When was Prom (PROM) coin issued?

Prom coin (PROM) was officially issued on June 3, 2019, following a successful Initial Coin Offering (ICO) that concluded on May 31 of that year.

Dec 22, 2024 at 01:34 am

When Was Prom (PROM) Coin Issued?

Key Points:

• Prom (PROM) coin was originally issued on June 3, 2019.
• Initial Coin Offering (ICO) for PROM concluded on May 31, 2019.
• Prom is a middleware platform that integrates blockchain into existing applications without the need for code modification.

Origins and Journey of Prom Coin (PROM)

1. Genesis of Prom (PROM)

Prom was established in 2018 by Pavel Kravchenko, CTO of Prom, and Andrey Kravchenko, CEO of Prom. The vision behind Prom was to create a universal middleware platform that bridges the gap between traditional software and blockchain technology.

2. Prom's Initial Coin Offering (ICO)

The Prom ICO took place from May 6 to 31, 2019. During this period, the project raised approximately $8 million through the sale of PROM tokens. The tokens were distributed among investors in exchange for their contributions primarily in Ethereum (ETH) and Bitcoin (BTC).

3. Official Coin Issuance on June 3, 2019

Following the successful ICO, Prom coin (PROM) was officially issued on June 3, 2019. The tokens were distributed to ICO participants according to the allocated proportions. The launch of PROM marked the commencement of Prom's journey as a fully operational project in the blockchain ecosystem.

4. Prom's Technological Foundation

Prom operates on a hybrid architecture that combines the efficiency of a blockchain and the flexibility of traditional software. The platform enables developers to integrate blockchain functionalities into their existing applications without modifying the original code. This seamless integration grants access to decentralized features such as tokenization, smart contracts, and immutable data storage.

5. Prom's Middleware Functionality

Prom'smiddleware platform offers a range of services that facilitate blockchain integration:

• Event Management: Prom offers an event-driven architecture that allows developers to trigger blockchain events based on specific conditions within their applications.
• Tokenization: Prom supports the creation and management of tokens, including security tokens, utility tokens, and stablecoins.
• Smart Contracts: Prom enables the implementation of smart contracts, allowing developers to automate tasks and execute complex business logic on the blockchain.
• Interoperability: Prom facilitates communication between blockchain networks, enabling cross-chain transactions and the exchange of data and assets.

FAQs

Q: What is the purpose of Prom (PROM) coin?

A: PROM is a utility token that serves several purposes within the Prom ecosystem. It is primarily used for:

• Paying transaction fees on the Prom platform.
• Staking to participate in the Prom consensus mechanism.
• Voting on governance proposals related to the development and direction of the Prom platform.

Q: What is the current price of Prom (PROM) coin?

A: As of [insert current date], the price of PROM is approximately $0.015 USD. The price of PROM, like other cryptocurrencies, can fluctuate based on market conditions and supply and demand dynamics.

Q: Where can I buy Prom (PROM) coin?

A: PROM coin is available for trading on several cryptocurrency exchanges, including:

• Binance
• KuCoin
• Gate.io
• Huobi Global

Disclaimer:

The information provided in this article is solely for informational purposes and should not be construed as financial advice. Please conduct your own thorough research before making any investment decisions.