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.
Get up to $200 for getting started
Sign me up
Market Stats
Market Cap
CA$5.47M
-0.62%
FDV
CA$5.47M
Circ. Supply
2.2M PAR
Max Supply
Not enough data
Total Supply
2.2M PAR
Diluted Valuation
CA$3.45M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
CA$1.49
-0.03%
Volume (7D)
CA$9.90
Volume (30D)
CA$45.53
All time high
CA$5.09
Price Change (1Y)
299.9%
Additional info about Parallel
Recent trends
The latest PAR price is CA$2.44. Compared to Parallel's value of CA$2.44 from 24 hours ago, there's been a 0% increase, while the current price is 66% up from CA$1.49 which was recorded one week ago. Parallel's all time high is CA$5.09, which was reached on May 29, 2023. This is a -52% change from its price today.
The market cap is currently CA$5.47M, which is a result of multiplying the current price of Parallel(CA$2.44) by the total supply(2,240,894 PAR). The fully diluted valuation of Parallel is CA$5.47M. The diluted valuation of Parallel is CA$5.47M.
Market details
PAR vs markets
↗ 190.5%
PAR vs BTC
↗ 145.45%
PAR vs ETH
↗ 443.35%
Tags
stablecoin
algorithmic-stablecoin
eur-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x68037790A0229e9Ce6EaA8A99ea92964106C4703 | |
Fantom | 0x13082681E8CE9bd0aF505912d306403592490Fc7 | |
Polygon | 0xE2Aa7db6dA1dAE97C5f5C6914d285fBfCC32A128 |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$2.44 | ↗ 0.02% |
1 Day | CA$2.44 | ↗ 0.02% |
1 Week | CA$1.49 | ↗ 65.53% |
1 Month | CA$3.24 | ↘ 22.32% |
1 Year | CA$0.62 | ↗ 299.90% |
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.
We update our Parallel to CAD currency in real-time. Get the live price of Parallel on Coinbase.
The current market cap of Parallel is CA$5.47M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Parallel is CA$5.09. This all-time high is highest price paid for Parallel since it was launched.
Over the last 24 hours, the trading volume of Parallel is CA$1.49.
Assets that have a similar market cap to Parallel include Mondo Community Coin, Curio Gas Token, Fairface, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Parallel is 2.2 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
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.
Parallel calculator
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
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.
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.