What is Parsiq (PRQ): A Beginner’s Guide to the Blockchain Data Platform

Parsiq is a blockchain platform that aims to make crypto data more accessible and useful.

It lets you track and react to events on different blockchains in real-time.

The platform’s native token, PARSIQ (PRQ), is used for payments, staking, and governance.

PRQ tokens power the Parsiq ecosystem.

You can use them to pay for services, earn rewards by staking, and vote on important decisions.

The project wants to be the go-to tool for monitoring blockchain activity across many networks.

If you’re interested in blockchain tech, Parsiq offers a way to tap into crypto data streams.

Whether you’re a developer building apps or an investor tracking transactions, PRQ tokens give you access to Parsiq’s features.

Key Takeaways

• Parsiq helps you monitor and use blockchain data in real-time
• PRQ tokens are needed to use Parsiq’s services and participate in governance
• You can buy PRQ on crypto exchanges and store it in compatible wallets

Understanding Parsiq and its Ecosystem

Parsiq is a blockchain platform that connects on-chain and off-chain data in real-time.

It helps developers build apps that can monitor and react to blockchain events.

The PRQ token powers the Parsiq ecosystem.

Technology and Use Cases

Parsiq’s tech lets you track crypto transactions across different blockchains like Ethereum and Polygon.

You can set up alerts for wallet activity or smart contract events.

This is super useful for things like:

• Monitoring your DeFi investments
• Tracking NFT sales and transfers
• Spotting suspicious activity on exchanges

Developers love Parsiq because it makes building blockchain apps way easier.

You don’t need to set up your own nodes or write complex code to watch the blockchain.

Parsiq handles all that heavy lifting for you.

Partnerships and Integrations

Parsiq has teamed up with some big names in crypto.

They’re part of Binance’s $100M BSC Accelerator fund, which is a huge deal.

This partnership helps Parsiq grow on the BNB Chain.

Other cool integrations include:

• Major exchanges for real-time trading data
• DeFi platforms for monitoring liquidity and yields
• NFT marketplaces to track sales and trends

These partnerships make Parsiq super valuable for both developers and users.

You get access to tons of data and tools, all in one place.

It’s like having a Swiss Army knife for blockchain apps.

Buying and Storing PRQ

Getting your hands on PRQ tokens and keeping them safe is straightforward.

You have several options for buying and trading, as well as secure storage methods to protect your investment.

Exchanges and Trading Platforms

You can buy PRQ tokens on several popular crypto exchanges.

KuCoin is a top choice, offering PRQ trading pairs with USDT and BTC.

To get started, create an account and complete the verification process.

Once verified, fund your account with crypto or fiat currency.

Head to the trading section and search for PRQ.

You can place market or limit orders to buy PRQ at your desired price.

Other exchanges like Gate.io and Uniswap also list PRQ.

Compare fees and liquidity across platforms to find the best deal.

Remember to always double-check the token contract address to avoid scams.

Wallets and Security

After buying PRQ, it’s crucial to store it securely.

As an ERC-20 token, PRQ can be kept in any Ethereum-compatible wallet.

Hardware wallets like Ledger or Trezor offer the highest security for long-term storage.

These devices keep your private keys offline, safe from online threats.

For more frequent trading, you might prefer software wallets.

MetaMask is a popular choice, working as a browser extension or mobile app.

It allows easy access to decentralized exchanges and PARSIQ’s platform.

Always enable two-factor authentication on your exchange accounts.

Back up your wallet’s seed phrase in a safe, offline location.

Never share your private keys or seed phrase with anyone.

Market Insights and Financials

PARSIQ’s cryptocurrency PRQ has seen ups and downs in its price and market cap.

Let’s look at how it’s been doing and what the numbers tell us about its supply and value.

Price Movements and Volatility

PRQ’s price has been on a rollercoaster lately.

Right now, you can buy one PRQ for about $0.07.

This is way lower than its all-time high.

In fact, it’s down by 97.28% from its peak.

The price doesn’t sit still.

It’s gone up 2.16% in just the last hour.

Over a whole day, it climbed 4.57%.

But zoom out a bit, and you’ll see it dropped 13.07% over the past week.

If you’re thinking about trading, keep an eye on the 24-hour trading volume.

It’s around $768,216.

This tells you how much PRQ is changing hands each day.

Supply and Market Cap Analysis

PARSIQ’s market cap gives you an idea of its total value.

Right now, it’s sitting at about $21.7 million.

This puts PRQ at number 820 on the list of all cryptocurrencies.

What about the coins out there? There are 285,256,872 PRQ coins floating around.

This is called the circulating supply.

But there’s more to the story.

The total supply of PRQ is actually higher at 310,256,872.

This means not all coins are out in the market yet.

It’s good to know this because it could affect the price if more coins are released.

PARSIQ doesn’t have a set maximum supply.

This is different from some other cryptocurrencies that cap their total coins.

Frequently Asked Questions

PARSIQ is a blockchain monitoring platform that’s gotten some attention lately.

Let’s look at what it does, if it’s worth investing in, and where you can learn more about it.

What does Parsiq do and how does it work?

PARSIQ watches blockchain activity and sends alerts about important events.

It helps you keep track of crypto transactions and smart contracts.

You can set up custom notifications for things like large transfers or specific wallet activities.

The platform uses its own programming language to make setting up these alerts easier.

It works with several different blockchains, not just one or two.

Is investing in PRQ coin a wise choice?

Investing in PRQ, PARSIQ’s token, depends on your goals and risk tolerance.

The price of PRQ has gone up and down a lot.

It’s now worth about $0.0710, which is 97% less than its highest price ever.

Crypto investments can be risky.

PRQ’s value might go up if more people use PARSIQ, but there’s no guarantee.

Do your homework before putting money in.

What’s the latest buzz around PARSIQ in the news?

PARSIQ has been working on new ways to use its PRQ token.

They want to make it more useful for their products and services.

This could mean changes to how PRQ works in the future.

The company is also expanding what their platform can do.

They’re trying to make it easier for more people to use blockchain data.

Can you find PARSIQ discussions on platforms like Twitter or Reddit?

Yes, you can find PARSIQ talks on social media.

Twitter has posts about PRQ price changes and new features.

Reddit has threads where users share thoughts on the project.

Remember, not all info on social media is correct.

It’s smart to check facts from official sources too.

How can you convert PRQ to USD, and what’s the current rate?

You can convert PRQ to USD on crypto exchanges that list the token.

The current rate changes often.

Right now, one PRQ is worth about $0.076161 USD.

To convert, you’d sell your PRQ for USD on an exchange.

The total USD you get depends on how many PRQ you sell and the exact price at that time.

What are some predictions for the future price of Parsiq?

Price predictions for crypto are often just guesses.

Some think PRQ might go up if PARSIQ gets more popular.

Others worry it might stay low or drop more.

PARSIQ’s market rank and total value can give you an idea of how it’s doing compared to other cryptos.

But past performance doesn’t guarantee future results.