You have it written. "Privelege Coin primarily acts as a participant's share in the micronation, which allows the owners of the largest number of crypto-currencies to sit on the advisory board and thereby guide the development of micronation." The next question. And what is micronation?
Here is a definition of a micronation my friend;
a small area or political entity that claims national sovereignty but is not recognized by other sovereign states.
"Jedlicka announced the formation of the Free Republic of Liberland, a 2.7-square-mile micronation situated on the border between Croatia and Serbia"
We will change a little bit, because we will claim indenpence even in ONZ organization(so we will be recognized by other sovereign stated), when of course our soft cap and hard cap will be collected.