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$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform

PRESS RELEASE. PARSIQ is a working platform that makes blockchain occasions consumable and blockchain information actionable. It permits customers—each people, corporations, enterprises—to watch any occasions throughout completely different blockchains in real-time and at scale and join these occasions to any off-chain apps or gadgets to automate completely different workflows.

A blockchain-to-everything monitoring service PARSIQ was introduced to get Binance funding along with the opposite 4 initiatives. Regardless that PARSIQ shouldn’t be a DeFi undertaking itself, it brings one other layer of safety and transparency addressing the primary issues in DeFi.

PARSIQ connects blockchain exercise to off-chain apps and gadgets

PARSIQ know-how is a proprietary ParsiQL programming language that permits customers to watch and interpret an countless stream of knowledge on the blockchain.

Among the many apparent use instances is monitoring the wallets of merchants and strange customers. Among the many non-obvious are complicated system integrations for monetary establishments and DeFi initiatives that use the PARSIQ infrastructure to enhance safety, conduct audits, adjust to regulatory necessities, and broaden their workflows in different methods.

The first drag and drop interface of the service – Fast Monitoring Wizard – permits customers to create their very own notification system for the required crypto-addresses in a few clicks and bind further information: Danger Rating, details about the quantity in equivalents (for instance, in fiat or BTC), arrange importing to Google Spreadsheets or ship on to Telegram messenger.

PARSIQ’s know-how was lately used to assist KuCoin hack sufferer initiatives restore the balances and conduct hard-forking of their tokens with a purpose to restore the tokens to their rightful holders.

How PARSIQ helps entrepreneurs and enterprises embrace automation with blockchain?

PARSIQ makes it straightforward to combine blockchain infrastructures into current companies by connecting workflows between blockchains to off-chain third-party purposes. Zapier, Google Apps, Telegram, and even information analytics platforms can simply join with blockchain exercise through PARSIQ’s Good-Triggers.

Blockchain transactions have turn into an integral and important a part of many companies right now. Whether or not it entails receiving funds for shopper funds, sending funds to distributors, or executing good contracts, it is advisable to be on prime of your transactions with good notifications and real-time alerts. The probabilities are countless, and the use instances are solely restricted by your must entry this uncooked info.

PARSIQ automates the monitoring of blockchain transactions by monitoring the pockets addresses that should be watched. Past instantaneous notifications, what you are promoting can acquire in-depth information and knowledge from these transactions. This contains:

  • Actionable insights from market information, which can be utilized in analyzing each on-chain and off-chain information sources.
  • Enriching transaction information with helpful info just like the fiat worth worth and even the sender handle’s risk-scoring can improve the general high quality of knowledge being collected.

New Epoch financial mannequin for PRQ tokens

On Thursday, October 29, the PARSIQ staff introduced a deliberate transition to a new expanded token economic system, which can present even higher utility for the PRQ token.

The primary innovation that the staff instructed about was Public Tasks, which function further gamification and attraction for customers. With Public Tasks, customers can subscribe to current PARSIQ Tasks that have been pre-made by different customers and eventually obtain some charges in PRQ as a secure motivation.

By paying Public Challenge builders in PRQ, customers which have subscribed to the Public Challenge will incentivize the creators to invent attention-grabbing, complicated and extra essential – problem-solving initiatives.” – says Tom Tirman, CEO of PARSIQ.

The staff has already proven an instance of what a Public Challenge can seem like. A number of weeks in the past, PARSIQ launched FLASHR – a free product to trace well-known crypto initiatives’ asset actions. Flashr is a public and free-to-use monitoring system that permits customers to be notified of any token actions that they’re fascinated about or invested in. At present, FLASHR retains observe of 13 initiatives: Aave, Serum, FTX, Huobi, PARSIQ, Band Protocol, Compound, Reserve Rights, DFI.Cash, Chainlink, CoinMetro,, Uniswap.

The remainder of the Tokenomics announcement coated new necessities for holding some quantity of PRQ to watch the identical variety of addresses; O2 Protocol for risk-free collateral-less loans system offered to the crypto neighborhood by the PARSIQ staff; and in addition new details about the Uniswap liquidity supplier bonus program, which was introduced earlier.

Because the staff acknowledged, PARSIQ plans to disclose one other fruitful partnership with a top-10 blockchain undertaking firstly of November. PARSIQ is actively working to accomplice with main layer 1 blockchain protocols to broaden the vary of blockchain integrations and provides initiatives that construct on these protocols the flexibility to watch and automate workflows between blockchain and off-chain.

Go to the PARSIQ web site to find some attainable use-cases and discover extra particulars on the undertaking and token: https://parsiq.web

Media Contact

That is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. shouldn’t be accountable, straight or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about within the press launch.

Tags on this story
Aave, Band Protocol, Binance, Bitcoin, Chainlink, CoinMetro, Compound, Cryptocurrency, DFI.Cash, FLASHR, ftx, Huobi, PARSIQ, PRQ, PRQ tokens, Reserve Rights, Reverse-Oracle Blockchain, Serum, Tom Tirman, uniswap, Yearn Finance

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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