What is the distribution model of Prom (PROM) coins?

With a fixed supply of 1 billion tokens, PROM's distribution ensures fair allocation through mechanisms like token sales, team allocations, ecosystem funds, and community rewards.

Dec 19, 2024 at 06:38 am

Key Points:

• PROM is a utility token with multiple use cases.
• PROM has a fixed total supply of 1 billion tokens.
• PROM tokens are allocated to various stakeholders through various mechanisms.
• The initial PROM distribution occurred through a fair launch, ensuring equitable distribution.
• PROM is available for purchase on multiple cryptocurrency exchanges.

PROM Coin Distribution Model

The distribution of PROM coins follows a carefully designed model to ensure a fair and sustainable allocation of tokens among different stakeholders. Here's a breakdown of the distribution:

1. Token Sale (60%): The majority of PROM tokens were distributed through a token sale conducted in May 2022. Early investors and supporters were able to participate in the sale, with the proceeds used to support the development and growth of the PROM ecosystem.
2. Team and Advisors (15%): A portion of PROM tokens is allocated to the core team and advisors who have dedicated their time and expertise to the project. This allocation ensures alignment between stakeholder interests and long-term project success.
3. Ecosystem Fund (10%): A significant portion of PROM tokens is reserved for the ecosystem fund. This allows the PROM team to support projects and initiatives that contribute to the growth and adoption of the PROM ecosystem.
4. Community Rewards (5%): The PROM community plays a vital role in the project's success. Through various initiatives, 5% of tokens are allocated for community rewards, incentivizing active participation and contributions to the ecosystem.
5. Liquidity Provisions (5%): To ensure ample liquidity for PROM trading, 5% of tokens are allocated for liquidity provisions on various cryptocurrency exchanges. This liquidity ensures seamless buying and selling of PROM tokens.
6. Strategic Partnerships (5%): PROM fosters strategic partnerships with other projects and entities in the cryptocurrency industry. A portion of tokens is dedicated to facilitating these partnerships, fostering cross-platform integrations and collaborations.

Initial PROM Distribution (Fair Launch)

The initial distribution of PROM tokens was conducted through a fair launch, ensuring an equitable distribution among all participants. The fair launch model eliminates any preferential allocation to specific parties, creating a level playing field for all investors.

Purchasing PROM Tokens

PROM tokens are available for purchase on multiple cryptocurrency exchanges, including Binance, KuCoin, and Gate.io. Users can follow the signup and trading instructions on the respective exchange platforms to acquire PROM tokens.

FAQs

1. What is the total supply of PROM tokens?
Answer: The total supply of PROM tokens is fixed at 1 billion tokens.

2. When was the PROM token sale held?
Answer: The PROM token sale was held in May 2022.

3. Is PROM a mineable coin?
Answer: No, PROM is not a mineable coin.