PRISMA - A sustainable multipurpose
cryptocurrency lending and arbitraging platform
Lending platforms are nothing new in the cryptocurrency space. The fundamental principle - lending money
to the platform to receive interest over time - has only one flaw: the revenue which is distributed to the lenders often
exceeds the revenue flowing in by the platform services after a short period of time.
PRISMA works to solve this problem by amassing a substantial service portfolio with beneficial tools for the cryptocurrency community
while also providing a resilient lending model leading to steady profits for individuals who invest in the platform.
One key service will be the arbitrage trading bot service which leads to additional steady profits for users while stabilizing the lending platform
through usage fees. Individuals who invest in PRISMA during the ICO can use the arbitraging bot for the first six months for free.
The PRISMA platform will consist of several cryptocurrency services, an internal exchange and a lending system,
all accessible via one website and mobile app. The platform is fueled by its token, the Prismacoin (PRIS),
which is an ERC20 token on the ethereum blockchain.
PRISMA stands for:
- Sustainability: Using a revenue model with built-in protection against lending spikes or service usage drops
- Multipurpose: Build-up of a diverse service & tool portfolio for the cryptocurrency community
- Steady lending+arbitraging profits: Synergistic investment and service ecosystem leading to a steady value appreciation of PRIS
ICO IS LIVE!
To contact us or to keep up to date you can use the following channels/links:
Note that these are the only official Twitter and Telegram channels of PRISMA.
PRISMA resonator and service fee model
For the dynamic lending model a sophisticated feedback loop is employed which adjusts the lending reward and the acceptable
total lending amount dynamically by taking into account the price and volume history of PRIS (short- and long-term price
chart patterns, i.e. technical analysis), the lending amount and service fee history, as well as sentiment analysis
of the cryptocurrency market and the PRISMA platform in particular.
To be resilient against massive incoming revenue drops due to lost trust or declining user numbers in the crypto space
the resonator is installed to keep the lending platform running at minimal daily interest rates. Besides the adapting
lending feedback loop there is another failsafe instance to prevent the platform from going bankrupt:
the temporary lending cap. Again, for details about these mechanisms please check our whitepaper. The core business of the PRISMA platform is to provide several handy services which benefit the cryptocurrency community
and render our crypto-life easier. The services will be accessible via the website and the corresponding mobile app
and can be payed in PRIS, BTC and ETH (more options coming later) while paying with PRIS will lead to a discount.
Services which will be offered on PRISMA can be found in the whitepaper. PRISMA Dynamic Lending & Arbitraging Interests
Depending on the lending amount the upper interest rate limit differs, while the lower interest rate limit stays
always at 0.15 % daily. The maximum possible monthly interest can be up to 27 % profit on your initial investment.
Lending periods also differ and are dynamically calculated. An overview can be found in the whitepaper
or at https://prismacoin.net/lending. Because of the nature of the so called dual-trade the arbitrage bot cannot induce losses. Only a surplus in the considered asset
can be achieved - although in the worst case (under low trading volume) rather slow. In normal cases we expect a return of investment
of up to 1.5 % daily, leading to maximum monthly profits of up to 56 % for a highly tuned arbitrage trading bot algorithm.
More details about the arbitraging system can be found in the whitepaper or at https://prismacoin.net/arbitraging. Besides lending+arbitraging other investment prospects via PRISMA include:
- Holding and trading Prismacoin (PRIS)
- Getting community rewards during the ICO (see below or at https://prismacoin.net/reward)
- Getting referral boni during the ICO (see below or at https://prismacoin.net/ico)
- Participate in the airdrop (see below or at https://prismacoin.net/airdrop)
- Provide capital via the loan service (not to be confused with the lending feature as seen in the whitepaper)
- Create new services via the service marketplace (feature will be released later this year)
For details on lending interests and the other investment prospects please refer to the whitepaper. PRISMA Roadmap
After the ICO the first goal is to start trading on the internal exchange and to launch our first two services: the tumbler
and the Bitcoin accelerator. Simultaneous to the successful service launch users can start participating
in the dynamic lending program. Further roadmap goals are discussed in the whitepaper. PRISMA Initial Coin Offering (ICO)
In the public token sale, also known as initial coin offering (ICO), 18.8 million Prismacoin (PRIS) can be bought. The resonator will start
with 200,000 PRIS from which 50 % will be offered as a community reward during the ICO.
