Paralink Network IDO on Polkastarter
Paralink Network announced its public sale IDO on the renowned decentralized auction protocol Polkastarter in May.
Paralink is addressing one of the most critical issues in the nascent blockchain space today – the connectivity between real world data and smart contracts. Paralink is a parachain with oracle quorums for Polkadot, providing reliable and trustworthy data sources to other parachains, such as real-time price feeds for decentralized markets.
Without accurate, reliable and decentralized data feeds, blockchain applications such as prediction and derivatives markets cannot perform calculated actions as any corruption in price and data feeds can result in large financial losses.
Paralink had concluded its strategic private funding rounds raising $2.8 million which were participated by industry leaders such as 3 commas, Hillrise Capital, Kenetic Capital, Morning Star, LD Capital, NGC Ventures, Bitcoin.com, Signal Ventures, Genblock Capital, Moonrock Capital, TRG Capital, Moonwhale and others.
What is Polkastarter?
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.
What is Paralink?
Paralink Network offers a multi-chain oracle platform for DeFi and other blockchain applications. Applications that require the highest degree of security can use Paralink’s on-chain consensus algorithm, running on Polkadot Substrate. Paralink’s flexible node design allows developers to query for real-world events, sports, weather, random numbers and more. Developers can create custom queries using Paralink Query Language (PQL) and connect smart contracts with traditional APIs within minutes.
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