PARSIQ (PRQ) coin issuance time

PARSIQ's platform expansion, global reach, and token issuance were driven by successful funding milestones, including pre-seed, seed, and Series A rounds, culminating in a thriving blockchain monitoring and analytics ecosystem.

Dec 28, 2024 at 01:39 pm

PARSIQ (PRQ) Coin Issuance Time: A Comprehensive Overview

Key Points:

• Pre-Seed Funding: Dawn of PARSIQ's Blockchain Career
• Seed Funding: Inception of the PARSIQ Platform
• Series A Funding: Bolstering PARSIQ's Global Expansion
• Coin Issuance Timeline: Unveiling the PRQ Tokenomics
• Token Economics: Dissecting the PRQ Token's Role and Value
• Presale Details: Securing Early Access to PRQ Tokens
• Public Sale: Expanding the PARSIQ Community and Token Distribution

1. Pre-Seed Funding: Dawn of PARSIQ's Blockchain Career

In 2018, PARSIQ embarked on its blockchain journey with a successful pre-seed funding round, raising over $600,000 from notable investors. This early support served as the catalyst for the development of PARSIQ's cutting-edge blockchain monitoring and analytics platform.

2. Seed Funding: Inception of the PARSIQ Platform

In 2019, PARSIQ's seed funding round garnered approximately $1.5 million, led by prominent venture capital firms. This funding milestone enabled the team to refine their platform, expand their product offerings, and establish partnerships with industry leaders.

3. Series A Funding: Bolstering PARSIQ's Global Expansion

2021 marked a pivotal moment for PARSIQ with its Series A funding round, securing over $3 million from strategic investors. The funds propelled PARSIQ's global expansion, empowering the company to establish new offices and forge alliances with major players in the blockchain ecosystem.

4. Coin Issuance Timeline: Unveiling the PRQ Tokenomics

In conjunction with the Series A funding, PARSIQ announced its plans for a coin issuance, introducing the PRQ token as the native cryptocurrency for its platform. The token issuance timeline was meticulously planned to ensure a smooth and successful rollout.

5. Token Economics: Dissecting the PRQ Token's Role and Value

PRQ tokens play a vital role within the PARSIQ ecosystem, serving multiple functions:

• Protocol Fees: PRQ is used to pay for various services offered by the PARSIQ platform, including data aggregation, real-time monitoring, and event filtering.
• Network Participation: PRQ holders can participate in the governance of the PARSIQ protocol by voting on protocol enhancements and updates.
• Staking Rewards: Staking PRQ tokens provides holders with rewards, incentivizing participation and contributing to network security.

6. Presale Details: Securing Early Access to PRQ Tokens

Prior to the public sale, PARSIQ conducted a private presale to offer early access to a limited number of investors. The presale was highly sought after, with participants securing PRQ tokens at a discounted price.

7. Public Sale: Expanding the PARSIQ Community and Token Distribution

The PARSIQ public sale was a resounding success, raising over $10 million. The sale attracted a diverse group of investors, ranging from individual crypto enthusiasts to institutional buyers, significantly expanding the PARSIQ community and boosting the token's liquidity.

Frequently Asked Questions (FAQs):

Q: When was the PARSIQ token (PRQ) first issued?

A: The PRQ token was officially issued in 2021, following the successful completion of PARSIQ's Series A funding round.

Q: What is the purpose of the PRQ token within the PARSIQ ecosystem?

A: The PRQ token serves as the native cryptocurrency for the PARSIQ platform, enabling users to pay for platform services, participate in network governance, and earn staking rewards.

Q: Was the PRQ token offered in a presale?

A: Yes, PARSIQ conducted a private presale prior to the public sale, offering early access to a limited number of investors.

Q: How was the PRQ public sale conducted?

A: The PARSIQ public sale was conducted through a multi-round process, including public and private rounds. The public sale was open to a wide range of investors and raised over $10 million.