What Is Parsiq (PRQ)?

Parsiq (PRQ) is a Web3 data platform designed to develop functionality on blockchain data. According to the whitepaper, the platform uses built-in features like smart trigger and trigger wizard to build functionality. Parsiq’s smart triggers ensure that the platform doesn’t need to integrate the data manually whenever a downstream occurs on the blockchain. The reaction to overcome the downstream occurs automatically. In this case, the users receive alerts when such an activity occurs. The smart trigger also protects users from risks by detecting risky transactions and blocked accounts. Alternatively, the trigger wizard allows users to create smart triggers with simple steps in a few minutes. Parsiq aims to help in the widespread adoption of blockchain technology.

PRQ is the native token of the Parsiq ecosystem that runs on the Ethereum blockchain. Users can utilize PRQ tokens to access all services and tools provided within the ecosystem. Also, users can lend their tokens to the protocol renting pool and earn rewards daily. Users can claim their rewards or choose to withdraw PRQ tokens from the pool at any time freely. If any user doesn’t wish to purchase PRQ tokens, they can borrow Power tokens from the protocol for some time. Power tokens are another token of the platform that users can only utilize for subscriptions. Parsiq ecosystem’s IQ protocol looks after the economy of the ecosystem by collecting subscription fees and using the fee to increase demand for PRQ tokens.

History Of Parsiq (PRQ)

Anatoly Ressin, Andre Kalinowski, and Tom Tirman co-founded the Parsiq platform. 

The Parsiq platform has a total supply of 61,397,770.581654 PRQ.