Cryptos: 32,558 Exchanges: 354 Market Cap: $3,543.31B 24h Vol: $112.61B Dominance: BTC 53.5% ETH 11.8% ETH Gas:  18 Gwei
Seclect Currency

Fiat currencies

    Crypto Currencies

      No results for ""

      We couldn't find anything matching your search.Try again with a different term.

      Parallel FinancePARA

      Coin

      Parallel Finance Price (PARA)

      --
      Market Cap
      --
      Fully Diluted Market Cap
      --
      Volume 24h
      --
      Circulating Supply
      --
      Max Supply

      10,000,000,000 PARA

      Total Supply

      10,000,000,000 PARA

      Links:
      Website, Whitepaper
      Tags:
      Web3
      Parallel Finance's Logo Parallel Finance PARA
      --

      Parallel Finance Token Sale

      Strategic Ended: In the Past
      Sale Price:
      $0.05
      Raise:
      $5M
      Launchpad:
      --
      Tokens For Sale:
      100000000
      Seed Ended: In the Past
      Sale Price:
      $0.004
      Raise:
      $2M
      Launchpad:
      --
      Tokens For Sale:
      500000000
      Strategic Ended: In the Past
      Sale Price:
      $0.025
      Raise:
      $5M
      Launchpad:
      --
      Tokens For Sale:
      200000000
      KOL Ended: In the Past
      Sale Price:
      $0.015
      Raise:
      $22.5M
      Launchpad:
      --
      Tokens For Sale:
      1500000000

      Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow. The project refers to this feature as "leverage staking," because users can lever up against their staking collateral to increase their yield overall. In addition, when a user's DOT and KSM are staked through Parallel, a reputation-determining algorithm is applied which maximizes staking yield on behalf of the user. In the future, projects and individual users will also be able to source their auction loans through Parallel's interface--a feature we call "auction loans." This feature will give users the ability to stay liquid while their DOT/KSM is locked in parachains, an it will give projects direct access to the liquidity they need to win parachain auctions.

      PARA Token is the native token of Parallel Finance on Polkadot Deployment, distributed among key actors and partnerships in the ecosystem. This paper also details the economic designs of the token, and plans for parachain auctions. The utility token for Heiko (HKO), which is Parallel's sister program, will have the same utilities mirrored on Kusama.

      Parallel Finance, a lending and staking platform based on the Polkadot blockchain, raised $5 million at a $500 million valuation, twice the valuation of its token round last November. Investors in the strategic funding round included crypto exchange Coinbase Ventures, blockchain technology company StarkWare and Section 32, a venture capital firm founded by Bill Maris, a former head of Google Ventures. Parallel Finance plans to raise a Series B round during the second quarter in two tranches of $20 million to $30 million each at an undetermined valuation, CEO Yubo Ruan told CoinDesk in an interview.

      Trending Token Sales

      DeFi
      Launchpad: -- Nov 28, 2024
      GameFi
      Launchpad: -- Nov 28, 2024
      Launchpad: -- Nov 30, 2024
      PvP PVP Blockchain Infrastructure
      Blockchain Infrastructure
      Launchpad: -- Dec 02, 2024
      SUI Agents SUIAI Blockchain Service
      Blockchain Service
      Launchpad: -- Dec 05, 2024
      Launchpad: -- Dec 06, 2024
      coincarp partner

      Trending Coins and Tokens

      rainbet
      Rainbet Casino
      Up To 70% rewards + 15% rakeboost on sign up
      Sign up Now Sponsored
      ether.fi's Logo
      ETHFI
      $2.24
      10.52%
      SSV Network's Logo
      $26.3
      7.69%
      Dexe.network's Logo
      $15.05
      16.27%
      Algorand's Logo
      ALGO
      $0.3491
      11.04%
      Pepe's Logo
      PEPE
      $0.00002084
      17.87%