Dubai, United Arab Emirates, December 13, 2024, Chainwire
ProsperBitmain, a decentralized protocol democratizing entry to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as a ubiquitous real-world asset (RWA), has right now introduced the profitable closing of its strategic funding spherical in addition to the issuance of over 7,000 ASICs from Bitmain. Introduced takeover of miners.
- Backed by Metalfa, Waterdrip Capital, BIT Mining, Animoca Manufacturers and others, Prosper has bought new ASIC miners from Bitmain to deliver institutional-grade execution high quality to its protocol.
- Prosper goals to increase its underlying Bitcoin hashrate capability to speed up the flywheel of DAO owned hashrate and Bitcoin treasury operations and democratize entry to institutional-grade mining.
Following the announcement of Prosper’s long-term partnership and internet hosting companies settlement with BITMAIN, the world’s main producer of digital forex mining servers, this historic buy marks an vital step in Prosper’s mission to offer institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN’s cutting-edge merchandise, Prosper will increase the worth supplied to its $PROS token holders, positioning itself because the main Web3 Bitcoin mining protocol supported by main business gamers.
“Bitcoin has caused a basic change in finance by fully democratizing the financial system with blockchain expertise. Prosper follows within the footsteps of Bitcoin’s unique ethos by democratizing entry to the Bitcoin hashrate, the underlying layer that powers Bitcoin via blockchain expertise. This layer of neighborhood governance and possession offered by the blockchain permits Prosper to scale its flywheel of each Bitcoin hashrate and treasury operations, whereas additionally serving to to make sure that the Bitcoin mining layer maintains Bitcoin’s standing as probably the most acknowledged and safe asset. The digital reserve acquired is decentralized sufficient to be maintained as forex. ” stated Milton Lamm, Prosper Advisory Council member.
Prosper’s newest developments
- 1 EH/s hashrate has been bought and is absolutely able to go stay (with 250 EH/s already stay on Prosper’s dApp)
- Reaching pipeline capability of 170 MW with a mid-term goal of including one other 5 EH/s
- Over 2 BTC rewarded to $PROS holders since November
- Entry to over 200 BTC shall be handed over to the DAO by launch companions to unlock TVL alternatives for $PROS holders
Strategic Spherical Closing: Strengthening the Bitcoin Ecosystem
Along with its Bitmain partnership, Prosper introduced the closing of its strategic funding spherical, which noticed participation from main business gamers and monetary traders together with Metalfa, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Manufacturers additionally revealed its intention to buy $PROS tokens from the open market.
These investments display sturdy confidence in Prosper’s imaginative and prescient of bridging institutional-grade Bitcoin mining energy on-chain and its progressive strategy to Bitcoin liquidity farming. The involvement of those strategic companions brings vital business experience and networks to assist Prosper’s operations.
Creating prosperity situations for improvement
- Prosper’s tokenomics adopts a novel design to make sure that the hashrate-per-token will solely improve and favor $PROS holders.
- Prosper’s DAO leverages a novel flywheel mannequin with each hashrate and Bitcoin treasury operations – all ruled by and for the good thing about $PROS holders.
- Institutional-grade hashrate generates Bitcoin on an ongoing foundation, a portion of which is rewarded to holders for his or her lively participation, and the rest goes to the DAO treasury.
- The DAO’s treasury Bitcoins may be directed in the direction of TVL alternatives with ecosystem companions like Bitcoin L2 to generate earnings for $PROS holders and the DAO.
- The rise in DAO treasury worth and $PROS adoption permits the protocol to additional increase the underlying hashrate and improve protocol flexibility.
By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by sturdy fundamentals, and an intensive community of strategic companions, Prosper is well-positioned to solidify its place because the main decentralized Bitcoin mining protocol.
about prosperity
Prosper is a decentralized protocol for a neighborhood that actually believes in Bitcoin, offering institutional-grade Bitcoin hashrate and full publicity to Bitcoin via tokens within the type of Omnichain RWAs, and is aimed toward bettering Bitcoin’s potential. Must be fully unlocked. For extra data customers can go to prosper-fi.com or comply with X (formerly Twitter),
Contact
Prosper
(email protected)
