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The next catalysts are the big ones imo.
Reverse triggers can bring an unprecedented amount of utility, and when ncase is more fleshed out they can handle non-custodial private key storage for fully automated on-chain actions. Not to mention cross-chain triggers
30+ Projects confirmed to have their tokenomics powered by IQ protocol. All require the prq token for monitoring every wallet, some have larger caps than PRQ. 30+ projects constantly requiring PRQ + the network effect it brings will be big.
And of course a listing on a tier 1 exchange :)
Because it’s potential percent gains this cycle will likely make you more money. This project is extremely underrated. Yes I know everyone says “their coin” is underrated, but this projects room for growth is very large. It’ll be in the top 100 in time if the PRQ team plays their cards right.
It’s worth a hold on my opinion.
When Parsiq comes into the limelight as a mainstream crypto project the number of PRQ holders will reach six digits. We believe that PRQ's price will be three digits before 2026 due to its unique technology and roadmap.
I think it's fair to say the author's in the bull camp.
Nope that's completely wrong and besides the point. Using PARSIQ services requires PRQ. Doesn't matter how you acquire it. You are totally wrong in saying once they release IQT, PRQ tokenomics are gone. They are completely unrelated.
IQT = Governance token for the IQ Protocol, it does not allow you to rent or borrow. And you can't use it to pay for PARSIQ's services.
PRQ = Utility token for all PARSIQ services. You can only use PRQ if you want to use PARSIQ services like TsunamiAPI or Datalakes. The only other way for paying for these services is through fiat (will probably be discontinued in the future). And all this fiat is converted to PRQ through the IQ protocol.
IQT has nothing to do with PARSIQ's services. You can join our telegram channels to get this verified by team members.
>-IQT will be a governance token for the IQT protocol and will have nothing to do with PARSIQ or their services. You won't be able to use IQT to pay for PARSIQ services.
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>-Whenever a client pays directly for PARSIQ services the fiat is converted to PRQ via the IQ Protocol, so basically all PARSIQ services still require PRQ.
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>- IQT will have far less utilities than PRQ, IQT is only a governance token for the IQ protocol meaning holders will be able to vote on which projects can join the protocol or how much the APY for staking will be, stuff like that. PRQ is used for all the services PARSIQ offers and only holding, buying and renting PRQ will give you access to their services. And if a client pays in fiat the money is converted to PRQ through the IQ protocol.
You are wrong about a couple of things.
-IQT will be a governance token for the IQT protocol and will have nothing to do with PARSIQ or their services. You won't be able to use IQT to pay for PARSIQ services.
-Whenever a client pays directly for PARSIQ services the fiat is converted to PRQ via the IQ Protocol, so basically all PARSIQ services still require PRQ.
- IQT will have far less utilities than PRQ, IQT is only a governance token for the IQ protocol meaning holders will be able to vote on which projects can join the protocol or how much the APY for staking will be, stuff like that. PRQ is used for all the services PARSIQ offers and only holding, buying and renting PRQ will give you access to their services. And if a client pays in fiat the money is converted to PRQ through the IQ protocol.
Hope this helps :)
ATH was around $2.62 according to CoinGecko.
The great thing about accumulating at this level is that we know Parsiq have more than enough funding to see them through the current bear market. So you're definitely going to experience another bull market with PRQ in your portfolio.
Take a worst-case-scenario, is PRQ going to be worth less than 10c in a raging bull market? I don't think so. How high will it go? Who can say. But my own belief is that PRQ is going to smash its ATH; and I'm putting my money where my mouth is, buying bigly at 10c.
Parsiq products are really good and they have been integrating to a lot of projects. But what is the use of PRQ if you can pay their services directly or use IQT tokens on rentals.
I'm thinking that eventually they will just drop PRQ and convert it to IQT. When they release IQT , PRQ will be redundant and have less utility than IQT
Parsiq´s team keeps developing and releasing products with huge demand. The roadmap is very ambitious, and they have the funds to last years if necessary. So, yes, I’m sure that when the bullrun comes PRQ will hit ATH and much more. Can it go a lower form here? Yes, if the whole market does. But the risk to reward here is incredible. If you are willing to wait a couple of years, you can get a 100x. I´m accumulating as much as I can.
That was a great read! Thanks for sharing 🙌 I would like to add that PARSIQ CEO Tom Tirman mentioned in his latest AMA that even more utilities are coming for PRQ soon. Check out the AMA here 👇 ( Tom starts talking about tokenomics around the 20:45 mark)
PRQ and IQT are unrelated. Yes, owned and operated by same team, but two very unique and different purposes. Both work in harmony with one another. the IQT token will not impact the PRQ token at all.
