PARSIQ

price
change

Discover PARSIQ's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is PARSIQ?

PARSIQ (PRQ) is a blockchain connectivity layer and development platform that enables real-time data transfer between on-chain and off-chain applications. It offers a range of tools, including Smart Triggers, ParsiQL, and the Tsunami API, which facilitate the integration of blockchain data into various applications. The PRQ token is used for payment, governance, and staking, and is compatible with multiple blockchains such as Ethereum, Polygon, and Avalanche.

How is PARSIQ used?

The crypto PARSIQ (PRQ) is used as a utility token within the Parsiq ecosystem. It serves as a means of payment for accessing various services and capabilities on the platform. These services include the use of Parsiq's unique features such as smart triggers and automated workflows, which connect blockchain activity to off-chain applications.

How do I store PARSIQ?

To store PARSIQ (PRQ) tokens, you have several options based on your needs and preferences:

  1. KuCoin Account: You can hold your PARSIQ (PRQ) in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. This option is convenient for frequent trading but requires setting up a strong password and security settings to prevent unauthorized access.

  2. Non-Custodial Wallets: For maximum security, you can withdraw your PARSIQ (PRQ) to a non-custodial wallet, such as hardware wallets, Web3 wallets, or paper wallets. This option gives you complete control over your private keys but may be less convenient for frequent trading.

  3. Coin98 Super App: You can also store PRQ on the Coin98 Super App by searching for the token, following the in-app steps.

  1. ETH Compatible Wallets: Since PARSIQ (PRQ) is an ERC-20 token, it can be stored using any Ethereum-compatible wallet.

Choose the method that best fits your needs and security preferences.

How to buy PARSIQ?

To buy PARSIQ (PRQ) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a reliable centralized exchange where PARSIQ is listed, such as KuCoin, CoinEx, OKX, gate.io, or MEXC. Alternatively, you can use a decentralized exchange (DEX) like 1inch.

  2. Create an Account: Register for a free account on the chosen exchange. This typically involves providing personal information and verifying your identity.

  3. Add a Payment Method: Connect a payment method, such as a bank account, debit card, or wire transfer, to fund your account.

  1. Buy Ethereum (Optional): If using a DEX, you may need to buy Ethereum (ETH) as a base currency. You can do this on an exchange like Binance and then transfer the ETH to your wallet.

  2. Transfer Ethereum to Your Wallet (Optional): If using a DEX, transfer the Ethereum from your exchange account to your crypto wallet, such as Trust Wallet.

  3. Connect Your Wallet to the DEX (Optional): Connect your wallet to the DEX you have chosen, using your wallet address.

  1. Select PARSIQ and Trade: On the exchange or DEX, select PARSIQ as the coin you want to buy and specify the amount. You can choose between a market order or a limit order, depending on your preferences.

  2. Finalize Your Purchase: Review the details of your purchase and confirm the transaction. Once the order is executed, you will have PARSIQ tokens in your account.

Remember to always research the exchange and DEX you use, and be cautious of scams and market risks.

Discover
PARSIQ
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of PARSIQ

The history of PARSIQ (PRQ) dates back to 2018 when it was founded as a blockchain development platform. Initially, the $PRQ token was launched on Ethereum as an ERC20 token but later expanded to BNB Smart Chain as a BEP20 token, allowing it to serve as a means of payment within the platform.

PARSIQ is designed to facilitate the deployment of blockchain applications that transfer data in real-time. It supports multiple blockchains, including Bitcoin, Ethereum, Algorand, and Dash, making it a blockchain-neutral platform. The platform offers various tools and features, such as custom APIs, smart triggers, and a native wallet and payment processor called Ncase, to help developers build and integrate blockchain applications seamlessly.

The $PRQ token plays a crucial role in the platform, as it is used by businesses to pay for Parsiq services when deploying applications. The token has a total supply of 300 million and a maximum supply of 500 million. At one point, the token reached an all-time high of $2.60 in April 2021, but its value has since depreciated.

Despite the decline, the long-term prospects of PARSIQ appear bullish, with the team continuously developing new features and forming partnerships. For instance, the integration with OpenSea, the largest NFT platform, demonstrates the platform's potential for growth and adoption.

Discover
PARSIQ
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How PARSIQ works

Parsiq (PRQ) is a blockchain platform that focuses on real-time monitoring and analysis of data and events across different blockchain networks. It uses a combination of artificial intelligence (AI) and machine learning technologies to track, analyze, and act on events and data occurring on various blockchains. This allows users to receive instant, real-time notifications when specific conditions or anomalies occur on the blockchain networks they are monitoring.

