Prophecy.io - Finance Reimagined With Prophet

imlarry (33)in #prophecy • 4 years ago

INTRODUCTION

Monetary policy is a policy issued by the central bank in the form of regulating the money supply to achieve certain objectives. Monetary policy can involve setting loan interest standards, margin requirements, capitalization for banks or even acting as the last business borrower or through negotiation with other governments.

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.

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.

So 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. This is the first decentralized operating system for money.
Prophecy leverages the primitives found in legacy finance to provide innovations inmonetary policy.
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.

Prophecy understands 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.

Main Goals :

Build a healthy financial unit
Provide the most complete source of financial information
Counter significant value spoilage that touches time in contiguous monetary forces

Mission

Establish healthy monetary units
Provides the most complete source of socio-economic data
Combats time-sensitive decay of value in neighboring economies

INSIDE PROPHET POOLS

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.

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.

So How pools work ?

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.

How About 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

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.
The 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.
They 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.