What is the current price of Prisma Governance Token (PRISMA)?

The current price of Prisma Governance Token (PRISMA) is 0.06357090468949537 AUD, representing a -8.42 from the day prior.

Can I buy Prisma Governance Token (PRISMA) on Coinstash?

Yes - you can easily buy and sell Prisma Governance Token (PRISMA) on Coinstash. Simply login or sign up, to start buying Prisma Governance Token (PRISMA) in minutes.

Where is the best place to buy Prisma Governance Token (PRISMA) in Australia?

The best place to buy Prisma Governance Token (PRISMA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Prisma Governance Token (PRISMA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Prisma Governance Token (PRISMA)?

The trading volume of Prisma Governance Token (PRISMA) is 134.8K AUD in the last 24hrs, representing a -8.42 from the day prior.

How can I buy Prisma Governance Token (PRISMA)?

Prisma Governance Token (PRISMA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Prisma Governance Token (PRISMA)?

The current market cap of Prisma Governance Token (PRISMA) is 6.5M AUD.

Can I convert Prisma Governance Token (PRISMA) to cash?

Yes - With Coinstash you can convert your Prisma Governance Token (PRISMA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Prisma Governance Token (PRISMA) are there?

The current circulating supply of Prisma Governance Token (PRISMA) is 98.4M.

Is Coinstash a safe place to buy Prisma Governance Token (PRISMA) in Australia?

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Buy Prisma Governance Token (PRISMA)

What is Prisma Governance Token?

The Prisma Governance Token (PRISMA) is the governance token of the Prisma protocol, a decentralized platform that facilitates borrowing and the minting of a stablecoin, mkUSD, which is fully collateralized by liquid staking tokens (LSTs). This token plays a central role in enabling governance within the protocol and incentivizes users to engage in specific activities that support the ecosystem.

How does Prisma Governance Token work?

PRISMA operates on the Ethereum blockchain using the ERC-20 standard. It employs a veToken model for governance, where users can lock their PRISMA tokens for up to 52 weeks to gain lock weight. This lock weight is instrumental in voting on protocol proposals and participating in governance decisions. The token distribution follows a specific emission schedule, which is calculated as a percentage of the remaining unallocated supply.

What are the potential use cases for Prisma Governance Token?

The potential use cases for PRISMA include:

Governance: Used to vote on proposals and protocol changes within the Prisma protocol.
Incentives: Encourages users to engage in actions such as depositing into Stability Pools, minting mkUSD/ULTRA, maintaining an active debt with mkUSD/ULTRA, and staking Curve LP tokens.
Decentralized Considerations: As part of the DeFi ecosystem, PRISMA helps facilitate decentralized borrowing and stablecoin maintenance, with a focus on liquidity provision.

What is the history of Prisma Governance Token?

The PRISMA token was officially introduced on November 2, 2023, with the aim of ensuring community ownership and facilitating decentralized decision-making within the protocol. A notable event in its history includes a security breach on March 28, 2024, resulting in the loss of approximately $11.6 million in cryptocurrencies. Despite this setback, PRISMA has maintained its presence in the market, demonstrating resilience, particularly in the realm of decentralized finance.