Prometheus

1. Summary

Ranks

Liquidity

-

Developer

-

Social

43

Momentum (beta)

0

Stack Rank™

-

Price

$2.24 0.0%

Market Cap

$0.00 (#8549)

Supply

/

Tags

Binance Smart Chain Ecosystem BNB Chain Ecosystem

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Price
52W High price	$32.81
52W High date	3rd Mar 2022 (2 years ago)
All Time High (ATH) Date	20th Sep 2024 (2 months ago)
All Time Low (ATL) Date	20th Sep 2024 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1,206.00

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Description

Prometheus Protocol is a fair multi-node protocol powered by high-yield investments on the Binance Smart Chain. It aims to democratize DeFi by providing a platform for constant passive income regardless of geographical location, social background, or skills.

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Prometheus Protocol is a fair multi-node protocol powered by high-yield investments on the Binance Smart Chain. It aims to democratize DeFi by providing a platform for constant passive income regardless of geographical location, social background, or skills.

The protocol generates income through fees on node purchases. A portion of these fees is invested in high-yield products using community voting. The profits from these investments are utilized to buy back and burn the project's token to maintain a stable floor price.

The platform includes a floating sales tax system to incentivize a healthy ecosystem. This sales tax decreases if the token price increases, and vice versa, to balance market stability.

The protocol allows users to create nodes of varying costs and yields. It also includes a decay system, which lowers the daily ROI over time, encouraging users to recreate new nodes for long-term sustainability and rewarding long-term participants.

Governance tokens are awarded for node creations, enabling users to vote on high-yield investments used(symbo: PHI)

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