Parex PRX Social Audit & Trust Score
Market Data & Token Stats
| Fully Diluted Valuation | N/A |
|---|---|
| 24H Trading Volume |
$3,686
(Snapshot)
|
| 24H Low / High | N/A |
| Circulating Supply | 9.05M |
| Total Supply | 41.51M |
| Max Supply | 77.00M |
Key Project Information
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Arman Kharatyan 1 more |
| Website | parex.network Whitepaper |
| Socials | 3 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Bscscan 1 more |
| Contracts |
0x51b....71733
|
OGAudit Security Evaluation & Social Audit Metrics
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Parex (prx) Expert User Reviews
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$prx Markets
| Name | Pair | OG Score |
|---|
About Parex
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.
What is unique about Parex (PRX)?
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.
Who are the founders of Parex (PRX)?
The specific founders of Parex (PRX) are Arman Kharatyan and Vahagn Khachatryan.
Information in this section carefully collected and curated from publicly available data from official sources, including the Parex Official Website, Parex Whitepaper, Parex GitHub Repository and Parex X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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