Ethereum

Prosper

Chainlink

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-prosper-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Prosper Coin?</a> 
Prosper is a pioneering cross-chain prediction market and hedging platform, leading in cross-chain liquidity aggregation <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">technology</a>.
<h2 style="text-align: justify" id="what-is-prosper-pros">What is Prosper (PROS)?</h2>
Prosper utilizes Chainlink oracle to provide the most accurate price feeds. The platform features include: Prediction insurance, a binary liquidity model, on-chain liquidity aggregation, cross-chain support, traditional currency support, private pools, DAO governance, and prediction mining.
PROS token is used as a prediction insurance token, DAO governance token, commission token, and Premium/subscription token.
Moreover, Prosper is a short-term non-custodial prediction and hedging platform based on Ethereum and <a href="https://en.coin-turk.com/anticipated-move-made-binance-requests-dismissal-of-charges-brought-by-cftc/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> Smart Chain. PROS is the native service token of the platform and is used for governance, creating private prediction pools, prediction insurance, commission rate discounts, and more.
As a decentralized, non-custodial prediction market, Prosper is based on smart contract logic. There are three types of pools in the Prosper system: 15 minutes, 30 minutes, and 60 minutes. Each day, the Prosper smart contract automatically creates 168 pools on the BSC network.
The new pool’s predicted price is based on moving averages and technical analyses. However, it is stated that pools with optional custom prices will also be implemented.
After a pool opens, you can favor bulls or bears. If the price (at the pool’s closing time) is above the starting number, the bulls win. The opposite is also true. To ensure maximum transparency, Prosper uses Oracle price feeds to confirm prices. This eliminates manipulation risks.
The reward distribution is simple and clear, if Bears/Bulls win, they divide the pool’s Bears/Bulls portion according to the percentage of their initial investment.
The reward can only be claimed within a 48-hour period. After 48 hours, users cannot claim the reward.
According to explanations, the fundamental problem of crypto prediction markets is the lack of liquidity. The platform aims to solve this by implementing binary liquidity provision models. Since Prosper is a short-term prediction market, the results of each pool are quite random. This means that the expected value for liquidity providers is always positive.
<h2 style="text-align: justify" id="how-to-buy-prosper-coin">How to Buy Prosper Coin?</h2>
PROS Coin can be purchased quickly and securely through <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by trading volume.
To buy PROS Coin, one must first register with Binance and then send fiat currency. After sending a fiat currency like the Turkish Lira or the US dollar, a purchase can be made in the Ethereum (ETH) PROS trading pair where PROS Coin is traded.
In addition, users can execute buy orders at prices they desire on <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, not just at the market price. To do this, use the Limit tab and simply enter the amount and price you wish to buy.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-prosper-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Prosper Coin?</a></h5>

What is Prosper Coin?

目次

COINTURK NEWS

2024年1月30日公開の他の記事

Linera Launches Public Devnet to Expand its Breakthrough Microchain Technology to Rust Developers

Cryptocurrency Market Analysis: Ethereum, BNB, and XRP Technical Insights

PEPE (PEPE), Shiba Inu (SHIB), Dogecoin (DOGE) or DeeStream (DST)? Top Analyst Picks DeeStream (D...

Cardano out of Top 10? Charles Hoskinson Reacts to Epic ADA Prediction

Visa Partners with Transak to Enhance Crypto-Fiat Transactions

EU begins sorting MiFID-regulated securities out of crypto assets

ニュースレターを購読して暗号資産の最新情報を毎日入手！