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View ChartParex (PRX) is the native token of the Parex Network, a user-centric Web3 and DAO ecosystem built on the BNB Chain as a BEP20 token. The project positions itself as a self-sovereign blockchain and distributed system featuring on-chain governance, EVM compatibility, and interoperability with Ethereum Mainnet and other networks. Parex operates as a decentralized exchange platform with a mining production mechanism, where PRX tokens are generated through active user participation. The token has a total supply of approximately 41.51 million PRX and a maximum supply of 77 million PRX, with roughly 13.66 million PRX in circulation. The project was launched in 2021 according to Yahoo Finance, while the overview lists 2022-01-26 as the launch date. It introduced its community-driven Parex Chain in December 2022, emphasizing decentralized infrastructure as an alternative to centralized exchange models.
The project has not published a widely documented founding team. Team and founder information is available through TokenInsight. The platform's governance is structured as a DAO, which distributes decision-making power to its user community through on-chain governance mechanisms.
Parex operates as a decentralized exchange platform functioning like a Web3 environment, with an in-built PRX token that is unique to its mining production mechanism. The network is built on a self-sovereign blockchain architecture that is EVM-compatible, meaning it supports all existing Ethereum tooling while offering faster finality and reasonable transaction fees. A standout feature is the Proof of Interoperability mechanism, which facilitates seamless bridges between Parex and other blockchain networks, including Polygon, BEP20, Ethereum, Polkadot, and Avax. The platform uses the PEP-2 | PEP-20 protocol for its production network. Upon the PRX token's entry into production, it is immediately burned, removing it from circulation and helping regulate the token's supply. The Parex Chain is structured to be fast, efficient, and completely community-driven, with all income collected on the chain distributed back to the community. Security infrastructure is built on blockchain technology, supported by trusted hardware wallets and additional measures. According to the whitepaper, Parex Smart Chain is described as a scalable, secure, and energy-efficient blockchain that combines research results and engineering practice.
Parex distinguishes itself through several key features. Its Proof of Interoperability mechanism enables seamless bridges between Parex and other blockchain networks, enhancing the fluidity and flexibility of PRX tokens across various ecosystems, which is crucial in today's fragmented blockchain landscape. The token burning mechanism, where every PRX token used for production is burned and removed from circulation, serves as a supportive method for managing inflation within the ecosystem. Burning reduces circulating supply, but it does not guarantee price stability; PRX remains highly volatile and speculative. The Parex Chain is completely community-driven, with all income collected on the chain distributed back to the community, reflecting a strong commitment to decentralized governance. Additionally, Parex diversifies its portfolio by investing in real estate companies and properties through a mutual fund, broadening its investment horizon and providing a tangible asset base. The project's DAO model allows users to actively engage in platform governance and directly influence decision-making processes, prioritizing user freedom and security.
The PRX token serves multiple functions within the Parex ecosystem. It is used for mining and proof of interoperability with various networks. In the mining process, PRX tokens are burned to produce new tokens, contributing to the ecosystem's inflation management strategy. The token is instrumental in the Proof of Interoperability mechanism, allowing PRX to establish interoperable bridges with many networks. The token powers various ecosystem products including the Wallet, Exchange, App, Swap, Chain, Web3, dApp, and Parex Market, which facilitates inter-network transfers at low fees and swiftly. The token's utility is tightly linked to the active participation and contribution of users in the network's mining activities.
The Parex ecosystem encompasses various products including Wallet, Exchange, App, Swap, Chain, Web3, dApp, and Parex Market. The project's whitepaper is dated Feb 14, 2022. It describes a new decentralized exchange with an in-built PRX token unique to the mining production mechanism. In December 2022, Parex launched the community-driven, decentralized, fast, and secure blockchain network "Parex Chain," providing an alternative with the potential to overcome the crises that centralized exchanges face. The platform invests in real estate companies and properties through a mutual fund, broadening its investment horizon. Parex is listed with a DWF Labs Portfolio tag and is categorized under Cross-Chain Infrastructure, DeFi, and DAO. The project maintains a presence on CoinMarketCap with features including token info updates, token unlocks submission, and a community badge claim option. The ecosystem continues to emphasize community orientation, encouraging trust-building and collaborative problem-solving within its user base.
Parex (PRX) is generated through a mining production mechanism that is tightly linked to the active participation and contribution of users in the network's mining activities. The mining process involves burning PRX tokens to produce new tokens, which serves as a supportive method for managing inflation within the ecosystem. Every PRX token used for production is immediately burned and removed from circulation, helping regulate the token's supply. The mining mechanism is integral to the Proof of Interoperability system, allowing the PRX token to establish interoperable bridges with many networks. Parex Packages can be made with 1,000 PRXs, and creating a Private Cloud PRX Package can be done with 1/1 to 1,000 PRX, with a fee required for this transaction. This approach ensures that the token's existence is tightly linked to the active participation and contribution of its users in the network's mining activities.
Parex's security infrastructure is built on the foundation of blockchain technology, supported by the use of trusted hardware wallets and enhanced by additional measures. To keep your PRX tokens safe, use hardware wallets for cold storage of significant holdings, as they provide an extra layer of security against online threats. Since PRX is a BEP20 token on the BNB Chain, ensure your wallet supports BEP20 tokens and verify the smart contract address before any transaction. Keep your private keys and seed phrases secure and never share them with anyone. Be cautious of phishing attempts and only interact with official Parex Network platforms and verified smart contracts. Given the limited public documentation of the founding team, exercise additional diligence and consider diversifying your holdings. Regularly update your wallet software and enable all available security features such as two-factor authentication where applicable.
PRX may be listed on select exchanges; check that any venue you use is reputable and regulated, and never share your private keys or seed phrase.
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TradeAs of right now, the live price of Parex (PRX) is C$0.001412. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PRX to USD rate at the top of BTCC’s price page. In terms of market scope, Parex records a 24h trading volume of C$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$19.291147K. Its current circulating supply stands at 13.66M out of a maximum supply cap of 77M.
The price volatility of Parex (PRX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (13.66M) to max supply (77M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Parex (PRX) hit an all-time high (ATH) of C$7.079803 on 2022-03-27 11:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.000282 on 2026-03-02 15:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading PRX futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PRXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Parex, simply log into your BTCC account with USDT margin available, navigate to the PRXUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for PRXUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.001412), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for PRXUSDT with zero financial risk.
Trading Parex (PRX) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for PRXUSDT, and review its live price (C$0.001412) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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