Tallinn, Estonia, thirtieth June, 2021, PARSIQ is proud to announce its upcoming protocol launch attracts close to. Come June 30, 2021, the protocol will launch, and the PARSIQ 2.0 tokenomics will go into impact. Customers can take a look at these modifications and supply liquidity, whereas PARSIQ shoppers will start borrowing to entry the platform roughly one week after the protocol’s launch.
Many issues are coming collectively for the PARSIQ ecosystem. Its ongoing growth and evolution since its inception in 2018 culminated within the launch of the IQ Protocol. Bringing a risk-free answer to the decentralized finance trade is an enormous endeavor. But, the time has come to transition crypto from a speculative section to delivering globally usable monetary services that require no intermediaries.
The IQ Protocol has obtained a testnet launch on to experiment with the options and supply beneficial suggestions. Because the testnet section concludes, PARSIQ can deliver the IQ Protocol to the mainnet come June 30, 2021. As a stand-alone product, the protocol creates an financial mannequin that ties collectively the IQ Protocol, PARSIQ, and the native PRQ token. Furthermore, one other eight tasks will leverage the IQ Protocol for his or her tokenomics modifications and fashions, confirming a rising want for this software-as-a-service answer.
What makes IQ Protocol distinctive is how it’s the first answer within the DeFi trade to supply risk-free collateral-less lending and borrowing. The IQ Protocol is open supply and decentralized, permitting for ample customization relating to the tokenization fashions for providers and options. By tokenizing current property and turning them into Energy Tokens. The protocol achieves decentralized subscriptions, one thing that was beforehand thought-about inconceivable within the blockchain world. As an alternative, it’s akin to a “renting” protocol for customers to ascertain decentralized round economies involving on-chain subscriptions.
PARSIQ co-founder Andre Kalinovski feedback:
“We consider that, for blockchain to attain mainstream adoption, transparency is essential. With the ability to monitor and analyze the blockchain, and confirm transactions in real-time, will assist to construct belief for customers and enhance the understanding of how blockchain works. PARSIQ won’t solely allow this kind of monitoring, however proceed to innovate and supply improved capabilities in future in order that the blockchain is accessible for all.”
It has additionally been confirmed that Mysterium Community is the primary to announce using the upcoming IQ Protocol for a tokenomics improve of their very own. That may be a important feat, because it confirms PARISQ’s imaginative and prescient for its tokenomics can unlock broader collaboration inside the blockchain trade.
Moreover, lenders who provide their tokens to the protocol can earn passive earnings. Customers will probably be trying to borrow or ‘hire’ expirable variations of those tokens to entry an ecosystem’s services or products. Choosing this technique removes the necessity to purchase tokens on the secondary market and promoting them again later. On-demand entry to particular options is the best way ahead and can spur mass adoption of this trade.
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain functions. PARSIQ know-how is a proprietary PARSIQL programming language that permits customers to watch and interpret an infinite stream of information on the blockchain. Thus, PARSIQ can monitor merchants’ and abnormal customers’ wallets.
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