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What is Prosper (PROS) coin and how does it work?

by Financial Economy

Prosper is described as a cross-chain prediction market and hedging platform that pioneered cross-chain liquidity aggregation technology. Prosper uses Chainlink oracle to provide the most accurate price feeds. Information about some topics that what is Prosper (PROS) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about TAROT coin.

What is Prosper (PROS) coin and how does it work?

Prosper is a crypto unit that has Ethereum infrastructure and offers a private pool system to its users. Unlike other prediction markets, PROSPER allows users to create their own pools on their own terms. To create a private pool, the user needs to keep some PROS tokens in their wallet. The forecast creator can set his own custom treasure ratio.

The native cryptocurrency of the PROSPER platform is the PROS coin. Pros token is used for the following purposes:

Management: All platform fees contribute to Prosper’s Smart Treasury. DAO management participants will receive a portion of the Smart Treasure monthly.

Custom pools: Users will be able to create custom forecast pools. To create a private pool, users need to keep some PROS tokens in their wallets. Pool Owners can set parameters such as pool fee rate and time interval.

Insurance system: With Prosper Insurance, 15% of total losing bets are redistributed to eligible losing participants. Each pool has its own insurance fund and is calculated and distributed immediately in the pool agreement. Users must have PROS to participate in the program. If a bet is lost, PROS holders receive a cashback in the prediction currency. But their PROS is locked for 14 days.

Platform fees: Users get 50% discount by paying through PROS. Platform fees received in PROS are then burned.

Which exchange is PROS coin on?

Prosper coin is listed on some cryptocurrency exchanges such as Binance, Gate.io, Billance, HitBTC, Uniswap (V3), etc.

How to buy PROS coins?

Prosper coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

PROS coin supply!

Total and maximum supply of Prosper coin is 100.000.000 PROS.

PROS coin price!

As of September 22, 2022, at the time of the writing, 1 Prosper coin price is around $0.08106 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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