Built using the Polygon CDK, Prom is a layer 2 optimized for scalability, low fees, and a smooth user experience across decentralized applications. Prom guarantees efficiency and privacy by using zkSNARKs to facilitate quick and secure transactions without disclosing sensitive information. It provides developers with a solid foundation to create a variety of dApps while maintaining performance and decentralization.
Polygon CDK is a framework that allows projects to develop their ZK-based chain with native Ethereum compatibility.
Stay turned with the latest news and updates by joining us on Twitter.
— @GuardaWallet
What differentiates Prom's architecture is the following:
Cost-Efficiency and Scalability: Prom significantly lowers transaction costs while increasing scalability by utilizing zkSNARKs technology.
Peak Performance: Prom raises the bar for transaction speed and scalability using Polygon Zero’s ZK-proof technology.
Strong Security: Prom guarantees the best possible data integrity and transaction rates.
Core Features of $PROM
$PROM is fundamental to Prom’s ecosystem operations.
Governance: You have decision-making authority thanks to your $PROM, which helps shape Proms’s future.
Transaction Power: $PROM ensures that contracts and transactions go quickly and smoothly.
Prom DAO for $PROM Holders
A decentralized governance system called Prom DAO was created to provide $PROM token holders with direct control over the network’s destiny.
To guarantee efficient decision-making and widespread involvement, it employs a role-based governance architecture that assigns duties to Members, Delegates, and Validators.
Members: Every $PROM holder can vote on decisions, suggest projects, and influence the network.
Delegates are dependable agents whose members give voting authority to represent their interests in the DAO.
Validators: In charge of confirming if suggestions align with the Prom’s long-term goals. Prom DAO allows transparent group decision-making on important network upgrades and enhancements. To promote cooperation within the community, token holders assign voting power by locking $PROM tokens, and 32% of network fees are distributed as rewards to Delegates and Validators.
Prom dApps and future developments
With its initial dApps, Prom’s ecosystem is already taking shape. v60 is a decentralized exchange (DEX) based on Prom that enables users to trade tokens effectively, supply liquidity, and generate passive dividends.
With a Telegram MiniApp as an additional feature to interact with the community, Rekt. me is a meme launcher on the Prom network.
Galar Protocol is a next-generation options platform designed to empower DeFi investors with institutional-grade yield strategies across all market conditions.
Prom has also recently launched the Prom Grants Program for builders who want to build on top of Prom’s Layer 2.
