Blockchain technology is celebrated for its inherent transparency, which promises to be a remedy for issues such as corruption and theft. However, for this transparency to truly serve its purpose, there's a need for continuous and detailed monitoring. This gap is one that projects like PARSIQ aspires to fill.
What is PARSIQ
PARSIQ serves as a bridge between on-chain and off-chain data, ensuring real-time transfers. Its suite of blockchain analytics tools cater to a range of industries, paving the way for additional application use cases, such as instant notifications. Furthermore, its "Smart Triggers'' feature allows reactions to specific events across numerous networks. The platform also aids users in crafting decentralized finance (DeFi) applications and setting up automated bots.
The PARSIQ team
PARSIQ was co-founded by Tom Tirman, Anatoly Ressin, and Andre Kalinowski. Tirman, serving as the CEO, boasts a rich background in fintech and banking. Ressin, the Chief Blockchain Architect, previously founded software development firm Blockvis and played a role in crafting blockchain solutions for industry giants like Deloitte and Civic. Kalinowski, a master's graduate in digital forensics and cybersecurity, launched a VC fund in 2016 that zeroes in on cybersecurity innovations.
How does PARSIQ work
With PARSIQ, users gain the ability to vigilantly monitor events across multiple blockchains. If an event takes place on a supported chain, PARSIQ can track it in real-time. Developers can harness the platform to extract data by creating custom APIs, using either webhooks or preset integrations with platforms like Telegram, Google Sheets, and Discord. Notably, the platform features "ParsiQL,” its proprietary programming language, allowing developers to create multiple work streams on the platform.
PARSIQ’s native token: PRQ
The PRQ token, PARSIQ's native cryptocurrency, was launched on September 30, 2019. It has a maximum supply of PRQ is 500 million, and a current total supply of 310.25 million PRQ.
PRQ distribution
PARSIQ distributed its tokens in the following way:
- 50 percent constitutes its circulating supply
- 37.5 percent for the reserve fund
- 12.5 percent divided between the development fund and the team and advisor pool
