About Parex
Parex is a decentralized exchange. It also has a token that can only exist through the mining production mechanism. The production network is processed with the DRC-16 protocol. It can also build bridges with many networks thanks to Proof of Interoperability. Thanks to Parex Proof of Interoperability, it establishes interoperable bridges with other networks. There is a balance between all networks. Circulation is common. Polygon, BEP20, Ethereum, Polkadot, Avax etc. Burning is common. As soon as the PRX token is sent to production, it is burned and falls out of circulation. It continues its existence as a communityoriented project to overcome all difficulties. The Proof of Interoperability mechanism ensures that the PRX token is an interoperable token in every network. In this way, every inter-network transfer is possible thanks to Parex Market. Switching between networks takes place at low fees and quickly through the Parex Market. Bridge makes tiring routes easy for PRX.
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Market Stats
Market Cap
$464,026.65
2.43%
FDV
$2,615,622.29
Circulating Supply
13,660,249 PRX
Max Supply
77,000,000 PRX
Total Supply
41,512,309 PRX
Diluted Valuation
$1,404,208.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$84,258.95
-0.27%
Volume (7D)
$731,617.86
Volume (30D)
$2,496,616.21
All time high
$5.01
Overall Price Change (1Y)
-0.93%
Additional info about Parex
Recent trends
The price of Parex has increased by 0.51% in the last hour and increased by 2.04% in the past 24 hours. Parex’s price has also fallen by 11.32% in the past week. The current price is $0.0337 per PRX with a 24-hour trading volume of $84.26K. Currently, Parex is valued at 99.33% below its all time high of $5.01. This all-time high was the highest price paid for Parex since its launch. The current circulating supply of Parex is 13,660,249 PRX which means that Parex has as total market cap of $464,026.65.
Market details
PRX vs markets
↘ 94.41%
PRX vs BTC
↘ 95.23%
PRX vs ETH
↘ 87.67%
Tags
defi
dao
binance-smart-chain
web3
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xADfb28426864c0fF169f5DceAd2EfDd09e0DeEC9 | |
BNB Smart Chain | 0x90E3414e00E231B962666Bd94ADB811D5bcD0c2a | |
Avalanche C-Chain | 0x08287930ca952673B02D3B70eEc2893Dd7846743 | |
BNB Smart Chain | 0xae982A6CaF9250CaB5BE701Be5acD2E741Fb3498 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0337 | ↗ 2.04% |
1 Day | $0.0329 | ↗ 2.04% |
1 Week | $0.0382 | ↘ 11.32% |
1 Month | $0.0403 | ↘ 15.87% |
1 Year | $0.52 | ↘ 93.45% |
FAQ
Parex (PRX) is a decentralized digital asset that operates on a distinct production mechanism. It is a community-focused initiative that seeks to address issues in the digital asset space. Parex employs the PEP-2 | PEP-20 protocol for managing its production network. The PRX token, a crucial part of the Parex ecosystem, is produced through this unique mechanism. Parex also incorporates a Proof of Interoperability mechanism, which allows the PRX coin to be interoperable across various networks. This mechanism facilitates inter-network transfers, enhancing the versatility and adaptability of the PRX coin.
Parex operates on a distinct production mechanism where the PRX token is produced. Once the PRX token is sent to production, it is burned and removed from circulation. This process is managed by the PEP-2 | PEP-20 protocol. Parex also employs a Proof of Interoperability mechanism, which allows the PRX coin to be interoperable across different networks. This means that PRX can be transferred between various networks through the Parex Market, which seeks to provide low fees and quick transactions. The Parex ecosystem is designed to be community-focused, striving to address challenges and maintain equilibrium across all networks.
Parex seeks to offer a broad range of use cases in the digital economy. It can be used as a method of payment, with businesses and users able to implement multi-currency payments and settlements through the Parex wallet. Parex also supports the creation of PEP20 tokens via smart contracts on the Parex network, which can be used in various sectors such as the gaming industry, metaverse, and advertising. Additionally, Parex can be used in the Internet of Things (IoT) sector, where blockchain can create a basic framework to facilitate the transaction and cooperation of devices. Lastly, Parex can be used in AI architectures and algorithms, particularly in integrative genomics, a field that combines biology, information science, machine learning, and other AI methods.
Parex was conceptualized as a decentralized, community-focused initiative that seeks to address issues in the digital asset space. It was designed to operate on a distinct production mechanism, managed by the PEP-2 | PEP-20 protocol. Over time, Parex has developed a Proof of Interoperability mechanism, which allows the PRX coin to be interoperable across different networks. This mechanism has enabled Parex to establish interoperable bridges with other networks, seeking to maintain equilibrium across all networks. The project has continued to evolve, with the development of the Parex Market and the introduction of various use cases for the PRX coin.
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The current market cap of Parex is $464.03K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Parex is $5.01. This all-time high is highest price paid for Parex since it was launched.
Over the last 24 hours, the trading volume of Parex is $84.26K.
Assets that have a similar market cap to Parex include UniLayer, Nordek, Zynecoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Parex is 14 million.
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Social stats
Popularity in posts
#2815
Contributors
37
Posts
50
% About Parex
0.007%
Articles
1
Hold times
0 days
X (Twitter)
72.6% bullish
Sentiment
60 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
37 unique individuals are talking about Parex and it is ranked #2,815 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Parex has an average sentiment score of 60 out of 5. Finally, Parex is becoming less newsworthy, with 1 news articles published about Parex.
On Twitter, people are mostly bullish about Parex. There were 72.6% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Parex. 27.4% of tweets were neutral about Parex. These sentiments are based on 17 tweets.
On Reddit, Parex was mentioned in 4 Reddit posts and there were 1 comments about Parex. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.