Is Prom (PROM) coin built on its own blockchain?

Prom's utilization of the Binance Smart Chain blockchain provides benefits like enhanced scalability, cost-effective transactions, and seamless integration with a vast ecosystem of decentralized applications and services.

Dec 19, 2024 at 01:59 pm

Key Points:

• Prom is a community-driven, meme-inspired cryptocurrency that operates on the Binance Smart Chain (BSC).
• The BSC provides Prom with scalability, low transaction fees, and access to a wide user base.
• Prom's native token, PROM, has been listed on several reputable cryptocurrency exchanges.

Is Prom (PROM) Coin Built on Its Own Blockchain?

No, Prom (PROM) coin is not built on its own blockchain. Instead, it operates on the Binance Smart Chain (BSC), a popular blockchain platform that is extensively utilized in the cryptocurrency space. The BSC offers Prom several benefits, including:

• Scalability: The BSC can handle a high volume of transactions per second, ensuring that Prom has the capacity to meet the demands of its growing user base.
• Low Transaction Fees: The transaction fees on the BSC are significantly lower compared to other blockchains, making it more cost-effective for users to conduct transactions with PROM.
• Accessibility: The BSC is supported by a wide range of wallets and services, making it easy for users to access and store their PROM tokens.

Prom Token Listings:

The native token of the Prom project, PROM, has been listed on several reputable cryptocurrency exchanges, including:

• Binance: Binance is one of the largest and most well-established cryptocurrency exchanges in the world. Prom's listing on Binance provides it with access to a vast user base and increased liquidity.
• PancakeSwap: PancakeSwap is a decentralized exchange that is popular among users of the BSC. Prom's listing on PancakeSwap provides it with exposure to a large community of traders and liquidity providers.
• Gate.io: Gate.io is another reputable cryptocurrency exchange that has listed PROM. Its listing on Gate.io further enhances Prom's accessibility and liquidity.

Benefits of Prom Operating on the BSC:

Prom's decision to operate on the BSC provides several benefits for the project and its users:

• Enhanced Interoperability: The BSC is compatible with the Ethereum Virtual Machine (EVM), allowing Prom to integrate with a wide range of decentralized applications (dApps) and smart contracts.
• Strong Ecosystem Support: The BSC has a robust ecosystem of projects, tools, and services that can be leveraged by Prom for development and growth.
• Reduced Development Costs: Building and maintaining a blockchain can be expensive. By operating on the BSC, Prom can minimize its operating costs and focus resources on other aspects of development.

FAQs:

Q: Why is Prom not built on its own blockchain?

A: Building and maintaining a blockchain can be expensive and resource-intensive. By operating on the BSC, Prom can leverage the existing infrastructure and capabilities of a proven blockchain platform.

Q: What are the advantages of operating on the BSC?

A: The BSC offers Prom scalability, low transaction fees, accessibility, and interoperability with a wide range of dApps and smart contracts.

Q: Which exchanges can I buy PROM tokens on?

A: PROM tokens are available for purchase on Binance, PancakeSwap, Gate.io, and other reputable cryptocurrency exchanges.