Gone are the days of waiting weeks or months for yield rewards.
Prophecy's Prophet Pools let you earn in a flash so you never have to wait for your earnings. Winners receive earnings immediately after a yield pool concludes.You could enter a pool, win a massive amount of tokens, and receive them within minutes.
Prophet pools are an innovative twist on existing yield pool structures, flipping the system on its head and ensuring a majority of participants win, instead of the minority. Pools are formed and participants enter, with an 80% chance of winning at the pool’s closure.
We incentivize further participation through the inclusion of a ‘bare-tax’ (explained more below) which ensures the value of Prophecy is continually rising, alongside a constant burn of tokens.
In the future, users can start their own pools. Prophet pools will feature ways to invite friends or followers to the participate in pools.
Expect our roadmap to be kept up to date as we roll new features out through 2021 and beyond.
A ‘bare-tax’ structure is used in order to avoid stale assets and incentivize a community to be active. This allows members of the community.
This is how it works:
Accounts are balanced with Prophecy tokens. Should those tokens remain inactive for a period of 3 days (17,280 ETH blocks) then they become flagged. Token Accounts remain flagged for no longer than 21 days (120,960 ETH blocks), after which a portion of the balances are pulled and redistributed (50% burned, 10% Prophet Pools, 40% Redemption Center).
Flagging will continue until stale asset accounts are drained below 0.1% of their initial balance. Importantly, if during the flagging period the funds are activated, the flag is discontinued. This rewards continued participation in Prophecy (such as Yield Pools or through staking) and consequently raises the value of Prophecy exponentially and continually.
Derived from primitives found in natural life (entropy & psycho-social behavior) PoCD, or Proof-of-Committed Decay, is a consensus mechanism designed to establish an alternative economic policy based on favorable concepts underlying Keynesian, Hyakian, MMT & cryptocurrency economics. While Traditional consensus models such as PoW/PoS handle state related functions; PoCD acts as an added layer on top traditional consensus models baking in enhanced economic properties.
The PoCD engine which underpins the economic logic is built of four dependencies; Burning, Staking, Market Response, taxation; which are further refined into 5 modules. In an attempt to maximize PoCD economic logic, each of its modules are granulated based on a variety of different factors. Mechanisms with an overlap in granulation represent a degree of dependencies on one another and thus create a progressive feedback loop in themselves. With the exception of "External Meta-Metrics", all of the modules are to some degree reliant on one another.