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What is Prom (PROM)?

Prom.io is a Layer 2 blockchain developed using Polygon CDK and ZK Stack, designed to deliver a modular zkEVM solution. It focuses on providing a high-performance, scalable, and secure infrastructure for dApps, NFTs, and DeFi protocols. It is powered by its native token, PROM, which is used for staking and governance. 

Who founded Prom (PROM)?

Prom (PROM) was co-founded by Iva Wisher and Vladislavs Semjonovs.

Primary features of Prom (PROM)

• PROM token: PROM is the native token of the Prom Layer 2 platform used for NFT marketplace transactions, staking, and governance within the ecosystem.

• Web3 gaming infrastructure: Prom offers NFT rentals, cross-game item support, and a unified player identity system for seamless Web3 gaming.

• NFT marketplace: Prom offers a curated NFT marketplace focused on gaming assets, allowing users to buy, sell, and rent NFTs with low fees.

• Decentralized data ownership: The project originally aimed to enable user-owned data monetization, laying the groundwork for decentralized identity and Web3 use cases.

Is PROM a promising crypto?

PROM is promising crypto in the Web3 gaming and NFT sectors. Its focus on building a complete infrastructure for NFT-based games positions it well in a niche with strong demand. Additionally, its early emphasis on data ownership and decentralized identity reflects a long-term vision aligned with Web3 values. While it’s not as mainstream as some competitors, its steady development, real-world use cases, and growing ecosystem suggest that PROM has potential for long-term relevance.

You can buy PROM from crypto platforms like CoinSwitch.

How do I use PROM?

• PROM can be bought and traded on crypto platforms like CoinSwitch. 

• PROM can be used to buy NFTs, items, or upgrades in games built on Prom’s platform.

Pros & Cons of Prom (PROM)

Pros

• Prom offers a strong NFT gaming focus, providing infrastructure like NFT rentals, marketplaces, and cross-game economies for Web3 gaming.

• It supports cross-game integration, allowing assets and player identities to move across multiple games.

• Prom provides SDKs for easy game integration into its ecosystem.

Cons

• PROM is subject to market volatility like all cryptos.

• Prom is still under development, with key features like the zkEVM layer-2 not yet fully launched.

• Prom operates in a highly competitive market alongside major players like Immutable X and Ronin.

How to trade PROM on CoinSwitch?

• Start investing in PROM with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Prom (PROM) ICO summary

Prometeus (PROM) held its token sale in early 2019, raising a total of $4.85 million across two primary rounds. A pre‑sale round raising $4 million at $1 per token, followed by a public ICO that brought in $850,000, also at $1 per token. The Token Generation Event (TGE) occurred on July 17, 2019, with tokens initially listing at $0.37, offering a significant return on investment.

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FAQ's on Prom

1. What is Prom (PROM)?

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Prom is a Web3 ecosystem and zkEVM Layer-2 blockchain built using Polygon CDK and ZK Stack. It’s designed to power scalable NFT games, DeFi apps, and digital asset platforms using the PROM token for staking, governance, and transactions.

 

 

2. What can PROM be used for?

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PROM is the native token of the Prom network and can be used to buy, sell, or rent NFTs, stake for rewards, vote on governance proposals, and pay for in-game items and upgrades within the ecosystem.

3. Is Prom (PROM) a good investment?

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Prom is considered promising due to its focus on NFT gaming infrastructure and zkEVM scalability. While still developing, it offers long-term potential in a growing Web3 gaming market. However, it faces stiff competition from players like Ronin and Immutable X.

4. Where can I buy and trade PROM?

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You can buy and trade PROM on platforms like CoinSwitch with a starting investment as low as ₹100. The platform provides a user-friendly app to manage your trades and portfolio.

Highlight

Prom is a Web3 ecosystem designed to support NFT-based games, creators, and digital assets.

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Prom Price Statistics

PROM Price Today

PROM Price

₹974.5

Price Change 24h

percent_change_icon

0%

Price Change 7d

percent_change_icon

1.99%

Market Rank

#186

Market Cap

₹1,487 Cr.

Trade Vol 24h

₹42 Cr

Circulating Supply

₹2 Cr. PROM

Trading Activity

0% Buy100% Sell

Similar Pages
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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