How PRSPCT Exchange works

PRSPCT lets you invest in people — athletes, musicians, scholars, and founders — by buying bonds that grow in value as they succeed. Here's everything you need to know before you invest.

How prospect bonds work

The basics of buying, holding, and selling

You buy a bond at a discount

Prospect bonds start below their $100 face value. The more risk, the bigger the discount. A $35 bond means the market sees a long road ahead; a $90 bond means the prospect is almost there.

Milestones push the price up

As the prospect achieves real-world milestones — making a team, finishing a degree, signing a deal — the bond price rises toward par ($100). Every milestone is verified before it moves the price.

At maturity, bonds pay face value

If the prospect succeeds, bonds mature at $100 — regardless of what you paid. Buy at $35, receive $100. That's your return. Bonds have fixed terms (5, 10, 15, 20, or 30 years).

Trade anytime on the open market

Don't want to wait for maturity? Sell your bonds to other investors whenever you want. If the price has gone up, you pocket the difference. The market runs 24/7.

Investor FAQ

Common questions from people like you

Can I track my investment?+

Yes — every dollar you invest is tracked in real time on your Portfolio page. You'll see your current holdings, average cost, live market value, P&L (profit & loss) in dollars and percent, and full trade history. Bond positions also show yield-to-maturity, credit rating, and time remaining to maturity. Think of it like a brokerage account — you always know exactly where you stand.

Can I pull my money out at any time?+

Yes. You can sell your bonds or equity shares on the open market at any time, 24/7. If the price has gone up since you bought, you keep the profit. If it's gone down, you take the loss. There's no lock-up period — you're free to enter and exit positions whenever you want. The price you get depends on current market conditions, just like any exchange.

Does my money go directly to the prospect?+

No — funds are held in escrow and released to the prospect in milestone-based tranches. When you buy a bond, your money goes into a protected escrow account managed by PRSPCT. The prospect receives funds only as they hit verified milestones (making a team, completing a semester, landing a contract, etc.). This protects investors: if a prospect drops out or fails to hit milestones, remaining funds stay in escrow and can be returned to bondholders. Think of it like a Kickstarter with built-in accountability.

What happens if an athlete gets injured?+

Injuries are one of the core risks in prospect investing — and PRSPCT has protections built in. First, the bond price will drop to reflect the new risk, which is normal market behavior. Second, every athlete listing carries a milestone schedule — if injury prevents milestones from being hit, escrowed funds are not released and can be redistributed to bondholders. Third, PRSPCT is building an insurance layer: a small percentage of every transaction funds a protection pool that covers catastrophic events like career-ending injuries. You're never investing blindly — the scouting reports and milestone structure help you understand the risk before you put money in.

What happens when a prospect hits their funding target? Are late investors locked out?+

No one gets locked out. Here's how it works: when a prospect lists, they set a funding target (say $500K). As demand grows and the bond price rises, early investors benefit from price appreciation. Once the target is met, the prospect's bonds keep trading on the secondary market — late investors can still buy from existing holders. The price will reflect the higher demand (think of it like an IPO that pops on day one). Late investors pay more per bond, but they still have upside if the prospect continues to hit milestones and the bond pulls toward par ($100). The market is always open — there's no "sold out" moment, just price discovery.

What does 'play money' mean right now?+

PRSPCT Exchange is currently in preview mode. Every account starts with $100,000 in simulated currency so you can learn how the platform works, build a portfolio, and compete on the leaderboard — all without risking real money. When the platform goes live, the same mechanics apply with real funds, escrow, and regulatory protections. Your demo portfolio won't carry over, but the experience you gain will.

Where your money goes

Every dollar is tracked and protected

You buy bonds

Your investment enters the PRSPCT escrow system

Funds held in escrow

Protected and managed — never sent directly to the prospect

Milestones verified

PRSPCT confirms real-world achievements before any release

Tranches released

Prospect receives funds only as they earn them

Bond matures at $100

If all goes well, your bond is worth face value at maturity

Understanding risk

What can go wrong and how you're protected

Injury or health setback

Bond price drops to reflect new risk. Unreleased escrow funds are frozen and can be returned to bondholders. The insurance pool covers catastrophic career-ending events.

Prospect underperforms

If milestones aren't hit, the bond trades at a discount. You can sell at a loss or hold and wait — the prospect may still recover. Unreleased escrow stays protected.

Fraud or misrepresentation

Trading is immediately halted. The listing is delisted. Remaining escrow is distributed to bondholders. PRSPCT's verification process is designed to catch this before listing.

Protection pool

A small percentage of every transaction funds a shared protection pool. This pool covers catastrophic events, provides partial recovery for bondholders, and is managed transparently.

Trust & verification

Every prospect passes four gates before they can list — and stays inside them for life

Identity (KYC)

Every listed person completes government-ID verification with a liveness check before their listing goes live. One person, one listing — duplicate and synthetic identities are blocked at the door.

✓Government ID + selfie liveness match
✓Sanctions & watchlist screening
✓One verified identity per listing, forever

Career & work history

Claimed history has to survive contact with the source. We verify careers through the systems that already track them — never through screenshots the person provides.

✓LinkedIn connected via OAuth — imported directly, not self-reported
✓Athletes: federation registries, university registrars, licensed-agent confirmation
✓Entertainers: guild membership, agency & label confirmation
✓Founders: corporate registries, cap-table verification

Contracts & income streams

A listing's value rests on the income it shares. Every stream shown on a profile is backed by a document our review team (and, at scale, licensed auditors) has actually read.

✓Contracts reviewed before a stream can appear on a profile
✓Payout statements pulled from platforms and distributors at the source
✓Streams pending review are labeled — they never count as verified
✓Material contract changes must be disclosed within 7 days

Ongoing monitoring

Verification isn't a one-time gate. Listings are monitored for the life of the market, and the 51% rule keeps every person the majority owner of themselves — permanently.

✓Periodic re-verification of active income streams
✓Trading surveillance for wash trading and manipulation
✓Community fraud reporting with investigated takedowns
✓Misrepresentation leads to trading halt, delisting, and holder remedies

Preview mode: PRSPCT Exchange is currently running with simulated play money. All people, photos, and records are for demonstration purposes. When the platform launches with real money, escrow, insurance, and regulatory protections will be fully operational.

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