PRIZM (PZM)
Rank #1165
Market snapshot
- Price
- N/A
- Market cap
- N/A
- 24h volume
- N/A
- Circulating supply
- N/A
- Total supply
- N/A
- Max supply
- N/A
What is PRIZM?
PRIZM is designed to facilitate transactions and promote its adoption through a system known as Paramining. This innovative feature allows users to generate new coins by simply holding at least one PRIZM coin in their wallet, thus encouraging participation and engagement within the network.
How PRIZM works
The Paramining principle underpins the generation of new monetary units in the PRIZM network. When a user purchases a PRIZM coin, it activates the process of creating new coins, which occurs as long as the coin is held in the user's wallet. This mechanism is intended to incentivize users to engage with the currency actively. Additionally, the PRIZM Blockchain Explorer provides a platform for users to track transactions and network activity.
Key information
- Symbol
- PZM
- CMC rank
- #1165
- Network / platforms
- N/A
- Categories
- Proof of stake
- Date added
- May 19, 2017
Key characteristics
PRIZM operates on an open-source design, allowing anyone to participate in its ecosystem. It is categorized by CoinMarketCap under marketplace, proof-of-stake, and IoT tags. The Paramining system is highlighted as a unique feature that distinguishes PRIZM from other cryptocurrencies.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is PRIZM?
- PRIZM (PZM) is a cryptocurrency that incorporates a unique Paramining system for promoting its use and adoption.
- How does PRIZM work?
- PRIZM operates on a Paramining principle where holding at least one PRIZM coin in a wallet leads to the generation of new coins.
- What are the technical characteristics of PRIZM?
- PRIZM is an open-source cryptocurrency categorized under marketplace, proof-of-stake, and IoT by CoinMarketCap.
- What are the risks associated with transferring PRIZM?
- Users should verify the asset and network before transferring assets and understand that transfers may be irreversible.
- Where can I find official resources for PRIZM?
- Official resources for PRIZM include its website at https://pzm.space/en/ and its documentation at https://prizm.gitbook.io/.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
