The famend cryptocurrency platform Parsiq, devoted to monitoring on-chain knowledge, is launching a promotional program to incentivize token holders to lend $PRQ tokens to Parsiq platform contributors in order to earn further $PRQ in rewards.
The Parsiq blockchain platform group is delivering 1 million $PRQ tokens in rewards as an Incentive Program to IQ pool contributors.
1m $PRQ to be Distributed to Parsiq IQ Pool Contributors
The Parsiq blockchain platform is designed to observe automation workflow by connecting on and off chain purposes in real-time, and notifying end-users about their transactions.
In different phrases Parsiq connects blockchain exercise with off-chain gadgets and purposes by efficiently monitoring DeFi apps and triggering customized notifications to finish customers.
The IQ protocol is the latest addition to the Parsiq blockchain suite, and this incentive program primarily is available in to advertise the IQ protocol adoption to enlarge the Parsiq blockchain’s user-base.
Holding an Eye on Blockchain
Parsiq platform is the subsequent step within the evolution of blockchain expertise offering rising worth to the PRQ token.
All holders of the native PRQ token are invited to take part on this Program by staking their PRQ tokens by means of the IQ Protocol liquidity swimming pools.
This suggests extra utility and due to this fact worth increment to the PRQ token subsequently incentivizing token holders to carry their property for longer intervals.
The Incentive Program permits Parsiq blockchain customers to hire PRQ tokens from liquidity swimming pools wanted to entry Parsiq’s SaaS platform used to observe on-chain knowledge on the blockchain platform.
With this, platform customers are in a position to arrange real-time automation over on and off-chain exercise for an array of various functions.
Extra Rewards for Collaborating
By means of the 1 million $PRQ Incentive Program extra property in reward might be accessible to these collaborating within the IQ liquidity swimming pools.
Tom Tirman, CEO at Parsiq additional explains:
“The IQ Protocol has been a product which we’ve been engaged on for a while, and we’re excited to have the ability to announce it alongside this 1m $PRQ incentive programme. We imagine the lending/borrowing characteristic will present further worth for PRQ holders and our SaaS customers.
Along with the 1m incentive, contributors of the IQ lending pool may also be eligible for the IQ Governance Token airdrop anticipated for the primary half of 2022. Within the meantime we’ll proceed to increase our platform performance and proceed to onboard a quickly increasing roster of shoppers and companions.”
These wallets lending PRQ tokens to the IQ liquidity pool will obtain a proportional quantity of $PRQ tokens as a reward.
IQ protocol contributors with PRQ tokens will be capable of take part within the Incentive Program ranging from October 1st till December 31st, 2021.
When the participation timeframe is over, PRQ rewards might be allotted to lending holders in a 4 month time interval, beginning with 25% of those allocations on February 1st and subsequently each first day of the subsequent month till Might 1st, 2022.
Additionally, by December 31st, the Parsiq group will decide which liquidity suppliers are eligible for the airdrop of IQ Protocol Governance tokens.
The Governance tokens will airdrop in the course of the first half of 2022 although extra particulars on these Governance tokens might be knowledgeable by the Parsiq group by means of their official channels.
This incentive program and the announcement of the Governance tokens coming quickly is a continuation of the expansion noticed of the Parsiq blockchain after the group raised $three million of their newest funding spherical.
Among the many main run of buyers we will discover The Solana Basis and Axia8 Ventures. But different buyers on this run consists of Mindworks VC, Krypital Group, CoinUnited, Switch Swiss, Elevate Ventures, Sanctum Ventures, and so on.
For extra info on the Incentive Program or to study extra about PARSIQ blockchain, you possibly can go to: https://www.PARSIQ.net/en