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
$2.36M
-2.06%
FDV
$2.36M
Circ. Supply
2.2M PAR
Max Supply
Not enough data
Total Supply
2.2M PAR
Diluted Valuation
$2.76M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$182.03
-71.22%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$3.75
Price Change (1Y)
27.91%
Additional details
Market details
PAR vs markets
↘ 25.59%
PAR vs BTC
↘ 21.61%
PAR vs ETH
↘ 20.3%
Tags
stablecoin
algorithmic-stablecoin
eur-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x68037790A0229e9Ce6EaA8A99ea92964106C4703 | |
Fantom | 0x13082681E8CE9bd0aF505912d306403592490Fc7 | |
Polygon | 0xE2Aa7db6dA1dAE97C5f5C6914d285fBfCC32A128 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.05 | ↘ 16.48% |
1 Day | $1.05 | ↘ 16.48% |
1 Week | $1.05 | 0.00% |
1 Month | $1.01 | ↗ 4.31% |
1 Year | $0.82 | ↗ 27.91% |
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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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#930
Contributors
116
Posts
116
% About Parallel
0.026%
Hold times
0 days
X (Twitter)
30.56% bullish
Sentiment
4.6 ★
Highlights
116 unique individuals are talking about Parallel and it is ranked #930 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Parallel has an average sentiment score of 4.6 out of 5. Finally, Parallel is becoming less newsworthy, with 0 news articles published about Parallel.
On Twitter, people are mostly neutral about Parallel. There were 33.42% of tweets with bullish sentiment compared to 9.36% of tweets with a bearish sentiment about Parallel. 66.58% of tweets were neutral about Parallel. These sentiments are based on 409 tweets.
On Reddit, Parallel was mentioned in 293 Reddit posts and there were 397 comments about Parallel. 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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Legal
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.
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