PARSIQ Token Burning Event

PARSIQ Burns 189 Million tokens!

PARSIQ—a next-generation blockchain analytics platform built to connect blockchain activity to off-chain applications and devices announced that it burns 189 Million $PRQ tokens. PARSIQ finally have regulators approval on burning the unsold tokens from the token sale along with the portion of team and advisor tokens from rebalancing that they have in January of this year. The platform confirms that burning the tokens held in the retention wallet will not change the status of the PRQ token.

WHAT IT MEANS?
It means that the total circulating supply of the $PRQ token can now only be 310,256,872 PRQ, or roughly 62% of what it was originally at 500 million. Token statistics on sites like CoinMarketCap and CoinGecko will also finally reflect the true token history, which should make token distribution easier to understand for someone looking at the $PRQ token for the first time.

PARSIQ is true to their word and commitment to the community. As a young software company, they do experience delays, re-prioritizations, 3rd party changes that can change their course and plans, but their goals and promises stay the same. With the burning of the 189 million PRQ tokens worth $158M USD held in the retention wallet, PARSIQ reaffirm this core value of the company.

The PARSIQ Token (PRQ) is an essential piece of the PARSIQ platform that fuels our circular subscription model, unlocking a new and revolutionary way to do on-chain subscriptions.

ABOUT PARSIQ
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. PARSIQ technology is a proprietary ParsiQL programming language that allows users to monitor and interpret an endless stream of data on the blockchain; thus, it’s possible to monitor traders and ordinary users’ wallets.

RESOURCES
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