Prophecy.io Community Driven. Future Focused. Built To Win.

in defi •  4 years ago 

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Introduction

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.

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.


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

Prophecyunderstands that the current customer worldview in the crypto business is an Impasse: develop crypto networks are outfitted with hearty central measurements that give recursive development and security. To acquire the sensible natives of the business' computational foundation, Prophecy secures its financial arrangement in the advanced economies state.


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Our Central Goal:

  • Build up a sound financial unit
  • Give the most complete wellspring of financial information
  • Battle the time-touchy rot of significant worth in contiguous monetary powers

A bare-tax structure is utilized to stay away from old resources and boost a network to be dynamic. This permits individuals from the network.This is the means by which it works :Records are offset with Prophecy tokens. Should those tokens stay inert for a time of 3 days (17,280 ETH blocks) at that point they become hailed. Token Records remain hailed for no longer than 21 days (120,960 ETH blocks), after which a bit of the equilibriums are pulled and rearranged (half consumed, 10% Prophet yield pools, 40% Recovery Place).

Hailing will proceed until lifeless resource accounts are depleted underneath 0.1% of their underlying equilibrium. Critically, if during the hailing time frame the assets are actuated, the banner is ceased. This prizes proceeded with investment in Prophecy, (for example, Yield Pools or through marking) and thusly raises the estimation of Prophecy dramatically and constantly.


Flash earning with Prophecy's Prophet yield pools

Inside Prophet Pools

  1. Gone are the days of waiting weeks or months for yield rewards.
  2. Prophecy's Prophet yield 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.
  3. 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.
  4. 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.
  5. In the future, users can start their own pools. Prophet pools will feature ways to invite friends or followers to the participate in pools.


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How Pools Work


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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.


What Are The Tokenomics Of Prophecy

Prophecy will begin with 200 million PRY tokens, with an initial circulating supply of 100 million PRY tokens. This is the amount of tokens we'll start with before burning schedules begin.

  • 40% of tokens are reserved for rewards through yield pools, staking, and burns.
  • 10% of tokens are reserved for marketing and partnerships
  • 10% of Prophecy tokens are reserved for liquidity and development
  • 10% of tokens are locked team tokens, inaccessible for 6 months
  • 25% of tokens are reserved for the exclusive presale
  • 5% of tokens are reserved for the private presale



Prophecy Roadmap



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.


ACCURATE INFORMATION


AUTHOR

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4 years ago by

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