Hello everyone, I’m here again to give a good review about a good project with great team. As you have known earlier before now, my review is always based on good, great project that will benefit every investors and community member. This is another outstanding project which is different from every other existing project of its kind. I know you must have been wondering and asking yourself right now which project caught my attention, which project really worth this great review. Now have a seat and read through the whole write up line by line.
Before I go into full details of the project I would like to give simple information about the backbone of this project which is Blockchain technology. Blockchain technology is a ledger where all crypto-currency transaction are recorded and kept.
Transactions have recorded improvement over the years through the introduction of blockchain technology in various sectors. Part of the benefits of blockchain technology include; Improved Security System, Improved Efficiency e.t.c
What is Premium Block?
Premium Block is a platform where users can create a crypto pool based on a multi-chain network and can use it to gather cryptocurrencies from pool participants. This is a one-stop tool for Ethereum, Binance Smart Chain, and Polkadot network pool creation.
The safest place to gather crypto with KYC integration. Premium Block uses PRB as its governance token that gives holders to take full advantage of the platform and earn through yield farm.
What is a liquidity pool?
A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions. Liquidity pools are the backbone of many decentralized exchanges (DEX), such as Uniswap. Users called liquidity providers (LP) add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity.
The concept gained more attention with the popularization of Uniswap. Some other popular exchanges that use liquidity pools on Ethereum are SushiSwap, Curve, and Balancer. Liquidity pools in these venues contain ERC-20 tokens. Similar equivalents on Binance Smart Chain (BSC) are PancakeSwap, BakerySwap, and BurgerSwap, where the pools contain BEP-20 tokens.
However, there is no uniform platform that serves users to create multichain a pool on a single platform this increases the hassle of users for maintaining multiple Dexe’s for different chains. Premium Block is a multi-chain platform that allows users to create pools and disperse cryptocurrencies within the pool addresses.
why use Premium Block?
The premium block is the first platform to provide pool creation with a multi-chain network. There is no trustable pool creation platform that gives end-user protection. Premium block gives KYC protection for individual pools created at the discretion of the pool creator. Users can participate in the pool by investing or donating crypto based on the pool’s terms and conditions.
Know your Customer (KYC — To gain trust in a platform, users except Know your Customer (KYC). Implementing KYC integration into the platform will avoid scammers and frauds that collect the pool funds and run away.
Cryptocurrency coins and tokens are very hard to distribute to multiple addresses at the same time. Premium block platform will make it easy for pool creators to distribute the coin or token to pool addresses at the same time with less gas fees and time.
Premium block platform will conduct fundraising through initial coin offering for best top-tier projects. PRB token holders will benefit more in this fundraising whose allocation will be calculated based on weightage.
Features of Premium Block
Token distribution
Token dispersal is one of the key elements in Premium Block platform. Users can disperse tokens from one address to multiple addresses with a single transaction without creating pool. Tokens supported are BSC network, ETH network, and DOT network.
Crypto Locker
An added feature of crypto cold wallet storage will be included in the platform for Long term holders. Cryptocurrencies can be stored in cold wallets that are compatible with Binance Smart Chain network, Ethereum network, and Polkadot network.
Pool Creation
Users can create a single pool in a single network or multiple pools in different networks and can manage at the same time. Pool creators can switch between pools at a click of a button. All pools will be combined into a block-like structure so that multiple pools can be arranged in one view.
Token Swap
Premium block will implement token swap for a quick swap of token in the multi-chain network supported in the platform.
AML and Blacklist
Premium block does best to ensure the highest security when coming to pooling through KYC-enabled pool. Premium block takes numerous steps to avoid Anti-Money Laundering (AML).
Once the pool creator is reported for involving in a scam or fraud, it will immediately come to the view of the team and voting will be executed through our community. Based on the voting and reports filed against the user, the pool creator might be facing law enforcement charges or warning from the team based on the severity of the case. Once the user got reported, that user will be blacklisted and cannot use the platform until the report is resolved.
What is PRB Token?
PRB token is the key element that fuels the premium block ecosystem. Almost 80% of the platform fees collected are used for rewarding PRB token holders through staking and liquidity providers.
roadmap
PRB Governance Token
PRB token in the ecosystem can be used as a Governance token for Proposals, Ballots, and Actions. Any PRB holders can initiate a proposal. To promote a proposal to a ballot and be eligible to enter the voting queue, the ballot sponsor must stake a minimum of 500 PRB tokens. Other Members can co-sponsor the ballot by staking additional PRB, which gives the ballot a higher priority.
Conclusion
With many projects constantly experiencing security problems, the need for a secure solution is the desire of many investors. Premium Block fulfills the need for a permissionless secure platform. Grouping is not allowed with multi-chain networks. To enhance security as a measure to protect group participants, the platform includes a KYC option that will be enabled or disabled for both group creators and group participants.
Website — https://premiumblock.org/
Telegram Community — https://t.me/premiumblock
Telegram Channel — https://t.me/premiumblock_ann
Twitter — https://twitter.com/PremiumBlock
Author
Forum Username: Vechainz
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2437174
Telegram username: @Vechainz
BSC Wallet Address: 0xCdda37Ded29536dEFC3Ba14c15fFDdffF64FaF4f