ProgressiveRobot Coin or PRGR is a community focused cryptocurrency based on the Ethereum blockchain. This Coin follows a smart contract standard ERC20.
What is a smart contract standard ERC20?
The ERC20 standard is a technical standard used to create and manage tokens on the Ethereum blockchain. It stands for Ethereum Request for Comment 20 and outlines a set of rules and functionalities that Ethereum-based tokens must follow to ensure compatibility and interoperability within the Ethereum ecosystem.
Key Features of the ERC20 Standard
Uniformity
ERC20 defines a common set of rules that all tokens must follow, making them interoperable with wallets, exchanges, and decentralized applications (dApps).
Simplicity for Developers
Developers can build tokens more easily without having to create new protocols for basic token functionality.
Wide Adoption
The ERC20 standard is the most commonly used token standard on Ethereum, making it a default choice for creating fungible tokens.
Core Functions and Rules of ERC20
Why is ERC20 Important?
The ERC20 standard is the foundation of thousands of cryptocurrencies and has played a critical role in the growth of decentralized finance (DeFi) and the blockchain ecosystem.
Blockchain for DeFi, NFT & Gaming
Best of all worlds
PRGR chain integrates the best aspects of the most commonly used blockchains while maintaining full smart contract compatibility.
Introducing PRGR
PRGR is an EVM compatible blockchain for DeFi. It is fast, scalable, has low transaction costs and does no wasteful mining. It is built with Substrate Framework and comes with on-chain governance.
Solidity
Port your existing applications from Ethereum to PRGR without modifying your Solidity code.
Liquidity bridges
Deploy established ERC-20 assets and transfer liquidity between Ethereum and PRGR.
Staking
Bond your REEF coins and participate in PRGR validation and governance.
Community governed
PRGR is built with upgradability and long-term sustainable on-chain governance in mind.
The Blockchain for Next-Gen DeFi DApps
Introducing Progressive Robot Coin
PRGR coins and NFTs
Create your own tokens or port existing tokens onto Reef chain.
Liquidity Bridges
Deploy established PRGR assets on Progressive Robot and transfer liquidity between Ethereum and PRGR.
DEXs and AMMs
Trade any PRGR asset on decentralized exchanges.
Stablecoins and money markets
Hedge against volatility and earn interest on your stablecoin loans.
Built with Substrate Framework
PRGR features next-gen blockchain technology, utilizing Nominated Proof of Stake consensus, EVM extensions, on-chain upgradability, libp2p networking and state of the art cryptography.
Governed by the PRGR community
Nominated Proof of Stake
Validators are elected by Nominators via NPoS. At the end of every block production era, Phragmén Validator elections are held.
Upgradability
PRGR is self-upgradable through the community elected Technical Council.
Fee burn
PRGR incentivizes technological progress in regards to scalability by removing fee market politics.
Governance rewards
Stake PRGR coin and earn rewards for participating in Reef governance.
