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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. Launched in early 2022, the project introduced its community-driven Parex Chain in December 2022, emphasizing decentralized infrastructure as an alternative to centralized exchange models.
The creators of Parex (PRX) remain unknown. Despite extensive research, information about the creators of Parex (PRX) could not be found. The project operates without a publicly identified founding team or core developers. This anonymity is a notable characteristic of the project and should be taken into consideration by potential participants. The platform's governance is structured as a DAO, which may partially compensate for the lack of a known leadership team by distributing 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.
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. 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. 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 the transaction. 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 PRX token supply is described as very limited, and its 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 was officially announced on March 23, 2022, as 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 and potentially stabilizing its value over time. 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 creator anonymity associated with the project, 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 is a cryptocurrency that may be listed on select exchanges. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.
Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
Deposit Funds: Deposit fiat currency via bank transfer, card, or third-party payment, or transfer USDT from an external wallet into your BTCC account.
Start Trading: Go to the trading page and search for the spot trading pair PRX/USDT or the perpetual contract PRXUSDT.
Place an Order: Enter the amount of PRX you wish to purchase and submit the order. For contract trading, you can also choose to go short and adjust the leverage multiplier according to your strategy and risk tolerance.
Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Parex products that suit your trading style
PRXUSDTZero slippage, ultra-fast matching, supports large spot transactions seamlessly, ideal for long-term asset allocation and spot accumulation.
TradeAs of right now, the live price of Parex (PRX) is $0.001. 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 $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $13.662286K. 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 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 $5.014025 on 2022-03-27 11:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.0002 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 ($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: $0.001), you can practice 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 ($0.001) 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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