PRIZM is a fully decentralized self-regulatory cryptocurrency based on a unique technology Paramining. Based on the eco-friendly consensus algorithm Proof-of-Stake from the very beginning, it claims to provide its users with such benefits as fast transactions and easy conversion to other digital currencies on a global P2P system Prizm.Store. Initially, there have been issued 10 million PZM tokens with the plan to reach the final amount of 60 trillion PZM in 500 years. PRIZM is an open-source project based on the NEXT core utilizing the Java language. The PRIZM creators made their own modifications of the PoS algorithm implementing the paramining feature into it. Unlike PoW (Proof-of-Work) cryptocurrencies that require high energy consumption, those projects that are based on PoS don’t need any special equipment. New coins are simply created by the nodes and serve as a reward for supporting the network infrastructure. PRIZM adds a new feature to this algorithm named Paramining which implies granting additional bonuses to the wallets that attract new users. Paramining works on any PRIZM wallet with a balance of more than 1 PZM and stops when it reaches 1 million PZM. Wallet owners get their personal referral links to invite new participants into the network and get a reward for that. This is exactly the MLM scheme, the way it is, and the most interesting thing about this project is its longevity. Launched back in 2016 with all the signs of a Ponzi scheme, it is still working at the time of writing. There is no proven information about the team standing behind the project, no verified location and no roadmap for its future development. The project’s page on Linkedin is empty and the main link to the website doesn’t work which also makes the project look untrustful. At the time of writing, the token PZM is available for trading on a few minor exchanges such as BTC-Alpha and Hotbit with symbolic trading volume. The blog post released on PRIZM website in November 2017 identifies Alexei Muratov as the project’s founder. Before Prizm, he was involved in the MMM Global Ponzi scheme and was even arrested by Indian authorities in 2013 for scamming local investors.Read More
Today's Prizm price is $0.343641, which is down 4% over the last 24 hours. Prizm's market cap is $170.75M. 24 hour PZM volume is $285,588. It has a market cap rank of 38 with a circulating supply of 496,892,516 and max supply of 6,000,000,000. Prizm is traded on exchanges. Prizm had an all-time high of $0.779650 about 1 month ago. Over the last day, Prizm has had 0% transparent volume.