AMA session with PRIZM developer Dmitry Efremov for Crypto Challengers

1) I learned that Paramining is a three-factor source of increasing the number of coins in our wallets. I think this is great, but just wondering, is it working on any wallets or do you recommend users to use a specific wallet for this?

Glad to hear that. Thnx. The security of your coins is in your hands.

We recommend to use official wallet, don’t store coins on Exchanges wallets - in this case u loose profit and safety of ur coins.
Keep your coins on ur personal wallet.

‼️Send coins to exchanges when u really need to sell.

And u will be good.

Step-by step guide here - https://gitbook.pzm.space/guidelines/articles/how-to-create-prizm-wallet

2) Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global how does your team deal with these issues?

Allright, this is very important ‘thing’)

«REGULATORS» - These ruthless and impartial authorities decide who "LIVE" and who does not. We are grateful to the regulators for their work. And it's no secret that there are a lot of scammers in the crypto-industry. Therefore, we have taken great care to ensure that our community is legally protected.

At the moment we have several Legal Opinions from the USA, Malta and the European Union. We intend to expand the legality of Prizm around the world.

Legal Opinions states that Prizm is not a Security and enter into the "GREEN HARBOR" of the crypto-industry. From a legal point of view, we protected the project as much as possible.

In conclusion, I want to say that we have done everything to make cooperation with the Prizm cyber currency safe, easy and beneficial for every person on planet Earth.

Later, we will publish all legal documents in the public access.

3) ...Does your project support staking program? if yes. how is your staking system work, what is the requirement for a user to stake in PZM?

Yes.

The attractiveness of Prizm for users around the world is achieved through a combination of Paramining technology and the HOLD status parameter.

Paramining guarantees the possibility of mining new coins to all users at the same time, this factor allows with a high degree of probability to avoid an attack of 51% and provides absolute freedom of action for users. In our experience, these factors have a beneficial effect on the Prizm community and encourage users to independently create the infrastructure and ecosystem of Prizm.

HOLD - keep coins in your personal wallet and not make any transactions, due to this, you can reduce the coefficient of difficulty in mining coins and increase the profitability of your wallet.

Only there is 1 big difference from all the others. Your coins always remain in your wallet. And only you have access.

4) What was Your #SpacePrizm project created for, what solutions has it come to provide in the cryptospace and how do you expect to implement these solutions?

good question

Prizm created for people as solution of new monetary system without maintaning costs, without offices, clerks and etc) And already implemented in lifes of many peoples.

Prizm is a new implementation of the concept of cryptocurrency. Prizm works on PoS consensus. Prizm is a 100% decentralized peer-to-peer cryptocurrency with native blockchain.

The main technical and conceptual difference between Prizm and other cryptocurrencies is that the algorithms for issuing new coins are not related to the work of maintaining the network. This means that new coins are generated not as a reward for creating a new block in the blockchain, but thanks to the patented Paramining technology.

Thanks to Paramining, Prizm has evolved into a huge ecosystem that the entire community maintains and develops.

Prizm was created to become a competitor to the usual fiat money, and today our cryptocurrency is developing in all countries of the world.

In order to fully appreciate all the qualities of Prizm, you need to try it in use. It is impossible to describe all the advantages of Prizm over other cryptocurrencies in the format of short messages.

5) NFT is in top trends in crypto world rightnow. What do you think about this? Does PRIZM have any plans to add NFT to your ecosystem?

There is so much hype about NFT that I decided to try myself as an NFT artist to get a sense of what is happening in the industry.

I have entered into a partnership with one large NFT / DEFI project. As soon as the release of my first collection takes place, I will definitely inform you.

And if we find common points of contact between NFT and PRIZM, we will definitely come up with something in this direction. But now we have completely different vectors of development with the DeFi industry.

We are building a new financial system that will possibly be implemented into the economies of countries and states.

And NFT is the monetization of digital art, if you know how Prizm can to enter DeFi without using smart contracts - pm me in telegram.

For now, we are only studying NFT.

1) l am lnterested on your project but i have a Iittle doubt weather your platform suitable for Crypto beginners like me or is it only for professional users?

Prizm was created for ordinary people who have not even heard of the word cryptocurrency.

• We have created a clear, user-friendly interface.
• It takes no more than 1 minute to create a wallet.
• Installing a PrizmCore is as easy as installing a regular program on a computer and does not require the powerful features of your computer.

Therefore, you can rest assured that you will succeed with Prizm.

Explore 👇

pzm.space/en/
http://gitbook.pzm.space/

here u will find all tutorials.

2) Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?

• We have been working since 2017 in the open market without market makers, advertising department, offices and the like.

• All software is 100% complete and has passed the maximum number of successful tests and reviews.

• We have withstood many hacker attacks and DDos attacks.

• We got absolute legality almost all over the world.

• The system is completely decentralized.

• We gave all the emission of coins to users.

• In Prizm, your coins really belong to you and to no one else.

• We never promise anything until it's ready.

If it's not magic, then watch Harry Potter)☺️

3) How did you get the community involved in developing the project? and how do you build a strong community to grow globally?

For this you need to have pure thoughts.
We do not pursue financial gain in Prizm.

For us, Prizm is a living organism.
Only in conditions of equality and fairness can a powerful community be developed. The Prizm community is unique, there is no such community in any cryptocurrency.

For its constant growth, we try to interfere with development as little as possible. We mainly do offscreen work that most users can't see.

Our task is to create the most comfortable conditions for the community for the development of Prizm.

We are grateful to the community for their faith in Prizm.

4) Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven't yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.

We decided to hold AMA sessions to share Prizm with crypto clubs like this one. As it turns out, AMA works well.

In addition, we enter into strategic partnerships in various areas at the state level. At that time, our community is also working.

We have crypto educational projects for newbies.

There is some bargaining for Prizm. In some cities you can buy a ticket to the sea, pay for a taxi, buy a house, etc. for Prizm.

The expansion has just begun.

We work with the entire community.

5) Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?

Since Prizm started out as a social experiment, it is definitely YES. We are pleased with the results. But there is no limit to perfection. Now Prizm is an autonomous decentralized system that develops itself. Prizm cannot be stopped. Time will tell what happens next.

𝗡𝗼𝘄 𝗶𝘁𝘀 𝘁𝗶𝗺𝗲 𝗳𝗼𝗿 𝗪𝗿𝗮𝗽𝗽𝗶𝗻𝗴 𝗨𝗽, 𝗮𝗻𝘆 𝗹𝗮𝘀𝘁 𝘄𝗼𝗿𝗱𝘀 𝘆𝗼𝘂 𝘄𝗼𝘂𝗹𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝘀𝗮𝘆 𝘁𝗼 𝗼𝘂𝗿 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆?

• Don't trust anyone.
• Think with your head.
• Keep the private key in a safe place. ☺️