Dubai, United Arab Emirates, December Thirteenth, 2024, Chainwire
Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain right-world sources (RWA), this day announced the acquisition of over 7,000 ASIC miners from BITMAIN alongside with the a hit closing of its strategic funding round.
- Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Producers, and further, Prosper has procured the brand new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol
- Prosper aims to magnify its underlying Bitcoin hashrate capability to lag the flywheel of DAO-owned hashrate and Bitcoin treasury operations & democratise access to institutional-grade mining
Following the announcement of Prosper’s long-length of time partnership and net hosting carrier agreement with BITMAIN, the area’s main manufacturer of digital currency mining servers, this landmark aquire marks an instrumental step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN’s chopping-edge merchandise, Prosper enhances the price delivered to its $PROS token holders, extra distinguishing itself because the premier Web3 Bitcoin mining protocol backed by main commerce gamers.
“Bitcoin precipitated a elementary shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-thru blockchain technology. This residue of neighborhood governance and ownership afforded by blockchain enables Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations whereas concurrently helping to be definite that that Bitcoin mining layer is sufficiently decentralized to defend Bitcoin’s residing because the most identified digital reserve currency. ” talked about Milton Lam, Prosper Advisory Council Member.
Prosper’s Most in kind Pattern
- 1 EH/s of hashrate procured and prepared to fully plod dwell (with 250 PH/s dwell to dispute the story Prosper’s dApp already)
- Catch entry to to pipeline capability of 170MW with the mid-length of time aim of including one other 5 EH/s
- Bigger than 2 BTC rewards given out to $PROS holders since November
- Catch entry to to bigger than 200 BTC to be delegated by starting up companions to the DAO to free up TVL opportunities for $PROS holders
Strategic Round Closure: Strengthening the Bitcoin Ecosystem
As well to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which seen participation from prominent commerce gamers and financial traders, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Producers also disclosed its procedure to aquire $PROS tokens from the open market.
These investments discover the stable self belief in Prosper’s vision of bridging institutional-grade Bitcoin mining energy on-chain and its innovative solution to Bitcoin liquidity farming. The involvement of these strategic companions brings the largest commerce expertise and networks to enhance Prosper’s operations because it scales.
Positioning Prosper for Enhance
- Prosper’s tokenomics adopts a clear construct to be definite that hashrate-per-token will simplest construct bigger and be accretive to $PROS holders.
- Prosper’s DAO leverages a clear flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the advantages of $PROS holders.
- Institutional-grade hashrate generates Bitcoin on an ongoing basis, allotment of which is rewarded to holders for his or her difficult participation, and final goes to the DAO treasury.
- DAO’s treasury Bitcoin could well also be directed in direction of TVL opportunities with ecosystem companions similar to Bitcoin L2 to generate advantages for $PROS holders and the DAO.
- Enhance in DAO treasury price and $PROS adoption enables the protocol to extra magnify underlying hashrate and crimson meat up protocol resilience.
By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol construct backed by stable fundamentals, and an huge network of strategic companions, Prosper is wisely-positioned to solidify its residing because the flagship decentralized Bitcoin mining protocol.
About Prosper
Prosper is a decentralized protocol for a neighborhood that indubitably believes in Bitcoin, offering corpulent exposure across Bitcoin hashrate and Bitcoin thru tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully free up the functionality of Bitcoin. For extra records, users can consult with prosper-fi.com or prepare on X (beforehand Twitter).
Contact
Prosper
contact@prosper-fi.com
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