Press release. PasikA blockchain monitoring and workflow automation platform that connects on-chain and off-chain applications in real time, announced PRQ tokens are now listed on OKEx USDT basic currency pair.
Please note the following online schedule:
- PRQ deposit: 07:00 on January 28, 2021 (UTC)
- PRQ spot trading: PRQ / USDT: January 28, 2021 at 10:00 am (UTC)
- PRQ withdrawal: January 29, 2021 (UTC) 10:00
PARSIQ is a blockchain monitoring and workflow automation platform that can act as a multi-layer bridge between blockchain and off-chain applications. The function of PARSIQ can automatically execute blockchain analysis and monitoring processes, and provide a customizable workflow with real-time intelligence.
Developers and individual users can convert blockchain data into their favorite off-chain applications or web services.
Among the obvious use cases include monitoring the wallets of traders and ordinary users. Less obvious is the complex system integration for financial institutions and DeFi projects that use PARSIQ infrastructure to improve security, perform audits, comply with regulatory requirements, anti-money laundering, and extend their workflow in other ways.
The infrastructure under the PARSIQ user interface is built using its proprietary programming language ParsiQL, and each supported integration is increasing its user benefits.
The PARSIQ token (PRQ) is an important part of the PARSIQ platform and can coexist with FIAT payments to use its services. Payments made within the platform using PRQ tokens guarantee a discount rate. In the first period, when the PRQ token is used as payment for running Smart-Triggers, users will get higher execution limits, unlock the transmission method and be able to propose features that can be added to the platform.
In October 2020, the PARSIQ team released a plan for Epoch 2.0.
#1 Public Project
Using public projects, users can subscribe to existing PARSIQ projects pre-made by other users. By paying PRQ, users who subscribe to Public Project will incentivize creators to create interesting, complex and more important problem-solving projects.
#2. User data and PRQ
After implementation, each monitoring target (primitive address type, structure of address type field, table row) needs 1 PRQ to save. This means that if there are 1000 addresses (960 rows in the table, 30 primitives, and 10 in the structure), the user will need 1000 PRQs on the connected Ethereum account balance.
#3. IQ protocol
The IQ agreement will allow risk-free PRQ loans and unsecured loans. A risk-free PRQ loan means that PRQ will not be transferred from the lender’s address to the borrower’s address. For more information about this algorithm, see the dedicated interpreter on the PARSIQ blog.
PRQ Boost is a liquidity enhancement program designed to incentivize PRQ/ETH liquidity providers on Uniswap. The program is used with PRQBOOST utility tokens to increase rewards for liquidity providers.
PARSIQ is actively working with major layer 1 blockchain protocols to expand the scope of blockchain integration and enable projects based on these protocols to monitor and automate the workflow between blockchain and off-chain.
Visit the PARSIQ website to discover some possible use cases and find more details about the project and token: https://parsiq.net
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