Privi Trax is an innovative cryptocurrency that operates as a decentralized music streaming application. It is one of the pioneering dApps within the Privi Zoo, a decentralized app store forming part of the Privi Ecosystem. The main objective of Privi Trax is to empower artists and their devoted fans by offering them greater control. Unlike traditional centralized streaming services, Privi Trax enables artists to earn higher revenues and strives to combat piracy. Simultaneously, listeners have the opportunity to earn rewards while supporting their favorite artists. Essentially, Privi Trax can be likened to a combination of decentralized Spotify with DeFi capabilities. Notable features include a web and mobile music player, a music DAO, yield functionality, staking options for songs and apps, pods, and claimable music. The governance of Privi Trax as a dApp will be overseen by holders of the Privi Trax ($TRAX) token, which will be available for trading on Pancakeswap starting from August 2021, following its launch on various launchpads such as Ignition, BSCpad, and Safelaunch.
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