Token Utilities

PROS and its community have always been Prosper’s priority and central to the ecosystem we are building. Relaunching this new strategy allows us to bring the following utilities for existing PROS holders.

PROS has always been a full-fledged utility token with an extensive range of benefits available to the holders. As the new protocol develops and matures, we will look to add additional utilities for the benefits of the community.

Hashrate-Backed PROS

Bitcoin hashrate will always be the foundation of this project.

In Phase 1, institutional-grade Bitcoin hashrate will be contributed into the DAO foundation to back the existing PROS tokens for the benefit of the Prosper community. During this process, a minimum hashrate-per-token ratio will be determined, and our protocol mechanics ensure that the overall protocol’s hashrate-per-token ratio will only increase / be net accretive to PROS holders in any circumstance. (refer to protocol mechanics for more details)

Going forward, we expect PROS token holders to contribute to the governance of the underlying real-world mining power in order to produce Bitcoin that will be rewarded to DAO members who actively participate in voting.

DAO Treasury BTC

Prosper DAO-owned hashrate will be producing Bitcoin through mining. Post-fee, the Bitcoin will only go into two buckets: part of it goes to rewarding holders who are actively participating in DAO governance, but most of it will be safely held in the DAO's treasury, which later on can be used for a number of purposes as proposed and voted on by the community.

Ecosystem Access

We're working with a number of partner projects in the Bitcoin ecosystem and across the broader Web3 space. For token holders, these partnerships mean different partners will be offering PROS holders a range of benefits, perks, quests, activations, and more going forward.

We want to build a foundation that enables the ecosystem to see the tangible value brought by our community and protocol, which will incentivize them to proactively offer more rewards for our holders for their engagement.

Governance

Token holders will be able to actively participate in governance discussions and vote on proposals across key aspects of the protocol.

We expect holders to contribute to and jointly shape the protocol's overall direction. Active participation ensures that any decisions made reflect the will of the Prosper community.

Voting Rewards

Rewards in Bitcoin (and potentially also in the form of other partners’ tokens or utilities) will be periodically distributed to holders that actively participate in the protocol by voting and staking with their PROS tokens.

Token holders must participate in governance of the protocol to be able to earn rewards. This means that active participants are rewarded for their involvement, and token holders who do not participate in governance will not be eligible to earn any rewards.