Prismo, a developing accountability layer in the blockchain space, has officially launched its gas token, $PRSM. The token leverages quadratic funding and an augmented bonding curve to establish value stability and equitable participation. Designed to power Prismo’s blockchain applications, $PRSM supports enterprise and government solutions such as tokenized records, secure data exchanges, and efficient on-chain transactions.
The initiative is particularly significant as it provides a framework for organizations to operate with transparency and security. Prismo’s approach highlights its focus on delivering blockchain-based tools that streamline data sharing and record-keeping for large-scale institutions.
Selected for Polygon’s Quadratic Accelerator
Prismo’s journey gained momentum when it was chosen in October 2024 as one of eight projects selected for the inaugural cohort of the Quadratic Accelerator. This web3-focused initiative, built on the Polygon blockchain, aims to facilitate fair and community-driven launches for blockchain startups.
The accelerator provides access to its proprietary q/acc protocol, which combines Quadratic Funding with Augmented Bonding Curves. This system ensures that token pricing dynamically adjusts to balance supply and demand, limiting speculative volatility while maintaining affordability. The mechanism creates a transparent structure that fosters consistent, long-term growth for projects like Prismo.
Prismo noted that the Augmented Bonding Curve governs all $PRSM transactions, ensuring equitable access to tokens while discouraging unnecessary speculation. This model positions $PRSM as a sustainable and inclusive blockchain token.
How to Participate in the Token Launch
The launch commenced on December 6, 2024, and interested participants still have the opportunity to engage until December 20, 2024, at 8:00 PM (PH time). Prismo has provided a step-by-step guide to facilitate participation:
Prepare a MetaMask wallet with sufficient $ETH for gas fees.
Visit the dedicated platform at https://q-acc.giveth.io/.
Connect the MetaMask wallet to the platform.
Verify eligibility using the Gitcoin Passport system. For individuals with a low Unique Humanity score, eligibility can be improved by adding verification stamps. These include linking government-issued IDs, connecting social or professional accounts such as GitHub and LinkedIn, or using biometric methods like facial recognition and fingerprint scans.
Once eligible, users can proceed to the homepage and select the “Polygon zkEVM” option from the pop-up window.
Bridge $ETH and $POL tokens to Polygon zkEVM using the “LI.FI” feature.
Import the POL token contract address on MetaMask to complete the bridging process.
Finally, participants can use $POL tokens to mint $PRSM on the platform.
By outlining a clear process, Prismo aims to encourage participation from blockchain enthusiasts while maintaining transparency and accessibility.
Driving Innovation Without Institutional Backing
Prismo’s leadership emphasized its commitment to delivering practical blockchain solutions despite operating without major institutional funding. The project continues to secure enterprise and government partnerships while developing its Layer 2 accountability infrastructure. According to the team, Prismo’s focus on transparency and accountability aligns with its long-term vision of transforming blockchain into a reliable solution for organizations worldwide.
The launch of $PRSM highlights Prismo’s ambitious efforts to build a robust blockchain ecosystem. By combining innovative funding mechanisms and accessible participation processes, the project aims to position itself as a leader in enterprise-grade blockchain solutions. As it moves forward, Prismo is encouraging early adopters to join its mission of fostering a transparent and accountable digital future.