NEWS RELEASE. PARSIQ, a blockchain tracking and workflow automation platform linking on-chain and off-chain applications in real-time, revealed that its PRQ token is now listed on OKEx with USDT base set.
Please keep in mind of the following go-live schedule:
- PRQ Deposit : 07:00am January 28, 2021 (UTC)
- PRQ Spot Trading : PRQ /USDT: 10:00am January 28, 2021 (UTC)
- PRQ Withdrawal : 10:00 January 29, 2021 (UTC)
PARSIQ is a blockchain tracking and workflow automation platform that acts as a multi-level bridge in between blockchains and off-chain applications. PARSIQ’s functions automate the blockchain analytics and keeping an eye on procedure, offering personalized workflows with real-time intelligence.
Developers and private users can change the blockchain information to their preferred off-chain application or web service.
Among the apparent usage cases is keeping an eye on the wallets of traders and normal users. Among the non-obvious are intricate system combinations for banks and DeFi jobs that utilize the PARSIQ facilities to enhance security, conduct audits, adhere to regulative requirements, AML, and broaden their workflows in other methods.
The facilities below PARSIQ’s interface is constructed with their exclusive shows language ParsiQL, and its users’ advantages are increasing with each supported combination.
PARSIQ Token (PRQ) is a necessary piece of the PARSIQ platform that co-exists with FIAT payments for utilizing its services. Payments within the platform that are made in PRQ tokens ensure a reduced rate. During the very first Epoch when PRQ tokens are utilized as payment for running Smart-Triggers users get greater execution limitations, unlock transportation techniques, and have the ability to propose functions that can be contributed to the platform.
In October 2020, the PARSIQ group launched prepare for Epoch 2.0.
#1. Public Projects
With Public Projects users can register for existing PARSIQ Projects that were pre-made by other users. By paying in PRQ, users that have actually signed up for the Public Project will incentivize the developers to develop fascinating, intricate, and more vital – analytical jobs.
#2. User Data and PRQ
Every single tracking target (primitive of type address, a struct with the field of address type, table row) would need 1 PRQ to hold after the application. It implies that if there are 1000 addresses (960 in the table as rows, 30 as primitives, 10 in the structs) then the User would require 1000 PRQ on the linked Ethereum Account balance.
#3. IQ Protocol
IQ Protocol will enable safe PRQ financing and collateral-less loaning. Risk-complimentary PRQ financing implies that PRQ is not moved from the lending institution’s resolve to the customer’s address. Details on the algorithm are readily available in the devoted explainer on PARSIQ’s blog site.
PRQ Boost is a liquidity increase program to incentivize PRQ/ETH liquidity companies on Uniswap, which chooses the PRQBOOST energy tokens to increase benefits for liquidity companies.
PARSIQ is actively working to partner with significant layer 1 blockchain procedures to broaden the series of blockchain combinations and offer jobs that develop on those procedures the capability to keep track of and automate workflows in between blockchain and off-chain.
Visit the PARSIQ site to find some possible use-cases and discover more information on the job and token: https://parsiq.net
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