Dubai, United Arab Emirates, 13 December 2024, Chainwire
Prosper, the decentralized protocol democratizing entry to mining by tokenizing institutional-grade Bitcoin hashrate as an omnichain real-world asset (RWA), immediately introduced the acquisition of over 7,000 ASIC miners from BITMAIN together with the profitable closing of a strategic funding spherical.
- Backed by Metalpha, Waterdrip Capital, BIT, Animoca Manufacturers and others, Prosper has acquired new ASIC miners from BITMAIN to carry institutional-level execution high quality to its protocol.
- Prosper goals to broaden its core Bitcoin hashrate capability to speed up the flywheel of DAO-owned hashrate operations and Bitcoin treasury operations and democratize entry to mining on the institutional degree.
Following the announcement of Prosper's long-term partnership and internet hosting settlement with BITMAIN, the world's main producer of digital forex mining servers, this landmark buy represents a significant step in Prosper's mission to supply institutional-level reliability to its mining ecosystem. Leveraging BITMAIN's industry-leading merchandise, Prosper will increase the worth supplied to $PROS token holders and additional differentiates itself because the main Web3 Bitcoin mining protocol supported by {industry} main gamers.
“Bitcoin has caused a elementary shift in finance by democratizing the financial system as an entire utilizing blockchain expertise. Prosper follows within the footsteps of Bitcoin's core ethos by democratizing entry to Bitcoin's hashrate, the underlying layer powering Bitcoin's blockchain expertise. This layer of governance and group possession supplied by the blockchain permits Prosper to scale its flywheel bitcoin hashrate and treasury operations whereas serving to to make sure that the bitcoin mining layer is decentralized sufficient to keep up bitcoin's standing as probably the most acknowledged digital reserve forex. ” mentioned Milton Lam, a member of the Prosper Advisory Board.
Prosper's newest growth
- 1 EH/s hashrate acquired and prepared for full launch (with 250 PH/s stay on Prosper's dApp already)
- Entry to pipeline capability of 170 MW with a medium-term goal of including an extra 5 EH/s
- Greater than 2 BTC rewards given to $PROS holders since November
- Entry to over 200 BTC to be delegated by launch companions to The DAO to unlock TVL alternatives for $PROS holders
Strategic Closing Spherical: Strengthening the Bitcoin Ecosystem
Along with its BITMAIN partnership, Prosper introduced the closing of a strategic funding spherical with main {industry} gamers and monetary buyers together with Metalpha, Waterdrip Capital, BIT Mining and Satoshi Protocol. In early October, Animoca Manufacturers additionally introduced its intention to purchase $PROS tokens from the open market.
These investments reveal robust confidence in Prospero's imaginative and prescient to bridge institutional Bitcoin mining energy on-chain and its modern strategy to Bitcoin liquidity farming. The involvement of those strategic companions brings important experience and networks to assist Prosper's operations because it expands.
Positioning Prosper for progress
- Prosper's Tokenomics makes use of a novel design that ensures the hashrate-per-token will solely enhance and be aggressive for $PROS holders.
- Prosper's DAO makes use of a novel flywheel mannequin with each hashrate and bitcoin money operations – all pushed by and for the advantage of $PROS holders.
- Hashrate on the institutional degree repeatedly generates bitcoins, a part of which is rewarded to holders for his or her energetic participation and the remainder goes to the DAO treasury.
- The DAO's bitcoin treasury could be directed to TVL alternatives with ecosystem companions corresponding to Bitcoin L2 to generate advantages for $PROS and DAO holders.
- The expansion in worth of the DAO and the adoption of $PROS permits the protocol to additional broaden the bottom hashrate and enhance the protocol's resilience.
With a mixture of an institutional-level Bitcoin mining hashrate, a decentralized protocol design backed by robust foundations, and an unlimited community of strategic companions, Prosper is nicely positioned to cement its place because the flagship decentralized Bitcoin mining protocol.
About Prospero
Prosper is a decentralized protocol for the group that actually believes in Bitcoin, supplies full publicity throughout the Bitcoin Hashrate and Bitcoins by tokenizing the Institutional Degree Bitcoin Hashrate as an omnichain RWA, and goals to completely unlock the potential of Bitcoin. For extra data, customers can go to prosper-fi.com or comply with on X (previously Twitter).
ContactProspercontact@prosper-fi.com
This text was initially printed on Chainwire
