Krypital Group Announced Completion of Its Strategic Investment in PARSIQ

PARSIQ Project Introduction

PARSIQ is a blockchain data monitoring and workflow automation service crypto project founded in 2018. The project team members have extensive experience working in the blockchain space. Since the team found that most blockchain databases are not as well connected to the outside world as they should be, they wanted to fix this issue by building and optimizing the infrastructure to interact with blockchain data.

PARSIQ is positioned as the “Zapier of the blockchain world” which allows users (including individuals, companies, and enterprises) to monitor any event on various blockchains and applications in real-time and at scale. Moreover, PARSIQ can link these events to applications such as any off-chain application or device through a customized trigger mechanism scenario to empower workflow automation.

PARSIQ enables users to monitor and analyze endless streams of blockchain data and quickly build an ecosystem by integrating multiple large blockchains. PARSIQ provides tools with automation and deep analysis capabilities for real-time monitoring of blockchains at scale. Users can link these events to application scenarios such as any off-chain application or device through PARSIQ’s own custom trigger mechanism. As a result, an automated interconnection of the blockchain with off-chain applications and devices and easier integration of blockchain infrastructure into existing business can be enabled.

PARSIQ uses a proprietary ParsiIQL programming language that allows users to monitor and decode endless streams of data on the blockchain. In addition, the wallets of traders and regular users alike can be monitored in a private way. PARSIQ is ideally suited for users and institutions that need real-time actionable information to assist them in making decisions, whether it’s trading decisions, potential asset theft, monitoring liquidity pools or datasets to optimize their ROI, ensuring funds are not coming from blacklisted wallets, and remaining compliant with AML and KYT procedures, among others.

PARSIQ Products and Application Scenarios

PARSIQ can be used in a variety of scenarios, including real-time monitoring and fraud prevention tracking, alerting exceptions (Mempool tools), following relevant blockchain projects in real-time and tracking their changes, and collecting and integrating on-chain data to enable off-chain business processes (risk management, market intelligence, etc.).

1）Smart Triggers

“If — This — Then — That”

PARSIQ brings smart triggers to the crypto world, allowing real-time on-chain events to trigger off-chain actions, giving developers the possibility to automate workflows, creating endless ways to interact with real-world applications, and maximizing possibilities while focusing on cost efficiency.

Traders use it to monitor the activity of whales, react to buying spikes, and arbitrage ahead of everyone else. Developers can use it to run production tests of dapps or build back-end programs for exchanges. Also, companies can use it for compliance, risk monitoring, automated accounting, and more.

Smart triggers can track on-chain whale movements, pre-mined token transfers, token swap transactions, and other blockchain events of interest to users. After an event occurs, PARSIQ can notify users in Telegram or place all data in a Google spreadsheet for analysis. In addition, users will subsequently be allowed to build trading bots on their platform and automatically make trades based on the information received from PARSIQ. Traders do not need to know how to write code to create these bots, so PARSIQ is certainly a great tool for those traders who are not very tech-savvy.

2）PARSIQ Ncase

Ncase is a wallet deployment system that allows users to deploy blockchain wallets at minimal cost. In fact, almost every company that accepts and processes cryptocurrencies needs an advanced back-end system to handle different wallets that store different assets for each individual customer. Typically, such systems require significant investments in infrastructure and have high operational costs. However, PARSIQ has developed a way to deploy unique wallet systems at minimal cost, fixing the issue of accepting cryptocurrencies for cryptocurrency transactions.

PARSIQ User Scale

Currently PARSIQ has over 40,000 registered users and has integrated with the mainstream blockchain public chain protocols on the market. PARSIQ business partners include BinanceX and well-known public chains including: Celo, Algorand, Bitfury, Chainlink, Solana, Moon Capital, Cryptorank, Coinlist, BlockVis, European Crypto Association, etc. It also has more than dozens of institutional paid subscribers in industries ranging from digital exchanges, payment processors, stablecoin platforms, trading desks, wallet providers, some hedge funds, and family asset management offices.

In 2021, PARSIQ will also release products and services including IQ protocol, ParsiQL 2.0, retroactive triggers, reverse triggers, and more. The PARSIQ project already has a very successful track record of effective products, a large user base, institutional paying users, and an increasing number of project partnerships and integrations. We believe that with the iterative upgrade of the product, PRQ passwords will not only be a simple governance token, but will further integrate payment, transaction, lending, and other application scenarios.

Apart from Krypital Group, PARSIQ has also received backing from the Solana Foundation and participation from leading VCs such as Axia8 Ventures, Mindworks VC, CoinUnited, Transfero Swiss, Elevate Ventures, and Sanctum Ventures. Evan Cheng, Director of Research at Facebook’s Novi Financial (formerly Calibra), also joined the round as an individual investor. As a strategic investor of PARSIQ, Krypital will help PARSIQ get to the forefront of blockchain real-time data intelligence platforms, so that PARSIQ can achieve better results in the future!

About Krypital Group

Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end to end services such as project incubation, brand management and technical advisory. To date, Krypital Group’s investmentsand incubated projects are valued at over $1 billion.

📰 INFO

https://medium.com/krypital/parsiq-a-real-time-blockchain-data-intelligence-platfor-133da8644ce8