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View ChartParibus (PBX) is a cross-chain borrowing and lending protocol designed for both traditional and non-traditional digital assets. Unlike conventional DeFi lending platforms that focus primarily on fungible tokens, Paribus extends its scope to real-world assets (RWAs), non-fungible tokens (NFTs), liquidity positions (LPs), and synthetic assets. The protocol is governed by its native utility token, PBX, and is powered by the Cardano ecosystem according to third-party descriptions. Paribus aims to enhance interoperability within decentralized finance by making lending and borrowing more accessible and efficient across multiple blockchain networks. The platform was launched in August 2021, with its Token Generation Event completed on September 16, 2021. PBX has a maximum supply of 10 billion tokens, with approximately 7.51 billion in circulation based on major market data aggregators.
Paribus was founded by Wesley Ian, who serves as Founder and CEO of Paribus Group according to company profile data. The project has made public governance decisions through its core team. However, detailed public information about the broader team structure is currently limited. Some ecosystem trackers note that Paribus does not have publicly listed team members, and ICO Drops lists no individual team members for the project. The project raised a total of $997,000 across multiple funding rounds, with participation from investors including Foundation Capital, General Catalyst, x21 Digital, ZBS Capital, cFund, Moonwhale Ventures, PARSIQ, 1010 Capital, Fractal ID, Genesis Shards, and Greylock. The seed round ended in Q2 2021 at a price of $0.0002, raising $280,000, while the private round raised $567,000 at $0.00027. An IDO on CardStarter concluded on August 27, 2021, raising $150,000 at $0.0003 per token.
Paribus operates as a multi-collateral cross-chain borrowing and lending protocol. Users can supply various types of digital assets as collateral, including NFTs, liquidity position tokens, synthetic assets, and real-world assets, to borrow other supported assets. The protocol introduces a mechanism called Market Data Driven Interest Rates, which allows for dynamic and responsive interest rate adjustments based on real-time market data. This approach aims to provide rates that accurately reflect current market conditions for both lenders and borrowers. Additionally, Paribus implements a partial liquidations mechanism, a safety feature that allows partial repayment of loans during market downturns rather than triggering a full liquidation. The protocol also features a Cross-Chain Router Protocol announced in September 2022, which supports interoperability of tokens, NFTs, and general assets across different blockchain networks.
Paribus distinguishes itself in the DeFi lending space through several key features. Its support for non-traditional collateral types, including NFTs, liquidity positions, and real-world assets, sets it apart from conventional lending protocols that primarily accept fungible tokens. The Market Data Driven Interest Rates system provides more responsive and accurate rate adjustments compared to static or algorithmically fixed models. The partial liquidations mechanism reduces risk for borrowers by avoiding full liquidation events during market volatility. Furthermore, the Cross-Chain Router Protocol enables interoperability across multiple blockchain networks, enhancing the protocol's utility and reach. Paribus is also positioned within the Cardano ecosystem, where it ranks among the top projects by fully diluted valuation. These features collectively aim to make DeFi lending more flexible, secure, and accessible to a broader range of asset holders.
The PBX token serves as the utility and governance token for the Paribus platform. Holders of PBX can participate in governance decisions that shape the protocol's future direction and operational parameters. The token is integral to the platform's lending and borrowing ecosystem, which facilitates cross-chain transactions involving NFTs, liquidity positions, synthetic assets, real-world assets, and LP tokens. Paribus enables users to unlock liquidity from assets that are typically illiquid or difficult to use as collateral in traditional DeFi protocols. The platform supports trading on various venues and is available on multiple blockchain networks. PBX can be traded against various fiat currencies including USD, EUR, AUD, BRL, CAD, GBP, HKD, RUB, SGD, TWD, and KRW on supported platforms.
The Paribus ecosystem has seen several notable developments since its launch. In September 2022, the project announced a multichain integration and partnership alongside the introduction of its Cross-Chain Router Protocol. The protocol became available on Minswap DEX on the Cardano blockchain in November 2022, expanding its accessibility to Cardano users. Paribus has also announced plans to list on additional trading platforms to reach new markets. According to a recent official update, the core team has decided that Paribus will remain live and operate on its current code indefinitely, though business development activities have been adjusted. The project maintains an active community presence through its official social media channels and engages its community in security efforts. Documentation regarding supply and distribution was updated in August 2024, reflecting the project's ongoing commitment to transparency.
Paribus does not operate on a traditional mining model, as it is a DeFi protocol token rather than a mineable cryptocurrency. PBX tokens were initially distributed through a Token Generation Event and various funding rounds including seed, private, and public IDO rounds. The token does not require mining equipment or energy-intensive proof-of-work computations. Instead, participants can acquire PBX through supported trading venues or potentially earn tokens through participation in the Paribus lending and borrowing ecosystem. Detailed information about specific earning mechanisms or staking programs is currently limited in publicly available resources. Users interested in acquiring PBX should explore the available trading markets and official project channels for the most current information on token distribution and utility.
Securing PBX tokens requires adherence to general cryptocurrency security best practices. Paribus itself employs a multifaceted security approach including PCI scanning and SSL encryption to protect data transmission, pseudonymization techniques for personal data, strict internal data access restrictions, and rigorous physical access controls. For individual holders, using hardware wallets for long-term storage is recommended, as these devices keep private keys offline and away from potential online threats. When interacting with the Paribus protocol or any DeFi platform, users should verify contract addresses and official website URLs to avoid phishing attempts. Enabling two-factor authentication on exchange accounts and using unique, strong passwords add additional layers of protection. It is also advisable to conduct thorough research before participating in any DeFi protocol, as the space carries inherent risks including smart contract vulnerabilities and market volatility. Paribus engages its community in security efforts, and users are encouraged to stay informed through official channels.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PBX are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Paribus (PBX) is $0.000009881263604010.059881. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PBX to USD rate at the top of BTCC’s price page. In terms of market scope, Paribus records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $74.226187K. Its current circulating supply stands at 7.51B out of a maximum supply cap of ∞.
The price volatility of Paribus (PBX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (7.51B) to max supply (∞), 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, Paribus (PBX) hit an all-time high (ATH) of $0.041996 on 2021-10-31 08:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2021-09-16 10:25. 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 PBX 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 ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PBXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Paribus, simply log into your BTCC account with USDT margin available, navigate to the PBXUSDT 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 PBXUSDT 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: $0.000009881263604010.059881), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for PBXUSDT with zero financial risk.
Trading Paribus (PBX) 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 PBXUSDT, and review its live price ($0.000009881263604010.059881) 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.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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