Prosper, a decentralized protocol connecting mining with the blockchain, has secured investment from BIT Mining. This event highlights the protocol's significance as it expands its functionalities in institutional mining and liquidity farming.
BIT Mining's Investment in Prosper
Prosper, a protocol linking mining and blockchain through hashrate-backed tokens, announced strategic investment from BIT Mining. The announcement on November 14 emphasizes institutional investors' confidence in Prosper's potential.
Recent Investments and PROS Growth
In the past week, Prosper has also received significant investments from Waterdrip Capital, driving the PROS token price up by 7% to $0.52.
Future Plans and Prospects of Prosper
Prosper plans functional expansion, including protocol governance participation through voting. PROS token holders will earn passive income by participating in votes scheduled every three months on the BNB Chain or Ethereum.
The investments from major players like BIT Mining and Waterdrip Capital confirm Prosper's potential in institutional cryptocurrency mining and liquidity farming.
