ParexPrice(PRX)
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Parex (PRX) Price information (USD)
The current real-time price of PRX is $0.0240. In the past 24 hours, PRX has traded between $0.0200 and $0.0200, showing strong market activity. The all-time high of PRX is $4.96, and the all-time low is $0.0021.
From a short-term perspective, the price change of PRX over the past 1 hour is
Parex (PRX) Market Information
Parex (PRX) Today's Price
The live price of PRX today is $0.0240, with a current market cap of $421.144K. The 24-hour trading volume is 23K. The price of PRX to USD is updated in real time.
Parex (PRX) Price History (USD)
No data
What is PAREX (PRX)?
When is the right time to buy PRX? Should I buy or sell PRX now?
Before deciding whether to buy or sell PRX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PRX technical analysis can provide you with trading references.
Future price trend of PRX
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PRX.
How much will PRX be worth tomorrow, next week, or next month in ? What about your PRX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PRX Price Prediction
How to buy PAREX (PRX)
Convert PRX to local currency
PRX Resources
To learn more about PRX, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x4982...6e89cb  | 3.498M | 14.58% |
binance-smart-chain | 0xf72b...d9df85 | 1.003M | 4.18% |
binance-smart-chain | 0x5ae3...27abf2 | 673.293K | 2.81% |
binance-smart-chain | 0x0d07...b492fe | 608.529K | 2.54% |
binance-smart-chain | 0x4309...9de71e | 521.063K | 2.17% |
Other | 17.682M | 73.72% |
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PAREX (PRX) FAQ
What is Parex (PRX) and what makes its ecosystem unique?
Parex is a decentralized Web3 ecosystem that functions as both a Layer 1 blockchain and a decentralized exchange. It distinguishes itself through its "Proof of Interoperability" mechanism and the DRC-16 protocol. Unlike standard blockchains, Parex focuses on cross-chain integration, allowing for a self-sovereign infrastructure that facilitates seamless asset management across multiple networks. This dual-role as a network and a trading platform allows it to serve as a comprehensive hub for decentralized finance.
How does the PRX "Mining" mechanism work?
Unlike traditional Proof of Work systems that require physical hardware, PRX uses a protocol-based "production mechanism" governed by the DRC-16 standard. Users do not mine PRX with PCs or ASICs; instead, tokens are produced through a specific protocol where assets are often "burned" upon entry into the production phase. This method is designed to regulate the circulating supply and ensure that token creation is tied to ecosystem participation rather than raw computational power.
How do I bridge PRX between the Parex Chain and other networks?
Users can move their PRX tokens between the Parex Network (PEP20 standard) and other EVM-compatible networks, such as the BNB Chain, using the official Parex Bridge. This cross-chain tool allows for the swapping of tokens between different network standards. To complete a bridge transaction, users generally need to connect a compatible wallet and pay a small gas fee in PRX to facilitate the transfer.
What are the differences between Locked and Unlocked Staking in Parex?
Parex offers two distinct staking models to suit different user preferences. Locked Staking typically involves a 365-day commitment where tokens are held in the contract to earn rewards distributed on an hourly basis. In contrast, Unlocked Staking provides more flexibility, allowing users to withdraw their assets without a year-long commitment. However, Unlocked Staking includes a mandatory 9-day "cool-down" period that users must wait through before their tokens become accessible after initiating a withdrawal.
What is the purpose of the PRX burning mechanism?
The burning mechanism is a core part of the Parex deflationary model. When tokens are initiated into the production phase via the DRC-16 protocol, they are permanently removed from circulation. While the total maximum supply is fixed at 77 million, this burning process ensures that the circulating supply is actively managed. This strategy is intended to balance the ecosystem's growth and maintain the sustainability of the tokenomics over the long term.
Where can I trade PRX and which wallets are supported?
PRX can be traded on several platforms, including major centralized exchanges like LBank. For storage and on-chain interactions, users can use popular EVM-compatible wallets such as MetaMask or Trust Wallet. To view PRX balances across different networks, users simply need to add the specific contract addresses for the Parex Chain or other supported networks to their wallet interface.
