#ParexChain exists with the #DAO ecosystem. #PEP20 continues to take shape. ⛓ In this context, we are proud to share the ParexChain Whitepaper v1.0. Soon festivities. ❤️🥳

parex.market

🔰🔰WHAT IS PAREX ECOSYSTEM?🔰🔰 Parex is a huge ecosystem. ⛓ It's taking shape. 🧠 **wallet, exchange, app, swap, chain, coin, web3, dapp and more. 🤝Shaped in the first quarter of 2021 and implemented in the third quarter, Parex has a completely decentralized structure and stands out with its community power. 🔗🔗Parex operates through bridges built across four different blockchain networks. 👷‍♀️👷🏼Parex Coin miners decide the total supply of Parex and its distribution on different chains. In this way, Parex is managed with a decentralized autonomous organization (DAO) model.💪 🛠The utility coin of this ecosystem 💎PRX, is only produced on the NODE through mining.⛏ 🙅🏽🙅🏻‍♀️No pre-sales such as ICO/IDO have been made. All PRX is in the hands of the community. The team does not have PRX. 🔥🚀To mine Parex, you need to burn certain amounts of PRX. It has a unique algorithm with its deflationary structure and its supply is limited.🚀🔥 💪Chain continues its existence with firm steps thanks to its usage areas such as market and mining.💪 ⚖️Parex Chain, a Distributed Blockchain system running on the EVM, also operates entirely with DAO processes. 🌪With a speed of 15,000 TPS, it advances in a common competitive field with its competitors. 🔄FEE costs collected on ParexChain, which offers layer1 and layer2 solutions with its scalable structure, are also shared with the community.

💎🛠👷‍♀️MINING STEPS👷🏼🛠💎 🔺For the mining packages detailed below, the required amount of PRX must be available in the wallet. 🔻You can get PRX from the Parex Market or transfer it from the exchanges where it is listed. ✔️Login to the PAREX MARKET application. ✔️Click the MY CLOUD button on the main screen. Proceed with the package option that suits you by observing the following explanations on the screen that comes up. ✔️PACKAGE RATE section opens when CLOUD PARTNER is selected under PACKAGE TYPE. You can proceed with the stakeholder ratio you find appropriate. The amount of PRX required to make a mining package: 1/2 👉 500 PRX + 5 PRX (fee) = 505 PRX✅ 1/4 👉 250 PRX + 2 PRX (fee) = 252 PRX✅ 1/10 👉 100 PRX + 1 PRX (fee) = 101 PRX✅ 1/20 👉 50 PRX + 0,5 PRX (fee) = 50,5 PRX✅ ✔️When CLOUD TRACKER is selected under PACKAGE TYPE, the stakeholder is no longer involved. PUBLIC should be selected if the necessary technical services will be provided through a MASTER TRACKER, and PRIVATE should be selected if the miner will undertake the necessary technical infrastructure himself. The amount of PRX required to make a one-piece mining package: 👉 1000 PRX + 10 PRX = 1010 PRX 🗒Note: When creating a package (if any), you can create a discount package by entering the current discount codes in the I HAVE DISCOUNT CODE section. 🔥PRX mining packages produce for 365 days. The PRXs used for package making are sent to the Burn wallet (CX00000000000000000000000000000000) and are burned.🔥 🌾PRXs produced for 365 days are reflected in the collect wallet in every time zone. 🌾Your savings can be viewed on the COLLECT tab in MY CLOUD.🔍 🔺Note: You can make all calculations related to mining packages from the CALCULATION section of the application main screen. ➕➖➗

parex.market

❔🔰HOW IS PAREX MINING DONE? 🔰❔ ▪️PAREX MINING has been planned for the expectations and needs of miner candidates at different levels. ▫️In total, MINING is done with packages containing 1000 PRX each. In all mining options, a NODE is established on the network, an uninterrupted transaction flow is created, and this DISTRIBUTED system operation contributes to decentralization in accordance with the nature of the ecosystem. ▪️Therefore, there are sustainable technical and economic requirements for the operation of mining packages. ▫️The miner candidate who does not want to deal with these requirements can start mining as 1/20 - 1/10 - 1/4 or 1/2 stakeholder of a 1000 package or can create a 1000 PRX package alone. In both these cases, an appropriate NODE, offered by the MAIN VALIDATERS instead of the miner candidate, initiates the mining process. ▪️In return, the MAIN VALIDATE providing the NODE service earns a FEE, with a maximum of 18% over the miner's income. Fee deductions are updated every HALVING period for the benefit of miners. ▫️If the miner candidate has the necessary technical knowledge and equipment, he can hold a NODE himself. Thus, apart from technical costs, it can be connected to any pool by paying the lowest FEE available.

parex.market

⚠️⚠️THINGS TO CONSIDER WHEN OPENING AN ACCOUNT IN PAREX MARKET APPLICATION⚠️⚠️ 🔰Due to its decentralization, Parex Market, which does not ask for phone, e-mail and identity information from you, cannot reach its users by e-mail or telephone. 🎯As with all applications based on the Self-Custody principle, PAREX MARKET expects its users to personally ensure their own security. 🔐For this reason, it is important to keep your Private Key and Seed Phrase in more than one safe place, if possible, in order to access your account when necessary. 📝