PRISM Protocol is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of PRISM Protocol are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
About PRISM Protocol
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review PRISM Protocol token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
What is PRISM Protocol ?
PRISM is a revolutionary derivatives protocol that introduces new asset classes in DeFi, allowing users to manage the risks associated with volatile prices and unstable yields in a simple and capital-efficient manner.
PRISM achieves this by refracting digital assets into two distinct parts: a yield component and a principal component.
Currently, investors in digital assets have inadequate ways to raise capital or access liquidity with their holdings. Many choose to pledge these assets as collateral to borrow against their value. Stories of mass liquidations regularly punctuate newsfeeds given typical crypto market volatility and the usual overcollateralization requirement for these secured loans.
PRISM innovates on these inefficiencies and enables users to raise liquidity instantaneously by selling their future yield for a period of their choosing and effectively borrowing against that future yield. Users no longer face any liquidation risk and can maintain a liquid instrument that can be freely traded or deployed elsewhere in DeFi.
PRISM Protocol Supply
There are 70,000,000.00 PRISM in supply worldwide.
Pros and Cons of PRISM Protocol
Pros of PRISM Protocol
- There is a surge in the market price currently
- There is a community (Twitter)
- Contract on Terra
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – PRISM Protocol
Cons of PRISM Protocol
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- Project whitepaper unavailable
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is PRISM Protocol Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, PRISM Protocol have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is PRISM Protocol Safe?
Being willing to invest in any token is a question entirely up to you to answer. PRISM Protocol token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about PRISM Protocol on the comment section below. Don’t forget to rate and leave a review.