Derived from primitives found in natural life (entropy & psycho-social behavior) PoCD, or Proof-of-Committed Decay, is a consensus mechanism designed to establish an alternative economic policy based on favorable concepts underlying Keynesian, Hyakian, MMT & cryptocurrency economics. While Traditional consensus models such as PoW/PoS handle state related functions; PoCD acts as an added layer on top traditional consensus models baking in enhanced economic properties.
Prophecy is a worth exchange organization of monetarily boosted entertainers that come to agreement on the condition of the organization's monetary strategy. This is the main decentralized working framework for cash. Prophecy use the natives found in inheritance account to give advancements inmonetary strategy. Prophecy token ($PRY) is the token behind Prophecy and prophet yield pools.
Prophecy is furnished with a novel financial agreement motor which influences the normally occuring psycho-social natives found in conventional money related arrangement. Known as PoCD (or Evidence of-Submitted Rot), the motor establishes a financial climate that animates open market interest to battle esteem deterioration.
Gotten from natives found in characteristic life (entropy and psycho-social conduct) PoCD, or Confirmation of-Submitted Rot, is an agreement component intended to set up an option monetary approach dependent on great ideas hidden Keynesian, Hyakian, MMT and digital money financial matters. While Conventional agreement models, for example, PoW/PoS handle state related capacities; PoCD goes about as an additional layer on top customary agreement models heating in improved financial properties.
The PoCD motor which supports the monetary rationale is worked of four conditions; Copying, Marking, Market Reaction, tax assessment; which are additionally refined into 5 modules. While trying to augment PoCD financial rationale, every one of its modules are granulated dependent on a wide range of elements. Systems with a cover in granulation speak to a level of conditions on each other and in this manner make a reformist criticism circle in themselves. Except for "Outside Meta-Measurements", the entirety of the modules are somewhat dependent on each other.
It is said that liquidity is the oxygen of monetary business sectors, and that old resources make for lifeless business sectors. Prophecy has actualized a motivating force boundary that distils network impact through commitment. Prophecy presents the speed inciting Uncovered Duty, an approach to boost Prophecy token utilization in the network.
At the foundation of present day monetary strategy lay the contracting gracefully model of Consuming. Through a precise decrease in the all out circling gracefully, Prophecy drives deflationary properties as a way to hold and develop its market thickness.
Prophecyunderstands that the current customer worldview in the crypto business is an Impasse: develop crypto networks are outfitted with hearty central measurements that give recursive development and security. To acquire the sensible natives of the business' computational foundation, Prophecy secures its financial arrangement in the advanced economies state.
Inside Prophet Pools
PoCD
Prophecy is equipped with a novel economic consensus engine which leverages the naturally occuring psycho-social primitives found in traditional monetary policy.
Known as PoCD (or Proof-of-Committed Decay), the engine creates a monetary environment that stimulates open market demand to combat value depreciation.
Bare-Tax
It is said that liquidity is the oxygen of financial markets, and that stale assets make for stale markets. Prophecy has implemented an incentive parameter that distills network influence through contribution.
Prophecy introduces the velocity-inducing Bare-Tax, a way to incentivize Prophecy token usage in the community.
Burning
At the cornerstone of modern economic policy lay the contracting supply model of Burning. Through a systematic reduction in the total circulating supply, Prophecy drives deflationary properties as a means to retain and grow its market density.
Stabilizing demand through the art of Burning.
Meta-Metrics
Prophecy realizes that the current consumer paradigm in the crypto industry is a Catch-22: mature crypto networks are equipped with robust fundamental metrics that provide recursive growth and security. In order to inherit the logical primitives of the industry's computational infrastructure, Prophecy anchors its monetary policy in the digital economies state. Fueling economic indemnity with Meta-Metric.
Prophecy will begin with 200 million PRY tokens, with an initial circulating supply of 100 million PRY tokens. This is the amount of tokens we'll start with before burning schedules begin.
