What is the issuance amount of PARSIQ (PRQ) coins?

PARSIQ's token (PRQ) plays a vital role in the ecosystem, facilitating payments, staking for rewards, and governance participation, with the total supply capped at 2 billion coins.

Dec 28, 2024 at 11:28 am

Key Points

• PARSIQ's total maximum supply is 2,000,000,000 PRQ.
• The initial circulating supply at launch was 250,000,000 PRQ.

• The distribution of PRQ is as follows:

  • 40% Public Sale
  • 20% Team
  • 20% Advisors
  • 20% Ecosystem

Issuance Amount of PARSIQ (PRQ) Coins

PARSIQ is a blockchain monitoring and analytics platform that provides real-time insights into blockchain data. The native token of the PARSIQ ecosystem is PRQ, which plays a crucial role in various aspects of the platform, including:

• Payment for services: Users can use PRQ to pay for data querying, alerts, and other services offered by the PARSIQ platform.
• Staking: PRQ holders can stake their tokens to earn rewards and support the security of the PARSIQ network.
• Governance: PRQ holders have voting rights on proposals that affect the development and direction of the PARSIQ platform.

The total maximum supply of PARSIQ (PRQ) coins is 2,000,000,000 PRQ. The initial circulating supply at launch was 250,000,000 PRQ. The remaining tokens are released gradually over time through a vesting schedule to ensure a balanced distribution and prevent excessive inflation.

Distribution of PARSIQ (PRQ) Coins

The distribution of PRQ tokens is as follows:

• 40% Public Sale: This portion of tokens was sold to the public through various fundraising rounds, including seed sales, private placements, and a public token sale.
• 20% Team: This portion of tokens is allocated to the team behind the development and operation of the PARSIQ platform. It serves as compensation for their efforts and ensures their long-term commitment to the project.
• 20% Advisors: This portion of tokens is distributed to advisors who provide strategic guidance, expertise, and support to the PARSIQ team.
• 20% Ecosystem: This portion of tokens is reserved for the development and growth of the PARSIQ ecosystem, including partnerships, integrations, and community initiatives.

FAQs

• What is the current circulating supply of PRQ?

  • The current circulating supply of PRQ is approximately 1,000,000,000 PRQ.

• What is the vesting schedule for PRQ tokens?

  • The vesting schedule for PRQ tokens is designed to release the remaining tokens gradually over a period of 36 months. This ensures a controlled release to prevent excessive inflation and promote long-term stability.

• How can I buy PRQ tokens?

  • PRQ tokens can be purchased on various cryptocurrency exchanges, including Binance, Coinbase, and Uniswap.