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
$2,266,481.91
-1.53%
FDV
Not enough data
Circulating Supply
2,240,894 PAR
Max Supply
Not enough data
Total Supply
2,240,894 PAR
Diluted Valuation
$2,651,808.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$8.34
0%
Volume (7D)
$57.40
Volume (30D)
$226.57
All time high
$3.75
Overall Price Change (1Y)
0.09%
Additional info about Parallel
Recent trends
The price of Parallel has decreased by 0.02% in the last hour and decreased by 0.01% in the past 24 hours. Parallel’s price has also fallen by 55.82% in the past week. The current price is $1.01 per PAR with a 24-hour trading volume of $8.34. Currently, Parallel is valued at 73.04% below its all time high of $3.75. This all-time high was the highest price paid for Parallel since its launch. The current circulating supply of Parallel is 2,240,894 PAR which means that Parallel has as total market cap of $2,266,481.91.
Market details
PAR vs markets
↘ 8.93%
PAR vs BTC
↘ 17.42%
PAR vs ETH
↗ 113.67%
Tags
stablecoin
algorithmic-stablecoin
eur-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x68037790A0229e9Ce6EaA8A99ea92964106C4703 | |
Fantom | 0x13082681E8CE9bd0aF505912d306403592490Fc7 | |
Polygon | 0xE2Aa7db6dA1dAE97C5f5C6914d285fBfCC32A128 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.01 | ↘ 0.01% |
1 Day | $1.01 | ↘ 0.01% |
1 Week | $2.29 | ↘ 55.82% |
1 Month | $0.70 | ↗ 44.45% |
1 Year | $0.93 | ↗ 8.56% |
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 USD currency in real-time. Get the live price of Parallel on Coinbase.
The current market cap of Parallel is $2.27M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Parallel is $3.75. 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 $8.34.
Assets that have a similar market cap to Parallel include Nutcash, SASHA CAT, LanaCoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Parallel is 2.2 million.
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Social stats
Popularity in posts
#1679
Contributors
1,896
Posts
2,171
% About Parallel
0.018%
Articles
2
Hold times
0 days
X (Twitter)
21.16% bullish
Sentiment
3.2 ★
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.
Highlights
1,896 unique individuals are talking about Parallel and it is ranked #1,679 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 63 out of 5. Finally, Parallel is becoming less newsworthy, with 2 news articles published about Parallel.
On Twitter, people are mostly neutral about Parallel. There were 49.44% of tweets with bullish sentiment compared to 133.62% of tweets with a bearish sentiment about Parallel. 50.56% of tweets were neutral about Parallel. These sentiments are based on 611 tweets.
On Reddit, Parallel was mentioned in 186 Reddit posts and there were 4578 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
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.