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What is PRISM coin and how does it work?

by Financial Economy

PRISM is a decentralized DeFi aggregator in Solana with a simple interface that finds and offers the best price to the user and automatically routes transactions between multiple liquidity sources. PRISM is the native token of the platform. Information about some topics that what is PRISM coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for information about Chiliz (CHZ) coin.

What is PRISM coin and how does it work?

Prism is a derivatives protocol that allows users to mitigate the risks associated with highly volatile prices and volatile returns in the crypto market. The protocol does this by dividing digital assets into 2 separate components: the yield and the principal component.

Prism Network is a Universal DeFi service hub with its own bridging and cross-chain infrastructure serving projects on Ethereum, Binance Smart Chain, Polygon, TomoChain and xDAI via the cross-chain token PRISM. It is a fully equipped decentralized exchange with an advanced and at the same time user-friendly interface with an advanced order book. PRISM is the native token of the platform.

Prism Token usage areas!

  • Governance users contribute to platform-related decisions with the PRISM Token.
  • Users who stake PRISM receive discounts on trading fees on the platform.
  • PRISM token holders also get tickets for events on the platform and the right to participate in contests.
  • 20% of reward transaction fees are sent to token holders.

Which exchange is PRISM coin on?

PRISM coin is listed on some cryptocurrency exchanges such as FTX, Gate.io, Jupiter, Raydium, etc.

How to buy PRISM coins?

PRISM token can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

PRISM coin supply!

Total and maximum supply of PRISM coin is PRISM.

PRISM coin price!

As of October 24, 2022, at the time of the writing, 1 PRISM Token price is around $0,0053 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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