I don't think there's a problem. PRQ already has very good tokenomics. What I heard on the AMA was they were adding more utility to the PRQ token. How they will do this remains to be seen but adding more utility should make it more attractive or more necessary which should drive the price up. If you haven't watched the latest AMA you really should as it's extremely encouraging. I'm very excited about PRQs future which will make me a lot of money.
Hey, I wrote you a reply on this comment 2 days ago but it got auto-deleted because I added some links. So I am gonna try again :)
Staking is currently only supported for $PRQ on the BSC.
Best way to buy $PRQ for staking is Pancakeswap imo. Or use an exchange like MEXC that supports $PRQ BSC withdrawals. Bigger exchanges like Huobi CryptoDotCom and Coinbase only support $PRQ on ERC20 at the moment.
If you do own a large amount of $PRQ on ERC20 and you want to stake you will have to bridge the tokens to BSC. I've done it many times before and it seems totally safe to do. Remember $PRQ is supported by a centralized team and they have full governance over the token. This means that if any exploits occur the PARSIQ team has the power to intervene and secure $PRQ. There have been many cases where holders of $PRQ had their wallets exploited by hackers (because they messed up and shared their seed phrase or connected their wallet to something questionable). When they came for help the PARSIQ team was able to restore their $PRQ for them 99% of the time.
For more info on staking and bridging $PRQ check the resources link menu on this subreddit. Look for:
$PRQ staking guide & $PRQ bridging guide.
Also feel free to join us on Telegram. The links are found on the top of this subreddit as well.
Hope this helps!
Thanks! This is helpful - it really is - but I still feel it doesn't really answer my question. Even if Parsiq (the platform/tool) is wildly successful; how does that translate to higher value of the PRQ token? What function/utility does the token have, that makes it a good investment? Which mechanics will make the token rise in value with increased use of Parsiq?
Hello welcome,
I would like to add that most of the top 200 tokens in crypto at this moment are ''not needed''. It's mostly all based on speculation for utility that is promised and still has to come.
That being said; Any business or person who wants to use PARSIQ services has to use/hold/rent $PRQ . If a customer pays in fiat, the fiat is converted to $PRQ through the IQ protocol (its being manually rented). Also the team has mentioned that with the upcoming (hybrid) PARSIQ DAO on the roadmap, more utilities will be added to the $PRQ token.
The community has been asking for transparency regarding which customers use $PRQ and how much of it is manually rented through the protocol and I think a dashboard that shows all of the usage is somewhere in the pipeline. Until then I am happy staking my PRQ on the protocol. $PRQ staking on the IQ protocol generates a free future $IQT airdrop for all stakers. The longer and the more you stake, the more you get.
In short. There was basically no need for PRQ as a token besides for price speculation. From the utility point they made PRQ as a meaning of payment to use there service.
Yet there are old users and clients who still pay in cash which is kinda odd from my perspective (probably respecting all contracts etc).
With Tsunami everything should be either paid directly with PRQ or PRQ is indirectly lended and then paid.
Is this enough utility? Maybe. Nobody knows how much PRQ as a service is used or needed. This whole company from a valuation point of view is a big black box.
...and what I hoped for was PRQ as a governance token like UNI from Uniswap wants and used to me, but yet they outsourced it to another token...IQT aka IQ token from IQ protocol.
Not happy, but can be worse.
Submit your questions for a chance to win $PRQ!💰
I also believe many people in the crypto space have never heard of Parsiq and know what they are about and what a huge opportunity it is. People are always shilling their favourite pump and dump crap but for me PRQ has to be one of the greatest real opportunities out there. It's a real company with great products and management. There's not much negative.
Thanks for the info. It's very exciting and also a bit frustrating as I'm not massively patient. Hopefully I can buy a few more for cheap though before it happens.
I don't use Binance either but due to the existing links to it I think it's the most obvious exchange to get the first big listing on. I use coinbase mainly and PRQ is available through Coinbase Wallet but it's quite expensive compared to holding on Kucoin.
Great to see Parsiq at another ETHDenver
Good representation by the team and some gems dropped as well.
Review recent AMA by Tom Tirman to see the roundabout of comments made at EthDenver and the future coming "Flagship" product and streamlining of their broader strategy.
All positive news, great strategic moves in the current market and some great hints of benefits for PRQ token holders as well.
