Parallel Finance (PARA)

Parallel Finance (PARA)

Protocol

Parallel Finance is an institutional-grade DeFi parachain building in the Polkadot ecosystem. We empower the community to earn interest on their assets, with the utmost safety and security in mind.

Start:

Dec 18, 2021 00:00:00

End:

Oct 23, 2023 00:00:00

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ICO Details

ICO Details
View Details such as General, Token Supply & More
Parallel Finance (PARA) Token Sale Details
Blockchain Network:

Polkadot

Category:

Protocol

Fundraising Goal:

1,500,000,000 PARA

Launchpad:

White Whale (WHALE)

Token Sale Page:

Click here

Whitelist & KYC:

Click here

Rating:

Token Metrics & Distribution
Total Supply:

10,000,000,000

Team:

2,000,000,000

Ecosystem:

1,500,000,000

Liquidity:

2,500,000,000

Others:

1,500,000,000

Team 20.00%
Ecosystem 15.00%
Liquidity 25.00%
Others 15.00%
Token Sale Price
Social Media
About Parallel Finance (PARA)

What Is Parallel Finance ?

Parallel Finance is an institutional-grade DeFi parachain building in the Polkadot ecosystem. We empower the community to earn interest on their assets, with the utmost safety and security in mind. We chose to build in the Polkadot ecosystem because Polkadot (and Kusama by extension) allows for faster and cheaper transactions, shared security, interoperability, and strong upgradability. Our primary goal is to create an innovative lending, borrowing, staking system that uses the power of Polkadot to generate the greatest capital efficiency for everyone involved.

Parallel Finance  Unique Features

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Roadmap

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Parallel Finance Token Economy

  • Protocol Governance

At launch, PARA/HKO holders will each have the ability to vote on all aspects related to the management and administration of Parallel Protocol, through governance, including governance action, referenda, network upgrades, council elections, and parameter adjustments, integrations, changes to incentives, and all other managerial functions.

  • Transaction Fees

At launch, PARA/HKO will also function as a means of satisfying network fees natively. It will be required to execute all transactions, including staking, lending, borrowing, crowd loans, trading, and other peer-to-peer and peer-to-pool arrangements.

  • Network Utility and Incentive

PARA/HKO is also utilized to incentivize collators and validators, which is the mechanism that powers the decentralized node infrastructure of the network. New PARA/HKO tokens are minted on a continuous basis to reward collators.

PARA/HKO will be used as a token to incentivize users to use our products, part of the liquidity mining program.

  • Security Module Staking

PARA/HKO can be staked to a security module to hedge risks in case of staking slashes, and in return, contributors to this insurance pool will be compensated with PARA/HKO tokens. The insurance parameters are determined by PARA/HKO token governance in the event of a slash.

  • Kusama Validator Insurance and Incentivization

Kusama non-active validators will need PARA/HKO to increase their chances of being selected as an active validator based on our algorithm. The PARA/HKO will be used as the reserve in the insurance pool to cover for slashing risks.

Detailed Token Metrics

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Token Distribution

PARA Token Distribution
PARA Token Distribution

Token Release Schedule

The total supply for Parallel (PARA) token is 10 billion. The initial PARA circulating supply will come from crowdloan rewards vesting and the liquidity mining program.

PARA Release Schedule
PARA Release Schedule

Partners & Advisors

Partners & Advisors
Partners & Advisors

Team Members

Team Engineering
Team Engineering

Product and Operation
Product and Operation
Marketing and Growth
Marketing and Growth

Investors

Investors
Investors
Alameda Research, Hypersphere, Sequoia Capital, Shima Capital, Polychain Capital, gumi Cryptos, Pantera Capital, 8 Decimal Capital, Blockchain Capital, Breyer Capital, CMT Digital Ventures, Lightspeed Venture Partners, Continue Capital, Blockchange Ventures, Founders Fund, Blockchain.com Ventures