Prophecy Project

Finance, Reimagined

Community driven.
Future focused.
Built to win.

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Prophecy is finance, reimagined

Prophecy is a value transfer network of economically incentivized actors that come to consensus on the state of the network's economic policy. This is Built to Win.

Prophecy leverages the primitives found in legacy finance to provide innovations in monetary policy.

Prophecy token ($PRY) is the token behind Prophecy and Prophet Pools.

Our mission:

Establish a sound monetary unit

Provide the most complete source of socio-economic data

Combat the time-sensitive decay of value in adjacent economic forces

Flash earning with Prophet Pools

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.

How Prophet Pools Work

Built to Win

PoCD

Prophecy is equipped with a novel economic consensus engine which leverages the naturally occuring psycho-social primitives found in traditional monetary policy.

Known as PoCD (or Proof-of-Committed Decay), the engine creates a monetary environment that stimulates open market demand to combat value depreciation.

Bare-Tax

It is said that liquidity is the oxygen of financial markets, and that stale assets make for stale markets. Prophecy has implemented an incentive parameter that distills network influence through contribution.

Prophecy introduces the velocity-inducing Bare-Tax, a way to incentivize Prophecy token usage in the community.

Burning

At the cornerstone of modern economic policy lay the contracting supply model of Burning. Through a systematic reduction in the total circulating supply, Prophecy drives deflationary properties as a means to retain and grow its market density.

Stabilizing demand through the art of Burning.

Meta-Metrics

Prophecy realizes that the current consumer paradigm in the crypto industry is a Catch-22: mature crypto networks are equipped with robust fundamental metrics that provide recursive growth and security. In order to inherit the logical primitives of the industry's computational infrastructure, Prophecy anchors its monetary policy in the digital economies state.

Fueling economic indemnity with Meta-Metric.

Find out More in our Whitepaper

The Team Behind Prophecy

The pinnacle and epitome of ‘decentralization’ is anonymity for the user and anonymity for the team.

As a cryptocurrency project delivering real and significant impact to the financial market, we wholeheartedly believe and follow the principle that this project should remain solely about the project and the incredible community behind that.

Our team comprises of extremely senior and experienced professionals within the crypto-sphere, with combined decades of experience between us. We have worked within Top 100 projects and continue to push to innovate cryptocurrencies and DeFi.

We don’t want to be the focus ourselves, we don’t want to be idolized or looked up to or treated any differently, we just want to be in the background helping push this project and community as far forwards as humanly possible. Remaining anonymous is the epitome of decentralization, as it’s the project and you - the community - that truly matters.

Roadmap

Expect our roadmap to be kept up to date as we roll new features out through 2021 and beyond.

News and updates

FAQ

Prophecy will begin with 200 million PRY tokens, with an initial circulating supply of 90 million PRY tokens. This is the amount of tokens we'll start with before burning schedules begin.

50% of the token supply is allocated to liquidity and rewards.
15% of the token supply is allocated for audits, marketing, and partnerships.
10% of the supply is allocated for team reserves.
25% of the supply is allocated for the private sale and presale distribution.

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.

Now Available:

New Prophecy Wallet Beta App for Android

Our mission:

Now Available:

New Prophecy Wallet Beta App for Android

Our mission:

What are the tokenomics of Prophecy?

Why was the Bare-tax implemented for Prophecy?

Can you tell me more about PoCD?