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Prosper is an innovative platform that combines prediction markets and hedging across different blockchains. It is at the forefront of on-chain liquidity aggregation technology. The platform utilizes Chainlink oracle to ensure accurate price feeds. Key features of Prosper include prediction insurance, a binary liquidity model, on-chain liquidity aggregation with crosschain support, fiat support, custom pools, DAO governance, prediction mining, and more. The $PROS token serves multiple purposes, including being a prediction insurance token, a DAO governance token, a commission token, and a premium/subscription token.
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What is the description of the coin?
Prosper is a decentralized non-custodial prediction market that operates on smart contract logic. The system consists of three types of pools: 15 minutes, 30 minutes, and 60 minutes. Each day, the Prosper smart contract generates 168 pools on the BSC network. The predicted price of a new pool is determined using moving averages and technical analysis, with the option to implement custom prices. Once a pool is opened, users can place bets on whether the price will be above or below the starting number at the pool's end time. To ensure transparency, Prosper utilizes oracle price feeds to confirm the price, eliminating the risk of manipulation.
The reward distribution is straightforward. If the bears or bulls win, the prize is split among the participating bears or bulls based on the percentage of their initial investment. However, users must claim their rewards within 48 hours. After this period, the prize cannot be claimed.
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