What is the distribution model of PARSIQ (PRQ) coins?

The initial distribution of PARSIQ's (PRQ) tokens included allocations to pre-seed, seed, and private investors, as well as a public token sale and designated portions for staking rewards, community initiatives, and team members.

Dec 29, 2024 at 09:22 am

Key Points:

• Initial Token Distribution: Pre-seed, Seed, and Private rounds allocated a portion of PRQ to investors.
• Token Sale: A public token sale through a launchpad, BitMax, allowed individuals to purchase PRQ.
• Staking Rewards: Staking PRQ earns rewards, increasing the circulating supply over time.
• Community Fund: A portion of PRQ is reserved for community initiatives, development, and ecosystem growth.
• Advisor and Team Tokens: Reserved for advisors and the team behind PARSIQ, subject to vesting schedules.

Initial Token Distribution:

• Pre-seed Round: 8% of PRQ tokens were allocated to early investors who provided seed funding for PARSIQ.
• Seed Round: 17% of PRQ tokens were distributed to investors during the project's initial funding stage.
• Private Round: 25% of PRQ tokens were sold to select private investors who contributed significant capital to PARSIQ.

Token Sale:

• BitMax Launchpad: On February 12, 2020, PARSIQ conducted a public token sale through BitMax Launchpad, raising approximately $2 million.
• Distribution: 20% of PRQ tokens were allocated for the public sale, with participants purchasing tokens at a price of $0.04 each.

Staking Rewards:

• Staking Mechanism: PRQ holders can stake their tokens to earn rewards and support the network's operation.
• Reward Distribution: Staking rewards are distributed in PRQ, effectively increasing the circulating supply.
• Reward Allocation: The allocation of staking rewards aims to incentivize long-term holding and participation within the ecosystem.

Community Fund:

• Allocation: 10% of PRQ tokens are reserved for the community fund, dedicated to supporting projects, initiatives, and ecosystem growth.
• Governance: Community members participate in decision-making and voting processes related to the utilization of community funds.
• Transparency: Usage of community fund resources is publicly disclosed and reported to foster trust and community engagement.

Advisor and Team Tokens:

• Advisor Allocation: 5% of PRQ tokens were granted to advisors who provided strategic guidance and expertise to the PARSIQ team.
• Team Allocation: 10% of PRQ tokens were allocated to the PARSIQ team, subject to vesting schedules to align incentives with long-term project success.
• Vesting Schedules: Vesting periods are implemented to ensure a gradual release of tokens to advisors and team members, promoting project stability.

FAQs:

1. How many PRQ tokens are currently in circulation?

The circulating supply of PRQ fluctuates due to ongoing staking rewards. However, the total supply of PRQ remains fixed at 2,500,000,000 tokens.

2. What is the distribution schedule for team and advisor tokens?

Vesting schedules for team and advisor tokens typically span multiple years, with a portion of tokens released at predetermined intervals. Specific vesting schedules may vary depending on the individual agreements.

3. How is the community fund utilized?

The community fund supports projects and initiatives aligned with PARSIQ's mission, including ecosystem development, developer tools, and community engagement events.

4. Can I stake PRQ outside of official protocols?

While staking PRQ through official platforms and protocols is recommended, third-party staking options may become available in the future. However, it's important to carefully evaluate the security and reputation of any such platforms.

5. What factors influence the distribution of staking rewards?

The allocation of staking rewards is influenced by factors such as the duration of staking, the amount of PRQ staked, and the transaction fees generated within the ecosystem.