🔔 Preface:
@Prosper is a decentralized prediction market platform that aims to provide users with a transparent and fair prediction market experience through on-chain liquidity aggregation.
Since its launch in 2021, Prosper has gradually established its position in the blockchain community with its innovative prediction functions, cross-chain integration, and diversified market support, especially developing rapidly on BNB Chain and attracting a large number of users.
1️⃣ Project and background introduction:
#Prosper is the world's first decentralized prediction market platform based on on-chain liquidity aggregation, focusing on prediction pools created and managed by users. The platform allows users to make predictions in multiple markets, including cryptocurrencies, sports events, and financial trends. Its cooperation with Chainlink Oracle ensures that the platform provides accurate market data and enhances users' prediction experience.
In order to attract more users, Prosper has also integrated fiat currency payment functions, allowing users who are not familiar with cryptocurrencies to participate in the platform's prediction activities. This innovation has broadened the platform's user base.
2️⃣ Core features:
🔸 Prediction Insurance: Prosper offers a unique prediction insurance feature that allows users to lock up to 10% of their funds to purchase insurance for prediction activities, reducing the risk of potential losses due to prediction failures.
🔸 Decentralized Autonomous Organization (DAO): Prosper’s governance is entirely managed by the community. Users holding PROS tokens can vote through the DAO to decide the future development strategy of the platform.
🔸 Cross-chain support: The platform supports multiple blockchains, allowing users to make predictions on multiple chains and no longer be restricted to a single network, which greatly improves the scalability and flexibility of the platform.
🔸 Fiat Currency Integration: By integrating fiat currency payments, Prosper enables even users who are not familiar with cryptocurrencies to participate in predictions, attracting more non-crypto users to the platform.
3️⃣ Core token situation:
Prosper's native token $PROS is an ERC-20 standard token. As the core asset within the platform, it has multiple uses. The current market value of PROS is $12.55 million, the total supply of tokens is 100 million, and the current circulation is approximately 32.59 million.
➤ Payment of handling fees: When users make predictions on the platform, they need to use PROS tokens to pay the handling fees for related operations.
➤ Prediction Insurance: PROS tokens can be used to purchase prediction insurance, further providing financial protection for users.
➤ Participate in governance voting: Users holding PROS can participate in DAO voting to decide the future development of the platform and the launch of new features.
4️⃣ Ecosystem:
Prosper's ecosystem continues to expand through its partnership with its parent company Animoca Brands, which provides it with industry resources and technical support to help it gain a foothold in the decentralized prediction market.
In addition, Prosper plans to continuously expand its cross-chain prediction capabilities and support more blockchain networks to better serve global users.
🎯 Summary:
Prosper brings users a more flexible prediction experience by providing a decentralized prediction market platform, especially functions such as prediction insurance and cross-chain support, which enhances users' risk management capabilities and operational convenience.
This article does not constitute any investment advice! Investors need to carefully assess risks and market performance! #DYOR
🤝 Thank you everyone！
