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The current real-time price of PARA is $0.0{5}6110. In the past 24 hours, PARA has traded between $0.0{5}6111 and $0.0{5}6111, showing strong market activity. The all-time high of PARA is $0.0020, and the all-time low is $0.0{6}5404.
From a short-term perspective, the price change of PARA over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of PARA on LBank.-14.57%
The live price of PARA today is $0.0{5}6110, with a current market cap of $221.134K. The 24-hour trading volume is 4K. The price of PARA to USD is updated in real time.
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Before deciding whether to buy or sell PARA, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PARA technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PARA.
How much will PARA be worth tomorrow, next week, or next month in ? What about your PARA assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PARA Price Prediction
To learn more about PARA, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x3f4b...1f2766  | 13.807B | 27.62% |
ethereum | 0xa600...5254e3 | 13.638B | 27.28% |
ethereum | 0x8a9f...fd6879 | 3.432B | 6.87% |
ethereum | 0xdba6...c25caf | 1.500B | 3% |
ethereum | 0xbcc9...a335ff | 759.082M | 1.52% |
Other | 16.861B | 33.72% |
PARA serves as the native utility and governance token for Parallel Finance. It is used for voting on protocol proposals, paying transaction fees on the network, and staking. Staking PARA allows users to secure the network and earn a share of the protocol fees generated by the DeFi platform.
Parallel Finance offers a liquid staking solution where users can stake assets like DOT. Upon staking, users receive liquid derivatives, such as cDOT, which represent their underlying stake. This allows users to remain liquid and participate in other DeFi activities while simultaneously earning staking rewards.
Users who contributed DOT to Parallel Finance’s successful parachain auction receive PARA rewards. These tokens are typically distributed according to a predetermined vesting schedule, which ensures a gradual release of tokens into the ecosystem over the duration of the parachain lease.
The Ethereum-based PARA project focuses on supporting veteran-related charities. A portion of the project's transaction taxes or profits is allocated to organizations like Convoy of Hope. This community-driven model integrates social impact directly into the token's ecosystem to provide aid to veterans.
The community-led PARA token recently implemented a contract migration to upgrade its infrastructure. Token holders are required to swap their legacy tokens for the new contract version. It is vital to use the official contract address found on LBank or verified tracking sites to avoid potential scams during the swap.
Investors can review the total and circulating supply of PARA on major tracking platforms or via LBank. For security, it is recommended to check if the project has undergone professional smart contract audits and to verify the team's transparency through official whitepapers and verified community channels.
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