The Prometeus Network defines itself as a secure and decentralized ecosystem designed to solve real-world problems through data mediation. It is created for Influencer Marketing, Medical, and Insurance data market industries. The Prometeus Network has been developed by Prometeus Labs, a company consisting of data scientists and entrepreneurs.
What is Prometeus (PROM)?
The Prometeus Network introduces new ways of interacting with and profiting from data by feeding the data markets owned by people. The platform uses a peer-to-peer approach to operate beyond any border or jurisdiction. The mission of Prometeus is to return the control of data to its owners and to provide freedom of expression to everyone.
Additionally, the Prometeus Network is open source and public. Participation and usage are free, and no one owns or controls the platform.
Prometeus offers its users 4 fundamental features:
- Transparent: The business logic based on smart contracts distributes all value in a sustainable and transparent way. All transaction information is immutably stored on a public blockchain.
- Privacy and Security: No KYC or any personal identification is required. All data is encrypted while being uploaded to a robust and secure distributed data storage. No one can access the data without purchasing it.
- Immutable: Data on the Prometeus network is stored forever in a distributed data storage.
- Censorship-resistant: By nature, no data on the Prometeus Network can be censored. Censorship is impossible by design. Reputation management is conducted by a self-regulating community.
In addition, depending on the product or desired services, a user may need to deposit or spend a certain amount of PROM tokens. For Ignite, basic services do not require PROM tokens, but a user can spend or pay PROM tokens to access extended services. In Stoa, however, users need to have PROM tokens to share data on the network or access it.
As of the time of writing, the Prometeus coin ranks 459th with a market cap of $63,067,911 according to CoinMarketCap data. Additionally, the Prometeus coin, which trades at 10.30 USD against the dollar, has a 24-hour trading volume of $4,204,233.
Trading against Bitcoin at 0.000194 BTC, the Prometeus coin saw its lowest level at $0.1005 on November 8, 2019, and broke the record at $29.31 on February 19, 2021. Currently, there are 6,120,000 PROM Coins in circulation, and it is stated that this number will reach a maximum of 19,250,000 PROM Coins.
Where to Buy PROM Coin?
PROM Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy PROM Coin, one must first become a member of Binance and then send fiat currency. After sending a fiat currency like USD, one can purchase PROM Coin by buying Bitcoin Binance Coin (BNB) or BUSD and trading in the PROM pair.
Additionally, on Binance, users can place a buy order at a lower price than the market value. To do this, use the Limit tab and enter the amount and price you want to buy.
