CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

PROSPER CIRCULATING SUPPLY UPDATE

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Past situation

Until a few days ago, the $PROS circulation supply was displayed on CoinMarketCap and CoinGecko as about 4.5M, as they had originally declared it at project launch. The Full tokenomics of $PROS have always been public and could be found on their medium here.

They think that it is important to outline that according to these tokenomics, their overall unlock of tokens to date should be above 50% of the total supply— more than 50M tokens.

However, they have been working on the project with minimal expenses and will continue to do so. They are building what we believe is a great project and have no intention to sell or transfer any tokens unless duly justified and transparently communicated to the community. As a result, they have kept them locked and the current effective circulation amounts is significantly lower than publicly stated in the tokenomics.

Until now, the circulating supply numbers on CMC and CG were not taking the vesting completion of their investors wallet into consideration. It turns out after investigation that their request for update was not properly followed on their side, which they apologize for. They have however been repeatedly communicating to their community that these numbers were outdated and giving their best estimation of what the actual circulating supply was.

Current Situation

This morning (09/21/22), CoinMarketCap and CoinGecko updated their supply numbers and now display 19.244M tokens (19.2%) in circulation, which corresponds to the tokens put on the market by the project and investors before January 2022 plus the sum of their exchanges liquidities.

This increase in supply does not correspond to any token sale by the project, which can be verified on-chain through the Project wallets declared on CoinGecko (displayed when hovering the mouse over the Circulating supply number question mark).

Here is the list of the public project wallets :

Masternodes / Staking — 29,415,325 $PROS, no movement since 376 days (transfer to AnimocaBrands)

Team / Investors / Contractors — 13,375,000 $PROS, no movement since 376 days (transfer to AnimocaBrands)

Ecosystem Incentives — 12,000,000 $PROS, no movement since 376 days (transfer to AnimocaBrands)

Marketing Operations — 9,487,500 $PROS, no movement since 376 days (transfer to AnimocaBrands)

Community Funds — 5,000,000 $PROS, no movement since 376 days (transfer to AnimocaBrands)

Liquidity Provisioning — 607,224 $PROS, no outbound transaction for 380 days.

Treasury — 10,782,420 $PROS, down from 15M since 10th of September 2021: Tokens provided for exchange listings.

Private sales investors — 87.5k $PROS remaining in wallet, unvested since 21st of January 2022.

SOURCE:

https://medium.com/prosper/circulating-supply-update-216210a4ecbc

 

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