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Prometeus Coin is a data-driven DeFi mission. The Prometeus Community (PROM) is a totally decentralized mission that goals to unravel real-world issues in information brokerage.
PROM is Prometeus’ native utility token.
Test the Prometeus present value, market cap, circulating provide, buying and selling quantity, historic costs, and so forth., together with in-depth info on a number of of the largest and fastest-growing cryptocurrencies on CoinStats, among the best crypto platforms round.
CoinStats is a cryptocurrency analysis and portfolio tracker app that gives funding recommendation and precious info on cryptocurrencies, together with the most recent information, to assist traders make higher selections.
Learn on to study all the things you should know concerning the Prometeus Community, the Prometeus Coin (PROM), and tips on how to purchase Prometeus Coin.
Let’s get proper to it!
What to Know About Prometeus
The Prometeus Community is the brainchild of Prometeus Labs. Prometeus Labs contains a group of extremely expert information scientists and entrepreneurs with an intensive background in blockchain & cryptography, synthetic intelligence (AI), adtech, huge information, and information brokerage.
The Prometeus Community describes itself as a safe and decentralized ecosystem that goals to unravel real-world issues in information brokerage. Particularly, the community was designed as a decentralized and censorship-resistant framework for the Influencer Advertising and marketing, Medical, and Insurance coverage information market industries.
The Prometeus ecosystem helps bridge the hole between privateness, social interplay, and information trade.
Prometeus goals to attach information suppliers to information customers, letting them share information throughout borders and limitations utilizing public blockchain applied sciences. It applies a peer-to-peer strategy and a blockchain-based infrastructure that communicates worldwide with out censorship.
Not solely is that this information buying and selling answer open-source, nevertheless it’s additionally public. The community boosts people-owned information markets, together with Influencer Advertising and marketing and Insurance coverage information market industries.
Prometeus has a number of merchandise geared towards information brokerage and designed to guard the best to personal information trade.
One of many merchandise is Stoa—a knowledge trade platform that enables folks to get rewards for promoting their companies or private information.
One other product is Ignite, a decentralized and censorship-free microblogging service.
The Prometeus Community makes use of Good Contracts to distribute worth throughout the ecosystem transparently and sustainably. The community shops info from transactions on a public blockchain or distributed information storage.
PROM, Prometeus’ crypto coin, was first tradable on July 17, 2019. As of writing this text, it’s ranked the 296th crypto coin on the planet by market cap, and the Prometeus value is $12.03. At the moment, PROM has a complete provide of 19,675,172, a market capitalization of $231,595,782.59, and a circulating provide of 16,449,996.
Please word that you simply can’t buy Prometeus (PROM) straight with fiat cash. You’ll want first to purchase Bitcoin from a fiat-to-crypto trade after which switch to an trade that gives market entry to PROM. After that, you’ll be able to promote bitcoins to purchase PROM and begin buying and selling.
What to Think about Earlier than Shopping for Prometeus
Nevertheless, understand that cryptocurrencies aren’t regulated and are extremely unstable. Nearly all of cryptocurrency exchanges have confronted a number of cyber-attacks and hacks prior to now, so it’s important to do your analysis and take into account the dangers before you purchase PROM or some other tokens.
At any time when investing in cryptocurrency tokens, together with PROM, it’s vital all the time to take a position what one can afford to lose.
Beneath, we’ll focus on some vital elements it’s best to take into account earlier than shopping for Prometheus:
Don’t Purchase Prometeus (PROM) Cash With out Enough Analysis
You’ve ever heard of FOMO? It merely means the concern of lacking out and is the best approach to lose your cash.
For those who discover the coin’s value spiking immediately, you shouldn’t rush into shopping for it out of the concern of lacking out. As a substitute, discover out the rationale for the spike and decide if investing within the coin is wise.
At all times spend time doing your individual analysis on the coin earlier than investing.
Use Common Exchanges
There’s all the time the danger of getting scammed in cryptocurrency buying and selling. Subsequently, we advise that you simply persist with well-known crypto exchanges to get rid of the danger of shedding your cash to fraudsters.
Particularly, it’s best to commerce PROM on respected and safe cryptocurrency exchanges.
Easy methods to Purchase Prometeus
Comply with our step-by-step information to purchasing Prometeus:
Step #1: Register on Fiat-to-Crypto Trade
Step one it’s important to make to purchase Prometeus (PROM) is to decide on a Fiat-to-Crypto trade that accepts credit score, debit, or financial institution switch and register on it.
Think about our recommendation to go for the most well-liked exchanges, which even have aggressive buying and selling charges.
