Prosper provides a means of independently supporting a system upon which man-made environmental damage can be reversed.

Incentivising the regeneration of our planet

The e³ rating integrates ethical and environmental behaviour into the competition mechanism because it enables investors and institutions to verify the fulfilment of ethical and environmental requirements (e.g. when tendering or setting taxes) with an e³ score. The tenders will then no longer ask for the cheapest offer, but who achieves the highest sustainability effect with the lowest capital investment. Companies no longer compete for the cheapest offer price, but for the best price/sustainability ratio. This is a means to offset existing footprint, profit from a growth business and earn dividends in the form of the network’s native asset-backed currency.

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The invisible green hand

Unlike a state resource tax, the product does not become more expensive rather, the competitive landscape is optimised to ensure that our planetary boundaries are respected.

The invisible hand of the market in Adam Smith’s metaphor which should ensure that self-interest and general interest coincide, becomes green and ethical when a concensus-centric regulatory framework provides the right incentives for sustainable economic activity.

How regeneration is incentivised

This “Freegenerative market” or regenerative free market decouples wealth creation from entropy-increasing non-renewable resource use by rewarding those who are invested in the most regenerative businesses.
  1. The e³ rating system enables intelligent incentive distribution, acting as the indexing tool of a circular economy (e.g. Ellen Mac Arthur Foundation 2015).
  2. Apportioned cryptocurrency is distributed as the financial incentive. The equity that an investor has in any given business along with each respective e³ rating determines their cryptocurrency reward.

This pairing turns ethical and environmentally responsible behaviour into a competitive advantage, as e³ ratings and dividend distribution data informs participants.

The currency of a green economy

Rays are a cryptocurrency that represent a tangible share of the total economic value held in the Prosper World and act as the invisible ‘green’ hand of the market.

The value held by the Rays cryptocurrency is as a result of the Prosper smart-contract’s distribution-matching engine. For every Partner Project token that is minted by the investor, 10% are deposited into a one-way index-fund. The Partner Project token value (at the time of creation) is then used to determine the quantity of Rays that need to be minted; ready for distribution to those who are staking their tokens.

The cumulative value of Prosper World Partner Project tokens stored in the Index Fund can be used by market makers to determine the fair value of each Ray in circulation. This is not a fractional reserve, but rather a fully-backed and frictionless peer-to-peer currency that grows with the success of the network as a whole.

The Rays rewards are proportionately distributed to those wallets holding the best e³ rated businesses’ tokens, which is a mechanism that promotes high-performing projects and deters investment into under-performing projects.

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Why build an eco-smart network on blockchain?

The single most important feature that a decentralised blockchain offers is censorship resistance.

Besides providing a frictionless peer-to-peer market that removes many of the intermediaries that exist in the current economic infrastructure and given the scope of the network, the following are critical:

  • Validity of the Rays rewards – in other words, the e³ rating results and associated Rays distribution flow.
  • Business performance data– so that investors know that the data is always publicly available, immutable and therefore auditable.

In combination, this provides enough econometric data to inform the Rays currency valuation, thus reducing the scope for speculation, which is the greatest cause of volatility in the crypto market and often the reason would-be crypto investors hesitate joining the ecosystem.

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The Prosper World Economy

Regenerative, transparent, immutable, peer-to-peer, self-governing economic framework.

The ultimate vision of the Prosper World translates into a fully sustainable and autonomous economy. With end-to-end tracking of product and service cycles, each project ensures fidelity and integrity at every stage – verifiable and immutably stored on the Prosper and Partner Project block chains.

Through incentivising infinite production, each Partner Project will build, rebuild and rebuild again to contribute towards a fully sustainable and regenerative system of industrial, personal and financial well-being.

With such ominous warnings – the shortage of water, food and starvation thereafter – the Prosper World is the only Earth standard Humanity can live with. For the planet to thrive, to remove intermediaries, and increase abundant supply so that everyone can flourish in a more sustainable world, a new economic framework is not simply an option but an urgent necessity. Prosper provides that operating system and token minters make it possible.

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