PARSIQ, a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time, has just announced it has launched a 1 million $PRQ Incentive Program for IQ pool participants, according to the press release shared with iHodl.
This can be considered as a milestone for the PARSIQ ecosystem because IQ protocol is the most recent addition to PARSIQ's blockchain suite.
Now, the holders of the project's native token PRQ, which has been listed on OKEx since January 2021 and KuCoin since May 2021, can lend tokens to platform participants and get additional rewards.
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Holders of the native PRQ token can stake their assets through the IQ Protocol liquidity pools. As a result, the project introduces a new utility for the $PRQ token at the same time that it creates an incentive for token holders to keep their earnings for a longer period of time.
Tom Tirman, CEO of PARSIQ, explains:
"The IQ Protocol has been a product which we’ve been working on for some time, and we’re excited to be able to announce it alongside this 1m $PRQ incentive program. We believe the lending/borrowing feature will provide additional value for PRQ holders and our SaaS users."