Binance and Coinbase are the 2 most commonly-used exchanges for fiat deposits with aggressive buying and selling charges.
Now, let’s focus on the 2 exchanges and assist you choose the one which fits your wants.
Binance
Firstly, let’s discuss registering on Binance—a highly regarded cryptocurrency trade that has solely been round since 2017 however has shortly change into a family title within the crypto world. Furthermore, Binance is the highest cryptocurrency trade (globally) by buying and selling volumes.
Let’s focus on the processes of registering on Binance beneath:
Go to Binance’s Web site
First, go to Binance’s web site. Tip: Be sure that you’re on the unique web site by searching for the ‘Safe’ certificates in your deal with bar. Bookmark it for future use.
Fill In Your Private Data
Discover the “Register Now” tab on the web site’s homepage and fill in your particulars, resembling your cell quantity or e mail deal with. Be sure that your info is legitimate, simply accessible, and safe.
Additionally, you’ll want to decide on a powerful password to your new account. The cryptocurrency trade requires that your password consists of no less than 8 characters, 1 quantity, and 1 uppercase.
After registering, you’ll obtain a 6-digit verification code through your e mail or cell quantity. Moreover, you’ll want to supply a sound ID to finish the registration course of.
Set Up 2-Issue Authentication (Non-obligatory)
Binance usually recommends utilizing two-factor authentication (2FA) after your first login. Whereas this step is optionally available, we suggest it for maintaining your account safer from assaults.
Coinbase
Coinbase, which has been round since 2012, is the second-largest crypto trade globally by quantity and the proper alternative for learners, because of its user-friendly web site.
Beneath, we’ll stroll you thru the method of registering on Coinbase:
Go to Coinbase’s Web site
First, go to Coinbase’s web site and make vital checks to verify you’re on the unique web site.
Enter Private Data
You’ll discover a tab that requests your e mail deal with on the homepage. Enter your deal with and click on on the ‘Get Began’ tab. The web site will then ask to your first title, final title, e mail deal with, and password. Be sure that you select a powerful password that guarantees sturdy safety.
After clicking on the ‘Create Account’ tab, you’ll obtain a affirmation e mail. Click on on the hyperlink throughout the affirmation e mail to verify your new account.
Then, Coinbase would require you to arrange 2FA with a sound cell quantity for an additional layer of safety. Moreover, the crypto trade requires you to confirm your id.
When you full this course of, your new account is up and working.
Step #2: Shopping for Your First Bitcoin (BTC)
After a sound registration on a fiat-to-crypto trade, now you can purchase Bitcoins. Whereas shopping for Bitcoin varies from trade to trade, they’re largely related.
For instance, Binance permits you to switch cash to your crypto pockets straight through your checking account utilizing SWIFT cash switch. Alternatively, you’ll be able to fund your account utilizing your credit score or debit card as a fee methodology, because of Simplex.
Shopping for Bitcoin on Binance is sort of simple. Click on on the ‘Purchase Crypto Tab’ and select the fiat foreign money, say US {dollars}. For those who’re shopping for with credit score or debit playing cards, click on on the ‘Credit score/Debit card’ tab, and also you’ll be taken to the subsequent web page. Choose BTC and the quantity you need to purchase, after which click on on the ‘Purchase BTC.’
Double-check your order particulars, learn the disclaimer and Phrases of use, affirm your order, and click on ‘Go to Cost.’ You’ll have to fill in your card particulars and vital info, then click on ‘Pay Now’ and let the web site confirm your particulars.
When you full the verification course of, your Binance account can be credited with the bought BTC.
Step #3: Select an Altcoin Trade
Since Prometeus (PROM) is an altcoin (a coin that’s not Bitcoin), you’ll have to switch the bought BTC to different exchanges that enable buying and selling PROM.
Not many crypto exchanges commerce in Prometeus coin, however Binance listed PROM in November 2020.
So, in the event you purchased BTC on Binance, you don’t want an altcoin trade. Nevertheless, in the event you purchased it on Coinbase, you’ll want an altcoin trade as a result of it doesn’t present market entry to PROM. Fortunately, many different platforms help PROM.
For those who purchased your BTC on Coinbase, you could possibly go for Binance as your altcoin trade.
Different high different platforms embrace:
Gate.io
Gate.io is a well-established firm based in 2007. It’s one of the common crypto exchanges to commerce altcoins and boasts an enormous variety of buying and selling pairs.
Gate.io is an American crypto trade and a pleasant alternative for US-based traders excited by Prometeus (PROM). So, in the event you’re within the US and need an trade that gives a number of buying and selling pairs, Gate.io may be an ideal alternative.
KuCoin
KuCoin is a Singapore-based crypto trade launched in Hong Kong in 2017. With an enormous person base that has grown over 8 million in solely 4 years, this trade has gained the belief of a number of merchants. So, KuCoin looks like a worthy alternative in the event you want an altcoin trade to purchase Prometeus (PROM).
ZT
ZT is principally a crypto-to-crypto trade that helps a variety of altcoins, together with PROM. The trade is safe and controlled, so you’ll be able to simply switch your BTC to ZT to purchase PROM.
Step #4: Deposit BTC to Trade
After choosing an altcoin trade that trades PROM, you’ll need to deposit BTC to that trade. As we talked about earlier than, in the event you purchased your BTC from Binance, there’s no want for an altcoin trade. Binance helps PROM, so you’ll be able to proceed to purchase the coin by means of the trade.
Nevertheless, in the event you purchased your BTC on an trade that doesn’t help Prometeus (PROM), you’ll need to deposit BTC to an altcoin trade. Respective altcoin exchanges have completely different Know Your Buyer (KYC) processes, and your chosen trade will very doubtless request you to confirm your id.
When you’re carried out with the id verification, you’ll acquire full entry to your trade pockets. You’ll normally discover a field with a string of random numbers in your pockets. These numbers point out your BTC deposit deal with—your pockets’s public deal with.
For those who’re depositing BTC from Coinbase, copy your deal with in full. Then, go to the trade’s Portfolio web page, click on on BTC on the asset checklist, and click on on ‘Ship’ on the best aspect of your display. Your BTC can be in your altcoin trade very quickly, and also you’ll be prepared to purchase Prometeus (PROM).
Step #5: Purchase Prometeus (PROM)
Now, you’re all set to purchase Prometeus (PROM) with the Bitcoin you despatched to your altcoin trade pockets. Upon getting the Bitcoin in your pockets, choose a “BTC” pair and enter “PROM” within the search bar.
Discover the coin, click on on it, and also you’ll discover a value desk of PROM/BTC. Go to the “Market” part, which is essentially the most simple kind amongst shopping for orders, and select the portion of your BTC you need to spend on shopping for Prometeus (PROM). Lastly, click on on the “Purchase PROM,” and you’ve got bought your Prometeus coin!
Observe that whereas in Europe, you’ve got the benefit of shopping for cryptos simply and shortly. Europe has even on-line banks that assist patrons open an account and switch cash to crypto exchanges.
Step #6: Purchase a Pockets (Non-obligatory)
It’s best to securely retailer PROM in a pockets in the event you plan on holding it for prolonged durations.
Some crypto exchanges provide their very own crypto wallets, however there have been many hacking incidents prior to now few years, and funds have been misplaced, making a software program or {hardware} pockets a greater choice for a lot of.
There are many software program wallets downloadable free of charge from the App Retailer or Google Play. Software program wallets save your private and non-private deal with on-line and defend it towards hackers. Though these wallets provide sturdy safety, they’re nonetheless susceptible as a result of they retailer info on-line.
Nevertheless, in the event you want a safer different, you should buy a chilly pockets, often known as a {hardware} pockets. {Hardware} wallets retailer your personal keys offline, thereby excluding the possibilities of a hack.
Think about additionally the paper pockets, a kind of free chilly pockets to retailer PROM.
Why You Have to Purchase Prometeus (PROM)
To make use of the safe and decentralized ecosystem of Prometeus and profit from its companies, you’ll want PROM, Prometeus’ native utility token. PROM serves as a way of fee for companies in Prometeus-based functions resembling Stoa and Ignite. You can too commerce Prometeus (PROM) and stake the PROM to take part within the Proof of Staked Authority (PoSA) community consensus and obtain PROM rewards in return.
Nevertheless, investing in cryptocurrencies includes important dangers resulting from their volatility. Think about your individual circumstances and procure your individual recommendation earlier than counting on this info. You must also perform your individual analysis, together with the authorized standing and related regulatory necessities, and seek the advice of the related regulators’ web sites earlier than making any determination.
This content material is for informational functions solely and doesn’t present monetary recommendation, funding recommendation, or some other sort of recommendation.
Closing Ideas
To sum up, you’ll have to purchase BTC first earlier than shopping for PROM. And, in case your trade doesn’t help PROM, you’ll need to switch the BTC to an altcoin trade that gives market entry to the coin.
When you’ve determined to purchase PROM, you’ll be able to observe the steps described above for a seamless expertise.
We hope this text has helped you find out how, the place, and why you should purchase Prometeus.
You can too study extra about blockchain and cryptocurrencies, together with “Easy methods to Purchase Pirate Chain,” and so forth., on our web site!
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