IQ Protocol by PARSIQ to Empower DeFi Projects, Developers, And Users

2021-7-15 13:44

Launched on the mainnet last month, PARSIQ’s new lending and borrowing IQ Protocol is the first risk-free and collateral-less solution in the DeFi industry.

Innovative Protocol to Make Decentralized Subscriptions A Reality

The PARSIQ ecosystem has grown substantially since its inception in 2018. The blockchain monitoring and intelligence platform connect on-chain and off-chain applications in real-time, regularly notifying end-users of transactions, making it one of the preferable ecosystems to monitor and secure DeFi applications, customize event triggers, and create automation.

Compatible with Solana, Polkadot, Ethereum, Binance Smart Chain, Aave, Algorand, and several other blockchains, PARSIQ has finally launched its IQ Protocol on the mainnet following a successful testnet launch on Ethereum. The IQ Protocol is a lending and borrowing protocol that offers the first risk-free and collateral-less solution to the decentralized finance (DeFi) ecosystem. As an individual product, IQ Protocol works together with PARSIQ’s other subscription services.

To continue innovating and adding more capabilities, months before the testnet launch, PARSIQ welcomed Evan Cheng as an investor and advisor. Evan’s expertise and experience leading projects like Chainlink, Zilliqa, and Facebook have helped PARSIQ to improve its suite of products and features. Led by the Solana Foundation and Axia8 Ventures, PARSIQ’s promising IQ protocol raised $3 million days before its mainnet release from prominent investors, including CoinUnited, Elevate Ventures, Krypital Group, Mindworks VC, Sanctum Ventures, Transfero Swiss, and others.

Bestowing Benefits on Service Providers & Consumers Alike

As an open-source and decentralized protocol, the IQ Protocol offers ample room for customization in terms of tokenization models for unique services and features. It enables developers to tokenize existing assets, which helps achieve decentralized subscriptions, a new business model within the crypto ecosystem.

For instance, PARSIQ’s IQ Protocol has the potential to improve the existing subscription model of DEXTools. The interactive trading tool, DEXTools, enables users to perform many functions for trading through its free, standard, and premium plans. While DEXT tokens serve the purpose within the platform, users don’t get any incentives for holding the additional tokens.

To put this into perspective, assume a user has 25,000 DEXT and subscribes to the standard plan for 10,000 DEXT. The remaining 15,000 DEXT remains in the wallet without yielding any substantial return. IQ Protocol solves this dilemma, allowing users to enjoy their subscription to the standard plan and offer passive earnings for the extra tokens. Users can lend the additional tokens via IQ protocol and generate returns as a liquidity provider.

Furthermore, IQ Protocol also allows service providers to accept subscription fees in different crypto and fiat currencies. It also enables developers to implement customized subscription-based services effortlessly and at the lowest possible costs, thereby creating a circular economy that powers the service providers’ tokens while offering higher incentives to the users – a win-win situation for both.

Per Tom Tirman, CEO of PARSIQ, “The IQ Protocol model can be applied to internet service providers, file streaming companies, analytics platforms, or even daily delivery of fresh food. Any business where consumption is measured over time and volume can issue lifetime value tokens that give users rights to the services or products while allowing liquidity providers (“lenders”) to earn a share of the renting fees.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

PARSIQ (PRQ) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.192
Капитализация $0 Rank 99999
Цена в час новости $ 0.1331 (-100%)

parsiq protocol defi decentralized subscriptions make industry

parsiq protocol → Результатов: 8


PARSIQ’s IQ Protocol launches, powering the tokenized-SaaS ecosystem of the future

PARSIQ has launched its revolutionary IQ Protocol on testnet (Ethereum) - a decentralized finance (DeFi) solution for the SaaS market. IQ Protocol is the world’s first risk-free, collateral-less DeFThe post PARSIQ’s IQ Protocol launches, powering the tokenized-SaaS ecosystem of the future appeared first on AMBCrypto.

2021-3-31 18:00