Besides incentivizing users who make payments with the tokens, the PRQ tokens have other unique advantages and use cases.
The native digital token of the PARSIQ platform dubbed the PRQ Tokens has now been listed on major cryptocurrency exchange OKEx. The listing, which was confirmed in a press release shared with Coinspeaker shows another milestone jump of the PARSIQ platform to bring better utility to the holders or users of its PRQ tokens.
Per the details of the go-live schedule shared, PRQ deposits will commence on Thursday, January 28 at 07:00 am UTC while the Spot trading of the PRQ/USDT token pair is billed to commence shortly thereafter. The withdrawals of PRQ tokens will be activated on Friday, January, 29. The PARSIQ ecosystem will leverage the large consumer network of the OKEx platform to bring wider adoption of the tokens.
About PASIQ (PRQ) Token
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. The PARSIQ application provides a useful and powerful tool that lets anyone build workflow applications that are reactive to events happening on-chain.
Anyone whose business relies on monitoring or tracking blockchain and crypto-related data can tap into the unique offerings of PARSIQ to reduce the time that blockchain developers will need to create a similar complex solution. The adoption of the PARSIQ application will not only reduce the time as noted, but it will also help cost and save other developmental resources. The PARSIQ infrastructure is built using its own ParsiQL programming language
The world of blockchain and cryptocurrencies is relatively new and the ever-growing ecosystem requires related firms to track data in order to comply with regulator’s rules, adjust business models, or offerings through real-time on-chain data updates, conduct audits, monitor Anti-money laundering (AML) compliance and many more utilities that are made possible through the PARSIQ platform’s offerings.
The PARSIQ ecosystem operates through the PRQ tokens and this token can be used to pay for services priced on the PARSIQ application. The tokens are hosted on the Ethereum Network as an ERC-20 token, and thus offers unique features peculiar to the other similarly hosted tokens.
Other Highpoints of PRQ Token
Besides incentivizing users who make payments with the tokens, the PRQ tokens have other unique advantages and use cases. Each addition to the use cases of the tokens is contained in successive Epoches of which the team announced plans for the token’s Epoch 2.0 back in October 2020.
In Epoch 2, users can back PARSIQ’s public projects while also earning via PRQ staking provisions. Users can also earn more tokens with more monitoring activities they use the platform to execute while also initiating a PRQ Liquidity provider incentive.
With PRQ tokens now listed on OKEx, the platform’s uniqueness may further be embraced by a larger user base while the team aims to adhere to its long-term token retention plans aimed at locking the advisor’s tokens in a secure wallet for 5 years. This is targeted at boosting the value of the PRQ over time.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.