Key Features and Functionality
  • Real-Time Monitoring: Parsiq provides advanced monitoring tools that enable users to track events and data in real-time across multiple blockchain networks, including Ethereum, Binance Smart Chain, and Solana.
  • Automation: The platform allows users to automate workflows triggered by blockchain events, making it a user-friendly platform for both technical and non-technical users.
  • Smart Triggers: Parsiq's Smart Triggers feature extends the functionality of blockchain smart contracts into the real world, enabling the integration of blockchain technology with various real-world applications.
  • Custom API: The platform offers a Custom API for complex data querying and filtering, tailored to specific blockchain data requirements.
  • IQ Protocol: The IQ Protocol is a decentralized money market protocol that allows users to rent tokens risk-free for a certain period, decreasing financial risk and increasing flexibility for users who wish to use Parsiq without exposing themselves to token volatility.
Tokenomics and Utility
  • Native Token: The PRQ token is the native token of the Parsiq ecosystem and is required for accessing all services and capabilities of the platform.
  • Utility: PRQ tokens are used to pay for monitoring and automation services, as well as to incentivize validators and network participants.
  • Token Renting: Users can rent PRQ tokens from the IQ Protocol's renting pool, providing a sustainable economy around the token and product.
How to Use Parsiq
  • User Panel: The Parsiq user panel allows users to deploy basic applications from pre-sets, such as tracking Ethereum wallet balances.
  • Custom Applications: More advanced applications can be built to scale for hundreds of thousands of users, including DeFi applications and automated bots.
Blockchain Neutrality
  • Multi-Blockchain Support: Parsiq can sync data from different blockchains, making it blockchain-neutral.
  • Blockchain Adapter: The platform's blockchain adapter processes raw network transactions in real-time, enabling developers to process payments and advanced smart contracts from their centralized app to the blockchain.
Real-World Applications
  • Integration with Off-Chain Systems: Parsiq's Smart Triggers feature connects blockchain events with off-chain systems and devices, making it a key player in integrating blockchain technology with various real-world applications, such as finance and supply chain management.

Overall, Parsiq (PRQ) offers a unique solution for real-time monitoring and automation across multiple blockchain networks, making it a valuable tool for developers, blockchain projects, and end users.

Discover
PARSIQ
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

PARSIQ's strengths

The token PARSIQ (PRQ) has several strengths that make it a unique and valuable asset in the blockchain ecosystem:

  1. Real-time Monitoring and Automation: Parsiq's platform uses artificial intelligence and machine learning to track, analyze, and act on events and data occurring on different blockchains, providing real-time notifications and automation capabilities.

  2. Blockchain-Neutral Functionality: Unlike some competitors, Parsiq supports multiple blockchains, including Ethereum, Binance Smart Chain, and Solana, making it a versatile tool for developers and users.

  3. Smart Triggers and Custom API: Parsiq's Smart Triggers feature extends the functionality of blockchain smart contracts into the real world, and its Custom API allows for complex data querying and filtering tailored to specific blockchain data requirements.

  1. IQ Protocol and Tokenomics: The IQ Protocol enables a novel token-based subscription model, allowing users to 'rent' tokens for accessing services, creating a circular economy around the PARSIQ platform and PRQ token. This approach provides passive income opportunities for token holders.

  2. Scalability and Interoperability: Parsiq's platform is designed to handle millions of transactions across multiple blockchains without compromising load or throughput, making it a scalable and interoperable solution for various blockchain applications.

These strengths position Parsiq as a pioneering solution in blockchain interoperability and real-world applications, offering a unique set of tools and services that cater to the needs of developers, businesses, and individuals in the blockchain space.

PARSIQ's risks

PARSIQ (PRQ) carries significant financial risks. According to InvestorsObserver, the token's risk score indicates it is a relatively high-risk investment, primarily due to the potential for manipulation based on the amount of money required to shift its price over a 24-hour period, along with recent changes in volume and market capitalization. This means that investors should be cautious and thoroughly assess the risks involved before investing in PRQ.

Discover
PARSIQ
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did PARSIQ raise funds?

Discover
PARSIQ
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

PARSIQ’s team

  • Anatoly Ressin: Co-Founder and Chief Blockchain Architect, founder of Blockvis, involved in the development of Civic & Deloitte blockchain solutions.
  • Oleg Kertanov: Employee at PARSIQ.
  • Haw Dong (昊東) H.: Employee at PARSIQ.
  • Timur Rassolov: Employee at PARSIQ.
  • Daniil Romazanov: CTO of PARSIQ.
  • Mike: Head of Sales and Partnerships at PARSIQ, previously worked at Facebook and Coinlist.

Whalee AI

The fundamental analysis assistant for crypto value investors.

PARSIQ NEWS REPORT

Latest news

Want an analysis of PARSIQ? Tell us on discord.

Similar tokens

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM