Parex Logo

Parex PRX

Parex header image

1. Summary

Ranks

Liquidity
66
Developer
-
Social
84
Momentum (beta)
5
Stack Rank™
-
Price
$0.15 -4.5%
Market Cap
$1.74M (#2621)
Supply
11.84M / 45.45M
Price
52W High price $1.02
52W High date 5th Mar 2024 (7 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) $11,300.00
Total Supply 45.45M
Circulating Supply 11.84M
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.
2. Price

PRX

2.1. Market Performance

How does Parex's (PRX) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-28.7%

PRX

-15.6%

Similar Market Cap

60 Day Return

-44.4%

PRX

-38.5%

Similar Market Cap

1 Year Return

-51.4%

PRX

-22.7%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

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
5. News

No recent news found.

7. More Information

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...
Twitter @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.

Are you the owner of Parex? Edit it here

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