What is Prosper (PROS) | What is Prosper token | What is PROS token

PROSPER is a short-term non-custodial prediction& hedging platform based on the Binance Smart Chain.

Prosper binary predictions technical overview

While we are still preparing for the prediction mining event, we’ve decided to release a few publications on the “dark” side of Prosper, which will allow you to deep into the technical details. Today we will talk a bit about our integration with Chainlink, different approaches to determine the final price and will touch our general vision on upcoming on-chain liquidity aggregation and cross-chain support.

The important thing to add here, is that Prosper’s binary predictions is only a tip of the iceberg and just a way to start our journey. The overall concept of Prosper is some sort of Uniswap for the predictions.

Chainlink price feeds

As we’ve already announced, Prosper uses Chainlink price feeds in order to determine the final price. Decentralized price feeds allow us to avoid market manipulation and ensure high level of security for user funds.

Prosper is already utilizing Chainlink price-feeds at the Binance Smart Chain and Ethereum Kovan testnet. Chainlink provides feeds only for BNB/USD pairs however, more pairs will be added in the future.

BNB/USD pair:  0x0567F2323251f0Aab15c8dFb1967E4e8A7D42aeE

Image for post

BNB/USD pair ID at Prosper smart contract is 78, which can be easily verified by bscscan:

Image for post

In case if you want to check the current price feeds, go to Prosper contract code page and find the lines 119–128 [at the first file]:

Image for post

Kindly note that the Prosper’s core contract address is about to be changed soon. We are updating it for the latest version

Price determination

As far as you are probably aware, you can’t use exact time to determine the price, as blockchain operates with “blocks” as a time indicator. The average block time in the Binance Smart Chain is around 3 seconds:

Image for post

Prosper back end has a recurring task, which automatically launches every 10 seconds and checks the latest block number (±15 blocks) on Binance Smart Chain. IF there are any prediction pools which have ended in that сhecked block range [3695826–3695856 for the example above], it calls Trigger method in the prosper smart contract and awaits until trigger will get back with the finalPrice from the Chainlink feed contract. As soon as the Prosper contract received Trigger back, it sets the finalPrice for the prediction pools that has ended. If the Trigger method fails to receive a price feed, it will repeat that action until it will get an answer from the Chainlink feed contract.

Vision for on-chain liquidity aggregation

The complex things can be done in a simple way! The on-chain liquidity aggregation function is still in an early stage, but today we will try to describe our approach just in a few words. Of course, this part deserves a detailed description, but we will publish it later on.

“Building the bridges”. At the moment Prosper supports Ethereum and BSC, however, Matic and Avalanche integrations are already on their way. We also plan to add xDai in the near future. Let’s take BSC-AVALANCHE as an example to make things easier.

Before we start, we need to do some preparations:

  1. Issue a PROS-BNB version on Avalanche;
  2. Issue a PROS-AVAX version on Binance Smart Chain;

Each prediction pool has a settlement period, which is around half of the pool time. During the prediction acceptance period, Prosper is collecting users predictions on BSC with $BNB and on Avalanche in $AVAX. After the acceptance period has ended, Prosper automatically adds the same amount of pbAVAX (which equals 1 native AVAX) to BSC prediction pool and paBNB to the Avalanche prediction pool. The winners will split those synthetix assets according to the same rule as the main one. After the outcome has been determined, the user will receive those tokens to his balance in the same proportion as the main asset. The synthetix tokens can be easily swapped or used for future predictions via Prosper UI.

We hope that this small description gave you some basic understanding of how will on-chain liquidity work. We will publish a detailed technical description of this method later on, for now make sure you follow us on social media channels, as the prediction mining details and guide will be announced already tomorrow.

Prosper`s mainnet guide

Image for post

Greetings, our dear community members! While we all are waiting for the prediction mining, we’ve decided to update a detailed guide on Prosper’s UX, as it’s important to know how to use the platform, before you start to mine.

Important: please, note, that from now on you will make predictions on Binance Smart Chain using your real assets. At the moment we accept predictions only via BNB and on BNB for 1, 4 and 24 hour timeframes. We will be adding more prediction pairs shortly.

After the prediction mining launch timeframes will be change to:

1 hour -> 15 minutes. Prediction period: 5 minutes

4 hours -> 30 minutes. Prediction period: 10 minutes

24 hours -> 60 minutes. Prediction period: 15 minutes

Step 1: connecting BSC mainnet to Metamask

To predict on Prosper, BSC mainnet must be attached to your Metamask wallet. First, you should open Metamask extension in your browser and open “Settings” page:

Image for post

Then you need to add Binance Smart Chain mainnet, clicking on “Add network” button and filling in the necessary parameters:

Image for post

  1. **RPC: **https://bsc-dataseed.binance.org/
  2. ChainID: 56 (if 56 doesn’t work, try 0x38)
  3. Symbol: BNB
  4. **Block Explorer: **https://bscscan.com

Now the first step is almost finished, but it is important to check up, if you have enough BNBs to make your first prediction on Prosper, since you are using your real assets. Let’s move to the next step.