The ICO will last for 14 weeks, starting with 0.50 USD per Prismacoin on day 1. There will be no private presale, but only a public token sale so that Prismacoin is more evenly distributed at the launch of the platform to prevent massive price manipulation by big investors. Nevertheless as a bonus for early investors the price per Prismacoin starts cheap and will then rise over time.
The steady price increase up to 1.50 USD per Prismacoin will take place over several weeks, ending on 16th August.
Details on the ICO:
ICO period: from 10th May, 2018 at 6pm UTC+0 until 16th August, 2018 at 6pm UTC+0
Maximum supply: 19,000,000 PRIS
ICO issuance: 18,800,000 PRIS
Token symbol: PRIS
Contract address: 0xB64Fe44f1748C0e7602b16637B15638cAF59ce3A
Decimal places: 18
Token price: starting from 0.50 USD (in ETH) to 1.50 USD (in ETH)
Maximum investment cap per wallet/person: 3 ETH
Minimum investment level per wallet/person: 0.1 ETH
Gas limit for contribution: up to 60 gwei, 200,000 gas
Compatible wallets: only non-exchange ERC20 compatible wallets should send ETH
Referral Bonus Program
After you bought or if you are planning to buy Prismacoin (PRIS) in the ICO by sending ETH to the ICO funding address
seen at https://prismacoin.net/ico, you can use your referral address to receive 15 % bonus on any persons investment which is sent to the PRISMA ICO funding wallet using hot wallets (if they show
the same IP address for transaction as the one used to open your referral link). No sign-up neccessary, just use our ETH address for the referral link.
This is done to provide a referral bonus in a KYC-less ICO. As the majority of users use hot wallets instead of cold wallets the referral
bonus, which is ramped up to 15% here, should be as high as in other typical ICOs (if not higher).
Total referral earnings will be sent to your wallet at the end of ICO.
Note that your ETH address is only eligible to the referral bonus program if funds were sent from that wallet address to the PRISMA ICO
funding wallet (at least the minimum investment of 0.1 ETH). For eligibility it doesn't matter if you send the funds first or your referrals.
You can use your referral link in the community reward program and in airdrop posts.
PRISMA Community Reward Program (Bounty)
[1 PRIS = 1+ USD at end of ICO]
Top 10 most active Twitter users: each 1000 PRIS
Top 10 most active Facebook users: each 1000 PRIS
Top 10 most active Reddit users: each 1000 PRIS
First 5 and additionally top 5 Medium/Steemit/blog posts/articles: each 1000 PRIS
First 10 YouTuber (> 1k subscriber, < 10k subscriber): each 1500 PRIS
First 10 YouTuber (> 10k subscriber): each 3500 PRIS
Bonus reward for creative and innovative promotions: 8000 PRIS
Additionally: PRISMA Airdrop Lottery
We will give a total amount of 2000 PRIS in this airdrop lottery to users interested in PRISMA. From each of the 3 modes of participation
listed below 50 people will be selected at random after the ICO that will receive 10 PRIS each. Those people will be
contacted via the used platform. You can participate in all 3 modes to get the chance of winning up to 30 PRIS.
You can use your referral address in all airdrop posts. The 3 modes of particiation are:
One lucky participant chosen randomly will win 500 PRIS!
Thank you for your interest in PRISMA.
Again, you can get informations & follow and contact us on:
Note that these are the only official Twitter and Telegram channels of PRISMA.
