Russian cryptocurrency Prizm entered the international IT market

Hello Prizm coin lovers! The year 2022 is ending and you need to decide how to make money on the Prizm coin in 2022: sell or buy, invest in projects, or nothing at all?

I'll start with the last option, when you keep your Prisms on an official wallet or in a cryptocurrency pool. As we know, Prizm mining percentages are decreasing every month due to the Paratax mining difficulty increasing algorithm. Many pools are a thing of the past with the coins of the participants; in other words, they are gone. That is, the safest thing is to keep your Prizm coins in an official wallet or in a proven pool that has been working for a long time.

Keep Prizm on the official wallet

To keep your coins in an official wallet or as some prismists incorrectly call it “cold”. A “cold wallet” is a storage medium for storing data to access your cryptocurrency wallet, which does not have access to the Internet. So, in order to receive maximum rewards for holding your funds on the official wallet, you must have a decent structure, friends’ wallets connected by you and a large amount of coins in the wallet. The payment algorithm can be found on the official PRIZM website.

If you have a small amount of Prisms and there is no structure, you have not invited anyone, then there is no point in holding your PRIZMs. Even if you have a small structure, Paratax will sooner or later reduce your income significantly. My opinion is that we will only need the official wallet for work, transit between exchanges, pools and other projects.

Advantages and disadvantages

Like any new product, Prizm has its strengths and weaknesses. The positive aspects of cryptocurrency include the following:

• simple and understandable software in Russian;
• unique ParaMining function;
• consensus POS protocol;
• prompt verification of transactions, absence of a heavy blockchain;
• own exchange resource PRIZM.STORE.

The disadvantages of Prizm include the following:

• to launch a node, a balance of at least 1000 PZM is required, and at today’s exchange rate it is $790;
• the mining process itself and Prizm connection are not open projects, which raises certain suspicions;
• there is no information on the site about the project team, and there are rumors on the Internet that the project is being advertised by experienced scammers.

Let everyone decide for themselves whether to trust the new cryptocurrency or not. We tried to collect all the positive and questionable aspects of the product. But judging by the capitalization and the amount of cryptocurrency in the hands of users, the project is enjoying some popularity.

How to make money with Prizm coin in a pool

I myself hold a small amount of PRIZM in the Spacebot cryptocurrency pool. I wrote about this earlier in the first articles.

Pros of staking in a pool:

• regardless of the amount of coins and structure, the best percentage of rewards
• long operation of the pool, guarantee of safety and payment of coins
• you don't need to remember the seed phrase, just know the password or recover it
• referral system, you increase your income by inviting friends
• you only need the Telegram application on your phone

My link in Spacebot https://spaceltd.page.link/DMwxY8xEwUnss41J9

I advise you to keep a small amount in the pool, invite friends and thereby increase your PRIZM amount.

If you are a cool networker, then you can really make money; now in Spacebot there are other coins available for earning. To do this, you need to download the phone application and buy coins.

Who hasn’t yet understood what coin staking is – storing a certain number of coins in a wallet. Now this means when you give away your coins, delegate them to another user or service to receive rewards for storage.

PZM in numbers

The rate of 1 Prizm as of August 22, 2022 was $0.801169 USD or 0.00011966 BTC, to the ruble – 53.2 RUB. On the CoinMarketCap website for tracking checkpoints of markets and all digital currencies, the cryptocurrency ranks 119th with the following indicators:

• market capitalization – $44,825,487 USD;
• daily trading volume – $17,471 USD;
• in circulation – 55,950,113 PZM;
• total issue – 6,000,000,000 PZM.

The PZM chart well reflects the entire dynamics of changes in the value of the coin over its entire existence:

How to make money on Prizm coin in 2022

The main disadvantage for everyone who entered Prism while the rate was rising was that it fell to the bottom. Then PRIZM reached 20 kopecks and pushed back a little, and now its rate fluctuates around 0.6-1 ruble.

For new prisms, this is a comfortable rate for entering the coin, and besides, rate fluctuations are an opportunity to make money by trading on the exchange.

The approach is simple - buy at the bottom and sell at the top. That is, you bought it for, say, 50 kopecks, then sold it for 1 ruble and are waiting for the next rate drop. There are risks associated with the waiting time for the exchange rate to change in the desired direction. And don’t forget that the exchange charges a commission for trading and withdrawing coins.

If you want to give it a try, the main exchange where PRIZM is traded is BTS-Alpha. But I recommend the Bittim P2P exchange. The exchange provides paramining, you can buy coins directly from the card. You can receive paramining for the amount of coin that remains in your account.

