What is PBX?
I've basically picked the bones from the website and got the best bits of info out for easier reading.
The website states its a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, powered by the Cardano blockchain.
So it's DeFi on Cardano? Next narrative is possibly Defi and Cardano season is on its way! Not FA.
Whats Paribus' mission in the Crypto space?
'Paribus’ mission is to unlock the true potential of these assets, evolving them into interoperable financial instruments, capable of being used within DeFi protocols, on any chain.
With the future of the financial and investment market getting closer and closer to being crypto based, the opportunities here look promising.
If it can be verified it can be sold.If it can be sold, there is a market value. If it has value, it can be modeled.
LIKE-
- Smart contract insurance policies
- Music
- Crypto collectibles
- Domain names
Paribus is the protocol that brings all of these forces together, offering DeFi holders and investors a platform to extend the reach of their digital assets and positions, doubling down on their earning power.
Paribus Features
-Lend, borrow or stake synthetic assets
-NFT collateral-based loans
-NFT Staking
-LP collateral-based loans
-LP staking
-PBX token profit sharing
Why use PBX?
-Cheap transactions
-Incredibly High Throughput
-Security and reliability for high-value transfers
-A flourishing development and dApp ecosystem
Tokenomics (19/01/2022)
Token Price. $0.026
Market Cap. $13,503,530.90
Fully Diluted Market Cap. $266,661,076.64
Circulating Supply. 506,393,024 PBX
Total Supply. 10,000,000,000 PBX
Max Supply. 10,000,000,000 PBX
YEARLY PRICE RANGE
So I've only done a bit of research on PBX , majority of the info above taken directly from the website. Which in my opinion looks very clean, and professional. The team behind it also looks solid, and the recent price ranges suggest its not overly volatile.
My only concern is the FDMC.
Rest of the data taken from CoinMarketCap.
Whats everyone's thoughts on PBX? Anyone done any thorough research, or is it the first time you've heard of it?
Comments appreciated.
Sources-
