Prosper
Published in

Prosper

PROSPER ANNOUNCES STAKING CAMPAIGN: $3,500,000 REWARDS in $PROS

Prosper is proud to announce its big staking campaign designed to reward investors and platform users. Prosper $PROS token holders will be rewarded for mining and staking their tokens with a large total distribution of 702,000 $PROS tokens. To elaborate, approximately $3,500,000 USD worth of $PROS tokens will be distributed in two different staking mechanisms: mining as the first staking method will be prediction mining, and the second staking method will be announced in a few days.

Mining event with $MATIC token

We previously launched two very successful mining events back in January and February with the incentive to reward users of our prediction platform. Therefore, we decided that our upcoming relaunch event on the Polygon Network would also feature this highly engaging prediction mining event!

Per our upcoming MATIC prediction mining event, we will be rewarding 145,800 $PROS tokens, approximately $700,000 the first 45 days of the relaunch of our prediction pools. 145,800 will be allocated to the Prosper pools on the Polygon network.

Each individual pool will have a fixed $PROS amount reward distributed to all predictors, allocated to both winners and losers of the pools. Yes, you read that correctly, winners and losers win the $PROS prediction mining reward! Each participant will receive a share of the pool’s rewards proportional to his share of the pool’s predicted amount. The rewards will be distributed approximately every 2 weeks.

In addition, a reward of $2,000 in MATIC will be distributed every day for the first 5 days to top 3 predictors with the highest daily volume of predictions.

As we want to reward $PROS owners, a multiplier will be applied to these rewards:

  • Users with 0 $PROS on their wallet will receive 30% of the rewards they were allocated.
  • This 30% base will be improved by 1% for every 15 $PROS owned, meaning a wallet with 1050 $PROS will effectively be eligible for 100% of its allocated rewards.
  • Wallets owning more than 1050 $PROS will receive their share of the remaining 70% rewards not distributed to the non-holders as Extra Rewards.

Example:

On a 1h pool users earned the following cashback:

Alex: 10 $PROS

Anthon: 15 $PROS

Jerry: 20 $PROS

Oleg: 25 $PROS

Kyle: 40 $PROS

John: 25 PROS

Their token balances at the snapshot time:

Alex: 1050 $PROS

Anthon: 750 $PROS

Jerry: 150 $PROS

Oleg: 0 $PROS

Kyle: 1500 $PROS

John: 1650 $PROS

The final distribution will be the following:

Total reward pool: 135 $PROS

Alex: 10 * (0,3+(1050/15)/10) = 10 $PROS

Anthon: 15 * (0,3+(750/15)/10) = 12 $PROS

Jerry: 20 * (0,3+(150/15)/10) = 8 $PROS

Oleg: 25 * 0,3 = 7,5 $PROS

Kyle: 40 * (0,3+(1050/15)/10) = 40 $PROS + (32,5*0,4286) = 53,9295

John: 25 * (0,3+(1050/15)/10) = 25 $PROS + (32,5*0,5714) = 43,5705

Only Kyle and John are eligible for extra rewards. Extra rewards = 135–10–12–8–7,5–40–25 = 32,5 $PROS. Kyle and John will share them on a proportional basis depending on their additional $PROS stake.

Kyle additional stake = 1500–1050 = 450 $PROS (42,86%)

John additional stake = 1650–1050 = 600 $PROS (57,14%)

We are very enthusiastic about the prediction mining event and the opportunity for Prosper predictors to be rewarded for their predictions in the Prosper pools. Between the sizable amount of $PROS tokens distributed, and the anticipated volume in predictions during this prediction mining event, we are excited for increased visibility, adoption, and promotion of the Prosper prediction pools.

About Prosper

Prosper is a non-custodial crosschain prediction market and hedging platform. Prosper is developing a unique technology of on-chain liquidity aggregation to solve problems of prediction markets landscape.

Core features of Prosper.so include:

  • Cross-chain predictions support and on-chain liquidity aggregation
  • Binary liquidity model
  • Bet insurance
  • User-owned predictions and options
  • Fiat integration

Predict now |Telegram | Twitter | Announcements | Website

--

--

--

Short-term non-custodial prediction and hedging platform based on Binance Smart Chain. Pooler allows confident traders to maximize their profits by participating in 1, 8 or 24 hour predictions. Start here: https://beta.prosper.so

Recommended from Medium

Scaling ETH 2.0 With bloXroute

Product Technology & Community Progress Daily-April 30, 2020

Creditcoin 1.1 Hard-Fork

Introducing Prosper’s second staking option

Ultimate blockchain crypto bridge

GameFi a hundred schools of thought contend, MetaWorld has entered the game strongly to promote the…

Yield360

Elrond, Scalable, Agent Center Distributed Computing Platform

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Prosper

Prosper

Short-term non-custodial prediction and hedging platform based on Binance Smart Chain. Start here: https://beta.prosper.so

More from Medium

XCAD Network Update & Suspension of growth campaign

UPDATE: Community 2.0

#parkhealth #oers #parkhealthoers #protocol #CY01DPVO

$ZKP Staking Is Now Live Natively and In Huobi!