The native token, PROM, plays a critical role in network fees, security, and governance, similar to MATIC on Polygon.

Team & Investors

Founders: Experienced blockchain and crypto professionals with expertise in ZK technology, Ethereum compatibility, and distributed high-performance networks.
Key Investors & Partners: Supported by blockchain investors and strategic partners contributing to network security, liquidity, and ecosystem growth.

Purpose & Functionality

• ZK-Rollups: Off-chain transactions are aggregated and verified with a single zero-knowledge proof.

• EVM Compatibility: Deploy Ethereum smart contracts seamlessly.

• Security: Maintains Ethereum-level security.

Prom ensures safe and fast asset transfers and dApp development for both users and developers.

Core Components

• zkNode: Software to run Prom nodes. Supports roles like JSON RPC, Sequencer, and Aggregator.

• zkProver: Produces ZK proofs for multiple batches and combines them into a single validity proof.

• Multichain Bridge: Transfers assets across Ethereum, BSC, Optimism, Arbitrum, and Polygon using Official Bridge and Hyperlane technology.

Governance (Prom DAO)

• Delegates: $PROM holders delegate voting power.

• Validators: Verify proposals and secure network governance.

• Members: $PROM holders can propose and vote on network decisions.

Economic Incentives: Delegates and validators share 32% of network fees, rewarding active governance participation.

Roadmap

• Initial: Deploy Marco devices and validator infrastructure.

• Mid-Term: Integrate energy, agriculture, logistics, and climate data.

• Development: Expand dApps and cross-chain bridge integrations for multichain support.

PROM Token

• Total Supply: 19.25M PROM
  Max Supply: 19.25M PROM
  Circulating Supply: 18.25M PROM

Token Utility:

• Gas Fees: Transactions and smart contract execution.

• Governance: Participate in Prom DAO.

• Network Access: Use Prom services and applications.

• Validator Participation: Run a node to support the network.

Token Allocation:

• Team & Advisors: 5.19%

• Company Reserve: 15.58%

• Private Investors: 18.18%

• Reserved for Minting: 46.75%

• Ecosystem: 5.19%

• Public Sale: 3.86%

• Liquidity Pool: 5.23%

Ecosystem & Features

• zkNode: Ensures node operation, transaction verification, and network synchronization.

• Multichain Bridge: Supports Ethereum, BSC, Optimism, Arbitrum, and Polygon.

• High Speed & Low Fees: ZK-Rollups reduce costs and increase throughput.

• EVM Compatibility: Existing Ethereum dApps work seamlessly.

Supported Chains

• Ethereum

• Binance Smart Chain (BSC)

• Optimism

• Arbitrum

• Polygon

Official Links

• Website
• Twitter
• Telegram
• Youtube

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The post What is Prom (PROM) ? appeared first on Coin Engineer.

Shibarium Bridge Flash Loan Attack Details 

On September 14, the Shibarium cross-chain bridge became the target of a sophisticated flash loan attack. The hacker borrowed 4.6 million BONE tokens and gained control of 10 out of 12 validator signing keys, achieving a two-thirds majority. Using this power, the attacker attempted to withdraw approximately 224.57 ETH and 92.6 billion SHIB. 

Shiba Inu developers acted quickly to suspend staking and unstaking functions, locking the BONE tokens and removing majority control from the attacker. In addition, the hacker held about $700,000 worth of KNINE tokens from the K9 Finance DAO project. The K9 Finance DAO denylisted the attacker’s address to prevent KNINE token liquidation. LEASH, ROAR, TREAT, BAD, and SHIFU coins were also affected but have not been moved or sold. 

UPDATE 13/09/25

What we know so far about the recent incident

How the exploit was executed:

• The attacker used funds from the bridge hack in the same block as the attack to acquire 4.6M BONE to temporarily gain validator voting power, attempting to do it in one… https://t.co/4Ft1VMxeBv

— Shib (@Shibtoken) September 13, 2025

Developer Actions and Security Measures 

The Shiba Inu team secured investor funds by transferring them from proxy contracts to a multisig cold storage wallet. They collaborated with security firms Hexens, Seal911, and PeckShield to conduct a thorough investigation. The developers confirmed that the 4.6 million BONE tokens remain locked, and all validator assets are secure. They continue monitoring and freezing attacker-linked funds while preparing a full incident report. 

Market Impact and Token Performance 

Despite the attack, BONE token surged by 40% while SHIB gained over 8%. These movements reflect investor confidence following the team’s rapid intervention. The Shibarium attack highlights DeFi ecosystem risks, but Shiba Inu’s swift measures ensured all funds stayed safe. 

 You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Shibarium Shiba Bridge Hit by $2.3M Flash Loan Attack! appeared first on Coin Engineer.

