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PRIZM cryptocurrency based on NXT engine for networkers
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space

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PRIZM cryptocurrency based on NXT engine for networkers
« on: July 25, 2017, 05:08:10 pm »

PRIZM: Meet The New Generation Cryptocurrency

We consider NXT as the best engine for today. The future is for sure in POS, and I'm sure NXT will overrun many of the top cryptocurrencies that will be rebuilt from POW to POS. Mainly, for this reason, we took the NXT engine as the basis. Mission of Prizm is to oust $. We have tried to take all the best and remove all the disadvantages that today's top crypto-currencies have.

Please, find our source code (PRIZM CORE) on github - prizm.space
and whitepaper is on site - prizm.club
Also search for us on coinmarketcap

1. The speed of confirmation of all transactions is up to 1 minute, and not - hours like in Bitcoin.
2. Any grandmother on her 4th Pentium can forge blocks (create blocks). Mining farms are not required for this. Blockchain of Prizm is much lighter. A fixed commission, which goes to the forgers automatically when they create the blocks, excludes the possibility on their part - to postpone transaction confirmations due to a low commission. That means, Prizm completely excludes the “human factor” compared to Bitcoin.

3. The unique ParaMining system in Prizm - is the only one nowadays, a truly decentralized referral system, registered in the blockchain. All these hundreds of coins which claim to be decentralized and with the referral system - are simply HYIPs. One does not need to be wise to distribute coins within the structure out of pre-mined coins, in fact, in manual mode. People are already tired of the owners of such projects, their programmers, admins, those technical supports, audit revision controls, servers, software and other shit. That's why fully decentralized projects on blockchain are having such a success. No need to trust someone, someone’s word. That's why please check Prizm source code, install the node, and download the blockchain. Learn. Prizm is the best today and you can see it by yourself.

4. To maintain the system, you do not need anything at all, not the programmers,  not the audit control structures, not the technical support, not any admins, servers etc. Nothing at all. The system is supported by the participants themselves - who install a node (means, download the blockchain) and create new blocks in which all transactions are recorded. Already now, there are dozens of installed nodes in several countries and it is already enough for everything to be working like a clockwork. With development of the system there will be more and more. To install such a node is of benefit for users because, the one who creates the block receives an automatic commission from the transactions that are registered in this particular block.
Everyone will want to install such a node and create blocks (“Forge blocks”), because one does not need a mining farm for it, just a simple computer. The crypto currency PRIZM itself and the system of its work are fully automatic and exclude the “human factor”, since no one is needed for it to be fully functioning.
You will be having all PRIZM coins in their wallet, and only they personally can manage them. The wallet is very simple, all passwords are not transferred anywhere and are stored only on the client side. Billions of participants can use the system and not even one person needed to service and support its work.

5. PRIZM is 100% PoS. Total premining issued is 10 million coins. It is partially distributed to top leaders of the International Movement CWT (“Change the World Together”) from different countries. In real time, new coins are constantly being issued on the basis of existing ones. Since the launch of the system (since February, 2017), 4.5 million new coins have appeared. Total amount of coins in active turnover is 14.5 million coins for now. This figure will be changing constantly, as new coins appear every second in all users’ wallets in proportion to their balance and the total volume of structures under them. It's all in blockchain of Prizm and registered in the source code of the crypto currency.

The final emission is 6 billion coins. It is also registered in the source code of the cryptocurrency. This figure does not change. According to our estimates, the emission will reach 6 billion in 7-10 years. When this happens, the Paramining will stop, and new coins will not be appearing. It will be possible to resume Paramining only through the increase of the final emission, but for this it will be necessary to conduct a voting among PRIZM users who installed the node and downloaded the blockchain.
Since the node is accessible to everyone and is easy to install, we will have a huge number of such users and this will allow to have the most honest voting. As per the concept of PRIZM, capitalization does not grow at the expense of growth of the rate of the crypto-currency, but at the expense of an increase in the number of coins, when having permanently stable exchange rate. The rate of PRIZM is fixed at $ 1 per coin. The concept of PRIZM is to use it as a means of payment, allowing to establish stable prices for goods and services in stores.

6. Prizm is now being actively distributed through CWT leaders in India, Indonesia, South Africa and other countries. The rate is stable. To distribute pre-mined coins through exchanges is planned for the 4th quarter of this year. In general, there is some kind of activity on stock exchanges. Please, check on coinmarketcap, but pre-mining is being distributed so far only through CWT leaders in their structures. At the moment, Prizm participants trade on exchanges only for speculation purpose. This is not welcomed, as according to the idea of the creators, PRIZM should become a means of payment, rather than a speculative instrument like Bitoin and other top-level crypto-currencies.



« Last Edit: July 26, 2017, 04:23:02 pm by space »
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space

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Re: PRIZM cryptocurrency based on NXT engine for networkers
« Reply #1 on: July 26, 2017, 04:23:34 pm »

Hi, everyone,
we are young cryptocurrency from Russia, built on NXT core.
We believe that PoS is the future and want to join all NXT projects together and organize NXT conference.

Who is interested, please write us and we can plan for it!!!
Let's share the knowledge about NXT community in different countries together!!
Thank you. :)
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MrV777

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Re: PRIZM cryptocurrency based on NXT engine for networkers
« Reply #2 on: July 26, 2017, 04:42:47 pm »

Please stop spamming so many topics  :)
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space

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Re: PRIZM cryptocurrency based on NXT engine for networkers
« Reply #3 on: July 27, 2017, 09:59:26 am »

Please stop spamming so many topics  :)

Thank you Mr v777
I thought I posted in the right sections
In Alt coins - about our cryptocurrency
In Conferences - about planning for joint Nxt seminars.
 Thanks anyways
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