Press release
PRICE RELEASEParex has been officially launched. This new exchange is decentralized and features a PRX token that’s unique to mining production. Parex was created in response to central finance’s often problematic and expensive state. It promises to be a safe, flexible, and easily accessible platform unlike any other.
Prior to Parex teams were required to create and manage their own indexing servers. This took significant engineering and physical resources. It also broke critical security properties that are required for decentralization. Parex offers solutions for these problems thanks to its decentralized network. What makes Parex different? Parex is known for its increased interoperability and community orientation. It also uses a green mining technique.
Parex is a production network that uses DRC-16 protocol. This protocol allows for the creation of bridges to many networks via Proof of Interoperability. In other words, every network can use the PRX token. Parex Market makes it possible to transfer between networks. Parex Market facilitates the transfer of PRX by allowing you to switch between networks for an affordable fee. All networks are balanced, which includes Polygon, BEP20 and Ethereum.
All PRX users can produce tokens and transfer directly, and they do so autonomously. This is unlike any other decentralized exchanges. The exchange functions as a WEB3 project and modernizes traditional tokenization, mining, and transfer systems. PRX can be used to mine, and it has the advantage of being both sustainable and inflation-proof. Parex Market, which is a less environmentally-friendly approach to updating the mining system, uses burning. Once the PRX token has been sent for production, it’s burned and taken out of circulation. As a community-oriented token, it continues to be in existence and can help overcome any problems. The burning algorithm guarantees a long-lasting, sustainable exchange. Current PRX Burn Percentage is 86.84%. Parex will also be leading many of the projects within the smart contract ecosystem.
Parex will activate the Ethereum (#ERC20 bridge) on April 13. This is a step towards parex becoming a more efficient and rapidly developing token that uses different networks.
Parex has also issued certik certificates and has announced recently that they will be applying for skynet.
Parex Market is also committed to contributing to the Blockchain ecosystem. Parex Market allocates $75 million to this end. The funds are available to those who want to build DeFi, Metaverse, and Web3 projects at their facility. There were more than 300 applicants. The fund’s beneficiaries will soon be revealed.
Parex has 31,693 active users, a market capital of $3,477.608.9641, and the PRX token is valued at $3,477.608.9641.
Social media
Twitter: https://twitter.com/parexmarket
Instagram: https://instagram.com/parexmarket
Telegram Group: https://t.me/ParexPRX
Telegram channel: https://t.me/parexmarket
YouTube: https://www.youtube.com/channel/UCoaCqqGjbEZU-n2ZkBKfoAg
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