Prom
Current price
$5.02
−2.68%24h
LiveUpdated 32s ago
TodayProm falls 2.7%, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.44%
- 24 hours−2.68%
- 7 days−2.07%
- 30 days−9.52%
- 1 year−50.60%
Prom's move in context
Beating the market today
−2.68% today against −3.26% for the market as a whole, a gap of 0.6 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−2.1% over 7 days and −9.5% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Prom
Overview
Prom is a groundbreaking cryptocurrency designed to empower users through decentralized finance (DeFi) solutions and facilitate seamless transactions across the globe. Its core mission is to democratize access to financial services, offering users the ability to manage their wealth and engage in digital economies without intermediaries. Distinguished by its user-friendly interface and innovative features, Prom aims to bridge the gap between traditional finance and the burgeoning crypto landscape. By eliminating barriers to entry, Prom enables individuals from all walks of life to participate in the digital economy, aligning financial opportunities with accessibility and security.
Technical Features
Prom employs a unique proof-of-stake (PoS) consensus mechanism that enhances energy efficiency and transaction speed compared to traditional proof-of-work systems. This robust security model ensures that transactions are validated by a network of validators who are incentivized to act honestly, thereby safeguarding the integrity of the blockchain. The network architecture of Prom is built on a multi-layer framework, facilitating scalability and reducing latency for users. Additionally, Prom employs advanced cryptographic techniques such as zero-knowledge proofs, providing enhanced privacy features that keep user transactions discreet while still being auditable on the blockchain. By utilizing a combination of state channels and off-chain transactions, Prom significantly lowers transaction fees and improves user experience.
Use Cases
Prom's primary use cases include its integral role in decentralized finance, where it powers lending platforms, decentralized exchanges, and yield farming protocols. Users can leverage their Prom holdings to earn passive income, borrow assets, or trade with minimal fees. Its governance features allow token holders to participate in decision-making processes regarding the future development and protocol updates. Moreover, Prom's underlying technology can support non-fungible tokens (NFTs), enabling creators to mint, buy, and sell digital art and collectibles with ease. Cross-border payments are simplified as well, with Prom offering an efficient solution for remittances and international transactions, making it a versatile cryptocurrency in today’s fast-paced financial landscape.
Development Background
Prom was conceived by a team of blockchain enthusiasts and finance experts who recognized the need for a more accessible and user-centric cryptocurrency. Launched in 2021, Prom quickly gained traction due to its innovative approach and active community. The development has been supported by strategic partnerships with leading technology firms and contributions from open-source developers who continually enhance its capabilities. Notable events since its inception include significant platform upgrades, community-driven initiatives, and the establishment of a dedicated foundation to support the ecosystem.
Community and Ecosystem
The Prom ecosystem is characterized by a vibrant community of users, developers, and enthusiasts who actively engage through forums, social media, and events. The cryptocurrency has gained notable partnerships with various projects in the DeFi and NFT space, fostering collaboration and expanding its reach. The growing number of decentralized applications (dApps) built on the Prom blockchain highlights its potential as a foundational technology in the crypto space. Community-driven governance incentivizes active participation, with token holders able to propose and vote on key project developments.
Future Potential
The future potential of Prom is vast, driven by its innovative technology and real-world applications. Upcoming features on its roadmap include enhanced interoperability with other blockchains, a suite of DeFi tools to serve a wider audience, and expanded educational resources to onboard new users into the cryptocurrency ecosystem. As the demand for decentralized solutions continues to rise, Prom is poised to play a pivotal role in shaping the future of finance, offering sustainable and inclusive alternatives. With continuous improvements and an engaged community, Prom is well suited to capture significant market share and influence in the evolving digital economy.
Prom market
- Position by market cap among the coins we track.
- #166
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $96.56M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $4.89High $5.17
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $105.94
- Now 5% of itReached 30 Apr 2021 · Needs +2,012% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 19.25M PROM
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 19.25M PROM
- The most coins that can ever exist. Some coins have no limit.
Prom converter
1 Prom = $5.02
