Parex
PRX Price
Parex (PRX) is a platform that uses a unique token production mechanism and Proof of Interoperability. More
| Fully Diluted Valuation | $1.18M |
|---|---|
| 24H Trading Volume | $146,738 |
| 24H Low / High | $0.03 / $ 0.03 |
| Circulating Supply | 20.74 M |
| Total Supply | 41.51 M |
| Max Supply | 77.00 M |
| Categories | BNB Chain Ecosystem 3 more |
|---|---|
| Founder | Arman Kharatyan 1 more |
| Website | parex.network Whitepaper |
| Socials | 4 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Binplorer 2 more |
| Contracts |
0x51b....71733
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| Name | Pair | OG Score |
|---|
Parex Network is a decentralized platform built on Web3 and DAO (Decentralized Autonomous Organization) principles. It provides a user-controlled and transparent environment for managing digital assets. Parex is designed to work with Ethereum and other blockchain networks in the future.
Key Features of Parex
Parex operates as a decentralized exchange using the PRX token. This token is created through a unique mining process, which connects it to active user participation. A notable feature is the Proof of Interoperability, which allows PRX tokens to move easily between different blockchain networks.
Security
Parex focuses on security by using blockchain technology for transparency and decentralization. It also supports hardware wallets to keep users' private keys safe. The Proof of Interoperability ensures secure and low-cost transactions between networks. Additionally, PRX tokens are burned when they are produced, helping to stabilize their value.
Uses and Applications
Parex provides various services within the decentralized finance (DeFi) space. It allows secure trading of cryptocurrencies without needing a central authority. The PRX token supports environmentally friendly mining and helps with cross-network transactions. Parex also has potential uses in payments, smart contracts, Internet of Things (IoT), and artificial intelligence (AI).
Important Milestones
Parex has achieved several key milestones, including starting its payment services in 2017, partnering with banks in 2018, and receiving a regulatory license from the UAE government. Its mainnet launched on April 15, 2024, and the PRX token was listed on a major exchange in 2021.
Conclusion
Parex (PRX) is a new and innovative platform in the decentralized finance space. Its focus on interoperability, security, and user control makes it a significant addition to the cryptocurrency world.
Parex (PRX) is unique for its decentralized exchange platform that utilizes a distinctive mining production mechanism and Proof of Interoperability, enabling seamless transactions across various blockchain networks with secure and low-cost transfers.
The specific founders of Parex (PRX) are Arman Kharatyan and Vahagn Khachatryan.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Parex PRX. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Parex (PRX) is ($20,742,456), max supply of Parex PRX is ($77,000,000) and the market cap of Parex PRX is ($588,071).
What is the Parex (PRX) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Parex (PRX) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Parex (PRX) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Parex PRX) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Parex (PRX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Parex (PRX) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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