Prosper Launches as First Non-Custodial Prediction Market on Avalanche
Prosper is celebrating Avalanche chain launch with “Prediction Mining” program to reward Avalanche users.
Prosper, a non-custodial, cross-chain prediction market and hedging platform, has completed its integration and has officially launched on Avalanche! DeFi users on Avalanche can now access the Prosper application, and participate in a “Prediction Mining” promotion to earn a share of 22,680 Prosper tokens ($PROS) allocated to Avalanche users.
Now that the application has launched, Prosper will continuously work on Avalanche liquidity aggregation and connection between all blockchains that Prosper supports.
We are excited to implement Avalanche on our Prosper Platform. This will allow Prosper users to use AVAX as the basic prediction token for all of Prosper’s features and functionalities — and to interact with one of the fastest, most exciting and adopted blockchain. Additionally, our integration with Avalanche will help attract more predictors to the Prosper platform, build trust in the community, and help grow and build out more useful features. This effort with Avalanche is an extension of Prosper’s efforts to collaborate with the biggest players of the DeFi world.
Prediction Mining on Avalanche
Prediction Mining is a mechanism pioneered by Prosper to reward users with its native token, $PROS, for participating in its prediction markets. Upon placing predictions on the market, users become eligible for $PROS to be distributed after the seven days prediction mining period.
The promotion will run for 7 days, starting March 29 and ending on April 5:
- Total reward pool: 22,680 $PROS
- Daily reward pool: 3,240 $PROS
- Reward per one prediction pool: 135 $PROS
Depending on the amount of $PROS held in their wallets, users will earn a higher percentage of earned rewards in accordance with this schedule:
- Users holding 0 $PROS will receive 30% of eligible rewards.
- For every 30 $PROS held in a wallet, users increase their reward return ratio by 1%.
- Users holding 2010$PROS or more will receive 100% of eligible rewards, as well as a proportional share of any remaining rewards.
The Prosper team has prepared a tutorial for using its application here:
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
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.