Parex PRX
1. Summary
- Price
-
$0.32 +16.0%
- Market Cap
- $4.40M (#2234)
- Supply
- 11.84M / 45.45M
- Description
-
Overview
Overview
Parex is a decentralized exchange and a token ecosystem using the DRC-16 protocol for production. It is known for being completely community-driven, and all income from the chain is distributed back to the community. The project’s Proof of Interoperability mechanism allows it to build bridges with various networks, such as Polygon, BEP20, Ethereum, Polkadot, and Avalanche, ensuring the PRX token is interoperable across these platforms.
Interoperability and Circulation
Parex Proof of Interoperability ensures the token can be sent and received efficiently between different networks through the Parex Market. The mechanism creates a balance among networks and enables circulation. This allows users to switch between networks at low fees and speedily.
Token Production and Burning
The PRX token's production is tied to a mining mechanism, where the token is burned to be produced. This approach provides a protective method against inflation. Once produced, the token is burned and taken out of circulation, ensuring a continuous balance.
Ecosystem Features
Parex offers a range of features, including wallets, exchanges, apps, chains, coins, and more. The Parex Chain, built on the Parex Chain EVM, is designed for speed, structure, and community orientation. The project aims to support hundreds of projects on its chain, thus advancing towards a highly decentralized and community-controlled environment.
Key Components
- Parex Market: Enables secure trading without the need for identity information and provides a seamless experience for users to switch between networks efficiently.
- Parex Chain: Built on Parex Chain EVM, this fast and structured chain ensures all income collected is distributed back to the community.
- Mining Mechanism: Users can produce the PRX token by burning it, providing a method to overcome inflation.
| Price | |
| 52W High price | $1.02 |
| 52W High date | 5th Mar 2024 (8 months ago) |
| All Time High (ATH) Date | 27th Mar 2022 (2 years ago) |
| ATH Price | $4.96 |
| % From ATH | -96.51% |
| All Time Low (ATL) Date | 11th Feb 2023 (1 year ago) |
| ATL Price | $0.11 |
| % From ATL | 64.59% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $191,963.00 |
| Total Supply | 45.45M |
| Circulating Supply | 11.84M |
PRX
How does Parex's (PRX) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-28.7%
PRX
-18.6%
Similar Market Cap
60 Day Return
-44.4%
PRX
-30.7%
Similar Market Cap
1 Year Return
-51.4%
PRX
37.9%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 295 |
| Twitter followers | 121 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://parex.market/ |
|---|---|
| Explorer | https://bscscan.com/token/0x90e3414e00e231b962666b... |
| @parexmarket |
What is the correct contract address for Parex?
| Binance-smart-chain | 0x90e3414e00e231b962666bd94adb811d5bcd0c2a |
|---|
Has Parex been audited for security?
No security audits found for this project.
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