Prosper (PROS) is a non-custodial, cross-chain prediction market and hedging platform that operates on multiple blockchains, including Ethereum and Polkadot. It allows users to make predictions and earn rewards for correct predictions, utilizing smart contracts to ensure transparency and security. Prosper is known for its unique features such as on-chain liquidity aggregation, prediction insurance, and custom pool creation, making it a decentralized and reliable platform for users worldwide.
The crypto Prosper (PROS) is a utility token used within the Prosper platform, a decentralized prediction and hedging market. Here are some key ways PROS is utilized:
Governance: PROS token holders can participate in the platform's governance through decentralized autonomous organization (DAO) structures, allowing them to vote on updates, features, and projects.
Custom Pools: Users can create custom prediction pools by setting their own conditions, including a custom treasury rate, using PROS tokens.
Staking: PROS token holders can generate passive income by staking their tokens, earning yield rewards in PROS.
Prediction Insurance: PROS tokens are used to create insurance against predictions, providing a safeguard for users.
Commission Rate Discounts: Holding PROS tokens can result in lower commission rates for users.
Liquidity Provision: PROS tokens are used to incentivize liquidity providers, ensuring the availability of assets in the prediction pools.
These uses highlight the versatility and importance of the PROS token within the Prosper ecosystem.
To store Prosper (PROS) tokens securely, you have two primary options: software (online) wallets and hardware (offline) wallets. Each option has its own set of tradeoffs.
Software WalletsSoftware wallets are convenient, feature-rich, and free to use. They are ideal for regular transactions and can be accessed online. For example, CryptoWallet.com supports hundreds of cryptocurrencies, including PROS. It also offers a crypto debit card for easy spending at online or offline stores that accept debit card payments.
Hardware WalletsHardware wallets are the safest option for storing large amounts or for long-term storage without needing regular access. They store your keys offline, making them more secure. Industry leaders like Trezor and Ledger support most major altcoins, including PROS. Be sure to research and ensure the specific device type you choose supports PROS before purchasing.
To buy Prosper (PROS) tokens, you can follow these steps:
Choose an Exchange: Select a reputable cryptocurrency exchange that lists and supports PROS tokens for trading. Some popular options include Binance, Coinmerce, and decentralized exchanges like PancakeSwap.
Create an Account: Register on the chosen exchange by providing a valid email address, strong password, and other required information. Verify your account through the exchange's KYC (Know-Your-Customer) process, which typically involves submitting government-issued identification and contact details.
Deposit Funds: Deposit the necessary funds into your exchange account using supported payment methods such as bank transfers, credit/debit cards, or peer-to-peer transactions. The funds will be used to purchase PROS tokens.
Search and Select PROS: Use the exchange's search function to find PROS tokens. Select the relevant option to proceed with the purchase.
Place a Buy Order: Enter the amount of PROS tokens you wish to buy and confirm the transaction. The tokens will be added to your wallet once the transaction is processed.
Additionally, you can use fiat-to-crypto exchanges like CryptoWallet.com to buy Bitcoin (BTC) with your debit or credit card and then trade BTC for PROS on an altcoin exchange that supports this trade.