PR Token (PRT)
Ticker Symbol: PRT
Chain: Terra Blockchain (CW20)
Total Supply: 4 000 000 000 000 PRT tokens
Contract Address: terra1qpx5ea4ye6qwzysfypgrfahgjhzap0echyy2yy
PR Token (PRT) is a CW20 cryptocurrency token developed with use of high-end technologies
Powered by the Terra Blockchain
All emitted volume of PRT 4 000 000 000 000 is distributed as follows:
- PRT 2 000 000 000 000 is allocated for the whole Promoera Platform tokenization process (terra1g9u9ysmmnzy3a3jrdgzc5xqznvwrqeg9mr7xfv)
- PRT 1 000 000 000 000 is allocated to provide initial liquidity, for marketing and strategic partnership purposes (terra153uvx24mxn6s3w0frd8l0592spx94wec65fl5x)
- PRT 1 000 000 000 000 is allocated for reserve and stabilization funds (terra1q4ddjx2402ue6a2mrvg6jwh3flnw5uq2h42ue2)
CW20 Tokens is a specification for fungible tokens based on CosmWasm.
The name and design is loosely based on Ethereum's ERC20 standard, but many changes have been made. The types in here can be imported by smart contracts that wish to implement this spec, or by smart contracts that call to any standard cw20 contract.
A smart contract is a self-executing contract with the terms of the exchange agreement. The code exists across a blockchain network, where transactions are trackable and irreversible. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.
Detailed distribution of PRTs allocated for Platform Tokenization
The total volume of PRT 2 000 000 000 000 is distributed as follows:
Bonuses and Sale pool: PRT 1 000 000 000 000
✓ bounty program
✓ bug-bounty program
✓ achievements program
✓ sale at a fixed minimum price: 1 PRT = 0.000001 UST
Rewards and Referral pool: PRT 1 000 000 000 000
✓ from staking
✓ from ads surfing
✓ from advertising campaings execution
✓ from the staking referral reward
✓ from the referral's advertising expenses
✓ from the referral reward on advertising campaings execution
At the stage of the Promoera platform tokenization, we provide a Layer 2 solution
Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties.
Layer 2 protocols create a secondary framework, where blockchain transactions and processes can take place independently of the Layer 1 (Main chain). For this reason, these techniques may also be referred to as “off-chain” scaling solutions.
One of the main advantages of using off-chain solutions is that the main chain doesn’t need to go through any structural change because the second layer is added as an extra layer. Layer 2 solutions have the potential to achieve high throughput without sacrificing network security.
In other words, a great portion of the work that would be performed by the main chain can be moved to the second layer. So while the Main chain (Layer 1) provides security, the second layer offers high throughput, being able to perform hundreds, or even thousands, of transactions per second.
Layer 2 solutions do not apply any transaction fees.
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