Parex is launching the community-driven, decentralized, fast and secure blockchain network Parex chain in December
The decentralized Parex ecosystem, which sees autonomous structures as the central value proposition of blockchain, has announced that it will launch its own blockchain, the Parex Chain, at the end of December.
New York, New York–(Newsfile Corp. – Dec 07, 2022) – The decentralized Parex ecosystem will launch its own blockchain Parex Chain at the end of December, thus all mining activities for the Parex cryptocurrency Parex Coin will be conducted on the Parex Chain . Using decentralized blockchain technology offers an alternative that has the potential to overcome the crises that centralized exchanges have faced in the past.
Caption: The decentralized Parex ecosystem has announced that it will launch its own blockchain, the Parex Chain, at the end of December.
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Set up as a fully decentralized structure from inception to implementation, it is characterized by the power and focus of the community, working through bridges set up on four different blockchain networks. Parex coin miners determine the total supply of Parex and its distribution between the different chains. The project, which has not proceeded with pre-sales or collections to date, is designed so that all Parex coins are owned by the community and the miners. This means that Parex is managed according to the Decentralized Autonomous Organization (DAO) model.
“When we release the Parex Chain in December, we intend to build a decentralized structure and fully utilize the decentralization promise of the blockchain for the first time,” said Liam Anthony, CEO of the Parex Project. “Our community has been in favor of limiting access to Parex coins from the very beginning. For this reason, we have limited access to 77 million. The Parex Chain is the first step in making all projects developed in the Parex ecosystem available globally.”
Furthermore, after the launch of Parex Chain, Parex Inc. will provide incubation support for projects to be developed within the network. Parex’s revenue from the ecosystem, which is managed on a DAO model, will be shared with the Parex community. After the release of Parex Chain, Parex Coin will be listed on key exchanges and platforms such as Coinmarketcap and Coingecko which are in the top 10, and an NFT marketplace and exchange platform will form part of the Parex market in the future.
Caption: The decentralized Parex ecosystem will launch its own blockchain Parex Chain
To view an enhanced version of this graphic, please visit:
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Pointing out that Parex increased the number of miners by a factor of 17 to reach 5,000 in just one year, Anthony said, “Parex is growing its community and project scale thanks to the completely stable and transparent ecosystem in which it operates.” Anthony added that the promise of decentralization can be fully fulfilled with the launch of Parex Chain, “Although the policy of burning to production gives the project a deflationary function, mining activities on Parex Chain enable almost zero energy consumption. In our Parex project, we are working to create a eco-friendly, community-oriented, fast and secure blockchain ecosystem.”
Consult:
Liam ANTHONY
[email protected]
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