Prophecy.io (DEFI)

Desember 08, 2020

Prophecy.io (DEFI) - Community Driven Token

What is Prophecy ?

Prophecy is a value transfer network of economically incentivized actors that come to consensus on the state of the network’s economic policy. A decentralized operating system for money.

Prophecy is a worth exchange organization of monetarily boosted entertainers that come to agreement on the condition of the organization’s monetary strategy. This is the main decentralized working framework for cash. Prophecy use the natives found in inheritance account to give advancements inmonetary strategy. Prophecy token ($PRY) is the token behind Prophecy and prophet yield pools.

Prophecy is furnished with a novel financial agreement motor which influences the normally occuring psycho-social natives found in conventional money related arrangement. Known as PoCD (or Evidence of-Submitted Rot), the motor establishes a financial climate that animates open market interest to battle esteem deterioration.

Gotten from natives found in characteristic life (entropy and psycho-social conduct) PoCD, or Confirmation of-Submitted Rot, is an agreement component intended to set up an option monetary approach dependent on great ideas hidden Keynesian, Hyakian, MMT and digital money financial matters. While Conventional agreement models, for example, PoW/PoS handle state related capacities; PoCD goes about as an additional layer on top customary agreement models heating in improved financial properties.

The PoCD motor which supports the monetary rationale is worked of four conditions; Copying, Marking, Market Reaction, tax assessment; which are additionally refined into 5 modules. While trying to augment PoCD financial rationale, every one of its modules are granulated dependent on a wide range of elements. Systems with a cover in granulation speak to a level of conditions on each other and in this manner make a reformist criticism circle in themselves. Except for “Outside Meta-Measurements”, the entirety of the modules are somewhat dependent on each other.

It is said that liquidity is the oxygen of monetary business sectors, and that old resources make for lifeless business sectors. Prophecy has actualized a motivating force boundary that distils network impact through commitment. Prophecy presents the speed inciting Uncovered Duty, an approach to boost Prophecy token utilization in the network.

At the foundation of present day monetary strategy lay the contracting gracefully model of Consuming. Through a precise decrease in the all out circling gracefully, Prophecy drives deflationary properties as a way to hold and develop its market thickness.

Traditional financial applications are built on preferential hierarchical models where few disproportionately succeed at the expense of the majority. Prophet has adapted this model to Complement measures that drive prosperity in economic climates.

Prophet is designed to flourish against the existing financial landscape.

With Prophet yield pools, almost everyone is a winner. The majority of participants will win more tokens than their initial input.

It’s mission can be distilled into three general elements:

1) Establish a sound monetary unit.

2) Provide the most complete source of socio-economic data.

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

How Prophecy is different ?

Prophet is designed to flourish against the existing financial landscape.

With Prophet yield pools, almost everyone is a winner. The majority of participants will win more tokens than their initial input.

Incentivized structures are in place to ensure continued participation.

Burning

By utilizing a model that activates Continuous Burning, the value of Prophet is always rising as token scarcity rises.

The more transactions taking place, the more Prophet burned, and the higher the value of the token rises.

BARE-Tax

Prophet believes in incentivized staking, rewarding users for supporting the project.

Staking Prophet tokens avoids bare-taxation, a tax on inactive tokens, and thus increases the value of Prophet continually while incentivizing supporter engagement.

What is Bare-Tax?

A ‘bare-tax’ structure is used in order to avoid stale assets & incentivize a community to be active, they are incentivized to combat losses by participating in staking.

Meta-Metrics

When users hold their tokens and do not stake them, inactive for 3 days, their holdings are flagged.

Holdings remain flagged for a period of 21 days after which a percentage is siphoned from their accounts – 50% burned, 10% sent to liquidity pools, and 40% sent to the Redemption Center.

Who is the team behind Prophet?

Right now team is total Anonymity. However you can contact to the team via Telegram( https://t.me/prophecyproject ).

Road Map: