Summary: BIT Mining has invested on a Decentralized Bitcoin mining protocol named Prosper. This is done with the aim of advancing its mission to give institutional-grade mining energy and liquidity farming. This isn’t the first investment announced on Nov. 14 but is the second in two weeks. This investment is following backing from Waterdrip Capital. This exciting news has surged the price of Prosper’s native token, PROS by 7%.
Strategic Investment from BIT Mining
BIT Mining has donated a strategic investment to Prosper, which is famously known for giving out hashrate-backed tokens linked to Bitcoin mining power which is truly a positive steps towards better crypto ecosystem. Prosper and its team knows how important this investment is and sees this as a significant endorsement of its vision to bridge Bitcoin mining to blockchain.
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A Growing List of Investors
Prosper got it’s first investment from Waterdrip Capital which is a capital firm in the blockchain space and BIT Mining’s the second investment. This sudden increase of institutional support has surged Prosper’s token, PROS to $0.52 following the most recent investment.
Future Benefits for Token Holders
If we are to look ahead in the distant future, Prosper needs PROS token holders to engage themselves in protocol governance through either voting for BNB Chain or Ethereum. The participants won’t return home empty handed as, those who participate will be eligible for unique and exciting staking rewards, moreover boosting Prosper’s appeal to long-term investors.
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