About Parallel
Mimo Protocol is a Collateralized Debt Position (CDP) protocol deployed on Ethereum, Polygon and Fantom. The stablecoin (PAR) is decentralized (controlled by vMIMO holders), non-custodial, overcollateralized, and fully redeemable synthetic asset pegged to the Euro fiat currency.
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Market Stats
Market Cap
$2.75M
0.05%
FDV
$2.75M
Circ. Supply
2.2M PAR
Max Supply
Not enough data
Total Supply
2.2M PAR
Diluted Valuation
$2.73M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$2.59K
1,051.96%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$3.75
Price Change (1Y)
Not enough data
53.26%
Additional details
Market details
PAR vs markets
↗ 82.15%
PAR vs BTC
↗ 84.97%
PAR vs ETH
↗ 111.99%
Tags
stablecoin
algorithmic-stablecoin
eur-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x68037790A0229e9Ce6EaA8A99ea92964106C4703 | |
Fantom | 0x13082681E8CE9bd0aF505912d306403592490Fc7 | |
Polygon | 0xE2Aa7db6dA1dAE97C5f5C6914d285fBfCC32A128 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.23 | |
1 Day | $1.22 | |
1 Week | $1.20 | |
1 Month | $1.23 | |
1 Year | $0.80 |
FAQ
The Parallel (PAR) is a protocol that operates on the Ethereum blockchain. PAR is a decentralized stablecoin issuance protocol. Parallel tokens are noncustodial, decentralized, fully redeemable, and collateral-backed assets pegged to a traditional currency. Further, these coins are kept stable by collateral locked in smart contract vaults. The platform aims to progressively decentralize itself over time, passing control to a diverse community holding the governance token.
According to the website, the mission of this platform is to provide the safest way to access the best services on the blockchain. The platform also aims to start with a protocol that provides a safe way to mint and earn new stable tokens pegged to the euro. Minting means verifying information, making a new block, and recording that information into the blockchain. As per the whitepaper, the various features of this project are:
The Parallel network launched its whitepaper on May 5, 2021. The CEO of this project is Claude Eguienta, while Toby Hoenish is the network's cofounder and chief financial product officer.
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Legal
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