What is PROS coin? What about PROS coins? One article to understand

The full English name of PROS coin is Prosper. In fact, this Prosper is a DeFi token on the Binance Smart Chain. Prosper is a short-term non-custodial prediction and hedging platform built on Ethereum and Binance Smart Chain. PROS is The platform’s native utility token. The products of the Prosper platform are still very rich, including prediction pools and liquidity plans. Each pool includes long and short parties. The pool owner can set custom fee rates and profit from the pool. The project also Will use liquidity providers to complete its own liquidity plan. So what exactly is this PROS coin? Let the editor take you through an article to learn about ProsFinance/PROS coins.

What is PROS coin?

PROS is the platform’s native utility token and has the following use cases:

Governance: All platform fees will go into Prosper’s Smart Treasury. Platform governance participants will receive a portion of the Smart Treasury every month.

Custom Pools: Users will be able to create custom prediction pools. In order to create a custom pool, users need to keep a certain amount of PROS tokens in their wallet. Custom pool owners can adjust parameters such as rates and time frames.

Insurance System: Through ProsperInsurance, 15% of total bet losses will be reallocated to eligible losers. Each pool has its own insurance fund, which is distributed immediately upon pool settlement. Users must hold PROS to participate in the program. If a bet loses money, PROS holders will receive tokens back in the form of prediction currency, but their PROS will be locked for 14 days.

Platform Fees: By paying with PROS, users will receive a 50% discount. Platform fees received in PROS will then be destroyed.

What about PROS coins?

According to the survey, the return on investment of the PROS project is -14.17%, so investing in the PROS project will bear higher risks, but the PROS listing exchange includes the top exchange Binance, and Binance’s Large-scale users will bring greater traffic to PROS, and PROS still has certain investment value.

Prosper loan amounts range from $2,000 to $40,000, and the company provides loans to residents of all 50 states and Washington, DC.

Prosper will earn an annual interest rate of 7.95% to 35.99%, depending on factors such as your creditworthiness and ability to repay the loan. This is comparable to the APR range of similar companies. For example, Avant's APR range is 9.95% to 35.99%, and LendingClub's range is 7.04% to 35.89%. You can apply with a co-borrower and if their credit score is better than yours, you may qualify for a lower interest rate.

Prosper offers unsecured personal loans through WebBank (Member FDIC). You can get an unsecured personal loan without putting up any collateral, such as a home or car. You can use a personal loan for a variety of purposes.

You can apply for a three-year or five-year loan. Most loans with Prosper are approved within one day, and depending on your bank, it can take one to three business days to receive funds in your bank account.

However, in order for you to receive funding, Prosper investors must choose to fund your loan. Prosper is a P2P lending company that connects borrowers and investors.

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