Primal Coin (PRM)

The PRM coin is the native currency of the Primal blockchain and platform, just like ETH on Ethereum.

PRM utility:

• Transaction fees Being the native currency on the Primal blockchain, PRM is required to pay fees to the network in order to approve transactions.

• Validation Coin holders can stake Primal to become a validator. The minimal staking requirement is 100 thousand. The network is growing, currently validators increase rapidly. (https://status.prmscan.org/)

• Voting Validators vote on protocol changes with their staked PRM. Which means validators with higher amounts of Primal staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

• Staking (for delegators) Any PRM holder can choose one or more validators to delegate any amount of PRM they wish. They receive a share of the Primal block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

• Payments As PRM is the native currency on Primal, sending it does not require interactions with smart contracts. Thus, PRM transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of PRM coins does not endow holders with any rights to participate in the governance of the Primal platform or any revenue streams related to its real-world performance.

Obtaining PRM

Where to Buy

PRM will be available for purchase on a number of centralised (CEX) and decentralised DEX exchanges.

Centralised exchanges: Latoken, etc.

DEXes: PrimalSwap, etc.

The best information about the PRM trading volumes and prices on various exchanges can be found on the Coinmarketcap & Coingecko.

A convenient current way of purchasing PRM straight from one's bank account is through using the Primal Safe wallet to deposit Primal Dollar (PUSD), and then swapping those to PRM via the in-app integration with PrimalSwap DEX.

Where to Farm

At the moment, the PRM coin is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Primal Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining PRM

From time to time, the Primal team uses PRM to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Primal's social channels.

The PRM coin is also used to power Primal grants and bounties. Please consult the Grants and Bounties section for more details.

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