My link to the Bittim exchange https://bit.team/register?ref=grizzly

I do not recommend BTS-Alpha for the following reasons (my review):

1. High commissions for withdrawing profit; in order to withdraw crypto, you need to pay a decent amount;
2. Huge minimum and maximum limits on input and output, crypto trading. That is, for reasons of the owner of the alpha exchange, you must trade huge amounts;
3. Inadequate support and rules of the alpha exchange. They couldn’t credit me with the deposit, although the amount exceeded the limits and for the first time the support credited me with the amount of coins. Three times I communicated with support and three times they told me different things;
4. Commissions and limits are increased at any time without warning users. You just get used to one situation, and then bam and you can no longer withdraw your money from the exchange.

If you work for BTS-Alfa, then know that you will soon lose time and money. And if tariffs are raised so high, then most likely the exchange is on its last legs and SCAM is inevitably approaching.

Get your PRIZM coins, dollars, or other crypto on Bittim.

Volatility is variability in translation from English, a change in the rate of a cryptocurrency over a certain period of time. So, traders make money on the growth of the exchange rate and on its fall, using information about the volatility of the currency.

Some exchanges offer margin trading, which is when you borrow a cryptocurrency or other asset to make a trade, sell it, and then buy it back. But I will write about this later.

Cryptocurrency Prizm will grow further

1. The price of the Prizm cryptocurrency was already at low levels. And this was just a year ago - at the beginning of 2022, the Prizm rate fluctuated around 10 cents. However, after that I was able to grow to the above-mentioned 80.
2. The Prizm community is bigger than ever. About 150 thousand people are registered in the Roy Club alone, and the total number of participants in the Prizm ecosystem can reach 1 million. Many of these people are disappointed, but at least 50 thousand people believe in Prizm's prospects.
3. The cryptocurrency rate is at record lows. On the Hotbit exchange, $3,000 is enough to raise the price of Prizm by 20 percent to 5 cents, and $10,000 is enough to raise the price to 8 cents. That is, in fact, a lot of free Prizm cryptocurrency can be bought for $100,000. On the one hand, this is a lot of money, but on the other, I personally corresponded a couple of years ago with a person who invested more than $100,000 in Cashbury. And there were a lot of people investing 10-20 thousand. That is, the Prizm rate can be returned to 80 cents with relatively small investments for the investment industry.
4. The percentage of profit on forging (a type of mining) of the Prizm cryptocurrency is currently at the level of 15%, but may be reduced. That is, there is not so much free cryptocurrency and the rate of its increase is low. The main problem is that they don’t want to buy it!!! Perhaps due to quarantine, among other things.

New project based on PRIZM

How to make money on the Prizm coin in the new project PRIZMWECTOR

On October 12, 2022 at 15:00 the start of the first project within the framework of Alliance WEC (Union of the Century) took place. The first collaboration will be with the Prizm crypto community and will be called PRIZMWECTOR.

On October 6 at 15:00 a detailed presentation from Iskander Khasanov and the launch of the PRIZMWECTOR website (pre-launch) took place. On the project website you can mine the Prizm coin easily, quickly, and a lot.

Prizm staking from 8% to 16% per month.

My registration link https://prizmwector.com/partner/528738

Maximum PZM production is possible using the GNT accelerator. This is a growing unit designed to expand staking limits, as well as increase interest in the staking pool. GNT can be mined in the parking lot for the WEC coin: for every 1000 wec, GNT equivalent to $10 will be credited once a day. It will also be possible to receive GNT as cashback from the purchase of a license (the license is purchased for PZM).

Now the license cost is about 2500 PZM and a referral link opens. The 8-level affiliate program will also issue GNT.

Currently required:

1. 2500 PRIZM - to activate a license with a nominal value of $30
2. 50 WEC for parking/purchase of GNT - at the rate of $6 for 1 WEC! This is a maximum of $300, which allows you to purchase this license
3. Approximately 42,000 PRIZM is a maximum of $500 for a PRIZM stack at 10% per month
4. GNT for $3 - this number of GNT activates the stack

These calculations are valid for prices in the PRIZMWECTOR account

You can find out more in the chat https://t.me/prizmwector_official

There is also an interesting project based on WEC coins; they can be purchased on the Coingalaxy exchange. Entrance to the project from 2.5 WEC. There is a referral program and a binary.

The project's profitability is about 0.22% per day, excluding the current WEC rate.

Everything is simpler here, you buy WEC and add it to the project. Every day you are awarded conditional dollars, which can be exchanged for WEC and brought to the exchange for sale. If you have PRIZM, you can sell them and buy WEC on the coin-galaxy.com exchange and bring your people into the project.

