Prom (PROM) coin issuance time

Issued in 2019 through an ICO, PROM serves as a governance and staking token within the Promodio platform.

Dec 22, 2024 at 10:19 pm

Key Points:

• PROM is a cryptocurrency used for governance and staking within the Promodio platform.
• PROM was first issued in 2019 through an initial coin offering (ICO).
• PROM holders can vote on platform decisions, earn rewards through staking, and participate in community initiatives.
• The PROM token's utility and value are tied to the growth and adoption of the Promodio ecosystem.

PROM Coin Issuance Time

PROM entered the market through an ICO conducted in 2019. The ICO successfully raised $11 million and established the initial distribution of PROM tokens. PROM tokens were sold in exchange for various fiat currencies, including USD, EUR, and GBP, as well as cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

The ICO served as a primary mechanism for fundraising and community building, allowing early investors and supporters to acquire PROM tokens and participate in the growth of the Promodio platform. The funds raised were utilized to further develop the Promodio infrastructure, marketing initiatives, and establish partnerships to expand the platform's reach.

PROM Token Utility

PROM tokens serve a multifaceted role within the Promodio platform, offering holders various benefits and functionalities:

• Governance: PROM holders possess voting rights and can actively participate in platform governance, influencing decisions related to product development, feature additions, and strategic initiatives.
• Staking: PROM tokens can be staked to earn rewards and contribute to the maintenance and security of the Promodio network. Token holders can delegate their PROM to validators and receive a share of block rewards and fees.
• Community Incentives: PROM tokens are used to incentivize participation in community programs, such as bug bounties, hackathons, and content creation initiatives. These initiatives aim to foster a vibrant and engaged community around the platform.

Value of PROM

The value of PROM is intrinsically linked to the growth and adoption of the Promodio platform and its native assets. As the Promodio ecosystem matures and attracts a wider user base, the demand for PROM is expected to increase due to its governance, staking, and community utility.

• Increasing Platform Adoption: The growing adoption of Promodio's services and products will drive demand for PROM, as it serves as the primary governance token for the platform.
• Community Engagement: A thriving and engaged community, driven by the incentives provided through PROM, can foster increased demand and liquidity for the token.

FAQ:

• When did PROM first enter circulation?

  • PROM first entered circulation in 2019 through the Promadio ICO.

• What was the total amount of funds raised during the PROM ICO?

  • The PROM ICO successfully raised $11 million.

• What was the purpose of the PROM ICO?

  • The PROM ICO aimed to fund the development of the Promodio platform, build a community of supporters, and establish a liquid market for the PROM token.

• What are the key utility functions of PROM within the Promodio platform?

  • PROM tokens are used for governance, staking, and participation in community initiatives.

• How is the value of PROM determined?

  • The value of PROM is primarily determined by the growth and adoption of the Promodio platform and its ecosystem.