Step 2: make a prediction

After attaching BSC mainnet and checking up BNBs, we are ready to start. Go to  https://prosper.so/, than press “Predict now” button:

Image for post

This button got you to the main Prosper page. Press “Connect wallet” button:

Image for post

Now if you did everything right, the page will now look like on the next screen, where you will see your wallet and balance, and after that you can choose the timeframe you want (the ones that are at acceptance period) and the actual currency (right now Prosper only supports BNB, but other currencies will be added soon). Press the yellow “Bet” button. Note, that each pool has its own acceptance period, so if button is yellow, you can place your prediction, and if it is grey, predictions are unavailable [You can find more information about our acceptance period at the start of this publication]:

Image for post

On the screen below you should type the amount of BNBs you actually want to use for the prediction and choose the side between bulls and bears. Click “Confirm” after you have completed all this actions:

Image for post

Great! Your first prediction on Prosper is made! If it is alright, you will see the next pop-up screen:

Image for post

Step 3: claiming your prize

First, you have to check up with the pools that have actually ended, and found the one you have participated in. Then you will see the active “Claim” button. Press it and you will gain your reward if you were accurate with your prediction. If you were wrong in predicting the outcome, you will see a pop-up saying “You are not eligible for claiming prize”

Image for post

At the moment of prediction placing, each user may reserve some amount of PROS token in order to ensure his prediction. The maximum amount of the reserved tokens equals 10% of the user prediction amount. Each exact pool has own insurance fund.

At the moment of the reward distribution,

15% of the prize is taken to the pool insurance fund and distributed to users who lost their predictions, but reserved PROS tokens for the insurance.

The distribution is linearly based on the amount of reserved tokens.

Please add our communication channel to keep you up to date! Looking for more information…

WebsiteExplorerExplorer 2Social ChannelSocial Channel 2Message BoardMessage Board 2Coinmarketcap

Would you like to earn PROS right now! ☞ CLICK HERE

Top exchanges for token-coin trading. Follow instructions and make unlimited money

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Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #prosper #pros

What is GEEK

Buddha Community

What is Prosper (PROS) | What is Prosper token | What is PROS token

What is Prosper (PROS) | What is Prosper token | What is PROS token

PROSPER is a short-term non-custodial prediction& hedging platform based on the Binance Smart Chain.

Prosper binary predictions technical overview

While we are still preparing for the prediction mining event, we’ve decided to release a few publications on the “dark” side of Prosper, which will allow you to deep into the technical details. Today we will talk a bit about our integration with Chainlink, different approaches to determine the final price and will touch our general vision on upcoming on-chain liquidity aggregation and cross-chain support.

The important thing to add here, is that Prosper’s binary predictions is only a tip of the iceberg and just a way to start our journey. The overall concept of Prosper is some sort of Uniswap for the predictions.

Chainlink price feeds

As we’ve already announced, Prosper uses Chainlink price feeds in order to determine the final price. Decentralized price feeds allow us to avoid market manipulation and ensure high level of security for user funds.

Prosper is already utilizing Chainlink price-feeds at the Binance Smart Chain and Ethereum Kovan testnet. Chainlink provides feeds only for BNB/USD pairs however, more pairs will be added in the future.

BNB/USD pair:  0x0567F2323251f0Aab15c8dFb1967E4e8A7D42aeE

Image for post

BNB/USD pair ID at Prosper smart contract is 78, which can be easily verified by bscscan:

Image for post

In case if you want to check the current price feeds, go to Prosper contract code page and find the lines 119–128 [at the first file]:

Image for post

Kindly note that the Prosper’s core contract address is about to be changed soon. We are updating it for the latest version

Price determination

As far as you are probably aware, you can’t use exact time to determine the price, as blockchain operates with “blocks” as a time indicator. The average block time in the Binance Smart Chain is around 3 seconds:

Image for post

Prosper back end has a recurring task, which automatically launches every 10 seconds and checks the latest block number (±15 blocks) on Binance Smart Chain. IF there are any prediction pools which have ended in that сhecked block range [3695826–3695856 for the example above], it calls Trigger method in the prosper smart contract and awaits until trigger will get back with the finalPrice from the Chainlink feed contract. As soon as the Prosper contract received Trigger back, it sets the finalPrice for the prediction pools that has ended. If the Trigger method fails to receive a price feed, it will repeat that action until it will get an answer from the Chainlink feed contract.

Vision for on-chain liquidity aggregation

The complex things can be done in a simple way! The on-chain liquidity aggregation function is still in an early stage, but today we will try to describe our approach just in a few words. Of course, this part deserves a detailed description, but we will publish it later on.

