Prophet, which describes itself as the US’s first peer-to-peer sports betting exchange, has today confirmed the launch of pre-registration for ProphetExchange.com, a NJ-based betting platform where patrons can set prices for other users to be on.
“We are gearing up for the full consumer launch of Prophet in our home state of New Jersey and wanted to find a new way to reward everyone who joins Prophet at the pre-registration stage. “Exchange The Love” is the perfect way to achieve that,” commented Dean Sisun, Prophet’s CEO and co-founder.
This pre-registration period is in partnership with the company’s first crowd-funded campaign titled, Exchange The Love. As part of this campaign for every 500 pre-registration customers, Prophet will increase the launch deposit match bonus by $25.
“This is an exciting time for Prophet, starting to welcome customers into our community, and “Exchange The Love” is a great way to say thank you to everyone who comes on board now. An exchange grows stronger with more active users – more liquidity equals better prices – which is why we wanted to create a campaign that allows users to help each other while also being incentivized for doing so.
“With that said, for every 500 people that sign up during our pre-registration phase, we’re going to increase the deposit match bonus for everyone by $25. That means that when we hit 5,000 new registrations, that deposit match bonus is going to be up at $250, and so on. The more people that come on board now, the more everyone gains,” concluded Sisun.