Parallel
PAR
Parallel Price, PAR Price, Live Charts and Marketcap
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Price of Parallel today
The live price of Parallel is $1.036 per (PAR / USD) today with a current market cap of $20.4K USD. The 24-hour trading volume is $114.5K USD. PAR to USD price is updated in real time. Parallel is -1.09 % in the last 24 hours. It has a circulating supply of 2,240,894.00 .
What is the highest price of PAR?
PAR has an all-time high (ATH) of $5.60, recorded on 29-05-2023.
What is the lowest price of PAR?
PAR has an all-time low (ATL) of $0.624, recorded on 09-06-2024.
Parallel market information
Parallel Information
The information about Parachute (PAR) token is:
Parachute (PAR) is an ERC-20 token launched on the Ethereum blockchain on February 12, 2018, created by Parachute DAO, a decentralized autonomous organization focused on building accessible cryptocurrency tools and fostering community-driven innovation.
The token serves as the governance and utility asset for the Parachute ecosystem, with a total supply of approximately 1 billion PAR tokens (999,628,334 as per its smart contract), aimed at incentivizing participation and powering various platform features.
PAR’s smart contract address on Ethereum is 0x1beef31946fbbb40b877a72e4ae04a8d1a5cee06, enabling it to integrate with Ethereum’s ecosystem, including decentralized exchanges like Uniswap V2 and wallets like MetaMask.
The ecosystem began with ParJar, a Telegram-based social wallet launched in May 2018, allowing users to send cryptocurrencies instantly in group chats for free, with PAR as a core component for transactions and community rewards.
PAR’s utility includes governance voting within the Parachute DAO, staking for rewards, and facilitating payments for services like Hedgey Finance—a decentralized derivatives platform launched in February 2021 that uses PAR as its official token, offering financial tools atop Uniswap liquidity.
The project, started by founders including Andrey Kostin and Corey Wilton, emphasizes practical crypto use cases, evolving from ParJar to a broader suite of products like multi-platform wallets and mobile apps, with PAR underpinning community engagement initiatives such as earn-and-giveaway programs started in September 2018.
Parachute DAO’s vision includes expanding PAR’s role through integrations like Hedgey Finance, where 80% of fees go to stakers in the governance DAO, and partnerships with projects like Ferrum Network (March 2020) for staking enhancements.
Posts on X and web sources highlight PAR’s community-driven ethos, with no traditional ICO—tokens were distributed via airdrops and ecosystem participation—and a focus on long-term utility rather than speculative trading, supporting features like decentralized finance (DeFi) services introduced in August 2020.