“Privacy is freedom, order, and progress.” — @VitalikButerin, in his latest blog The next cycle’s dark horse? Privacy tech powered by ZK, FHE, and MPC is finally ready. Here’s a curated list of the top teams building it: • Token Live → already trading • Token TBD → testnet / mainnet, no coin yet But first, a 30-sec thesis ↓ • AI and smart devices are collecting everything about us • Regulators don’t want mixers, they want controlled transparency • Privacy infra is finally fast enough to use (ZK-SNARKs, MPC, FHE) → Builders who nail UX + compliance will define the next era. 🟢 Token Live Project | Ticker | Launch Date | FDV | Moni Score @AleoHQ | $ALEO | Sep 2024 | $323M | 3896 (Med) @MinaProtocol | $MINA | Jun 2021 | $246M | 5026 (High) @SecretNetwork | $SCRT | Oct 2020 | $55M | 4878 (High) @OasisProtocol | $ROSE | Nov 2020 | $234M | 2714 (Low) @Zcash | $ZEC | Oct 2016 | $650M | 449 (Developing) @Penumbra | $UM | Oct 2024 | $25M | 3083 (Med) @Aleph__Zero | $AZERO | Jan 2022 | $32M | 2138 (Med) @Monero | $XMR | 2016 | $4B | 3714 (Med) @TornadoCash | $TORN | Feb 2021 | $71M | 4946 (High) @RAILGUN_Project | $RAIL | Sep 2021 | $79M | 4202 (High) @NillionNetwork | $NIL | Mar 2025 | $334M | 6478 🔥 @partisiampc | $MPC | Mar 2024 | $15M | 1271 (Est) @PhalaNetwork | $PHA | Sep 2020 | $98M | 2742 (Med) 🟡 Token TBD Project | Stage | Moni Score @AztecNetwork | Mainnet | 7014 🔥 @FhenixIO | Testnet | 1749 (Est) @payy_link | Mainnet | 967 (Developing) @renegade_fi | Mainnet | 2593 (Med) @ZKEmail | Mainnet | 1014 (Est) @ArciumHQ | Testnet | 2744 (Med) @TACEO_IO | Mainnet | 430 (Developing) @dWalletLabs | Mainnet | 133 (Low) @SeismicSys | Testnet | 1746 (Est) Why care about “TBD” tokens? No coin yet = pure alpha: • Products are live or in testnet, real users, no dilution • Likely airdrop candidates • Built for selective transparency, exactly what regs and devs need Get in early, learn the tech, and front‑run the listing day.