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Prophet Token
Prophet Token $PRO
Contract Address: 0xf810576A68C3731875BDe07404BE815b16fC0B4e
The Prophet Token $PRO is an incentive token that is minted and distributed to Liquidity Providers through the Master Prophet Yield Farming Contract.
Prophet Token starts with an inflation of 6 $PRO per block starting June 2022. The $PRO per block will decrease 1 $PRO per block after the initial bonus month! Prophet Token will be more scarce and harder to come earn by this stage!
The Prophet Token $PRO has a deflationary mechanic of 1% burn on transfers, which keeps the supply in check and incentivizes holding. For Example: If you transfer 100 $PRO, 1 $PRO is burnt. The receiving address will only receive 99 $PRO. Prophet Token does not have a set Max Supply but with rough calculations we can calculate that in 10 years the total supply could be around 250-300 Million. This is not taking into account the 1% burn on transfers and the $PRO buy/burn system. This number is derived by Songbirds average block time. Songbirds current average block time is about 1.5 seconds. After the initial bonus phase Prophet will be minted at 1 $PRO per block which is an inflation of approximately 22 Million per year. Under certain circumstances it is possible that Prophet token can be deflationary. Prophet Token will be utilized to stake and earn from different contract interactions. TBA. Prophet Token will be used to mint exclusive NFTs.
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