PROM serves as a governance token, which gives holders the right to participate in the decision-making process that shapes the future of the network.

Now, Prom (PROM) crypto assets are available on INDODAX on the BEP 20 network. 

Want to know more about Prom (PROM) and how to buy it? Get to know before you buy by reading more below!

About Prom (PROM/IDR) 

Understanding Prom: A Layer 2 Solution for Blockchain Interoperability and Efficiency

Prom is an advanced Layer 2 solution designed to enhance the interoperability and efficiency of blockchain networks. By bridging multiple Layer 1 (L1) networks, Prom addresses key challenges in the blockchain space, such as scalability, speed, and cross-chain communication. This technology is particularly significant as it connects both Ethereum Virtual Machine (EVM) compatible chains and non-EVM chains, thereby broadening its applicability and utility across various blockchain ecosystems.

Core Technology: Zero-Knowledge Proofs

At its core, Prom leverages zero-knowledge proofs, specifically zkSNARKs, to ensure transactions are not only fast but also secure and private. With zkSNARKs, transaction verification can occur without revealing sensitive information, maintaining user privacy and data security. Furthermore, by submitting proof of transactions to additional chains atop the chosen settlement chain, Prom effectively builds bridges between disparate blockchain ecosystems, facilitating seamless asset and data transfers

The Role of the PROM Token in the Ecosystem

The native token of the Prom ecosystem, PROM, plays a crucial role in maintaining and operating the network. PROM is used as gas for transactions and smart contract interactions, ensuring that all operations are executed smoothly and efficiently. Additionally, PROM serves as a governance token, granting holders the right to participate in decision-making processes that shape the network’s future. This includes proposals and voting on upgrades or changes within the Prom ecosystem. 

Prom’s Advantages: Speed, Security, and Multichain Support

Prom’s commitment to high-speed transactions and robust security, inherited from Ethereum’s Layer 2, makes it an attractive solution for developers and users seeking enhanced efficiency and scalability in blockchain operations. Its multichain support ensures a high level of decentralization and uptime, making it a valuable tool for building more interconnected and efficient blockchain networks.

By utilizing Prom, users not only benefit from improved interoperability but also engage with a community that fosters innovation and further development. Prom opens the door to creating new applications and services that can operate across multiple networks, maximizing benefits for the entire blockchain ecosystem.

For more information, visit the official website of Prom (PROM) at https://prom.io/

Crypto Asset Ranking Information

As of September 18, 2024 the CoinMarketCap ranking of PROM  is #354, with a market cap of USD 92,197,063. It has a circulating supply of 18,250,000 PROM and a maximum supply of 18,250,000 PROM.

How to Buy Prom (PROM) on INDODAX 

Now that you’ve discovered more about Prom (PROM), you can start investing in Prom (PROM) easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy Prom (PROM) crypto asset on INDODAX, follow the steps below:

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for PROM in the IDR market, and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired PROM purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
   

INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.

Let’s invest in Prom (PROM) on INDODAX now!