Prosper is the world’s leading prediction market, which also facilitates on-chain aggregation. It is using Chainlink price feeds to speculate the final price of an asset. This platform depends on decentralized price feeds. It helps this price prediction marketplace bypassing market manipulation and guaranteeing top-level security for the user’s funds.
This platform is actively using Chainlink price feeds at Ethereum Kovan Testnet and Binance Smart Chain. Chainlink offers information only for BNB/USD pairs. Therefore, this platform is willing to add many other pairs in the future.
This platform has also introduced its PROS utility token, which the Prosper community will need for many operations.
What is the Prosper (PROS) coin?
Prosper has become popular as a short-term non-custodial hedging and prediction platform. It is developed on the Binance Smart Chain and Ethereum. This platform is currently providing users with two products, which include:
This platform offers prediction pools that operate as single prediction markets. Each prediction pool has two sides, bears and bulls. This platform empowers its users to craft custom prediction pools along with using the House Pools.
Suppose you want to create a custom prediction pool, you need the PROS coin for this job. It can benefit you a lot because you can earn funds from fees. You will manage the custom pool and its revenue will go to your account.
Prosper will seed pools by gaining and using liquidity from the LPs or liquidity providers. If there are pools lacking proportionally matched bets, liquidity providers will facilitate funds to gain a fraction of fees. This fee is collected in the form of PROS tokens and liquidity providers gain some percentage of that fee.
Pros token use cases
Prosper coin or PROS token has the following use cases:
Whenever users will use Prosper’s services, they will pay a fee in the form of PROS coins. These coins are collected in Prosper’s Smart Treasury. All the decentralized autonomous governance participants will gain a part of that fee collection every month. They can also use their tokens to propose functional changes and vote for the changes.
This platform allows regular users to build custom prediction pools. They need to hold a certain amount of PROS coins for this special perk. Once the pool is created, the owner can set up parameters, including timeframe, fee rates, etc.
This platform has an insurance system to compensate users. Suppose a participant loses many bets, he regains 15% of all the lost bets with the insurance. Each prediction pool calculates and distributes the insurance fund immediately. Only PROS coin holders can take advantage of this feature! The refunded fund is locked for the next 14 days!This platform has an insurance system to compensate users. Suppose a participant loses many bets, he regains 15% of all the lost bets with the insurance. Each prediction pool calculates and distributes the insurance fund immediately. Only PROS coin holders can take advantage of this feature! The refunded fund is locked for the next 14 days!
This platform will charge some fees for offering top-notch services. A PROS coin holder can get a 50% discount on the fees.
How to buy the Prosper (PROS) coin?
There will be a maximum supply of 100,000,000 PROS coins. 4,474,804 PROS coins are currently circulating. USD 13,763,009 market cap makes Prosper a noteworthy project for the investors.
The PROS Coin holders gain some amazing perks and rebates, which are otherwise unavailable. Therefore, many people are investing in the PROS coin. You should follow the below-given process if you also wish to buy PROS coins:
Build an account on a crypto exchange
Many cryptocurrency exchanges are offering flawless support for crypto trading. You should select a platform where you can deposit funds in fiat currency. Exchanges accept USD, CAD, GBP, EUR, and several other fiat currencies.
Make sure you can deposit funds in your local currency otherwise it will be a daunting process to buy the PROS coin. Provide all the needed information, agree to terms and conditions, and then follow the next step.
You need money to buy cryptocurrencies. So, check the latest rates and decide how many coins you are going to buy. Transfer funds required to acquire the number of cryptocurrencies you need.
Modern crypto exchanges provide a variety of money deposit methods. Try any convenient way to transfer your money and then follow the next step.
Buy a cryptocurrency
You can easily buy a cryptocurrency once you have deposited funds. Go to the fiat-to-crypto exchange page and select a cryptocurrency, like BTC, XRP, LTC, ETH, etc. Check the current price and how much trading fees you will pay. Proceed ahead if everything is perfect and the exchange will transfer the acquired amount of crypto assets to your cryptocurrency wallet.
Buy the PROS coin
The PROS coin is an altcoin and it is listed on all the top-rated altcoin exchanges. You might not find this coin on a fiat-to-crypto exchange. Therefore, you will have to join a crypto-to-crypto exchange.
Pick any trusted cryptocurrency exchange which is featuring the PROS coin for trading. The joining process will be simple and you can easily transfer your cryptocurrency to the new exchange.
Now, go to the trading page and check all the available pairs for the PROS coin. Choose a pair that includes your crypto asset and then select the number of coins you want to exchange. Check the exchange rates and the fees apply to your trade and then proceed ahead. You will receive the selected number of PROS coins within a few minutes!