Emre Yumlu 
Prosper (PROS) is an innovative and focused Web3 protocol that targets a long-felt gap in the Bitcoin ecosystem. The project’s core goal is to position Bitcoin not only as a store of value but also as a productive on-chain asset, achieved through a community-based structure. Prosper aims to bring Bitcoin mining (hashrate) on-chain by tokenizing institutionally scaled mining power under a decentralized framework.
This approach stands out as one of the rare initiatives that combines Bitcoin mining, real-world assets (RWA), and DAO-based governance models under a single roof.
Prosper’s Core Vision
Prosper does not position itself as a Layer-2 solution, DEX, lending protocol, or classic DeFi platform. From day one, the project clearly states that it will focus on a single strategy:
To make PROS the foundational token of the Bitcoin ecosystem, backed by institutional-grade Bitcoin mining power.
In line with this, Prosper’s mission is to establish a direct and sustainable economic link between the PROS token and Bitcoin. The vision is to accumulate as much Bitcoin hashrate as possible under a decentralized, community-governed structure.
Bitcoin and Prosper’s Starting Point
Bitcoin continues to hold its central place in the crypto ecosystem with a market cap of approximately $1.3 trillion and over 50% market dominance. With the introduction of spot Bitcoin ETFs, institutional investor interest has reached unprecedented levels. Additionally, Bitcoin’s supply capped at 21 million makes it a long-term store of value.
However, according to Prosper, there is a significant gap in the Bitcoin ecosystem:
Bitcoin’s production layer—mining power—is not sufficiently accessible on-chain.
Hashrate: Bitcoin’s Invisible Backbone
The security and continuity of the Bitcoin network rely on the hashrate provided by miners. Miners validate transactions and produce blocks in exchange for BTC rewards. Until now, this massive economic activity has largely been limited to large companies and institutional players.
Prosper steps in here to transform Bitcoin mining into a structure that is:
- Owned by the DAO,
- Transparently trackable,
- Linked to the PROS token.
Today, the combined market cap of just the top 10 publicly traded Bitcoin mining companies is around $18–19 billion. Prosper aims to bring this economic power on-chain and make it accessible to a broader user base.
Intersection with RWA (Real World Assets)
Another critical area where Prosper positions itself is RWA (Real World Assets). The total value of the RWA market has exceeded $12 billion, and it is expected to reach trillions of dollars by 2030.
RWA tokenization enables the on-chain representation of off-chain assets such as real estate, commodities, equipment, and financial products. Prosper treats Bitcoin mining as an institutional-scale RWA in this framework.
This approach targets a gap in the Bitcoin ecosystem that has remained unfilled by a “pure-play” project until now.
PROS Token and Economic Model
PROS is the sole and primary token of the Prosper protocol. Its total supply is capped at 100 million. No new token creation is planned; existing PROS tokens will be migrated 1:1 to the new contract.
Accretive Hashrate-per-Token Model
Prosper’s most distinctive feature is the principle that the hashrate-per-token ratio is always accretive (increasing). In this model:
- New PROS tokens can only be minted when additional hashrate is added to the system.
- Token supply cannot increase without adding new hashrate.
- New supply cannot dilute the hashrate-per-token ratio for existing tokens.
This structure aims to prevent arbitrary inflation and protect long-term value accrual.
Phase 1: Hashrate Backfilling
Prosper’s initial phase, Phase 1, involves integrating live Bitcoin mining power into the DAO treasury. In this phase:
- Launch partners contribute hashrate to the DAO.
- A minimum hashrate-per-token ratio is established.
- No additional action or cost is required from existing PROS holders.
Token holders can monitor the performance of this hashrate via the application dashboard and verify its existence through third-party validations.
Phase 2: Protocol Scaling
The second phase represents the protocol’s growth stage. In this phase:
- Transition to the new token contract will occur.
- The mint mechanism will be activated.
- New PROS supply will only be possible if a higher hashrate-per-token ratio is achieved.
Newly minted tokens will first be offered to existing PROS holders at a discount and with locking. Any unsold portion will later be opened to other users.
DAO Treasury and BTC Production
The Prosper DAO treasury aims to regularly produce BTC from mining activities. These BTCs:
- Can be held in secure custody solutions,
- Can be utilized in DeFi protocols,
- Can provide liquidity to ecosystem projects.
An important point is that Prosper views BTC accumulation as a long-term strategic asset, similar to Michael Saylor’s approach.
Governance
PROS holders can actively participate in DAO governance. Critical decisions such as protocol updates, treasury usage, and new hashrate additions are subject to community voting.
Additionally, users participating in governance can be incentivized with BTC or partner rewards. This model aims to reward active rather than passive participation.
PROS Token Distribution
Token distribution is as follows:
- Private Sale: 12%
- Public Sale: 7%
- Team: 14%
- Community: 5%
- Project Reserves: 52%
- Marketing: 10%
All previous allocations are fully vested. Launch partners have voluntarily accepted a new 1.5-year lock-up period.
Vesting:
Prosper (PROS) Investors
Prosper is backed by strong investors at various levels.
Notable investors:
- Animoca Brands
- Waterdrip Capital
- 3Commas
- Ankr
- Prometeus Labs
- Metalpha
- BIT Mining
- Satoshi Protocol
This structure indicates a broad support network on both the Web3 and institutional mining sides.
Prosper (PROS) Team
Prosper was founded by a team experienced in blockchain and finance. The team aims to create reliable and sustainable economic models through decentralized systems.
Official Links
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