What is Prosper (PROS)?
Prosper is a decentralized platform that enables users to make predictions about the values of different assets or cryptocurrencies. Participants in this market are rewarded for correctly predicting outcomes In other words, it's a cross-chain prediction market. Besides, it has an integrated on-chain liquidity aggregation protocol.
The platform is a blockchain-based system that uses smart contracts to function. It is designed to be non-custodial, meaning that users have full control over their wallets and the platform does not possess any authority. The network is powered by Binance Smart Chain (BSC).
Prosper utilizes a pool system as its operational model. It has three different pools available every day at 15, 30, and 60 minute intervals on the BSC network. The platform hopes to provide users with the opportunity to predict values for both BNB and ETH in these pools, allowing them to set their own custom values for each one. Furthermore, the network utilizes a unique liquidity provision to guarantee the supply of resources in the pool.
The PROS token is the native utility token of the platform. The live Prosper price chart above displays the current PROS price and its recent movements.
PROS Use Cases
The PROS coin has a lot of utility on the platform.
For starters, PROS crypto token holders have the ability to make predictions and form pools. The platform utilizes PROS tokens as a way of providing insurance for these bets and also offering rewards. Therefore, Prosper is aiming to create a multi-asset prediction and hedging system for those who possess PROS tokens.
Furthermore, holders of the PROS token can suggest governance proposals, and also get to vote on the proposal submitted by others. PROS tokens are given as rewards for participating in these processes. To know the value of these rewards, you can check the live PROS price chart.
PROS token holders also get to benefit from lower commission rates offered by the platform.
Additionally, they can earn liquidity incentives for staking their PROS tokens.
Who Founded Prosper?
Prosper was founded by Vladislavs Semjonovs. He has also co-founded several other blockchain-based and big data analytics companies.
In September 2021, Animoca Brands acquired Prosper as part of its global holdings. This acquisition impacted the Prosper price positively, as Animoca brands is a well-known and established cryptocurrency company.
PROS Tokenomics
The total number of PROS tokens available is capped at 100 million. The tokens were allocated in the following way:
- Seed round - 600,000;
- Strategic round - 1,142,800;
- Private round - 990,000;
- Presale round - 250,000;
- Prediction mining - 396,000.
The remaining tokens are vested in the platform’s reserves and will be used to provide liquidity going forward.
Don’t forget that you can observe the live PROS price on the chart above.
