PRESS RELEASE. PARSIQ launches its extremely expected IQ Protocol – the primary risk-free collateral-less decentralized finance protocol constructed particularly for the Device-as-a-Carrier (SaaS) marketplace.
31st March 2021, Tallinn, Estonia – PARSIQ has introduced their innovative IQ Protocol on testnet (Ethereum) – a decentralized finance (DeFi) answer for the SaaS marketplace. IQ Protocol is the arena’s first risk-free, collateral-less DeFi protocol to tokenize SaaS subscriptions within the DeFi area with a round economic system. IQ Protocol options a number of same old DeFi products and services, together with staking, lending, and borrowing.
The release marks PARSIQ’s respectable access into the DeFi area. If the testnet unencumber is a hit, IQ Protocol’s mainnet is scheduled to release in Q2 this 12 months, and the group already has passion from a number of DeFi tasks. Moreover, the PARSIQ group is thinking about launching the mainnet on a number of different chains, together with Binance Sensible Chain (BSC), and Solana (SOL), with which PARSIQ has already built-in.
IQ Protocol & Energy Tokens
The IQ Protocol brings a brand new point of view to DeFi answers for the mainstream atmosphere. No longer handiest is the upkeep of the protocol’s community fully-trustless, however the protocol itself is open-source. Moreover, PARSIQ’s cutting edge resolution to take away the requirement of collateral to take part in or construct on IQ is some other first for the DeFi area, nullifying the hazards related to DeFi participation.
IQ Protocol additionally takes an cutting edge technique to token application during the advent of Energy Tokens. In contrast to typical application tokens which constitute a set quantity of application, Energy Tokens generate application through the years. Due to this fact, holders of Energy Tokens “subscribe” to application somewhat than possessing a set amount.
As an example, the traditional “tomato token” would constitute rights to assemble 1 kg of tomatoes, while a Energy “tomato token” (with weekly waft and expiry in 1 12 months) would constitute a proper to assemble 1 kg of tomatoes every week for a 12 months.
Energy Tokens are housed in a “Energy Undertaking” – a sequence of good contracts which combination a number of IQ Protocol options, together with governance, investment, and the facility to mint new Energy Tokens.
The shift to a subscription-first type supplies massive efficiency advantages for blockchain-based networks together with off-loading a vital load of transactions clear of the main-chain. And in the most productive case, maximum main-chain transactions aren’t wanted anymore.
A brand new, upgraded tokenomics type additionally accompanies IQ’s release, requiring customers to carry PRQ, PARSIQ’s local token. IQ lets in customers to borrow or “hire” PRQ by way of IQ Protocol through paying a price. In impact, they pay a subscription price, with the proceeds rewarding lenders in a risk-free style. Accordingly, IQ’s type rewards conserving in a easy however efficient method which additionally guarantees the long-term safety of its community.
Sturdy Partnerships & Trends
IQ’s release comes after a a hit begin to the 12 months for the PARSIQ group. The present community just lately built-in with the Solana ecosystem, permitting SOL customers to mix information streams and write customized situations the usage of PARSIQ’s user-friendly scripting language.
PARSIQ additionally built-in its Sensible Triggers function with information market platform Ocean Protocol. The integration offers Ocean customers the facility to automate reactions to precise information inputs the usage of PARSIQ’s distinctive tracking answer.
This was once additionally prolonged to Binance Sensible Chain (BSC), with BSC customers in a position to have the benefit of the similar Sensible Triggers function. As a part of the BSC integration, PARSIQ additionally changed into a part of Binance’s $100 million accelerator fund as a part of the top-exchange’s efforts to inspire cutting edge new tasks to construct on BSC.
Additionally, PARSIQ has built-in with a number of different tasks within the DeFi area, together with Balancer, PAID Community, Injective Protocol, and lots of extra. For extra on those integrations, take a look at PARSIQ’s weblog.
PARSIQ is a next-generation blockchain analytics platform constructed to glue blockchain process to off-chain programs and units. It supplies a lot of cutting edge answers for actionable information together with customizable event-based triggers, information tracking answers, and real-time automation focused on the SaaS area.
For extra about IQ Protocol, PARSIQ, and its long run plans, seek advice from PARSIQ’s site.
Hook up with PARSIQ on LinkedIn: https://www.linkedin.com/corporate/parsiq/
Observe PARSIQ on Twitter: https://twitter.com/parsiq_net
Sign up for the PARSIQ group on Telegram: https://t.me/parsiq_group
Learn PARSIQ’s weblog on Medium: https://medium.com/parsiq
Media Touch Main points
Touch Identify: Bitcoin PR Buzz Press Workforce
Touch E mail: firstname.lastname@example.org
About Bitcoin PR Buzz
Bitcoin PR Buzz has been proudly serving the crypto press unencumber distribution wishes of blockchain start-u.s.for over nine years. Get your Bitcoin Press Unencumber Distribution these days.
PARSIQ is the supply of this content material. This Press Unencumber is for informational functions handiest. The guidelines does no longer represent funding recommendation or an be offering to speculate.
This can be a press unencumber. Readers will have to do their very own due diligence sooner than taking any movements associated with the promoted corporate or any of its associates or products and services. Bitcoin.com isn’t accountable, immediately or not directly, for any harm or loss led to or purported to be led to through or in reference to using or reliance on any content material, items or products and services discussed within the press unencumber.
Symbol Credit: Shutterstock, Pixabay, Wiki Commons
(serve as(d, s, identification) (file, ‘script’, ‘facebook-jssdk’));