Paribus Price
(PBX)
USD($)
Paribus (PBX) Live Price Chart
Overview
About
Analysis
FAQ
Paribus Live Price Data
The live price of Paribus is $0.0007896, with a total trading volume of $ 265,147 in the last 24 hours. The price of Paribus changed by -3.35% in the past day, and its USD value has decreased by -8.1% over the last week. With a circulating supply of 7.32B PBX, the market cap of Paribus is currently 5.78M USD, marking a --% increase today. Paribus currently ranks #-- in market cap.
How do you feel about Paribus today?
Note: This data is for reference only.
Paribus(PBX) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0xd528cf...483
Audited By
- https://hacken.io/audits/#paribus
Code & Community
Investors
- ZBS Capital
$0.0007696
$0.0008494
- ATH
- $0.0419665
- Price Change (1h)
- -1.28%
- Price Change (24h)
- -3.35%
- Price Change (7d)
- -8.10%
- Market Cap
- $5.78M
- 24h Volume
- $265,147
- Circulating Supply
- 7.32B
- Max Supply
- 10B
About PBX
How can I buy Paribus (PBX)?
Buying PBX on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Paribus (PBX) for more information. What Is Paribus (PBX) Crypto?
Cardano-based blockchain-agnostic DeFi protocol Paribus DeFi unlocks liquidity for various digital assets. It is a cross-chain borrowing and lending protocol for NFTs (non-fungible tokens), liquidity positions, and synthetic assets.
Paribus provides financial tools and products for NFTs while leveraging the benefits of Cardano, such as cheap transactions, high throughput, security, and reliability for high-value transfers. In addition to NFTs, Paribus supports other digital assets such as virtual land, synthetic assets, and liquidity providers (LPs).
It lets users lend, borrow, or stake synthetic assets, increasing capital efficiency and investment flexibility. The Paribus protocol offers a convenient platform for lenders in the decentralized finance sector to generate returns while borrowers can participate in a collateralized loan platform.
Paribus has its native governance token called PBX, which enables token holders to create and vote on proposals related to the protocol's guidance. The token aligns incentives across the yield protocol and seeks to establish harmony among stakeholders. PBX holders are entitled to a percentage of the fees earned by the protocol based on their stake.
How Does Paribus Work?
The Paribus protocol is a cross-chain decentralized finance (DeFi) protocol that aims to provide DeFi enthusiasts and investors with a platform to extend the reach of their digital assets and maximize their earning potential. The cross-chain dApp facilitates permissionless and censorship-resistant borrowing and lending for NFTs, synthetic assets, and liquidity positions.
The Paribus protocol allows users to unlock liquidity for conventional and unconventional digital assets without liquidating them, opening up new passive income sources. It achieves this by offering a lending market where DeFi holders and investors can extend the reach and utility of their digital assets.
The protocol securely loans out the funds lenders deposit, allowing them to earn interest on their investments. The Paribus website offers annual percentage rate (APR) computations to help lenders evaluate their returns on different assets.
Borrowers on the Paribus network can obtain fully collateralized loans, requiring them to deposit at least 100% of the desired loan amount. In this way, borrowers also act as liquidity providers. Collateralization ensures the safety of the borrowing process, benefiting both borrowers and lenders.
History of Paribus and PBX Token
Paribus was introduced in August 2021 to expand the scope of the DeFi market by harnessing the value of various digital assets beyond cryptocurrencies, including NFTs. Paribus was launched in the same month via an IDO on CardStarter, one of the leading launchpads for Cardano-based projects.
Its founding team comprises members with experience in organizations such as Barclays, Merrill Lynch, Reuters, Unilever, Orion, and Blocksquare. Deniz Dalkilic, the CEO of the company, has worked with Thomson Reuters and the London Metropolitan Police previously. Meanwhile, COO Wilson Davis has worked with Merrill Lynch and Barclays before co-founding Paribus.
Paribus announced its native staking program in November 2021, allowing users to earn passive income by investing in and HODLing PBX. Paribus opened its virtual HQ in Pavia, a metaverse in the Cardano ecosystem, in April 2022.
The Paribus Mainnet v1 release occurred in March 2023, launching on the Arbitrum network. As of June 2023, future focus areas for the Paribus development team include integrating NFTs as collateral and decentralizing governance by establishing the Paribus DAO.
Paribus (PBX) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.0000271 | -3.32% |
| 7 Days | $-0.0000693 | -8.06% |
| 30 Days | $0.0000733 | 10.23% |
| 3 Months | $0.0000514 | 6.97% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Paribus Conversion Rate
FAQ
How much is 1 Paribus (PBX) worth?
KuCoin provides real-time USD price updates for Paribus (PBX). Paribus price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time PBX to USD exchange rates. Is Paribus (PBX) a Good Investment?
