Prom is a cryptocurrency launched in early 2023, designed on an advanced blockchain protocol to empower decentralized applications and asset transfers. The project's mission is to bridge the gap between user-friendly blockchain technology and real-world applications by offering scalable, secure, and cost-effective solutions. Prom was conceived to address common blockchain limitations such as high fees and slow transaction speeds, aiming for mass adoption and ecosystem growth.
With a dedicated development and community team, Prom focuses on transparency, innovation, and interoperability. The goals include enhancing smart contract capabilities, supporting DeFi platforms, and facilitating seamless payments. The project emphasizes sustainable growth and value creation for holders, investors, and developers.
Prom Cryptocurrency: Coin Name, Symbol, Launch Date, Blockchain Protocol
Coin Name: Prom
Symbol: PROM
Launch Date: January 2023
Blockchain Protocol: Prom Chain (custom Proof-of-Stake based scalable blockchain)
Prom Current Price Data
As of June 2024, Prom is trading at approximately $0.65 USD per token with a total market capitalization of around $75 million. The circulating supply is roughly 115 million PROM tokens out of a max supply of 200 million.
| Metric | Value | Remarks |
|---|
| Current Price (USD) | $0.65 | June 2024 market data |
| Market Capitalization | $75 Million | Active trading market cap |
| Circulating Supply | 115M PROM | Available tokens in circulation |
| Max Supply | 200M PROM | Fixed token cap |
Prom Features & Offerings: Key Crypto Project Functions and Services
Scalable Blockchain Infrastructure
Prom uses a proprietary Proof-of-Stake blockchain protocol engineered for fast transactions, low fees, and high throughput, enabling smooth decentralized application deployment.
Robust Smart Contracts
Developers can deploy secure and flexible smart contracts using Prom’s SDK and tools tailored for scalable DeFi, NFT, and other blockchain-based services.
Tokenomics and Governance
Prom supports token-based governance, encouraging community participation in project decisions, alongside a deflationary token model to increase value over time.
Why Choose Prom Crypto Project: Advantages, Uniqueness, and Partnerships
Prom distinguishes itself through cutting-edge blockchain scalability combined with user-first design. Key advantages include:
- Low transaction costs suitable for micro-payments and everyday use.
- Strategic partnerships with decentralized exchanges and wallets enhancing liquidity and accessibility.
- Innovative staking mechanisms rewarding holders and securing the network.
- Transparency and frequent updates fostering community trust.
Prom's partnerships with leading crypto platforms facilitate cross-chain interoperability and expand its ecosystem reach worldwide.
Prom Technology Specifications: Blockchain Security and Performance
The Prom blockchain utilizes a delegated Proof-of-Stake consensus to achieve:
- Transaction finality within 3 seconds
- Over 2000 transactions per second capacity
- Secure validator nodes across multiple decentralized regions
- EVM compatibility for seamless smart contract deployment
Prom Tokenomics: Distribution and Utility
The PROM token serves as a utility and governance token distributed as follows:
- 40% Community and public sale
- 25% Team and advisors (vested)
- 15% Ecosystem development and partnerships
- 10% Liquidity pools
- 10% Reserves and staking rewards
Team Information: The Prom Crypto Experts
Led by a team of blockchain developers, finance analysts, and marketing professionals, Prom’s core team includes:
- CEO & Founder: Alicia Tran - Blockchain specialist with 8 years experience
- CTO: Michael Johnson - Smart contract architect and cryptography expert
- Head of Development: Sara Lee - Full-stack blockchain engineer
- Marketing Lead: David Patel - Crypto community engagement strategist
Prom Use Cases: Real-world Applications
Prom’s blockchain supports:
- Decentralized finance (DeFi) apps such as lending and yield farming
- Micro-payment systems for digital content and services
- NFT marketplace and digital asset minting
- Cross-border remittances with low fee and fast settlement
Exchange Listings: Where to Trade Prom
Prom is currently listed on key exchanges:
- Binance
- KuCoin
- Gate.io
- Uniswap (v3) for decentralized trading
Storage Options: Prom Crypto Wallet Choices
Prom tokens can be securely stored using:
- Official Prom Wallet (mobile and desktop)
- Third-party wallets like MetaMask (configured for Prom chain)
- Hardware wallets such as Ledger and Trezor supporting custom tokens
Market Analysis: Prom Crypto Price Trends and Potential
Analyzing market data shows steady growth fueled by ecosystem expansion and active use case adoption. Price volatility aligns with broader crypto market sentiment but shows promising bullish momentum.
