Token Supply
Last updated
Last updated
The total token supply of PROS is 100 million (CoinMarketCap and CoinGecko).
Prosper and PROS tokens were launched 4 years ago and as such all legacy token allocations have fully vested. But to demonstrate our commitment and long-term alignment to this relaunch, we are implementing a new lock-up period as stated below (which does not apply to other existing holders or community purchasing from the available secondary markets).
Prosper’s launch partners are committed to ensuring this new strategy will be a long-term success and have no intention of exiting their positions in the near term. As such, they are willing to commit their PROS token holdings to a fresh lock-up period of 1.5 years:
Relevant wallet addresses will soon be posted publicly on the website for transparency and verification of on-chain transfer records
As a note to the community: no token transfers have happened from these wallets since the relaunch was teased in mid September, this will be verifiable once wallet addresses are shared (only exception being engaging a market maker as announced to the community on social media)
The strategic round has been completed and closed, with a roster of high quality institutional and angel investors. In total, two million units of PROS tokens have been purchased by the new investors from the launch partners, and the corresponding balance has been transferred to a designated wallet. This balance will be subject to a new lock-up period until October 2025, and thereafter a 6-month linear vesting.
Existing PROS token holders will not be affected. Your holdings remain fully liquid and will not be affected by the lock-up period mentioned above.
PROS is currently available on Ethereum and BNB Chain, this remains unchanged in Phase 1.
We expect to upgrade to a new token contract in Phase 2 to enable flexibility in adding new features to the smart contract, including but not limited to native cross-chain functionality. Exact timing and details will be announced in due course.
