What is Parsec Finance? Parsec Finance is a new project in the Data Onchain segment, it brings products never before available on the market with a very intuitive interface that users can easily access and use.
So what is Parsec Finance? Let’s find hirut together in this article!
To understand more about Parsec, you can read more articles below:
- What is Arkham (ARKM)? Arkham Cryptocurrency Overview
- What is Oku Trade? Oku Trade Cryptocurrency Overview
Overview of Parsec Finance
What is Parsec Finance?
Parsec Finance is an Onchain Data market (Onchain Market), allowing users to access or view Onchain data on the platform under a front-end interface. Up to now, Parsec is supporting chains such as Ethereum, Arbitrum, Avalanche, Optimism, Canto.
To put it simply, Parsec Finance is like Dune Analytics. But instead of users having to code to query Onchain data, Parsec provides a much better experience by not needing to use code but only using options under the user interface.
Most Onchain data is available on Parsec and is updated in real time, almost instantaneously. Parsec supports data about NFT, DeFi, Address, Charts, Volume Trading,… and also FriendTech data. Most notably, Parsec brings a very new product, Charts Token for DeFi. This is something that no other Web 3 project has been able to do. Users can easily observe Token price charts on Parsec from price data of DEX exchanges. Although the interface or utilities are not as good as Tradingview, that problem can be improved.
If you don’t know how to create your own interfaces to view data, don’t worry. You can browse through looks that other users have created in the past and can follow them to see new products as they are released.
Mechanism of action
Parsec Finance brings to the market a product where any user can access Onchain Data with the most intuitive interface. In addition, you can also set up alerts for the data or price charts you monitor.
Currently, Parsec does business with upgraded account packages. Although users can use the platform for free, it will limit some features. To use more, you need to register for a more advanced package. And that is also the project’s revenue source.
Development Roadmap
Update…
Core Team
Will Sheehan: Founder
- In 2017, Will graduated with a Bachelor’s degree in Physics from Bates College.
- Since 2015, he has started working as Webmaster/Web Editor at Bates Student.
- In 2017, he moved to work as a Software Engineer for Citizen Hex.
- After nearly a year of working as a Freelance Software Engineer, he officially established Parsec Finance in 2020.
Investors
- January 28, 2021: Seed round successfully raised $1.25M led by Polychain Capital and participation from investors such as Robot Ventures, Volt Capital, Free Company, Eric Conner, Will Price.
- October 11, 2023: Seed round successfully raised $4M led by Galaxy and participation from, CMT Digital, Uniswap Labs Ventures, Robot Ventures.
Tokenomics
Update…
Exchanges
Update…
Information Channel of Parsec Finance
- Website: https://parsec.finance/
- Twitter: https://twitter.com/parsec_finance
- Blog:
Summary
So I have clarified what Parsec Finance is? Overview of cryptocurrency Parsec Finance. Hope the article brings a lot of useful information!