Mango Network (MGO) is a pioneering project aimed at supporting the development of decentralized applications in the Web3 space by providing a modular data and AI infrastructure. It offers scalable, privacy-focused, and efficient solutions for developers and users alike. Mango Network (MGO) is a high-performance Layer 1 blockchain supporting both MoveVM and EVM.  

Mango Network aims to create a fully functional blockchain network supporting cross-chain communication by combining OPStack and MoveVM technologies. The network operates on a two-layer architecture: Mango Move (L1) is responsible for security, while OP‑Mango (L2) enhances transaction speed and reduces costs. This setup offers an optimized experience for both developers and users.  

Project Concept  

Mango Network’s vision is to achieve L1 security + L2 speed using MoveVM, providing high efficiency and low costs for applications such as DeFi, gaming, and digital assets. This structure forms a solid foundation for various applications including DeFi protocols, GameFi projects, NFT marketplaces, and AI-powered dApps. It also supports cross-chain communication, enabling data and asset transfers between different blockchains.  

Mango Network Team  

The project is developed by blockchain engineers experienced in MoveVM, OPStack, and layer-2 solutions. They follow an open-source, transparent, and community-focused approach.  

Investors and Strategic Partners  

Mango Network has attracted early interest from Asia-based investment funds. The listing and integration on Gate.io strengthened the network’s liquidity and market access. Mango Network has secured $13.5 million in funding from leading investors including Kucoin Ventures, CatcherVC, Tido Capital, Connectico Capital, Becker Ventures, Ainfra Ventures, and Tfund.  

Mango Network Roadmap  

Period , Developments  

• H2 2022 , Team formation, architectural design started  
• H1 2023 , Mango Move PoC completed  
• Q3 2023 , Mango Network testnet launched  
• Q4 2023 , Testnet refinements, mainnet preparations  
• H1 2024 , Testnet incentives, PASS economic model, global education programs  
• Q3 2024 , Mango Foundation established, tokenomics shared, GameFi & RWA support  
• Q4 2024 – H1 2025 , Mainnet launched, TGE completed, popular apps live  

Ecosystem  

• Move-based dApps  
• NFT marketplaces  
• DeFi protocols (staking, lending)  
• GameFi applications  
• Cross-chain DEX integrations  
• SDKs and support programs for developers  

MGO Tokenomics  

Total Supply: 10 billion MGO  

Distribution:  

• 20% PoS Stake Pool  
• 20% Foundation  
• 17% Ecosystem Fund  
• 15% Team & Early Contributors  
• 15% Investors  
• 5% Mainnet Airdrop  
• 5% Testnet Airdrop  
• 3% Advisors  

Vesting Plan: 
Token distribution follows a 7-year gradual vesting schedule. 10% of tokens are distributed via airdrops in two phases: testnet and mainnet.  

Mango Network Features  

• Dual-layer architecture (L1 security + L2 speed)  
• MoveVM support  
• OPStack compatibility  
• Cross-chain communication infrastructure  
• Multi-VM support  
• High TPS, low transaction fees  

How Mango Network (MGO) Works  

Dual Layer Architecture:  

• L1 (Mango Move): Provides security and data integrity  
• L2 (OP-Mango): Offers fast transactions at low cost  

1. Multi-Virtual Machine Support: Compatible with both MoveVM and EVM applications  
2. Cross-Chain Compatible: Enables data and asset exchange with other networks  
3. Developer-Friendly: Provides flexible smart contract infrastructure  
4. Efficient Transaction Process: High volume, low-cost transactions  

Partnerships and Exchanges  

As of June 24, 2025, Mango Network is listed on major exchanges such as MEXC, KuCoin, and Bitget. These listings have increased the token’s liquidity and attracted more investor interest. Mango Network (MGO) token is also available on Binance Alpha.  

Social Media and Community Channels  

• Twitter
• Telegram
  
• Discord
• Website

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$AVAIL Airdrop Opportunity on Binance Alpha 

Users with over 243 Binance Alpha points earned the right to receive a total of 2,667 $AVAIL tokens via airdrop. To claim their tokens, users must spend 15 Alpha points. The airdrop takes place in two phases: 

• Phase 1 (First 18 Hours): Users with at least 243 Alpha points can claim the airdrop. 
• Phase 2 (Last 6 Hours): Users with at least 199 Alpha points can participate in the airdrop on a first-come, first-served basis until the airdrop pool is fully distributed or the event ends, each receiving 2,667 $AVAIL tokens. 

What is $AVAIL? 

$AVAIL is a token listed on the Binance Alpha platform that offers innovative solutions in the Web3 ecosystem. Primarily used in decentralized finance (DeFi) and gaming projects, $AVAIL facilitates platform transactions and plays a role in staking, governance, and reward mechanisms. 

With trading competitions and airdrops on Binance Alpha, $AVAIL gives users early access and investment opportunities, attracting investors with its fast-growing token economy. 

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The post Binance Alpha Announces Two New Listings! Details appeared first on Coin Engineer.