Things will continue as they have before they will just be more focused on providing better solutions to customers as part of the new flagship offerings, $PRQ token will continue to remain required but with added utility. Everything that currently exists will continue to exist as it has.
> Currently there is a new incentive program for stakers in Q1 2022, where they can earn even more IQ tokens.
Can you provide some more details on this?
I have some PRQ staked on IQ.space. I don't see any new incentive program on the IQ portal.
On the 31st of December 2021 a snapshot of the liquidity pool was taken and the 1M $PRQ rewards will be vested over 4 months, with a 25% release on the 1st of February and 25% the following 3 months, with the final drop 1st of May 2022.
IQ Governance Tokens will be airdropped to eligible wallets after launch, expected in the first half of 2022.
All this was part of the Q4 2021 incentive program. Currently there is a new incentive program for stakers in Q1 2022, where they can earn even more IQ tokens.
Staking $PRQ is bsc only, and it will probably remain that way for the foreseeable future. ETH fees make staking undesirable especially for smaller holder. The new pool of $MYST is using polygon though.
PARSIQ (PRQ) is another strong bet that Ruth likes. It acts as a bridge between your Web 2.0 project and Web 3.0. So if your company is considering migrating to Web 3.0, this is the best project.
Ruth believes that many large companies eventually want or even need to transfer their digital assets to the web3.0 format. In that case, developers need tools to face security and scalability challenges. Ruth believes that PARSIQ is likely to be used to implement the integration.
PRQ was trading on Friday for about $ 0.42, Market capitalization is $ 63 million. Ruth believes this will fly and be 5 to 10 times more valuable.
Hey Bullish_Wizard. This was talked about at the AMA from Nov. 18. Here's what our CEO had to say:
Q: Will IQ Protocol be on the Ethereum network?
Tom: It is relatively easy for us to deploy on Ethereum. But with the fees, it is just not very feasible right now. I mean, we might do it. But for smaller stakers and holders, paying the gas fees for claiming the rewards would just eat up all your rewards right away. It just doesn’t make sense. We will focus on other chains and layer 2s.
There's been over 51 million PRQ staked using BSC, so lots of people have felt comfortable bridging their PRQ. One of the main reasons to do it before Dec 31, is that you will get your share of 1 million PRQ, as well a free airdrop of the new IQ token that's coming Q1 2022. You may wish to consider it. https://blog.parsiq.net/1-million-prq-incentive-program/
My understanding is there is no "expected return". It is variable according to the amount of PRQ rented from the pool. I've got got an APY <1% over the past three weeks, so I guess you're doing better than I. Haha. I hope that the PRQ incentive pool rewards and IQ protocol governance tokens to be released next year would compensate for this low APY. Additionally though as more tokens are rented from the pool, the APY should continue to increase. #bullish
Hi Anatoly,
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through PRQBoost program the liquidity on PRQ/ETH Uniswap pair increased a lot. Now that big announcements are around the corner, a lot of LPs are taking out their shares to mitigate their impermanent loss.
How can we avoid this?
I think the following could be a good approach: Create transparency for LPs to keep their LP shares through a non-linear correlation of PRQ rewards for LPs with PRQ price:
Amount_PRQ_weekly_Payment = 50000 * ( 1 / ( sqrt ( $PRQprice / 0,1) ) )
Example: Right now rewards are around 37500 PRQ at 12 cents=4500$ weekly rewards for everyone.
then use my formula, price doubles, but rewards are lowered. but not 0,5 of the rewards because the price doubled, but (sqrt(0,5)) = 0,7 so rewards will be 0,7*37500 = 26250PRQ and in numbers it will be 6300$, so an increase in rewards from FIAT perspective, resulting in more Liquidity providers and rise in PRQBoost value on the longterm.
What do you think about that?
​
Also: when piano?
Forgetting PRQ for a moment. PARSIQ as a company must have projections regarding there Revenue and income from the business side of things. What are Parsiqs business projections for 2021+2022+2023.
Assume, more revenue, the more value PRQ will have indirectly. It'll be a good way to answer questions on PRQ Price.
On the website and in the recent AMA Tom did you guys talk about "Holding 1 PRQ per adress". How will that scale with the price of PRQ? If PRQ is at 10c or at 1$ will it always be 1 PRQ per adress? Will this not make the product too expensive for users? Or will this bring organic demand to the lending protocol?
And speaking of the lending protocol will rewards be paid out in PRQ or other? And how will the price of lending scale with the price of PRQ?
Would love to have the math behind the new tokenomics explained in detail :)