“Building the bridges”. At the moment Prosper supports Ethereum and BSC, however, Matic and Avalanche integrations are already on their way. We also plan to add xDai in the near future. Let’s take BSC-AVALANCHE as an example to make things easier.

Before we start, we need to do some preparations:

  1. Issue a PROS-BNB version on Avalanche;
  2. Issue a PROS-AVAX version on Binance Smart Chain;

Each prediction pool has a settlement period, which is around half of the pool time. During the prediction acceptance period, Prosper is collecting users predictions on BSC with $BNB and on Avalanche in $AVAX. After the acceptance period has ended, Prosper automatically adds the same amount of pbAVAX (which equals 1 native AVAX) to BSC prediction pool and paBNB to the Avalanche prediction pool. The winners will split those synthetix assets according to the same rule as the main one. After the outcome has been determined, the user will receive those tokens to his balance in the same proportion as the main asset. The synthetix tokens can be easily swapped or used for future predictions via Prosper UI.

We hope that this small description gave you some basic understanding of how will on-chain liquidity work. We will publish a detailed technical description of this method later on, for now make sure you follow us on social media channels, as the prediction mining details and guide will be announced already tomorrow.

Prosper`s mainnet guide

Image for post

Greetings, our dear community members! While we all are waiting for the prediction mining, we’ve decided to update a detailed guide on Prosper’s UX, as it’s important to know how to use the platform, before you start to mine.

Important: please, note, that from now on you will make predictions on Binance Smart Chain using your real assets. At the moment we accept predictions only via BNB and on BNB for 1, 4 and 24 hour timeframes. We will be adding more prediction pairs shortly.

After the prediction mining launch timeframes will be change to:

1 hour -> 15 minutes. Prediction period: 5 minutes

4 hours -> 30 minutes. Prediction period: 10 minutes

24 hours -> 60 minutes. Prediction period: 15 minutes

Step 1: connecting BSC mainnet to Metamask

To predict on Prosper, BSC mainnet must be attached to your Metamask wallet. First, you should open Metamask extension in your browser and open “Settings” page:

Image for post

Then you need to add Binance Smart Chain mainnet, clicking on “Add network” button and filling in the necessary parameters:

Image for post

  1. **RPC: **https://bsc-dataseed.binance.org/
  2. ChainID: 56 (if 56 doesn’t work, try 0x38)
  3. Symbol: BNB
  4. **Block Explorer: **https://bscscan.com

Now the first step is almost finished, but it is important to check up, if you have enough BNBs to make your first prediction on Prosper, since you are using your real assets. Let’s move to the next step.

Step 2: make a prediction

After attaching BSC mainnet and checking up BNBs, we are ready to start. Go to  https://prosper.so/, than press “Predict now” button:

Image for post

This button got you to the main Prosper page. Press “Connect wallet” button:

Image for post

Now if you did everything right, the page will now look like on the next screen, where you will see your wallet and balance, and after that you can choose the timeframe you want (the ones that are at acceptance period) and the actual currency (right now Prosper only supports BNB, but other currencies will be added soon). Press the yellow “Bet” button. Note, that each pool has its own acceptance period, so if button is yellow, you can place your prediction, and if it is grey, predictions are unavailable [You can find more information about our acceptance period at the start of this publication]:

Image for post

On the screen below you should type the amount of BNBs you actually want to use for the prediction and choose the side between bulls and bears. Click “Confirm” after you have completed all this actions:

Image for post

Great! Your first prediction on Prosper is made! If it is alright, you will see the next pop-up screen:

Image for post

Step 3: claiming your prize

First, you have to check up with the pools that have actually ended, and found the one you have participated in. Then you will see the active “Claim” button. Press it and you will gain your reward if you were accurate with your prediction. If you were wrong in predicting the outcome, you will see a pop-up saying “You are not eligible for claiming prize”

Image for post

At the moment of prediction placing, each user may reserve some amount of PROS token in order to ensure his prediction. The maximum amount of the reserved tokens equals 10% of the user prediction amount. Each exact pool has own insurance fund.

At the moment of the reward distribution,

15% of the prize is taken to the pool insurance fund and distributed to users who lost their predictions, but reserved PROS tokens for the insurance.

The distribution is linearly based on the amount of reserved tokens.

Please add our communication channel to keep you up to date! Looking for more information…

WebsiteExplorerExplorer 2Social ChannelSocial Channel 2Message BoardMessage Board 2Coinmarketcap

Would you like to earn PROS right now! ☞ CLICK HERE

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobi

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #prosper #pros

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1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

  • The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
  • It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
  • The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
  • It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
  • The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

  • Dev burned all tokens in the wallet before the launch.
  • Fair launch on DxSale.
  • LP locked on DxLocker for four years
  • LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

  • Stable Rewards
  • Manual Burning
  • LP Acquisition
  • Community Governed Tokens
  • RFI Staking Rewards
  • Automated Liquidity Pool
  • Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

  • The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
  • It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
  • The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
  • It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
  • The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
  • Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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