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

Also, you can 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 What is Prom (PROM) ? appeared first on Coin Engineer.

How to Earn Blast Points and Gold

The project posted today on X that users must complete specific actions to be qualified for the airdrop and that dapps must give users before 8 a.m. on June 25 ET reward incentives, including Gold and Points.

According to its note, the project plans to deliver half of the airdrop to developers using Blast Gold and the other half to early users using Blast Points depending on wallet and dapp balances.

The project says, “50% of the Blast Airdrop is allocated to Blast Points; users’ wallets will automatically earn Points based on their balances.” Blast Gold is meant to be used as an incentive for the expansion of Dapps in the meantime. The project noted: “This means that Dapps should give 100% of any Gold they earn to their users.”

Blast Airdrop Eligibility and Requirements

Users must additionally log into their Blast dashboard using the qualified EOA at least once to be included in the airdrop.

Blast advised: “If you are a user and your EOA has Points or Gold, you must have signed into your Blast dashboard with that EOA at least once (either by receiving an invite or linking it to an existing account) in order for it to be included in the airdrop calculations.”

Originally projected to take place in May, the project revealed a delay a delay last month and said the allocation would be changed to reflect this.

Designed by Blur founder Tieshun Roquerre, Blast went live in early access mode in November 2023. Data from DefiLlama shows that although the total value locked on Blast at the time of publication was $2.09 billion, on June 6, it reported $2.3 billion.

Moreover, lately, blast-based games have been really popular. Based on great success on its testnet, the crypto trading card game “Fantasy” launched on the Blast mainnet in April. Based on daily fees earned, the protocol ranked last month among the top 10 platforms.

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 Blast’s Airdrop Begins Next Week: Here’s How to Qualify appeared first on Coin Engineer.

More than 10 Million OP Distributed to Wallets!

Optimism, managed to make its users smile with the post it made last night. Layer-2 network Optimism announced that the fourth airdrop distribution has taken place.

The distribution involves the distribution of over 10 million OP to more than 22 thousand wallets. This amount corresponds to approximately 41 million dollars in value.

The Airdrop took place under the title of “A big community needs artists.” as the reward for their productivity on the Optimism network over the past year.

In the additional announcement made, it was stated that it is the first airdrop event on Optimism’s Superchain.

1/ Create together, and benefit together. That’s the Superchain.

Today, @Optimism unveils Airdrop #4.

Allocating 10M+ OP to over 22k unique addresses.

Read more about how to claim here: https://t.co/smGLcc4yID pic.twitter.com/E8YUGFo8gW

— Optimism (@Optimism) February 20, 2024

There Was Also Mention of Those Who Missed The Surprise Distribution!

In the sharing made, it was also referred to users who missed the fourth airdrop event. The Optimism team shared that distributions will take place throughout the Superchain and there is 560 million OP left for future airdrop events.

Click here to check if you have won a reward and collect your rewards!

In recent periods, OP, which has managed to maintain its popularity, managed to rise to the $4.2 level with the post titled “Optimism (Optimism) always wins.” made from X’s official account yesterday and the surprise airdrop news that came in the evening. It is trading at the $3.7 level at the time of writing.

The post Optimism Has Carried Out Its Fourth Airdrop Distribution! appeared first on Coin Engineer.

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Armstrong aims to accelerate their platform by integrating into fast layer-1 networks like Bitcoin’s Lightning and Solana. However, he emphasized that there is no plan to issue a token for the company’s layer-2 network, Base.

Coinbase is in the effort of integrating its Base network with various applications and it is stated that developers are excited about working with layer 2. Armstrong noted that improvements need to be made on the Base network to reach the goal of average transactions “under a second and a cent.”

The Solana integration of Coinbase and its targets reflect the company’s efforts to make crypto transactions faster and more efficient. These steps can be seen as part of Coinbase’s strategy to increase its competitive advantage and optimize the user experience.

The company’s focus on layer-2 solutions and improving the Base network aims to further optimize the user experience.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Solana News from Coinbase CEO Brian Armstrong! appeared first on Coin Engineer.

According to the announcement, developers will now be able to access the core code that enables various processes, also including contracts and other deployments. In its statement, Base said, “We ensure that we fulfill our commitments by openly sharing our work and allowing the community to track our progress.”

“This transparency also serves as a catalyst for collaboration, as it allows developers to benefit from our knowledge base and improve what is already available. It also provides a channel for valuable feedback from the community, whether to improve documentation or identify an overlooked error.”

Along with this, Senior Software Engineer at Base Anika Raghuvanshi,

“Supporting open source has been one of our fundamental principles since we announced the test network at the beginning of the year.”

“Our goal is to be decentralized, permissionless and open to everyone. We joined Optimism as a Core Developer at Open Source OP Stack and using Base’s contracts and front-ends open source is a continuation of our commitment to building public technology.”

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Smart Contract Transparency

The Base Network team aims to provide developers with more transparency in development by using smart contract repositories as open source. Additionally all contracts are now public on GitHub, providing information on various chain-based actions ranging from contract deployments to upgrades.

The use of open source is an important concept in the crypto industry and is a critical part of this concept. Also this process provides transparency over operations and allows for community-based auditing, allowing security vulnerabilities to be seen and corrected more quickly.

In the comment section, you can freely share your comments about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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