Imagine a platform where NFTs not only exist but thrive in both the digital and physical worlds. Welcome to PREMA, a revolutionary ecosystem centered around PREMA X, a dynamic NFT marketplace that uses the PREMA Wallet and an advanced traceability system. Whether you're exploring virtual blockchain games or interacting with physical products, PREMA seamlessly connects these experiences, enhancing user engagement across realms. From authenticating real-world items to unlocking characters in metaverse adventures, PREMA is redefining how we interact with the digital and tangible. Ready to dive into a world of endless possibilities? Read on to discover how PREMA is transforming the world of NFTs.

What is PREMA?

The PREMA platform is centered on PREMA X, an NFT marketplace, and uses the PREMA Wallet and traceability system to connect NFTs with the places where they are used, such as URLs (UnReal Life, the unreal world) like metaverse blockchain games and IRLs (In Real Life, the real world) like physical products and spaces.

Token Market Data

Coin Statistics:

• Current Price: $0.0000
• Market Cap: $428.81
• 24h Price Change: 14.29%
• 7d Price Change: 5.13%
• 30d Price Change: 27.14%
• 24h High: $0.0000
• 24h Low: $0.0000
• All-Time High: $0.1325 (2022-10-03T17:23:00.000Z)
• All-Time Low: $0.0000 (2023-11-24T04:42:00.000Z)
• Circulating Supply: 288,322,108.00
• Total Supply: 100,000,000,000.00

The Purpose and Utility of the PREMA Crypto Token

What Problem Does PREMA Solve?

The PREMA crypto token (PRMX) is a digital asset that supports the ecosystem of the PREMA platform, which is centered on PREMA X, an NFT marketplace. The token is used to connect NFTs with the places where they are used, such as URLs (UnReal Life, the unreal world) like metaverse blockchain games and IRLs (In Real Life, the real world) like physical products and spaces. The PREMA Wallet and traceability system facilitate these connections.

The PREMA platform aims to enhance user experience across multiple networks by integrating NFTs within digital and physical realms, bridging the gap between them. The token is compliant with the ERC-20 token standard, which is a widely used standard for creating and managing tokens on the Ethereum blockchain.

How Does the PREMA Token Function?

The PREMA token functions as the native token within the PREMA platform, with a limited supply of 100 Billion PRMX tokens. It is primarily used for minting NFTs, creating marketplaces, interacting across chains, on-chain governance, fees, and payments within the ecosystem and its Decentralized Applications (DApps).

The PREMA platform aims to bridge the gap between digital collectibles and the physical world by using NFC and AQR technologies. This allows for the creation of NFTs that are actual items in a collector's collection, which they can proudly display in their home. These NFTs can also act as avatars in a virtual world or characters in a game with unique abilities, providing a unique value proposition for users.

Unique Features and Benefits

The PREMA crypto token (PRMX) is the native token of the PREMA platform, a blockchain platform that offers seamless multi-chain experiences and connects tangible objects and digital content from around the world through the medium of NFTs. The PREMA platform aims to build a unified marketplace for Web3, similar to Apple’s Appstore, Apple Music, and Amazon’s Kindle store, by connecting existing industries to Web3 with its proprietary technology-driven platform.

The PRMX token has several unique features and benefits that set it apart from other tokens. Firstly, it supports the ecosystem of the PREMA platform and is compliant with the ERC-20 token standard for the Ethereum blockchain, ensuring mature security performance, processing power, and various durability features. Secondly, PRMX token can be used for gas payments in the PREMA chain and as a means of payment in the PREMA platform, as well as for SCM (Supply Chain Management) by service providers in the PREMA platform and as an incentive for service users. Users can also lock PRMX tokens to obtain more utilities depending on their duration and quantity, such as priority guidance for free mint and whitelist of NFTs, priority guidance for use in NFT’s URL and IRL, discounts on trading commissions, and access to platform extensions.

Tokenomics and Distribution Model

Total Token Supply and Distribution

The PREMA (PRMX) crypto token has a total token supply of 100,000,000,000 tokens, with 288,322,108 PRMX in circulation as of the current date. The market capitalization is $428.81, and the fully diluted market cap is $136,000.

The PREMA token distribution model allocates the tokens as follows: - Accelerators: 15% (15,000,000,000 PRMX) - Marketing: 30% (30,000,000,000 PRMX) - Ecosystem: 45% (45,000,000,000 PRMX) - Team: 10% (10,000,000,000 PRMX)

Vesting Periods, Lock-Ups, and Release Schedules

There is no explicit mention of vesting periods, lock-ups, or release schedules for tokens held by various parties in the provided source. However, the concept of vesting schedules is discussed in the general context of tokenomics in the LinkedIn article. It is a common practice in token distribution to prevent immediate token dumps by founders, advisors, and team members. Therefore, it is possible that the PREMA token distribution includes vesting schedules, but this information is not provided in the source.

Inflation Control Mechanisms

Regarding tokenomics and inflation control mechanisms, the PREMA whitepaper does not provide specific details on whether there are any token burning or staking rewards in place. However, it is essential to consider that the tokenomics and distribution model can significantly impact the value and utility of a token. The study of tokenomics includes several critical aspects, such as utility tokens, gas tokens, governance tokens, and supply dynamics, which can influence the token's value and utility.

The Team Behind PREMA

Core Team Members and Their Qualifications

The PREMA crypto token is developed by X-Creation Inc., led by Masahiro Kawakami, who serves as the President and CEO of the company. The company is working on several projects exploring the use of NFTs and blockchain technology across various use cases, ranging from fintech to entertainment.

In 2020, PREMA obtained a patent to operate NFTs using QR codes and NFC tags, which is crucial for driving mainstream adoption of NFTs. This technology allows PREMA to operate NFTs through QR codes or NFC tags on physical products, enabling inexpensive traceability of mail and establishing proof of genuineness for products in the future.

Notable Advisors,