PRESS RELEASE. PARSIQ, a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time, announced that its PRQ token is now listed on OKEx with USDT base pair.
Please take note of the following go-live schedule:
- PRQ Deposit : 07:00am January 28, 2021 (UTC)
- PRQ Spot Trading : PRQ /USDT: 10:00am January 28, 2021 (UTC)
- PRQ Withdrawal : 10:00 January 29, 2021 (UTC)
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. PARSIQ’s features automate the blockchain analytics and monitoring process, providing customizable workflows with real-time intelligence.
Developers and individual users can transform the blockchain data to their favorite off-chain application or web service.
Among the obvious use cases is monitoring the wallets of traders and ordinary users. Among the non-obvious are complex system integrations for financial institutions and DeFi projects that use the PARSIQ infrastructure to improve security, conduct audits, comply with regulatory requirements, AML, and expand their workflows in other ways.
The infrastructure underneath PARSIQ’s user interface is built with their proprietary programming language ParsiQL, and its users’ benefits are multiplying with each supported integration.
PARSIQ Token (PRQ) is an essential piece of the PARSIQ platform that co-exists with FIAT payments for using its services. Payments within the platform that are made in PRQ tokens guarantee a discounted rate. During the first Epoch when PRQ tokens are used as payment for running Smart-Triggers users receive higher execution limits, unlock transport methods, and are able to propose features that can be added to the platform.
In October 2020, the PARSIQ team released plans for Epoch 2.0.
#1. Public Projects
With Public Projects users can subscribe to existing PARSIQ Projects that were pre-made by other users. By paying in PRQ, users that have subscribed to the Public Project will incentivize the creators to create interesting, complex, and more important – problem-solving projects.
#2. User Data and PRQ
Every single monitoring target (primitive of type address, a struct with the field of address type, table row) would require 1 PRQ to hold after the implementation. It means that if there are 1000 addresses (960 in the table as rows, 30 as primitives, 10 in the structs) then the User would need 1000 PRQ on the connected Ethereum Account balance.
#3. IQ Protocol
IQ Protocol will allow risk-free PRQ lending and collateral-less borrowing. Risk-free PRQ lending means that PRQ is not transferred from the lender’s address to the borrower’s address. Details on the algorithm are available in the dedicated explainer on PARSIQ’s blog.
PRQ Boost is a liquidity boost program to incentivize PRQ/ETH liquidity providers on Uniswap, which goes with the PRQBOOST utility tokens to increase rewards for liquidity providers.
PARSIQ is actively working to partner with major layer 1 blockchain protocols to expand the range of blockchain integrations and give projects that build on those protocols the ability to monitor and automate workflows between blockchain and off-chain.
Visit the PARSIQ website to discover some possible use-cases and find more details on the project and token: https://parsiq.net
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