IQ Protocol by PARSIQ to Empower DeFi Projects, Developers, And Users By Orbit Brain July 15, 2021 0 712 views Launched on the mainnet final month, PARSIQ’s new lending and borrowing IQ Protocol is the primary risk-free and collateral-less answer within the DeFi business.Progressive Protocol to Make Decentralized Subscriptions A ActualityThe PARSIQ ecosystem has grown considerably since its inception in 2018. The blockchain monitoring and intelligence platform join on-chain and off-chain purposes in real-time, usually notifying end-users of transactions, making it one of many preferable ecosystems to observe and safe DeFi purposes, customise occasion triggers, and create automation.Suitable with Solana, Polkadot, Ethereum, Binance Good Chain, Aave, Algorand, and a number of other different blockchains, PARSIQ has lastly launched its IQ Protocol on the mainnet following a profitable testnet launch on Ethereum. The IQ Protocol is a lending and borrowing protocol that provides the primary risk-free and collateral-less answer to the decentralized finance (DeFi) ecosystem. As a person product, IQ Protocol works along with PARSIQ’s different subscription providers.To proceed innovating and including extra capabilities, months earlier than the testnet launch, PARSIQ welcomed Evan Cheng as an investor and advisor. Evan’s experience and expertise main tasks like Chainlink, Zilliqa, and Fb have helped PARSIQ to enhance its suite of merchandise and options. Led by the Solana Basis and Axia8 Ventures, PARSIQ’s promising IQ protocol raised $three million days earlier than its mainnet launch from outstanding buyers, together with CoinUnited, Elevate Ventures, Krypital Group, Mindworks VC, Sanctum Ventures, Transfero Swiss, and others.Bestowing Advantages on Service Suppliers & Shoppers AlikeAs an open-source and decentralized protocol, the IQ Protocol presents ample room for personalization when it comes to tokenization fashions for distinctive providers and options. It permits builders to tokenize current belongings, which helps obtain decentralized subscriptions, a brand new enterprise mannequin throughout the crypto ecosystem.As an illustration, PARSIQ’s IQ Protocol has the potential to enhance the prevailing subscription mannequin of DEXTools. The interactive buying and selling instrument, DEXTools, permits customers to carry out many capabilities for buying and selling via its free, customary, and premium plans. Whereas DEXT tokens serve the aim throughout the platform, customers don’t get any incentives for holding the extra tokens.To place this into perspective, assume a consumer has 25,000 DEXT and subscribes to the usual plan for 10,000 DEXT. The remaining 15,000 DEXT stays within the pockets with out yielding any substantial return. IQ Protocol solves this dilemma, permitting customers to get pleasure from their subscription to the usual plan and provide passive earnings for the additional tokens. Customers can lend the extra tokens through IQ protocol and generate returns as a liquidity supplier.Moreover, IQ Protocol additionally permits service suppliers to simply accept subscription charges in several crypto and fiat currencies. It additionally permits builders to implement personalized subscription-based providers effortlessly and on the lowest doable prices, thereby making a round financial system that powers the service suppliers’ tokens whereas providing larger incentives to the customers – a win-win scenario for each.Per Tom Tirman, CEO of PARSIQ, “The IQ Protocol mannequin may be utilized to web service suppliers, file streaming corporations, analytics platforms, and even each day supply of recent meals. Any enterprise the place consumption is measured over time and quantity can situation lifetime worth tokens that give customers rights to the providers or merchandise whereas permitting liquidity suppliers (“lenders”) to earn a share of the renting charges.”Share this:FacebookXPrintEmailLinkedInRedditTwitterTumblrPinterestTelegramWhatsApp Orbit Brainhttps://orbitbrain.com/ Orbit Brain is the senior science writer and technology expert. Our aim provides the best information about technology and web development designing SEO graphics designing video animation tutorials and how to use software easy waysand much more. Like Best Service Latest Technology, Information Technology, Personal Tech Blogs, Technology Blog Topics, Technology Blogs For Students, Futurism Blog.