My link to the binary is https://webtokenprofit.com/partner/1085966

Ideology and characteristics of Prizm

Prizm is a “new generation digital currency.” These words greet Prizm Space. According to this logic, other cryptocurrencies are already a thing of the past. Only specialized media write about them, but not about the ultra-modern Prizm.

Some technical details: Prizm is a decentralized and self-regulating coin. It is supposedly based on the Next core and written in Java. Prizm is also supposedly open source, but it's not. It was opened and then closed so that no one would plagiarize it. That's what it says in the Whitepaper.

Now let’s go to CoinMarketCap and look for PZM in the rating. It really is there and ranks 204th. Even for the shitcoin in question, this is a low position.

At the end of November 2022, there are 385 million PZM. They are valued at more than $178 million. 1 PZM costs $0.46. In July 2017, it was $1.12. There were promises that the coin would never fall below $1. As you can see, it has dropped. Thanks to CoinMarketCap for calculating the ROI: those who purchased PZM at the time of launch lost more than 60%.

BrokerTribunal has already scared you with the word “ para mining”. It's time to reveal the essence of the scheme.

What are investors being told?

1. You need to get Prizm Wallet.
2. Place at least 1 PZM into this wallet. This will start paramining.
3. When the amount X has accumulated, the “accumulated paramining” can be sold on the exchange.

According to the legend of the scammers, each coin is almost a video card that increases the number on the wallet balance. They came up with the idea that the speed of mining (that is, paramining) depends on three factors:

1. Number of coins. The bigger, the better.

2. The number of coins friends have. Also, the more, the better.

3. Finally, Paratax . The more coins there are in the entire network, the more difficult it is to mine.

First, users are motivated to invest more money. Secondly, their “success” is tied to the number of participants brought. Thirdly, people are encouraged to get involved as quickly as possible. The signs of a financial pyramid are obvious.

Let’s try the word “ para mining”. This technology does not exist. There is mining - the process of creating blocks and ensuring emission. It is performed by a special program: its speed depends on the complexity of the calculations and the power of the equipment used. The result of its work is cryptocurrency.

What does “couple” mean? This is a prefix that means deviation and violation of something. Indeed: paramining is a deviation from reality! Moreover, paramining destroys PZN. The value of the coin is falling because new issues are coming out that are not backed by real money. Every 600 coins that appear daily is air.

Typically, projects use only one technology for creating new blocks and ensuring emissions. But here you can also forge. To do this, you need to install special software and deposit 1,000 coins into your account. Of course it's a waste of money.

Prisms have two driving forces: 1. Bots. They buy coins from each other to show activity on the so-called blockchain. Their task is also to protect the project on the Internet. 2. People who are familiar with technology. They don't understand how cryptocurrencies work. But they defend what they want to believe in: a money printing machine. And that's why they suffer losses.

God and Dzhigurda help!

In order to popularize his creation and make Prizm a “people’s” cryptocurrency, the representative of the Russian Orthodox Church, Father Vsevolod, also became involved in the criminal scheme. The celebrant blessed the cryptocurrency right in the organization’s office. Moreover, all the same persons took part in the consecration process: Muratov-Pushilin-Kramar. The ceremony was carried out according to all the canons of the Christian faith: candles, icons, prayers.

A video of the action went viral:

Believers called the ritual blasphemy and condemned Vsevolod for conducting such rituals. But the effect was achieved: cryptocurrency began to be actively sold on exchanges, and capitalization volumes increased before our eyes.

As experts admit, former leaders of the scandalous WEX exchange Dmitry Vasiliev, former employee of MMM Yuri Mayorov and a number of other people are also involved in the creation and promotion of the Prizm cryptocurrency. Among them was Russian artist Nikita Dzhigurda. A video of his ritual, through which he tried to “shed light and love on Prizm,” went online:

Where to store PZM cryptocurrency

The Prizm cryptocurrency has its own official wallet, which can be downloaded from github.com by clicking on the “Windows and OS X client downloads” link.

At the very beginning of registration, the program will generate your private password from 16 unrelated words:

It must be copied, saved in a safe place and entered into the “Sign in” registration form. The next step is to create a 4-digit PIN to log in:

The wallet itself has a fairly simple interface; there should be no questions about using it. The public address of your new storage can be seen in the central part of the program:

What does the company/project do?

PRIZM is a completely decentralized and self-regulating digital currency concept.
Using this cryptocurrency allows users to securely store and quickly exchange assets directly - similar to transferring money from hand to hand. According to the developers, the project was created with the aim of creating a new approach to the architecture of financial relations. Their mission is to rebalance and fairly distribute electronic money among people from all over the world and solve such a problem as the gradual centralization of cryptocurrencies.