Prime（ https://primematrix.io/ ）What is it? Algorithm currency, elastic currency, in addition, prime is also a basic cryptocurrency. What are the basic cryptocurrencies, such as BTC, ETH, etc. In order to make it easier to understand, here we make a simple analogy between prime and BTC

BTC, the price can rise to the sky, but the total amount is fixed at 21 million cryptocurrencies;

Although the price fluctuates around the mark price temporarily, the total amount can rise to the sky.    

In other words, BTC is a base currency whose price can reach Da moon, while prime is a base currency whose total amount can reach Da moon. For many people who have just come into contact with prime, there may be many problems. According to the author's observation, they can be divided into the following two types:

1. How does prime make money?

2. What is the rebase of prime? Can currency be separated in the wallet?

1、 How does prime make money?

If you bought one BTC when the BTC was $10000, and now bitcoin has risen to $19000, you have made $9000; if at some time in the past, you bought one when prime was $1, and now prime has risen to $1.40, and your original one has become two, then you have made $1.8.

In BTC, only one variable is price; in prime, there are two variables: price and quantity. There are two variables in prime, which increases the difficulty of understanding prime, and also increases the understanding of prime space for newcomers. Prime has a dimension more than BTC, and its rhythm is much faster than BTC. Some people compare prime to the fast forward version of BTC.

The growth space of prime depends on the price and the quantity. In sum, it depends on the market value. Although the price of prime fluctuates in a certain space, the number of prime can be a runaway wild horse. For example, if you buy 10 prime, it may become 100 or more in the inflation cycle, which will make money.

So how can prime become more or less? This is about the rebase mechanism of prime.

2、 What's the rebase of prime? Can money be divided in your wallet?

The total amount of prime is not fixed, so how to adjust the total amount? Prime's currency agreement automatically adjusts the wallet balance of all users in the network according to the price situation within 24 hours. In short, prime anchors a certain price. If the price in the past 24 hours is the average of the quantity and price of the price, inflation will occur, that is, more money in the wallet; if it is less than the marked price, deflation will occur, that is, less money in the purse.

The process in which the number of prime becomes more or less is automatically adjusted by the prime smart contract. This process does not need to be transferred. In other words, it is to directly modify the number of prime balance in the wallet. This automatic supply adjustment happens once a day. This operation is called rebase, which is triggered at 9:00 Beijing time every day.

In rebase operation, the number of token balance in all wallet addresses is changed in equal proportion according to the same principle. That is to say, no matter where your prime is placed, it will be divided or deducted, and there will be no difference; at the same time, everyone can get the same proportion, and there is no problem that who has an advantage. That is to say, although there are more or less coins, your proportion in the total amount of prime will not change if you do not actively sell or buy.

At present, prime can be traded on uniswap. As the market continues to pay more attention to algorithmic currency, prime will not be far away from its take-off day!

Defi is the abbreviation of decentralized finance, which is a big concept, and this concept can be subdivided into: deposit lending, mortgage lending, trading platform (DEX), stable currency (DAI), financial derivatives and insurance, etc.

The year 2020 is a booming year for defi. According to the data collected by DFI pulse, the dollar value of eth locked in the defi agreement has increased from $674 million in early January to more than $14.2 billion now - an increase of 2100% in just 11 months. By comparison, the value of eth locked into the defi agreement increased by only 130% in a year in 2019, from $293 million to more than $687 million. As of the time of publication, the total market value of defi has exceeded US $18.5 billion, which can be described as blooming everywhere. Various high-quality projects emerge in endlessly, including Pros.finance.

Pros.finance It is a decentralized financial system integrating defi + Dao + NFT + cross chain technology. Based on the characteristics of blockchain technology, such as openness, autonomy, and unforgeability, a larger integrated and interworking financial protocol matrix is constructed based on the cross chain exchange protocol. Finally, an open financial ecological network with benign cycle, two-way incentive and self purification is built on the chain.

In official misinformation, Pros.finance The founding teams are very strong, and the top management comes from overseas traditional financial fields. The founders worked hard on Wall Street and were early contacts with bitcoin. They had a deep understanding of the whole blockchain industry. It can be said that with the qualifications of the founding team, we can easily see the various business pain points in the initial stage of defi: the project ecology is not perfect, the technology is not mature enough, and the market acceptance is relatively low. these ones here, Pros.finance It will be solved gradually in the later development process.

Pros.finance One million tokens of pros were issued in a constant quantity, and uniswap was launched on December 12. At the end of the year when the market of many projects was in a downturn, the performance of pros in the opening day was more than 100%, which was enough to hang up many defi projects in the same period. The subsequent opening of pledge mining and liquidity mining also obtained good market feedback. The current circulation of pros is about 300000, with a market value of about 2.1 million US dollars. Compared with what it will do in the future, both the current market value and the market potential of pros are seriously underestimated.

In defi industry, it has experienced savage growth, and is in the period of return to value Pros.finance It can be said to conform to the general trend. In addition, we have chosen the potential "track" of defi and prepared sufficient capital, media, community and other high-quality resources in advance in the face of huge market development opportunities Pros.finance It will also lead the next wave of blockchain wealth.

As its white paper says: we have reason to believe that a decentralized system will be the future of the world, and each of us will be an important node in the future decentralized system and the cornerstone of society to change the direction of the tide of the times. Pros.financ It will be able to stand out in the wave of popular defo and open a new world gate for the majority of users!