What is PARSIQ? PARSIQ (PRQ) is a data platform that acts as a bridge between Blockchain applications and real-world applications. cryptocoin.com In this article, we will examine PARSIQ. In addition, we will answer questions such as what is PARSIQ, what it offers, what is PRQ coin, what is it for, how to get it, which users often search on the internet. Now let’s examine this data platform, which focuses on the Web3 concept, together.
What is PARSIQ?
PARSIQ is a Web3 data platform that helps add functionality to Blockchain data. With this platform, Blockchain activity can be connected to off-chain applications and devices. However, it is also possible to use data for monitoring and securing DeFi applications. The ecosystem powers the creation of custom event triggers and real-time automation. Basically, it works for purposes such as analyzing data and presenting it in a way that is useful to users. In addition, it also gives developers access to various APIs.
What does PARSIQ offer?
PARSIQ has been specifically designed to serve certain use cases. With the Web3 platform, users can create notifications. This enables users to provide real-time alerts when relevant events occur. In addition, users can extend the functionality of their products with the power of data. Accordingly, it is possible to build capabilities on top of Blockchain data without writing custom code. Finally, the ecosystem also provides a set of risk management tools for DeFi. Thus, users instantly detect risky transactions and blacklisted accounts.
The Blockchain platform, which runs on the Ethereum network, also introduced a number of decentralized applications in 2022. Accordingly, PARSIQ provides tools that enable Web3 developers to monitor metrics such as TVL, liquidity, current and historical token prices, user balances, and more. It also enables them to develop protocol-specific DeFi monitoring applications through “Data Centers”. Users also have the advantage of monitoring, analyzing and visualizing market data instantly with the tool called “Data Lakes”.
What is PRQ coin? What does it do?
PRQ coin is an ERC-20 token that works as the native cryptocurrency of data platform PARSIQ. PARSIQ works with the Proof-of-Stake consensus mechanism. Therefore, PRQ can be staked and held as a store of value. However, the ecosystem also allows PRQ holders to participate in the management of the project through the DAO platform. Developers have to pay with this cryptocurrency to access data tools and APIs. PRQ coin has started to make a name for itself, especially with the Coinbase listing.
What is PARSIQ? How to get PRQ coin?
Major exchanges where you can buy PARSIQ include Coinbase, KuCoin, MEXC, OKX, and CoinTiger. Interested investors must access one of these exchanges and become a member. After that, they should deposit an asset in their wallet according to their PRQ coin trading pair. After doing this, they can place a buy order for the cryptocurrency.
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