Parex is a community-driven DAO(Decentralized Autonomous Organization) that has developed an innovative and community-driven DAO ecosystem by its ParexChain, Parex pockets, RaccoonSwap, Change and different decentralized purposes. The core features offered by Parex include the ParexChain – that is an ecosystem created for the community and with full DAO structure, Parex Mining – where users can produce defeating inflation with Parex’s unique mining mechanism and the ability to buy and sell cryptocurrency. This feature allows buyers and sellers to make transactions on the Parex market without their identity information in a manner that is both fast and supported by PEP20 – ParexChain.
Parex has recently secured $6.5 million in a strategic funding round from Bitgert Ventures – the funding arm of the cryptocurrency Change Bitgert and DWF Labs. DWF Labs offered $3 million while Bitgert Ventures offered $3.5 million. Parex will utilize the capital acquired in this financing round to speed up its efforts to create an environment friendly DeFi(Decentralized Finance) and DAO ecosystem. Additionally, part of the funding will likely be used to mine and assist Parex mining.
Liam Antony, the CEO of Parex, has expressed his pride in DWF Labs and Bitgert Ventures as the two significant investors who have faith in Parex’s promising future. He further noted that the company is committed to developing innovative blockchain solutions that prioritize community involvement and reduce inflation. In his statement, he added that with the support and expertise from investors in this round, the firm is even stronger as it gears up towards the launch of PEP20 Mainnet. While at it, he also revealed that the firm will soon be announcing the testnet of the PEP-20 blockchain infrastructure and launch a massive AIRDROP campaign.
With the identityless web3 and decentralized blockchain ecosystem offered by Parex, users can trade securely on the Parex market and enjoy the benefits and perks as a result of being a member of the ecosystem. Parex has a decentralized application that can be downloaded onto mobile devices and supported by both IOS and Android OS. The app has since its launch, seen more than 40K installations .
The applications boasts of many structural features including security, power, ability to easily sort, classify and search, collaboration and decentralization, identityless and detailed.
