PLabs launches EVM privacy token standard pERC20 based on Zcash Orchard, issuing native token P20 Foresight News reported that privacy protocol project PLabs announced the launch of a new privacy token standard pERC20 based on EVM. pERC20 is built on the Zcash Orchard protocol and aims to make EVM a "privacy protocol center". Its native token P20 is an asset under this standard, and the balance and transfer details are not visible on the chain. P20 undertakes three major functions: ecological mobility, cost settlement, and governance. ERC20 assets can enter the system through the Shield mechanism and communicate with P20, but P20 currently does not support unshielding back to ERC20. The total supply of P20 is 1 billion pieces, which will only be distributed through Genesis airdrops and agreement incentives, without pre mining or private placement. The initial circulation limit for airdrops is 8% of the total supply, with incentives accounting for the majority. The default allocation ratio for tokens is 80% for users and 20% for teams and ecological funds, with phased halving of distribution.