $PRIVE token will be developed by Pedro Barros.

$PRIVE tokens can also be bought and sold on the zerozero decentralized exchange. The zerozero DEX is a decentralized protocol, built for and governed by holders of $00, the governance token for the zerozero ecosystem.

Through the P00LS launchpad, fans,followers and members of the Pedro Barros community can earn free $PRIVE tokens by, for example:

  • Sharing information about Pedro Barros’ projects, content and the $PRIVE token on social media
  • Learning more about Pedro Barros’ vision
  • Inviting others to earn $PRIVE

For a few months, the token will only be available for people to earn it for free through the P00LS launchpad. Members of the community will have the opportunity to show their engagement and be rewarded for it. This period is called the genesis launch. Once the genesis launch period ends, $PRIVE will be available on the zerozero DEX in early 2023 and may also be available for purchase and sale through other venues.

2. Earn and use $PRIVE

Pedro's worldwide community will be able to earn $PRIVE tokens by completing actions on the P00LS launchpad and scanning QR codes during Pedro's digital and IRL events. Through token ownership, you can become a member of the 'Privê club', which connects a network of artists, musicians and skateboarders. $PRIVE holders will gain access to VIP guest lists, private Discord channels, discounts on future merch collections, NFT drops, exclusive content and opportunities to spend time with Pedro himself. 

More details will be revealed on Pedro Barros’ socials in the coming months.  

3. $PRIVE Distribution

A. Distribution

$PRIVE is an ERC-20 token on the Ethereum Blockchain to allow for composability with the broader Ethereum ecosystem. The total supply of the $PRIVE token is 100,000,000 and is set to be completely distributed over a 5 year period.

The rate at which $PRIVE is distributed will decrease over the next 5 years to incentivize and reward early $PRIVE token holders.

B. Allocation

The $PRIVE token will be distributed to Pedro Barros as a creator, Pedro Barros' community members such as fans and followers, key partners in Pedro Barros' ecosystem and those engaging with Pedro Barros in DeFi.

The allocation structure of the $PRIVE token is as follows:

Creator

The Pedro Barros will receive 10% of the total supply of the creator token $PRIVE. This allocation of tokens will be vested linearly within a 4 year schedule from issuance. 

Creator Ecosystem

The ecosystem surrounding the creator including key partners and companies will receive an allocation of tokens in order to integrate the token into their services and build its utility.

Airdrop to Community

Fans can earn $PRIVE tokens on p00ls.io by completing certain actions on the P00LS launchpad. Incentive mechanisms to earn tokens will change over time and new token drops will be announced on the P00LS launchpad. Other earning mechanisms will be introduced in the future.

Community Treasury

$PRIVE token holders will have access to a treasury of $PRIVE coins that can be used for the benefit of Pedro Barros' Web3 community. $PRIVE holders will be able to vote with their token on how this treasury is put to use. This treasury will be used to incentivize community growth and positive behaviors within the $PRIVE community.

Liquidity

$PRIVE token will be used to create the marketplace for $PRIVE.

C. Timeline

1. Genesis Drop

A genesis drop for $PRIVE will happen in October 2022 at https://launchpad.P00LS.io/.

At this stage, anyone will be able to earn $PRIVE tokens for free by answering questions and learning things about Pedro Barros and among other actions. These tokens will be held in the launchpad by P00LS for earners until token minting.

2. Token Minting: Fall 2022

$PRIVE will be minted a few months after the first drops, and those who have earned $PRIVE will be able to claim their tokens directly from P00LS through an airdrop mechanism. Once minted, the tokens will grant access to exclusivity to the $PRIVE ecosystem in Web3.

3. Marketplace Launch: October 2022

The $PRIVE token will be added to the zerozero DEX October 2022. Holders of $00 will create a liquidity pool through an auction mechanism with $PRIVE. A portion of $PRIVE supply will be given to auction participants in exchange for an amount of $00, which will be used to create the initial $PRIVE/00 liquidity pool on the zerozero DEX.

4. Post-Marketplace Launch

After launching $PRIVE on the zerozero marketplace, it will become Pedro Barros’ official social token. Major holders of $PRIVE will have the greatest access to Pedro Barros content, perks, events and more.

Launchpad drops and new incentives will take place frequently on the P00LS launchpad and tokens will be up for grabs for anyone. Pedro Barros’ Community Treasury allocation will be made accessible to the $PRIVE DAO as its vesting period ensues.