Many questions continue to arise regarding the Token Generation Event (TGE) for $PROM so let me clarify what this event actually entails. A TGE marks the official creation, distribution, and release of a project's tokens to the community and investors. Unlike a Mainnet launch, which focuses on deploying a blockchain network, a TGE specifically addresses the technical steps of token issuance and is intended to build early engagement and liquidity.
In the case of $PROM , token creation occurred on July 17, 2019, establishing its foundation within the Prom ecosystem. Token distribution was completed through a private round in Q1 2019, which raised $4 million, followed by a public sale on May 25, 2019, raising an additional $850,000. This careful allocation strategy built a strong initial user base and created liquidity for $PROM.
Following the TGE, $PROM was listed on major exchanges, including Binance, on November 25, 2020, along with KuCoin, HTX, and Gate.io. These listings have established Prom as a widely available and actively traded token.
It’s essential to note that a TGE is distinct from a Mainnet launch. While the TGE established token distribution and early community involvement, the Mainnet launch, which is yet to come, will deploy Prom’s full blockchain infrastructure.
Additionally, with the upcoming Mainnet, Prom Network has launched two important campaigns: the Prom Delegate Campaign and the Prom Validators Campaign. These roles will be crucial for the project’s future, with community members selected for them being rewarded for their contributions.
In summary, $PROM’s TGE occurred almost 2000 days ago, setting a foundation for token holders to become early adopters and active community members. Understanding the distinction between the TGE and Mainnet launch adds clarity and shows an understanding of the project’s roadmap and structure.