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About Prism Network

Prism Network is a blockchain-based platform that offers users funding initiatives and multi-network scalability under one platform. The platform also offers the users and projects freedom to choose their desired networks and ecosystem through cross-chain tools. Cross-chain refers to a technology that develops the interconnection between blockchain networks through properly exchanging information and value. Prism Network aims to aid the DeFi startups in creating custom-made smart contracts and ecosystem maintenance advisories.

The official website of Prism Network states that the platform specializes in liquidity provision and yield farming. Yield farming is a strategy for investment in DeFi, which involves staking or lending cryptocurrencies for getting rewards as interest or transaction fees. Prism Network develops custom-made and audited staking contracts for all developers without any charge.

As claimed by its whitepaper, the flagship service of the platform is Prism Launchpad. The Prism Launchpad aims to provide adequate fundraising opportunities for projects. In addition, the service also seeks to offer investors a secure investment platform for innovative and new projects.

There are three tokens.) of the Prism Network: Prism (PRISM), Deflect (DEFLCT), and mDEF (mDEF). PRISM is the utility token of the Prism Network, which is supported by Uniswap ETH liquidity pool tokens. The whitepaper claims that all the products available on the Prism Network can be accessed through the PRISM token, thereby making the token a valuable asset in the Prism ecosystem.

DEFLCT is the store-of-value token of the Prism Network. Store-of-value token refers to the cryptocurrencies that avoid depreciation for a long time. mDEF is a token similar to DEFLCT and is available on the Polygon blockchain.

Hamza El-Saiah is the CEO and Founder of Prism Network. The infrastructure and development team consists of Matt Smith, Corey Davis, Hoang, Synthev, and Lachlan H.

Market

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France News about Prism Network

BeInCrypto • May 11, 24

Crypto Whales Buy $5.56 Million in PEPE Amidst the Market Dip

Crypto whales have bought $5.56 million in PEPE amidst a market downturn. Market analysis suggests a potential 51% surge in PEPE's value.The post Crypto Whales Buy $5.56 Million in PEPE Amidst the Market Dip appeared first on BeInCrypto.

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The Block • May 10, 24

Mark Cuban slams SEC’s Gary Gensler, says ‘crypto voters will be heard’ in the 2024 election

"Crypto is a mainstay with younger and independent voters," Mark Cuban wrote in a Friday social media post.

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BeInCrypto • May 10, 24

Layer3 Foundation to Launch L3 Token This Summer

Layer3 Foundation introduces its L3 token, enhancing Web3 governance across 545 ecosystems. This initiative promises significant community empowerment and progressive decentralized governance.The post Layer3 Foundation to Launch L3 Token This Summer appeared first on BeInCrypto.

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BeInCrypto • May 10, 24

VELO Token Skyrockets 358%, Dubbed ‘XRP of Southeast Asia’

VELO, recognized as the "XRP of Southeast Asia," has seen a significant surge, with a 358% increase in value and enhancements in cross-border payments through smart contracts.The post VELO Token Skyrockets 358%, Dubbed ‘XRP of Southeast Asia’ appeared first on BeInCrypto.

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BeInCrypto • May 10, 24

Ondo Finance to Launch RWA Payment Network

Ondo Finance and Zebec Network have partnered to innovate real-time payroll solutions using blockchain technology, enhancing efficiency and financial stability for businesses globally.The post Ondo Finance to Launch RWA Payment Network appeared first on BeInCrypto.

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BeInCrypto • May 10, 24

Alan Scott Explains Why Vitalik Buterin Endorsed Railgun

Vitalik Buterin's endorsement of Railgun highlights its privacy-focused innovations in DeFi, leveraging zk-SNARKs and upcoming updates to ensure secure, private transactions.The post Alan Scott Explains Why Vitalik Buterin Endorsed Railgun appeared first on BeInCrypto.

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The price of Prism Network has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Prism Network’s price has also risen by 100.00% in the past week.

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