Paralink is thrilled to announce its public sale IDO on the renowned decentralized auction protocol Polkastarter.
Paralink began as a vision to revolutionize the oracle systems across multiple blockchains. Since the project's launch, we have received an overwhelming response from the community on our product and its value propositions.
The Polkastarter IDO will take place in May. We will be releasing details on the whitelisting process, the number of whitelisted addresses, maximum allocation, and minimum allocation soon. To get the latest updates please follow our social media platforms.
The Solution to the Oracle Problem
Paralink is addressing one of the most critical issues in the nascent blockchain space today - the connectivity between real world data and smart contracts. Paralink is a parachain with oracle quorums for Polkadot, providing reliable and trustworthy data sources to other parachains, such as real-time price feeds for decentralized markets.
Without accurate, reliable and decentralized data feeds, blockchain applications such as prediction and derivatives markets cannot perform calculated actions as any corruption in price and data feeds can result in large financial losses.
Funding through oversubscribed private rounds
Paralink had concluded its strategic private funding rounds raising $2.8 million which were participated by industry leaders such as 3 commas, Hillrise Capital, Kenetic Capital, Morning Star, LD Capital, NGC Ventures, Bitcoin.com, Signal Ventures, Genblock Capital, Moonrock Capital, TRG Capital, Moonwhale and others.
With Paralink MVP getting closer and successful raises, we believed it was only fair to provide the community with an opportunity to be a part of our journey. This is why we had changed our initial stance of not having a public sale, and have gone forward with a public distribution sale on the permissionless auction platform, Polkastarter.
We hope this is just the beginning as we move towards a DeFi world without any data corruption and bootstrapped by Paralink’s multichain oracles.
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.
Paralink Network offers a multi-chain oracle platform for DeFi and other blockchain applications. Applications that require the highest degree of security can use Paralink's on-chain consensus algorithm, running on Polkadot Substrate. Paralink's flexible node design allows developers to query for real-world events, sports, weather, random numbers and more. Developers can create custom queries using Paralink Query Language (PQL) and connect smart contracts with traditional APIs within minutes.