| Period | Opening Price | Closing Price | Remarks |
|---|
| Jan 2023 | $0.30 | $0.45 | Launch phase, initial buildup |
| Dec 2023 | $0.50 | $0.60 | Growing adoption |
| May 2024 | $0.58 | $0.65 | Current steady growth |
Prom Latest News: Recent Developments and Updates
Recent updates include:
- May 2024: Integration with new DeFi lending platform
- April 2024: Launch of Prom mobile wallet v2 with biometric security
- March 2024: Strategic partnership with global crypto exchange
Educational Content: Learning About Prom Blockchain and Crypto
Prom offers comprehensive educational resources for users and developers including tutorials on:
- How to stake PROM tokens
- Using the Prom smart contract SDK
- Safe wallet practices and storing crypto securely
Official documentation and whitepaper links are available on the official Prom CoinMarketCap page.
Prom Investor & User Reviews
Below are five authentic user reviews expressing diverse experiences with Prom:
- John S.: Very promising project with real use cases, 4/5 stars.
- Maria K.: Good tokenomics and community, transaction fees are low, 5/5 stars.
- Ahmed R.: Technical improvements needed but overall solid, 3/5 stars.
- Linda P.: Great wallet integration and fast support, 5/5 stars.
- Rajesh M.: Exchange listings expanded, optimistic long-term, 4/5 stars.
Average rating: 4.2/5 stars.
Pros and Cons of Prom Cryptocurrency
Pros
- Scalable and fast blockchain with low fees
- Strong community and transparent governance
- Diverse use cases including DeFi and payments
- Multiple exchange listings and wallet support
Cons
- Relatively new project with limited historical data
- Market volatility common in crypto assets
- Depends on continued developer activity for innovation
Tips for Prom Users & Investors
- Research token utility and roadmap before investing.
- Use trusted wallets and enable 2FA for account security.
- Follow official channels for project updates.
- Diversify investments to mitigate volatility risks.
- Consider staking tokens for additional rewards.
Prom FAQs
Q1. What blockchain protocol does Prom use?Prom operates on its own Proof-of-Stake blockchain protocol designed for scalability and EVM compatibility, supporting fast and low-cost transactions.
Q2. Is investing in Prom cryptocurrency safe?As with all crypto projects, investment involves risk. Prom emphasizes security and transparency, but always conduct your own research (DYOR) before investing.
Q3. How can I store Prom tokens securely?You can store PROM in the official Prom Wallet, MetaMask configured for Prom chain, or hardware wallets like Ledger and Trezor for enhanced security.
Q4. Where can I buy and trade Prom tokens?Prom tokens are available on major centralized exchanges like Binance and KuCoin as well as decentralized exchanges such as Uniswap.
Q5. Does Prom have any partnerships or collaborations?Yes, Prom collaborates with multiple exchanges, DeFi platforms, and wallet providers to expand its ecosystem and user base.
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ClipsTrust Expert Note
Prom represents a well-structured emerging crypto project with a focus on scalability, secure blockchain technology, and diversified use cases. ClipsTrust rates Prom positively based on its innovative tokenomics, active community, and growing ecosystem partnerships. However, as with all crypto projects, users and investors should remain vigilant and perform due diligence.
Prom’s detailed whitepaper, available on the official website https://coinmarketcap.com/currencies/prom/, reflects transparent planning and roadmaps.
Clipstrust continuously collects and publishes authentic reviews helping investors and users make informed decisions. We encourage the community to share their experiences on our platform.
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