Prosper

Prosper (PROS) is a non-custodial, cross-chain prediction market and hedging platform that aims to innovate in the field of on-chain liquidity aggregation. The platform allows users to make predictions on various outcomes and provides a unique prediction insurance system. It supports custom pools owned by users, enabling them to set their own conditions for participation. Prosper utilizes Chainlink oracles for accurate price feeds and offers features such as fiat integration, liquidity programs with stablecoin income, and DAO governance. The native token of the platform, PROS, is used for various purposes within the ecosystem, including prediction insurance, governance, and payment of commissions.

• Utility:

• PROS tokens are utilized within the Prosper platform for various purposes including prediction insurance, liquidity provision, governance, custom pool creation, and to receive lower commission rates and liquidity incentives.

• Prediction Insurance:

• Users can reserve PROS tokens (up to 10% of their prediction amount) for prediction insurance. If they lose, a portion of the pool’s prize (15%) is distributed to these users based on the reserved amount.

• Liquidity Program:

• Aims to address liquidity issues in crypto prediction markets by offering benefits to liquidity providers such as free maximum insurance fund, high APR income, 0% treasury, and more.

• Governance:

• PROS token holders can participate in the platform’s governance by suggesting and voting on proposals.

• Custom Pools:

• Users can create their own prediction pools with custom conditions by holding PROS tokens.

• Total Supply:

• Capped at 100 million PROS tokens.

• Allocation:

• Seed round - 600,000; Strategic round - 1,142,800; Private round - 990,000; Presale round - 250,000; Prediction mining - 396,000. The rest are reserved for liquidity and future platform needs.

As of today #{today’s date}, the price of Prosper is ₹35.68 INR or 0.3857 USD, with a 24-hour trading volume of 1090422.52 USD. The market capitalization for Prosper is 12613820.52USD. The circulating supply is 32586580.17 Prosper, with the total supply also being 100000000 Prosper.

Pros:

• Cross-chain Functionality:

• Prosper supports multiple blockchains, enhancing its accessibility and potential user base.

• Prediction Insurance:

• The platform offers a unique prediction insurance system, which is a novel feature in the prediction market space.

• Custom Pools:

• Users can create their own prediction pools with custom conditions, providing flexibility and personalization.

• Chainlink Integration:

• Utilizing Chainlink oracles ensures reliable and accurate price feeds for the platform’s prediction markets.

• DAO Governance:

• The platform incorporates decentralized governance, allowing PROS token holders to participate in decision-making processes.

Cons:

• Market Volatility:

• As with all cryptocurrencies, PROS is subject to high market volatility, which can lead to significant price fluctuations.

• Complexity for New Users:

• The prediction market concept may be complex for new users to understand and participate in effectively.

• Liquidity Concerns:

• Despite efforts to address liquidity, prediction markets can still face challenges in maintaining sufficient liquidity levels.

• Regulatory Uncertainty:

• Prediction markets may face regulatory scrutiny, impacting the platform’s operations and token value.

• Adoption Rates:

• The success of the platform is contingent on user adoption, which is not guaranteed and can affect the token’s value and utility.

• Innovative Platform:

• Prosper’s unique features, such as prediction insurance and custom pools, may attract users looking for novel prediction market experiences.

• Potential for Growth:

• If the platform gains traction, there could be significant growth potential for the PROS token.

• Active Community:

• A strong community presence on social media platforms like Twitter and Telegram can indicate good user engagement and support.

• Liquidity Programs:

• The liquidity programs with stablecoin income could provide an additional incentive for users to participate in the platform.

• Cross-chain Support:

• The ability to operate across multiple blockchains could lead to broader adoption and increased demand for the PROS token.

• Prediction Insurance:

• Prosper’s prediction insurance system is a distinctive feature that differentiates it from other prediction markets.

• Custom Pool Creation:

• The ability for users to create and own custom prediction pools offers a level of customization not commonly found in other platforms.

• On-chain Liquidity Aggregation:

• Prosper focuses on solving liquidity issues in crypto prediction markets through on-chain liquidity aggregation, which is a key differentiator.

Prosper addresses the liquidity problem in crypto prediction markets by implementing binary models of liquidity provision and offering incentives for liquidity providers. This approach aims to ensure that the expected value for liquidity providers is always positive, thus solving a critical issue in the prediction market ecosystem.

Vladislavs Semjonovs is the founder of Prosper, and he has also established several other companies in the blockchain and big data analytics sectors. In September 2021, Prosper became a part of Animoca Brands’ extensive portfolio through an acquisition.

The ICO price of PROS was $0.608, and the token sale took place from 15th March to 25th March.

• Market Volatility:

• The cryptocurrency market is highly volatile, and the price of PROS can fluctuate widely.

• Regulatory Risks:

• Changes in regulations could negatively impact the platform and the value of PROS tokens.

• Liquidity Risks:

• Despite efforts to address liquidity, there is always a risk that the platform may not maintain adequate liquidity levels.

• Adoption Risks:

• The platform’s success depends on user adoption, which is uncertain and can affect the token’s long-term viability.

• Technical Risks:

• As with any blockchain-based platform, there are risks associated with smart contract vulnerabilities and potential security breaches.

There is no whitepaper or technical document available that outlines the objectives and mechanisms of Prosper's system and its associated cryptocurrency.