Following BIT Mining’s funding, PROS price gained 7%, soaring to $0.52.
The size of the deal was not disclosed. The latest funding comes just a week after Prosper also received an undisclosed “key investment” from Waterdrip Capital, a venture capital firm founded by Chinese blockchain-aimed entrepreneurs. At the time, Waterdrip also invested in Prosper’s PROS token. Following BIT Mining’s funding, PROS price gained 7%, soaring to $0.52.
Founded in 2021, Prosper is a decentralized protocol that leverages Bitcoin hashrate to unlock the full potential of the network by bridging institutional-grade mining power on-chain. The protocol allows PROS token holders to earn passive income through “limited-duration” staking reward campaigns.
In the future, to be eligible, PROS holders would need to engage in protocol governance by casting at least one vote every three months, either on BNB Chain (formerly Binance Smart Chain) or Ethereum.
