ParaState (STATE)

What Is ParaState?

ParaState is a multi-chain smart contract platform bridging the application and developer ecosystem between Polkadot, Substrate and Ethereum, as well as other networks wanting to provide high-performance Ethereum compatibility.

ParaState Unique Features

ParaState aims to bridge the application and developer ecosystem between Polkadot and Ethereum for Substrated-based blockchains, such as Polkadot parachains and other chains that want to provide Ethereum compatibilities, by extending the frontier of Ethereum with the Substrate framework. By supporting 20+ programming languages to create Ethereum-compatible smart contracts, ParaState unites a larger developer community to boost cross-chain interoperability.

While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with a next-gen smart contract implementation environment, eWASM (Ethereum-flavored WebAssembly) through its eWASM VM (Pallet SSVM) to make any smart contract Ethereum compatible, a key objective of the Ethereum Foundation roadmap fulfilled in advance by the ParaState internal development team. These two infrastructures are ensured to talk to each other and share the same account system on ParaState. This is the differentiation ParaState provides to the developer community, to enable them to surf in the highly optimized industrial standard infrastructure while exploring brand new possibilities at the Ethereum frontier.

ParaState has officially launched the public testnet, Plato, currently running as a standalone Substrate blockchain. The platform is prioritizing and emphasizing fast execution and delivery of novel research on production while committing to radical transparency and open-source values on its development journey.

Compared to Ethereum, Polkadot is faster, safer, and more developer-friendly. Since a majority of top-tier DeFi projects are built on Ethereum, these projects require compatibility with other blockchains to benefit from improvements such as scalability and interoperability crucial to their continued growth and competitiveness  in the space.

Roadmap

2019

Grant from Ethereum Foundation for SOLL compiler

ParaState Token Economy

2020

Grant from W3F for EWASM pallet integration

Built ParaTime for Oasis network for Ethereum compatibility

2021 Q1

Seed fundraising round closed

2021 Q2

Strategic fundraising round closed

Public testnet Plato launches

2021 Q3

Private fundrasing round closed

Grant from ICON Foundation for Substrate sidechain featured EVM&EWASM Public testnet, Plato launches

2021 Q4

SewUp Rust SDK to be launched

The 1st Rust SDK for Ethereum compatible networks

ParaState Token Economy

$STATE is the utility token of the ParaState ecosystem. $STATE token serves multiple utility purposes in the ecosystem.

Gas fees to execute smart contracts and transactions on ParaState

Rewards to node operators/collectors and application developers

Governance for ecosystem treasure.

Detailed Token Metrics

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Token Distribution

Token Release Schedule

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Partners & Advisors

Team Members

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Investors

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