THELOGICALINDIAN - Led by accomplished and awful able blockchain professionals PARSIQ a realtime blockchain ecology and workflow automation belvedere that connects onchain and offchain solutions has accustomed itself as a key contributor to blockchain basement solutions
Founded in 2018, the aggregation abaft PARSIQ has spent ample time and accomplishment to assuredly cycle out IQ Protocol, a absolutely new technology for the decentralized accounts (DeFi) ecosystem. Following a acknowledged testnet barrage on Ethereum, the IQ Protocol mainnet barrage began on June 30, 2021.
IQ Protocol’s addition comes afterwards a acknowledged alpha to the year for the PARSIQ team. Days afore the mainnet release, PARSIQ aloft $3 million from its allotment annular led by the Solana Foundation and Axia8 Ventures, appearance the aboriginal time the aggregation fundraised alfresco of its 2019 badge auction and accent the protocol’s potential.
IQ Protocol is accordant with several blockchains and protocols, including Ethereum, Polkadot, Solana, Binance Smart Chain, Algorand, Aave, Elrond, and abounding more. Built by PARSIQ and ally from the arena up, the IQ Protocol connects blockchains to off-chain solutions.
Owing to the absolute apartment of acute accoutrement that affix blockchain action to real-world abstracts and the acknowledged barrage of the IQ Protocol, PARSIQ cements itself as a applicable band-aid that sets the foundation of blockchain-based software-as-a-service (SaaS) cable economy.
Take Elrond, a blockchain agreement that offers alarming transaction speeds via sharding. The arrangement has afresh partnered with PARSIQ to add abutment for basal antithesis and badge transfers, acute arrangement monitoring, and several added avant-garde appearance on the Elrond Network.
IQ Protocol has acquired drive as the arch that connects Web 3.0 to Web 2.0, with eight able projects already lined up to advancement their business models and tokenomics through closing deployment. IQ Protocol offers developers the abandon to adapt badge models tailored for different appearance and use cases as a decentralized and open-source solution.
By enabling developers to tokenize absolute assets, decentralized apps (dApps) leveraging the agreement accretion the befalling to cycle out decentralized subscriptions, carrying a new adequacy ahead absent in the DeFi ecosystem.
The aggregation abaft PARSIQ and its ally accept created IQ Protocol as a blockchain doubter band-aid that allows anyone to apparatus cable models on-chain in a adjustable and cost-effective architecture while advancement all able workflows of the SaaS business archetypal via the abstraction of PowerTokens.
Unlike account tokens, anniversary PowerToken comes with a pre-assigned lifetime amount (LTV). Businesses can tokenize their articles and casework application the IQ protocol, introducing custom tokenomics advised to symbiotically serve the interests of consumers and account providers. In addition, users can opt to borrow or hire PRQ for a fee from IQ Agreement after announcement any collateral, introducing the aboriginal collateral-free lending band-aid aural the DeFi ecosystem that is different to IQ Protocol.
IQ Protocol combines the adaptability of SaaS with DeFi, alms an calmly attainable and cost-efficient band-aid for businesses accommodating to body blockchain SaaS models via tokenization of articles and casework for on-chain consumption.
Take, for instance, the growing Play-to-Earn (P2E) gaming area aural the blockchain ecosystem. With IQ Protocol, bold developers can acquaint absolutely customized tokenomics to action added amount to users. For example, the concepts of alternating purchases of in-game assets, account passes, acquaintance points, and added can be handled with PowerTokens.
By allotment a specific amount for a assertive aeon on anniversary token, developers can add a deluge of new incentives while alms users the advantage to alleviate in-game assets for a pre-defined time. Additionally, users can monetize these in-game assets or tokens by trading them in accessory marketplaces.
Beyond its appliance to play-to-earn gaming, IQ Protocol may additionally potentially agitate the NFT-based in-game asset bazaar via its certain renting pools. Instead of absolute affairs an NFT, absorbed users can hire an NFT for a bound time by advantageous a nominal fee.
As an open-source and decentralized solution, IQ Protocol can serve abounding value-added altered purposes beyond a ample ambit of industries acknowledgment to its congenital adeptness to arch blockchain technology and off-chain business models.
Between Smart Triggers, affinity with able networks and platforms, adjustable tokenomics, and a apartment of trading and ecology tools, IQ Protocol has anchored itself as a able band-aid readily able to abutment abundant real-world use cases.
