What Is Prosper (PROS)?

Prosper (PROS) is a non-custodial prediction market. The platform aims to function as a cross-chain prediction market to predict the values of different assets or cryptocurrencies. Cross chain is the way two blockchains can communicate with each other. Prediction markets are where an individual can predict an outcome and get rewards for the right results.

Prosper is a decentralized platform and works on the logic of smart contracts. The platform aims to operate as a non-custodial market, wherein the platform does not have any control over the users' wallets. Prosper works on the Binance Smart Chain (BSC) mainnet. Mainnet is a blockchain with fully developed protocols.

Prosper aims to employ a pool system as an operational model. Accordingly, the platform aspires to create three prediction pools every day—at 15, 30, and 60 minutes. Prosper aims to generate 168 pools a day on the BSC network. Also, Prosper seeks to allow users to place predictions for BNB and ETH on the pools. The platform aims to enable users to place a custom value on each pool to predict an asset value.

Additionally, the Prosper network aims to use a special liquidity provision to ensure the availability of assets in the pool. According to the website, the Prosper network aims to use short-term prediction markets or pools for validation of the results of each prediction.

Prosper also aims to allow users to develop pools with individual conditions. However, the platform seeks to enable the PROS token holders to create prediction pools. PROS is the token offering of the platform. The platform uses PROS tokens to create pools as insurance against predictions and rewards. Hence, Prosper wants to develop a multi-asset prediction and hedging platform for PROS token holders.

History of Prosper (PROS)

The launch of the Prosper prediction platform was in 2021, with the initial site for terms in 2020. According to the website, a facility in the Republic of Estonia controls the platform's operations.