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![CryptoJournaal Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1159541595357831170.png) CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.5K followers
Created: 2025-07-16 09:37:24 UTC

#Prom ( $PROM ) - #Explainer

💡 What is Prom ( $PROM )?

Prom ( $PROM ) is the native token of the Prom network, a scalable Layer X solution that utilizes zero-knowledge (ZK) technology to improve the scalability and efficiency of blockchain transactions.

The project originally started as Prometeus Network in 2019, focusing on an NFT marketplace for gaming, but has since undergone significant evolution.

In July 2022, it was rebranded to Prom, and in November 2024, it launched its mainnet as a modular ZkEVM (Zero-Knowledge Ethereum Virtual Machine) Layer 2, built with the Polygon Chain Development Kit (CDK).

The goal is to provide fast, cost-effective, and interoperable infrastructure for decentralized applications (dApps), focusing on both EVM and non-EVM compatible blockchains.

#BlockchainInnovation

⚙️ How does Prom ( $PROM ) work?

Prom utilizes ZkEVM and Polygon CDK, which together provide an efficient and scalable Layer X solution:

🔸Zk-Rollups:

Transactions are processed off-chain and compressed into a cryptographic proof validated on Ethereum, reducing transaction costs and increasing speed.

🔸EVM Compatibility:

Developers can use existing Ethereum tools and smart contracts without modifications, simplifying adoption.

🔸Interoperability:

Prom supports communication between EVM and non-EVM networks, such as Solana or Cosmos, making it a versatile solution for cross-chain applications.

#TechSolutions

🪙 The role of $PROM

The $PROM token has several functions within the Prom ecosystem:

🔸Gas Fees:

$PROM is used to pay transaction fees on the network, which is essential for the platform's operation.

🔸Governance:

$PROM holders can vote on proposals for protocol upgrades and network changes, ensuring a decentralized governance system.

🔸Staking:

$PROM holders can stake tokens to secure the network and receive rewards in return.

#Tokenomics

🛠️ Key features:

🔸Scalability:

Thanks to ZK technology and Polygon CDK, Prom offers fast transactions with high throughput, ideal for dApps in gaming, finance, and more.

🔸Low Costs:

By bundling transactions off-chain and placing only proofs on-chain, gas fees are significantly lower than on Ethereum Layer X.

🔸Interoperability:

Prom supports both EVM and non-EVM compatible blockchains, ensuring broad applicability across different networks.

#CryptoEcosystem

📜 History and development:

🔸Foundation and rebranding:

Prom started in 2019 as Prometeus Network and was later rebranded to Prom in 2022 to focus on broader Web3 applications.

🔸Mainnet launch:

In November 2024, Prom launched its mainnet, integrating the Polygon CDK for an advanced Layer X solution.

🔸Technological growth:

With the successful implementation of ZkEVM, Prom has further optimized its infrastructure for scalability and interoperability.

#CryptoHistory

💸 Tokenomics

🔸Total supply:

The total supply of $PROM is XXXXX million tokens, with approximately XX% in circulation as of April 3, 2025.

🔸Market capitalization:

The market capitalization of $PROM currently sits around $90-100 million USD, with a fully diluted valuation of $105-110 million.

🔸Price volatility:

The price of $PROM fluctuates, with a high of $XXXXXX in 2021 and a low of $XXXX in 2019. The current price is around $5.50-$6.

#MarketAnalysis

✅ Advantages of Prom ( $PROM ):

🔸Scalable Layer X solution:

Prom offers low costs and fast transactions, making it ideal for use in Web3 applications.

🔸Interoperability:

The network can communicate with various blockchain ecosystems, facilitating the adoption of dApps.

🔸Governance:

Decentralized governance allows the community to influence the network's future development.

#BlockchainAdvantages

⚠️ Disadvantages and challenges:

🔸Competition:

Prom faces competition from other ZK rollups such as zkSync and StarkNet, which offer similar technologies.

🔸Adoption:

The broader adoption of Web3 and ZK technology is crucial for Prom’s success.

🔸Price volatility:

The price of $PROM is sensitive to market fluctuations, reflecting typical volatility in altcoins.

#CryptoChallenges

🛠️ Applications and adoption:

Prom is used for:

🔸Decentralized applications:

Scalability and low costs make Prom suitable for various applications in the DeFi, gaming, and NFT sectors.

🔸Interoperability:

With support for cross-chain dApps, Prom becomes an attractive choice for developers seeking interoperability between different networks.

#DeFiAdoption

📊 Price and market performance:

The price of $PROM is volatile, but it has shown impressive growth from its lowest point in 2019 to the current price.

#MarketVolatility

🔮 Future prospects:

The future of $PROM depends on:

🔸Adoption in Web3:

The acceptance of Prom by developers and dApp projects will further drive demand for $PROM.

🔸Technological improvements:

If Prom delivers on its promise of low costs and high scalability, it could become a major player in the Layer X market.

🔸Market movements:

$PROM could benefit from a bull market, especially with the growth of Web3 and Layer X solutions.

#DeFiFuture

🎯 Conclusion:

Prom ( $PROM ) is a promising Layer X solution focused on scalability, interoperability, and low costs.

While it still competes with other ZK rollups, it offers technology and partnerships that provide a solid foundation for growth in the Web3 space.

The $PROM token carries both risks and opportunities, and the future depends on broader adoption and technological advancements. As always, it’s important to conduct thorough research before investing.

#CryptoConclusion

🛒 Want to buy $PROM?

$PROM is easy to buy on #Bitvavo:

✅ Over XXX #Altcoins available

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#CryptoJournaal #AltcoinPedia #Bitcoin #Crypto #Exchange

📚 Useful resources and additional information:

Want to dive deeper into the world of #Prom or looking for the latest updates and developments?

These links will help you stay up to date:

🔹GitHub:

🔹Official Website:

🔹X (Twitter): @prom_io

#CryptoResources #StayInformed

⚠️ Important note:

🔹 This post is purely for educational purposes and not financial advice!

🔹 Only invest what you are willing to lose:

#Crypto-investments can be volatile, and you may lose part or all of your investment.

🔹 Always do your own research (#DYOR):

Do thorough research on #crypto-assets, platforms, and wallets before investing.

🔹 Understand the risks of volatility:

The value of #cryptocurrencies can change quickly, so be prepared for price fluctuations.

🔹 Keep your private keys secure:

Losing your private keys can result in losing access to your crypto assets.

🔹 Use reliable platforms:

Ensure you trade crypto through reliable and regulated exchanges or wallets that meet necessary security standards.

#CryptoRules #CryptoSafety #CryptoRisks #Dyor

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**Related Topics**
[gaming](/topic/gaming)
[marketplace](/topic/marketplace)
[nft](/topic/nft)
[blockchain](/topic/blockchain)
[stocks technology](/topic/stocks-technology)
[coins layer 2](/topic/coins-layer-2)
[token](/topic/token)
[$prom](/topic/$prom)

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