Blockchain development platform PARSIQ allows developers to deploy blockchain applications that can transfer data in real time, making it valuable for various blockchain-related projects and applications. It simplifies blockchain data analysis, enables automation of tasks, and serves as a backend infrastructure for web3 applications.
PARSIQ offers a full-suite data solution that enables users to access historical and real-time blockchain data through filtered and indexed APIs. This web3 data retrieval solution is designed to be reliable and fast, providing accurate and up-to-date information for blockchain applications.
The PRQ token serves a utility purpose within the PARSIQ ecosystem. It can be used for various functions, including transaction fees, staking, and participating in the network's governance.
PARSIQ is a blockchain-neutral platform that provides real-time data monitoring, automation, and notification systems for various blockchain networks through web3 APIs. Here's how PARSIQ works:
PARSIQ allows users to monitor and track real-time data on different blockchain networks, including Ethereum, BNB Chain, Polygon, Optimism, and Arbitrum. It continuously collects and processes blockchain data, making it accessible for analysis and automation.
One of PARSIQ's key features is its automation capabilities. Users can set up custom rules and triggers based on blockchain events. For example, you can create rules that trigger actions when a specific token is transferred, a smart contract executes, or other predefined events occur. This automation simplifies complex processes and actions on the blockchain.
PARSIQ enables users to program notification systems that alert them when specific conditions are met on the blockchain. These notifications can be sent via various channels, including email, SMS, or even integration with other applications.
PARSIQ is a backend infrastructure for web3 decentralized applications (dApps) and protocols. Its data network provides developers with the necessary tools to build the backend components of dApps, making it easier to access and utilize blockchain data.
PARSIQ was founded as a blockchain data management solution for developers. It offers the capability to access and analyze real-time and historical data from multiple blockchains, including Ethereum, BSC, Polygon, Avalanche, and Arbitrum.
The founders of PARSIQ include Anatoly Ressin, Andre Kalinowski, Tom Tirman, and Rong Kai Wong. Tom Tirman served as the company’s CEO till June 2023. In July 2023, former COO Rong Kai became the new CEO.
As of October 2023, the most recent developments in the PARSIQ roadmap include Metis integration, the launch of a new pricing model based on Computational Units (CU), and a partnership with Protofire.
Period | Change | Change (%) |
---|---|---|
Today | $-0.00693 | -6.91% |
7 Days | $0.00739 | 8.61% |
30 Days | $0.01549 | 19.92% |
3 Months | $-0.00926 | -9.03% |
Here’s why you could consider adding $PRQ to your crypto portfolio:
PARSIQ provides valuable blockchain data management solutions for developers. As blockchain technology grows, the need for such services may increase, potentially benefiting PRQ holders.
The level of community support and adoption of PRQ within the blockchain space can influence its value. Active partnerships and usage can be positive signs.
PRQ serves as a utility token within the PARSIQ ecosystem, enabling access to blockchain data solutions. Its utility in real-time data monitoring and automation can drive demand for the token.
While it is challenging to provide a reliable PRQ price prediction over any duration, the following factors could help you understand the price trends in the PARSIQ crypto:
The utility of PRQ within the PARSIQ ecosystem is crucial. Increased adoption of PARSIQ's blockchain data management solutions can drive demand for PRQ, positively affecting the PARSIQ price.
Competition from other blockchain data management solutions and cryptocurrencies can affect the PRQ price and market cap. PRQ's ability to stand out in a competitive environment can support the PRQ/USDT price.
Broader market trends can influence the price of PARSIQ coin in the cryptocurrency space. Bull markets tend to drive up the price of PRQ token across the board, while bear markets can lead to weakness in the PRQ coin price.
PRQ, the native token, serves several important functions within the PARSIQ ecosystem:
PRQ is an integral part of the PARSIQ ecosystem and is used to access and utilize PARSIQ services. Holders of PRQ tokens can use them to pay for the services provided by PARSIQ, including blockchain data monitoring and automation.
Users and businesses can use PRQ tokens to pay for services like web3 games, trading platforms, research and analysis, and NFT projects within the PARSIQ network.
You can stake $PRQ on IQ Protocol to earn attractive yields on your holdings. They can earn staking rewards in PRQ tokens and qualify to earn $IQT, IQ Protocol’s native token.
Trade PARSIQ coin against other crypto assets on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell PRQ, or hold it long-term if you believe it has the potential to appreciate in value. Remember to make any investment decision in the crypto market only after you DYOR.
PRQ is available as an ERC-20 token on Ethereum and a BEP-20 token on the BNB Chain. You can stake PRQ by bridging your tokens to the BNB Chain. Here’s how staking PRQ on IQ Protocol works:
1. Fund your wallet by buying PARSIQ tokens on KuCoin and transferring them to your wallet.
2. To participate in the PRQ staking pool on IQ Protocol, you will need to bridge your PRQ tokens from the Ethereum network to the BSC network. Follow the guide provided on IQ Protocol's website to bridge your PRQ tokens to BSC.
3. Visit the IQ Protocol platform or app once your PRQ tokens are on the BSC network.
4. Connect your BSC-compatible wallet to the IQ Protocol platform.
5. Navigate to the staking section on the platform.
6. Choose the PRQ staking pool that suits your preferences. Different pools may offer varying staking durations and rewards.
As of October 2023, PARSIQ supports Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, Avalanche, and Metis.
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