Prom (PROM) coin issuance price

Prom's initial coin offering (ICO) in 2017 raised $5 million in ETH, with tokens distributed for public sale, team and advisors, ecosystem development, and marketing.

Dec 22, 2024 at 07:20 am

Prom (PROM): Issuance Price, Tokenomics, and Future Outlook

Key Points:

• Initial Coin Offering (ICO) Details
• Token Distribution and Allocation
• Current Market Price and Performance
• Future Price Predictions and Growth Potential
• Prom Ecosystem and Use Cases
• Prom Token Economy
• FAQs:

1. Initial Coin Offering (ICO) Details

Prom (PROM) conducted its initial coin offering (ICO) in October 2017, raising $5 million in ETH tokens. The ICO price was set at 1 ETH = 1,000 PROM. Prom was the first project to launch on the Binance Launchpad platform.

2. Token Distribution and Allocation

Prom's token distribution was as follows:

• 50% Public Sale: Distributed to ICO participants
• 20% Team and Advisors: Vested over three years
• 15% Ecosystem and Development: Funded community projects, strategic partnerships, and technological enhancements
• 10% Marketing and Operations: Used for promotional campaigns, community outreach, and administrative expenses
• 5% Reserve: Held for future advancements and unforeseen circumstances

3. Current Market Price and Performance

As of [date], PROM is trading at [current price]. It has a market capitalization of [market cap]. Since its ICO, PROM has experienced significant price fluctuations. Its all-time high price was [ATH], reached in [date].

4. Future Price Predictions and Growth Potential

Future price predictions for PROM are inherently speculative, but analysts generally believe it has strong growth potential due to its:

• Solid team with a proven track record
• High adoption and use cases in the blockchain industry
• Partnerships and collaborations with major players
• Commitment to innovation and technological advancements

5. Prom Ecosystem and Use Cases

Prom is a blockchain platform that enables the creation of decentralized applications (dApps). It is designed to be scalable, efficient, and secure. Prom's ecosystem includes:

• Prom Chain: A high-performance blockchain with a consensus mechanism optimized for dApp development
• Prom Bridge: A cross-chain bridge facilitating interoperability between Prom and other blockchains
• Prom Wallet: A secure wallet for storing, sending, and receiving PROM tokens
• Prom Labs: An incubator program supporting promising dApp projects

6. Prom Token Economy

The PROM token plays a crucial role in Prom's economy:

• Staking: PROM holders can stake their tokens to earn rewards and secure the network
• Governance: PROM holders participate in decision-making processes related to the development and governance of the platform
• Utility: PROM tokens are used to cover transaction fees, pay for dApp services, and access premium features within the ecosystem

FAQs:

• What is the total supply of PROM tokens? The total supply is 100 million PROM.
• Where can I buy and sell PROM tokens? PROM is available for trading on major cryptocurrency exchanges including Binance, Huobi, and OKEx.
• What are the long-term prospects for PROM? With its strong ecosystem, innovative technology, and rising adoption, PROM is well-positioned for continued growth in the future.