The neatly-known cryptocurrency platform Parsiq, dedicated to monitoring on-chain data, is launching a promotional program to incentivize token holders to lend $PRQ tokens to Parsiq platform individuals with a view to form extra $PRQ in rewards.
The Parsiq blockchain platform team is handing over 1 million $PRQ tokens in rewards as an Incentive Program to IQ pool individuals.
1m $PRQ to be Distributed to Parsiq IQ Pool People
The Parsiq blockchain platform is designed to video display automation workflow by connecting on and off chain applications in proper-time, and notifying stay-users about their transactions.
In other phrases Parsiq connects blockchain task with off-chain gadgets and applications by efficiently monitoring DeFi apps and triggering personalized notifications to stay users.
The IQ protocol is the most fresh addition to the Parsiq blockchain suite, and this incentive program genuinely comes in to promote the IQ protocol adoption to develop the Parsiq blockchain’s person-misguided.
Keeping an Glimpse on Blockchain
Parsiq platform is your next step within the evolution of blockchain technology providing increasing price to the PRQ token.
All holders of the native PRQ token are invited to make a choice part in this Program by staking their PRQ tokens via the IQ Protocol liquidity pools.
This suggests more utility and which capability that of this truth price increment to the PRQ token which capability that of this truth incentivizing token holders to retain their sources for longer periods.
The Incentive Program enables Parsiq blockchain users to rent PRQ tokens from liquidity pools wished to access Parsiq’s SaaS platform outdated to video display on-chain data on the blockchain platform.
With this, platform users are ready to construct proper-time automation over on and off-chain task for an array of assorted positive aspects.
More Rewards for Taking part
Throughout the 1 million $PRQ Incentive Program more sources in reward shall be accessible to those participating within the IQ liquidity pools.
Tom Tirman, CEO at Parsiq extra explains:
“The IQ Protocol has been a product which we’ve been engaged on for some time, and we’re furious in tell to protest it alongside this 1m $PRQ incentive programme. We imagine the lending/borrowing characteristic will provide extra price for PRQ holders and our SaaS users.
As neatly as to the 1m incentive, individuals of the IQ lending pool can even be eligible for the IQ Governance Token airdrop expected for the first half of of 2022. For the time being we can proceed to develop our platform efficiency and proceed to onboard a presently increasing roster of purchasers and companions.”
These wallets lending PRQ tokens to the IQ liquidity pool will receive a proportional quantity of $PRQ tokens as a reward.
IQ protocol individuals with PRQ tokens shall be ready to make a choice part within the Incentive Program starting from October 1st till December 31st, 2021.
When the participation time physique is over, PRQ rewards shall be allocated to lending holders in a four month time interval, starting with 25% of those allocations on February 1st and which capability that of this truth every first day of the next month till May also 1st, 2022.
Also, by December 31st, the Parsiq team will resolve which liquidity companies are eligible for the airdrop of IQ Protocol Governance tokens.
The Governance tokens will airdrop at some stage within the first half of of 2022 despite the incontrovertible truth that more particulars on these Governance tokens will be taught by the Parsiq team via their unswerving channels.
This incentive program and the announcement of the Governance tokens coming soon is a continuation of the enhance noticed of the Parsiq blockchain after the team raised $3 million of their most stylish funding spherical.
Amongst the main trot of patrons we can gain The Solana Foundation and Axia8 Ventures. But other patrons in this trot entails Mindworks VC, Krypital Community, CoinUnited, Switch Swiss, Elevate Ventures, Sanctum Ventures, and so forth.
For more data on the Incentive Program or to be taught more about PARSIQ blockchain, that it is possible you’ll focus on over with: https://www.PARSIQ.safe/en