By HM - MN.Investments content producer, Midas.Investments
Midas announces the listing of Parq (PARQ) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is PARQ and what does it offer?
Bitcoin is without a doubt the king of cryptocurrency and almost universally accepted within the cryptosphere. A few merchants are already accepting Bitcoin payment but this is still very limited. The Parq ecosystem attempts to bridge the two worlds of crypto and traditional financial payment together by implementing its own blockchain network with cashback feature.
It is unclear how the conversion can be accomplished at this point, but the Parq network and its native coin PARQ will be involved in the middle somewhere. One of the primary use case for Parq is the payment service. According to the whitepaper, you will have a PARQ card and a digital wallet to use for retail products or services purchasing. It is unclear if you can deposit other cryptocurrencies or fiat into the platform or not. However, it appears that you may be able to withdraw your funds in fiat currency.
The notable feature, and the selling point of this project, is the fact that you can receive “cash back” when you go shopping. Obviously, the more you spend, the more cash in the form of PARQ coins you are going to get back. You can receive extra rewards from referal programs and companies in partnership with the platform. Your loyalty will be rewarded as well - more cashback for more PARQ holding in your wallet (as I understand it, this is different from MN and staking rewards).
For businesses, they will have access to Parq customer base and will not be charged. However, they may have to pay a percentage of the cashback to Parq subjected to agreement from both sides. Other services available for a fee include internal marketing, placement on banners, and participation in PARQ projects.
PARQ coin is powered by the proof-of-stake consensus algorithm and a network of masternodes. The usual way of earning PARQ (other than MN rewards) is available such as airdrops, translation or invite bounties. Needless to say, the value of this coin depends highly on robust business development and outreach activities.
Team is anonymous.
Where can I purchase PARQ?
Presale: completed (30 nodes sold at 0.5 BTC each)
Total supply: 9,000,000
Consensus algorithm: Quark/MN/proof-of-stake
Masternode collateral: 1000
Block time: 60 seconds
Block reward: variable rewards depending on block heights with MN/PoS split of 85/15
Can I get more information about PARQ?
Why have Midas offered Parq (PARQ) to our community?
Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.