Prophecy Project

Prophecy Q1-Q2 Summary Review

Our first quarterly review looking back on major launches and upcoming news

Q1 Summary

The first quarter of 2021 saw lots of progress for Prophecy.

Prophecy platform launch

We launched the MVP of the Prophecy Platform with a couple key features within our ecosystem. This provides a foundation for the Prophecy ecosystem to grow over the course of 2021.

Staking

In the first quarter we launched two staking pools that allowed our community to earn rewards. Staking with Prophecy occurs for a limited time over the lifespan of the project, so these pools offered some of the highest percentage rewards we will ever have in the ecosystem.

Yield farming

We launched our first yield farming implementation for Prophecy. Each yield farming implementation lasts for an unspecified period of time and offers different amounts of rewards. We started out by offering a 25% APY reward for yield farming our PRY/ETH trading pair on Uniswap.

NFT collectibles

We released our first PRY NFT collectibles that offer incentives to holders. We’ll be releasing more of these throughout 2021, but these initial NFTs have special rewards that are unique to these offerings.

Token burning

Prophet Pools beta testing

Toward the end of Q1 we will be releasing a beta of the first Prophet Pools. This extremely limited private beta will give access to private sale participants and NFT holders, and will allow us to test the feature thoroughly before launching in Q2.

Q2 Preview

As we move into the second quarter of 2021, we’d like to give you a preview of things to come.

Prophet pools beta testing commences

At the end of march, we’re going to allow our community to test the flagship feature of the Prophecy platform: Prophet Pools. Prophet Pools give you a chance to make quick earnings. To test the concept, we’re going to release a beta on https://prophecy.finance for holders of the Maximus NFT and private sale participants to play around with the first ever Prophet Pools.

  • Merchant Pool requires a 30,000PRY entry (with a 1500PRY fee for each wallet that joins) for 5 wallets, has an 80% chance of winning, and you could win 36,000PRY total.
  • Philosopher Pool requires a 60,000PRY entry (with a 3,000PRY fee for each wallet that joins) for 5 wallets, has an 60% chance of winning, and you could win 100,000PRY total.
  • God Pool requires a 150,000PRY entry (with a 7,500PRY fee for each wallet that joins) for 5 wallets, has a 40% chance of winning, and you could win 375,000PRY total.

Cross-chain Prophet Pools v1

  • Alternatives to Ethereum Blockchain

Prophet Pool Details

Prophet Pools right out of the gate in Q2 will be pre-defined. We’re going to have different Pools for a wide variety of entry and win percentages, and tokens. We will eventually have Pools not only for PRY tokens, but for other tokens like wBTC, hot DeFi project tokens, basically anything you can dream of that’s available on the blockchain we’re going to pursue. There will be lots of different Prophet Pools to join when we launch, and the beta release will help us determine the details of those Pools.

Prophecy tiers

One aspect of incentivizing token holders in our community will be through Prophecy Tiers. Tiers provide different incentives for different amounts of token holding. We’re going to offer special NFTs that give you access to VIP Prophet Pools, exclusive rewards, special offers, and more. You can attain different tiers just by holding PRY in your wallet. We hope this will encourage the community to not only use the Prophecy platform but to hold PRY in their wallet.

Gamification of Prophet Pools

Prophet Pools are all about winning, but we’re thinking about ways that we can provide extra gasified elements to Pool participation. We’re going to pursue the idea of rewarding active users of Prophet Pools and other features in the Prophecy Platform. For instance, you could receive a special NFT with exclusive access to a VIP Prophet Pool for entering 50 pools; you could receive an NFT with special air drop access for participating in all staking pools. We’re looking to explore different ways to motivate the community to continue coming back to the Prophecy Platform and you’ll hear more details about this throughout Q2.

“Second Chance” Pools

At the end of the day, even if you lost in a Prophet Pool, you still might win!

Prophecy wallet apps for Android and iOS

In Q1 we released beta versions of our Android and iOS wallet apps, and in Q2 we plan on releasing the full versions. One of the biggest requests from the community was for some way to store their PRY holdings outside of MetaMask. With the Prophecy wallet app, you can hold PRY or any other ERC20 token. With it you can also use the browser function to connect your Prophecy wallet with any dApp on the web.

Re-branding and Re-design

In our initial launch of the Prophecy platform in Q1, we introduced a design that provided ease of use and minimalism. We’re working with a globally leading design agency to re-brand the Prophecy project and will be re-designing both the website and platform in Q2. This branding will align more with a futuristic spin on Greek mythology.

Exclusive sneak-peek preview of our latest Prophet Pools redesign and branding, a work in progress but looking sleek and fitting for our upcoming redesigned feel!

Prophecy is core DeFi and crypto services, gamified and improved. Visit: https://prophecyproject.io