Parallel (PAR) is a decentralized, EURO-pegged stablecoin and multi-chain financial platform that leverages parallel processing technology. More
| Fully Diluted Valuation | $2.63M |
|---|---|
| 24H Trading Volume | $2,208 |
| 24H Low / High | $1.15 / $ 1.20 |
| Circulating Supply | 2.24M |
| Total Supply | 2.24M |
| Max Supply | ∞ |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | Claude Eguienta 1 more |
| Website | app.mimo.capital |
| Socials | |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Ftmscan 4 more |
| Contracts |
0x680....c4703
2 more
|
| Name | Pair | OG Score |
|---|
Parallel (PAR) is a multi-chain platform and stablecoin designed to improve decentralized finance (DeFi) operations. It uses parallel processing to handle more transactions efficiently across different blockchains.
Digital Collectibles and Governance
Parallel offers a platform with over 37,000 digital collectibles that users can borrow. The platform is managed by ParagonsDAO, where PDT token holders can vote on proposals and elect representatives. They can also stake PDT tokens to earn rewards, encouraging active participation.
Security Measures
Parallel emphasizes security with advanced technology. It uses strong encryption to protect transactions and personal data. Security features include hardware wallets and multi-signature techniques. Regular audits and technical measures help keep the platform secure.
DeFi and Stablecoin
The PAR token is a EURO-pegged stablecoin that is decentralized and backed by various assets. It is designed to be used across multiple blockchains, supporting activities like earning yield, providing liquidity, and serving as collateral.
Recent Developments
Recent milestones for Parallel include the launch of Parallel Finance, the creation of an omni-chain Layer 2 solution, and hosting events like the Parallel testnet airdrop and Parallel League tournament with a $500,000 prize pool. Future plans involve improving scalability with parallel execution on Ethereum’s Starknet.
Conclusion
Parallel (PAR) is a significant player in the DeFi space, offering a secure platform and stablecoin backed by diverse assets. Its ongoing innovations and developments make it a key tool in the evolving cryptocurrency landscape.
Parallel (PAR) stands out with its use of parallel processing technology to enhance scalability and efficiency across multiple blockchains. Its digital collectible platform and decentralized EURO-pegged stablecoin, PAR, add versatility to its DeFi services.
Parallel (PAR) was co-founded by Claude Eguienta, who serves as CEO, and Toby Hoenish, the Chief Financial Product Officer.
Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Uniswap V3 (Polygon), Balancer V2Balancer V2 (Polygon)
Join
OGAudit
