PRIME (Paralle）Project Analysis-CoinW Institute
PRIME (Paralle）Project Analysis
1. Institute Review
Parallel started with a team of 8 members, with YouTube co-founder Chad Hurley announced in March 2021 as the 9th member of the team and the background image of his Twitter account changed to Parallel’s NFT. From NFT’s public sales data, the team is currently funded with about $2.66 million. The game is designed by Connagh Hawkins, a Youtube superstar with over 150,000 fans. paradigm led the investment and designed the token model himself. according to the official tweet, the token $Prime is supposed to go live at the end of this month, and the NFT price for producing tokens is still relatively expensive. If you want to participate, you can get $Prime by pledging $PDT, and project parties can get airdrops by pledging NFT or pledging PDT (PDT dao has also continued to rise recently).
2. recent breakout point
paradigm agency airdrop + paradigm personally designed token economic model + NFT board
3. project introduction
PRIME is an in-game currency used to make non-NFT purchases in the in-game store, either with $PRIME or credit card.
4. token role
$PRIME has tremendous utility and needs to interact with almost all smart contracts in the Echelon and Parallel ecosystem, e.g. buy flash + card duplication + payload + artwork + NFTs + elite tournament entry + bond events + swap
Business card sharing. 5.
5. Token Economy Model
The total fixed amount of $PRIME is 111,111,111.111.
The $PRIME allocation is as follows.
30% allocated to the P2E pool of the Echelon ecosystem.
4.26% goes to the seed $PRIME pledge pool.
2% Assigned to the seed PRIMEset pledge pool.
11% to the Echelon approved Primary NFT asset pledge pool
4.25% Attributed to Echelon-approved digital asset owners (available for one-time collection)
2.25% Attributed to PRIMEset holders (with a one-time receipt)
15.4% Attributed to the PRIME ecosystem founding team
4.6% Credited to Parallel Studios Token Reserve.
16.24% goes to PRIME ecosystem investors
10% goes to the Echelon Prime Foundation Token Reserve
Total Initial Circulation.
Feb 28: Parallel Closed Alpha Opening Date / EP Candidate Deadline Mar 1: PRIME Unlocked Mar 15–22: Echelon EP Election Voting Note: 1.2 million prime from launch partners is used to provide liquidity. Also, regarding the team and investor tokens, neither is currently unlocked. These tokens are unlocked linearly over 24 months, starting July 18 for investors and September 30 for the founding team.
6. Project highlights
With blur’s airdrop wealth effect, as Paradigm led the NFT project and personally designed the token model. Community users are lots, the project itself is a DAO organization with a large number of NFT community users base, and top institutional investment. so it holds high hope to go online coinbase.
7、Investment institutions
Paradigm, the previous investors including OSS Capital, Yount Capital, etc.
8、Community
Twitter 100,000 people, discord 40,000 people, active users 4000 people, the community is mainly overseas, basically considered active
9. Special economic model
20% of the credit card amount spent on Glints will be donated to Echelon Foundation to support the $PRIME ecosystem, 100% of the $PRIME spent on Glints will be allocated through normal sink.
10. Future Outlook
Parallel is the first game to use PRIME tokens, and with the help of the Echelon Prime Foundation, Parallel aims to become the core of a series of games and web3 tools that use PRIME as an ecosystem token. The game’s setting is sci-fi, racially distinct, and has the potential to form a major IP, in line with the current American aesthetic. The cards have a very strong sense of design and are beautifully crafted, with each NFT card carrying a QR code that incorporates augmented reality (AR) and has a very strong collectible value. The design of the economic model is in line with the layout of the mega game. parallel is an ecological chain driven by the game as the core. The more important segments are game development, DAO governance, token economy and NFT sales, which may derive from the sale of skins, land auctions, anime and books in the future. The separation of game development and ecological operation is also very much in line with the future direction of the chain tour project governance. Interested parties can read Parallel’s Prime proposal and Echelon Prime Foundation white paper, Parallel is the top chain tour with a chance to get out of the circle.
Basic Information
Project Description: Parallel is an expansive sci-fi universe with five factions fighting for a homeworld, Parallel is a sci-fi world and card game. Parallel’s in-game currency is used to purchase non-NFT items such as phantom cards, phantom cosmetics, reinforcement props, and more. Players can purchase Glints using $PRIME and/or their credit card, and purchasing Glints is similar to purchasing gems or gold in games many are familiar with.
Full token name: Paralle
Token name: prime
Project website: https://parallel.life/
Project Documentation: https://parallel.life/blog/introducing-glints/
Block query: 2023.3.1 airdrop end announcement
Liquidity query: 2023.3.1 airdrop end announcement
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