Who issued the PARSIQ (PRQ) coin?

PARSIQ (PRQ), the native crypto token created by blockchain tech firm PARSIQ Ltd., bridges the gap between blockchains and offline data, enabling real-time analysis and automating actions.

Dec 31, 2024 at 09:24 am

Key Points:

• PARSIQ (PRQ) coin was issued by PARSIQ Ltd., a Swiss-based blockchain technology company.
• The coin serves as the native utility token within the PARSIQ ecosystem.
• PARSIQ focuses on building infrastructure that connects blockchains with external data sources and business applications, enabling real-time data analysis and triggering of automated actions.

Who Issued the PARSIQ (PRQ) Coin?

The PARSIQ (PRQ) coin was issued by PARSIQ Ltd., a Swiss-based blockchain technology company. PARSIQ Ltd. was founded in 2018 by CEO Tom Tirman and CTO Anton Tolmachev, who have extensive experience in software development and distributed systems.

The PARSIQ Ecosystem and PRQ Utility

The PARSIQ ecosystem revolves around providing infrastructure that connects blockchains with external data sources and business applications. This enables real-time analysis of blockchain data and the triggering of automated actions based on predefined conditions.

The PRQ token serves as the native utility token within the PARSIQ ecosystem. It is primarily used for:

• Data indexing: PRQ is used to purchase data indexing services, which allow developers to access structured and indexed blockchain data for analysis and insights.
• Protocol fees: PRQ is required to pay for transaction fees when using the PARSIQ protocol for data retrieval and smart contract execution.
• Governance: PRQ holders can participate in the governance of the PARSIQ protocol and vote on proposals that affect the ecosystem's development.

Value Proposition of PARSIQ and PRQ

PARSIQ's value proposition lies in its ability to bridge the gap between blockchains and traditional business systems. By providing real-time data analysis and automating actions based on blockchain events, PARSIQ empowers businesses to:

• Improve efficiency: Automating manual tasks and processes, such as order fulfillment and invoice processing, based on blockchain data can significantly enhance efficiency.
• Optimize decision-making: Real-time data analysis provides businesses with timely insights into blockchain activity, enabling them to make informed decisions and adjust strategies accordingly.
• Gain a competitive edge: Integrating PARSIQ's infrastructure can differentiate businesses by allowing them to respond quickly to market changes and capitalize on new opportunities.

Distribution of PARSIQ (PRQ) Coin

The initial distribution of the PRQ coin occurred in December 2019 through a public token sale. A total of 1 billion PRQ tokens were created, with 700 million (70%) sold to the public during the token sale. The remaining 300 million (30%) were allocated as follows:

• 100 million tokens to the PARSIQ team and advisors
• 100 million tokens to the PARSIQ Foundation
• 100 million tokens reserved for future development and partnerships

FAQs Related to PARSIQ (PRQ) Coin

Q: Is the PARSIQ coin a cryptocurrency?
A: Yes, the PARSIQ coin (PRQ) is a cryptocurrency that serves as the native utility token within the PARSIQ blockchain data analysis and automation platform.

Q: Where can I buy PARSIQ (PRQ) coins?
A: PARSIQ (PRQ) coins can be purchased on various cryptocurrency exchanges, including Binance, Gate.io, KuCoin, and Uniswap.

Q: What is the team behind the PARSIQ coin?
A: The PARSIQ coin is developed and maintained by PARSIQ Ltd., a Swiss-based blockchain technology company founded by CEO Tom Tirman and CTO Anton Tolmachev.

Q: What is the use case for the PARSIQ coin?
A: The primary use case for the PARSIQ coin is to purchase data indexing services and pay for protocol fees within the PARSIQ ecosystem. Additionally, PRQ holders can participate in the governance of the PARSIQ protocol.

Q: How can I use the PARSIQ coin?
A: The PARSIQ coin can be used by developers to access the PARSIQ protocol's data indexing services and build applications that integrate blockchain data analysis and automated actions.