Paribus (PBX) is an interesting token to add to your crypto portfolio. You could consider investing in Paribus crypto, especially if you believe in the potential of key sectors of the crypto market, especially DeFi, NFTs, and the metaverse.
As a cross-chain DeFi protocol that offers investors various ways to put their digital assets to work, increased use of the platform could raise the demand for the PBX token and support the value of Paribus. As Paribus adds support for more digital assets or expands to support more blockchain ecosystems, its liquidity rises further, making it even more attractive and further driving the PBX price.
The PBX to USD price could also rise amid positive or bullish sentiment in the broader crypto market. At such times, there is increased buying activity among investors and higher demand for DeFi services where they can put their crypto to work.
What Is Paribus Price Prediction?
While we cannot offer an accurate PBX price prediction over any timeframe, you could monitor the following factors to get a better understanding of the volatility and price action in this token:
Market Demand and Investor Sentiment For PBX
The overall market demand for Paribus and investors’ sentiment toward the project can significantly affect its price. Positive news, developments, partnerships, or increased adoption can attract more investors, leading to higher demand and potentially increasing the price of Paribus token.
Future Development and Partnerships of Paribus Project
The progress of the Paribus project, including its development milestones, technological advancements, and partnerships with other companies or blockchain platforms, can impact the PBX token price. Positive developments and partnerships that enhance the project's credibility, utility, and adoption can positively influence the Paribus price.
Crypto Market Outlook
Adopting and accepting DeFi protocols and crypto generally by the broader financial industry and institutional investors can indirectly impact the $PBX price. Increasing acceptance and integration of cryptocurrencies into traditional finance can create positive sentiment and increase the Paribus value.
How to Use PBX Coin
PBX is the native token of Paribus. Here are some of its use cases:
Governance Token For Paribus
As Paribus’s governance token, PBX token holders can vote on platform upgrades and changes, allowing them to have a say in the direction of the platform. This democratic governance structure ensures that the Paribus community has a voice in the development and maintenance of the platform.
Pay Transaction Fees on the Paribus Platform
The PBX token is used as a means of payment for transaction fees on the platform. When users engage in transactions such as borrowing or lending assets, Paribus charges a small fee in PBX tokens.
Incentive Token on Paribus
Users can earn PBX tokens as rewards for participating in the Paribus platform. Users who collateralize their assets, provide liquidity to pools, or stake their PBX tokens can earn rewards through PBX tokens.
Collateralize NFTs
PBX tokens can be used to collateralize NFTs on the platform, allowing users to borrow against the value of their NFTs and leverage their assets.
Trade or HODL PBX Token
Trade Paribus against other crypto assets on the KuCoin Spot Market or other supported platforms to profit from changing market conditions and volatility. You can buy or sell PBX or hold it long-term if you believe in the future potential of the Paribus project. Conduct thorough research and exercise caution when making investment decisions in the crypto market.
How to Stake PBX on Paribus
You can stake PBX on the Paribus protocol to generate passive income and grow your crypto portfolio. Here’s how:
1. Visit the staking interface on the Paribus app and connect your MetaMask wallet to it. Ensure that your network is set to the Ethereum mainnet.
2. Fund your wallet by buying PBX on KuCoin or other supported platforms and withdrawing your tokens to your wallet.
3. Review the various staking pools and select one based on the lockup period and APYs on offer.
4. Click Deposit and enter the number of PBX tokens you want to stake.
5. Confirm and approve the transaction from your wallet.
6. Sit back, earn rewards, and grow your holdings by staking PBX on Paribus.
Who Are Paribus’s Partners and Investors?
Paribus has partnered with several renowned businesses in the crypto industry since its launch, including Charli3, GeroWallet, Orion Protocol, Wave Financial, PhotoChromic, and Milkomeda.
Additionally, Paribus has received a strategic investment from cFund, the Cardano Ecosystem Venture Fund anchored by Cardano’s co-founder Charles Hopkinson and managed by Wave Financial.
What is the all-time high price of Paribus (PBX)?
The all-time high price of Paribus (PBX) is $0.0419959. The current price of PBX is down 98.12% from its all-time high.
What is the all-time low price of Paribus (PBX)?
The all-time low price of Paribus (PBX) is $0.0006059. The current price of PBX is up 30.42% from its all-time low.
How much Paribus (PBX) is there in circulation?
As of 12 22, 2024, there is currently 7.32B PBX in circulation. PBX has a maximum supply of 10B.
What is the market cap of Paribus (PBX)?
The current market cap of PBX is $5.78M. It is calculated by multiplying the current supply of PBX by its real-time market price of $5.78M.
How do I store Paribus (PBX)?
You can securely store your Paribus in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your PBX include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Movement (MOVE) to cash?
You can instantly exchange your Movement (MOVE) for cash using KuCoin's Fast Trade feature. This feature enables you to convert MOVE to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.