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View ChartPARSIQ (PRQ) is a blockchain monitoring and automation platform designed to serve as a bridge between blockchain networks and off-chain applications. It provides Web3 developers with user-friendly development tools and aims to become a full-suite data network for building the backend of dApps and protocols across all of Web3. PARSIQ is also the team behind Reactive Network, described as the first parallelized interoperability execution layer, which utilizes a new form of smart contract called Reactive Smart Contracts. These contracts can react to on-chain events autonomously and execute user-defined logic to initiate new transactions. The project launched in 2019 on the Ethereum platform as an ERC-20 token. Following token burns in February 2024, the total supply was reduced to approximately 310 million PRQ, with a maximum supply capped at 500 million tokens. PARSIQ has since rebranded to Reactive Network (REACT), with a 1:1 token migration announced for February 25, 2025.
PARSIQ was founded in 2018 by Anatoly Ressin and Andre Kalinowski. The core team includes Anatoly Ressin as Co-founder and Blockchain Architect, Andre Kalinowski as Co-founder and Digital Forensics Engineer, Tom Tirman as Co-Founder and CEO, and Rong Kai as Co-Founder. The project was officially launched in 2019. The founding team brought together expertise in blockchain architecture, digital forensics, and business leadership to build a platform focused on connecting blockchain networks with off-chain applications.
PARSIQ operates as a blockchain-neutral monitoring and intelligence platform. It serves as a bridge between blockchain networks and off-chain applications, enabling developers to deploy blockchain applications that transfer data. The platform provides high-speed data solutions that power the backends of dApps and protocols. Its core innovation includes Reactive Network, the first parallelized interoperability execution layer, which introduces Reactive Smart Contracts. These contracts are capable of reacting to on-chain events autonomously and executing their own user-defined logic to initiate new transactions. This architecture allows for automated, event-driven interactions between blockchain networks and external systems without requiring constant manual intervention.
PARSIQ distinguishes itself through its blockchain-neutral approach and its development of Reactive Network, which introduces a novel form of smart contract capable of autonomous, event-driven execution. The platform's ability to connect blockchain networks with off-chain applications addresses a critical need in Web3 infrastructure. PARSIQ has provided developers with user-friendly tools and aims to become the go-to data network for building dApp backends. The introduction of Reactive Smart Contracts represents an advancement in blockchain interactivity, allowing developers to create applications that respond to on-chain events in real time. Additionally, the project's transition to Reactive Network and the REACT token demonstrates an ongoing evolution of its technology stack.
PRQ tokens serve multiple functions within the PARSIQ ecosystem. On the PARSIQ platform, PRQ tokens are used to pay for services at a discounted rate. Within Reactive Network, PRQ can be used to access REACT, the token that fuels the Reactive Network ecosystem by acting as a native gas coin and rewarding network validators. The token also facilitates the upcoming migration to REACT at a 1:1 ratio, allowing existing holders to swap their PRQ tokens without lockups. The dual utility across both the original PARSIQ platform and the newer Reactive Network positions PRQ as a bridge between the project's established services and its next-generation infrastructure.
The PARSIQ ecosystem is undergoing a significant transition. The project has rebranded to Reactive Network (REACT), with a token migration from PRQ to REACT announced on February 20, 2025, and executed on February 25, 2025, at a 1:1 ratio. This migration allows existing PRQ holders to swap their tokens without lockups. PARSIQ continues to support developers through this transition. The ecosystem includes the original PARSIQ monitoring and automation platform as well as the newer Reactive Network with its Reactive Smart Contracts. PRQ is tracked and traded across numerous platforms, and the project maintains an active community presence with holders and community badges available on tracking platforms.
PARSIQ (PRQ) is an ERC-20 token issued on the Ethereum blockchain and is not mined through traditional proof-of-work mechanisms. There is no public mining process for PRQ. Token distribution occurred through the project's launch and subsequent ecosystem activities. Within Reactive Network, REACT serves as the native gas coin and is used to reward network validators, but specific staking or validation mechanics for PRQ itself are not publicly detailed. Holders participate in the ecosystem primarily through token utility and the migration process rather than through mining or staking rewards.
Since PRQ is an ERC-20 token on Ethereum, it can be stored in any wallet that supports Ethereum-based assets. Users should use reputable hardware wallets or well-established software wallets to secure their private keys. Never share private keys or seed phrases with anyone. When interacting with the PRQ contract, always verify the contract address: 0x362bc847a3a9637d3af6624eec853618a43ed7d2. Be cautious of phishing attempts and fake tokens mimicking PRQ, especially during the migration period to REACT. Always double-check URLs before connecting wallets, and consider using a separate wallet for interacting with decentralized applications. For long-term holding, hardware wallets offer the highest level of security against online threats.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PRQ 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 PARSIQ (PRQ) is $0.00043. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PRQ to USD rate at the top of BTCC’s price page. In terms of market scope, PARSIQ records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $133.41493K. Its current circulating supply stands at 310.26M out of a maximum supply cap of 500M.
The price volatility of PARSIQ (PRQ) 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 (310.26M) to max supply (500M), 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, PARSIQ (PRQ) hit an all-time high (ATH) of $2.607156 on 2021-04-12 03:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.00027 on 2026-06-08 09:05. 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 PRQ 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 PRQUSDT perpetual contracts support two-way trading. If you anticipate a price decline for PARSIQ, simply log into your BTCC account with USDT margin available, navigate to the PRQUSDT 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 PRQUSDT 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: $0.00043), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for PRQUSDT with zero financial risk.
Trading PARSIQ (PRQ) 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 PRQUSDT, and review its live price ($0.00043) 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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