PARSIQ
Crypto Overview
Overview
PARSIQ is a blockchain monitoring and workflow automation platform that aims to bridge Web3 and Web2 technologies. The platform enables real-time monitoring and automation of blockchain transactions and smart contract events, allowing users to create custom notifications and automated responses to on-chain activities.
Intended Utility
The PRQ token serves multiple purposes within the PARSIQ ecosystem: It acts as the primary payment method for platform services, provides governance rights, and enables access to premium features. Users must stake PRQ tokens to access certain platform capabilities and receive platform fee discounts.
Actual Utility & Adoption
PARSIQ has demonstrated real-world adoption through partnerships with major blockchain platforms including Solana, Polkadot, and Algorand. The platform processes millions of on-chain events daily, suggesting legitimate utility. Developer activity remains consistent, with regular platform updates and improvements.
Token Distribution & Governance
The initial token distribution allocated 30% to the team and advisors with a 2-year vesting period, 35% for ecosystem development, and 35% for public sale. This distribution model shows reasonable alignment with long-term project success. Team tokens are subject to transparent vesting schedules, reducing dump risks.
Development vs Marketing
PARSIQ demonstrates a strong focus on technical development, with regular GitHub commits and technical documentation updates. Marketing efforts appear balanced with development activities, suggesting a legitimate focus on building valuable technology rather than token promotion.
Crypto Impact
To assign a comfort level investing in PARSIQ from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to PARSIQ.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.