Prosper Coin is a cutting-edge platform that operates as a cross-chain prediction market and hedging tool. It is recognized for its advanced cross-chain liquidity aggregation technology. Prosper leverages Chainlink oracles to ensure accurate price feeds and offers a range of features such as prediction insurance, binary liquidity models, on-chain liquidity aggregation, and support for multiple chains and traditional currencies.
Platform Features and Token Utility
The platform’s native token, PROS, serves various purposes including prediction insurance, governance, commission payments, and premium subscriptions. Prosper operates as a short-term, non-custodial prediction and hedging platform on Ethereum and Binance Smart Chain, with PROS facilitating governance, private pool creation, insurance, and commission discounts.
As a decentralized platform, Prosper relies on smart contracts to manage its prediction pools, which come in 15-minute, 30-minute, and 60-minute durations. The platform generates 168 pools weekly on the BSC network, with pool prices derived from moving averages and technical analysis, and plans to introduce pools with custom prices.
Participants in Prosper’s pools can back either bulls or bears, with winners determined by the asset’s price at the pool’s closing relative to the starting number. Oracle price feeds are used to ensure price accuracy and prevent manipulation. Rewards are distributed to the winning side proportionate to their initial investment, and must be claimed within 48 hours.
Prosper aims to address the liquidity challenges faced by crypto prediction markets by implementing binary liquidity provision models. Since the platform focuses on short-term predictions, the outcome of each pool is largely random, offering a positive expected value for liquidity providers.