Parallel GovernancePrice(PRL)
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Parallel Governance (PRL) Price information (USD)
The current real-time price of PRL is $0.0016. In the past 24 hours, PRL has traded between $0.0016 and $0.0016, showing strong market activity. The all-time high of PRL is $0.4317, and the all-time low is $0.0{4}9979.
From a short-term perspective, the price change of PRL over the past 1 hour is
Parallel Governance (PRL) Market Information
Parallel Governance (PRL) Today's Price
The live price of PRL today is $0.0016, with a current market cap of $886.390K. The 24-hour trading volume is 73.17. The price of PRL to USD is updated in real time.
Parallel Governance (PRL) Price History (USD)
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What is PARALLEL GOVERNANCE (PRL)?
When is the right time to buy PRL? Should I buy or sell PRL now?
Before deciding whether to buy or sell PRL, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PRL technical analysis can provide you with trading references.
Future price trend of PRL
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PRL.
How much will PRL be worth tomorrow, next week, or next month in ? What about your PRL assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PRL Price Prediction
How to buy PARALLEL GOVERNANCE (PRL)
Convert PRL to local currency
PRL Resources
To learn more about PRL, consider exploring other resources such as the whitepaper, official website, and other published information:
Official PRL website
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x0ec5...487eb3  | 473.454M | 44.96% |
ethereum | 0xead7...1b5901 | 196.747M | 18.68% |
ethereum | 0xba13...319ba9 | 63.119M | 5.99% |
ethereum | 0xde91...02a434 | 58.757M | 5.58% |
ethereum | 0xcc87...f33d1e | 43.010M | 4.08% |
Other | 218.011M | 20.7% |
Hot Events
PARALLEL GOVERNANCE (PRL) FAQ
How can users migrate MIMO tokens to the new Parallel Governance (PRL) token?
Users can migrate their MIMO tokens to PRL at a 1:1 ratio using the official Parallel decentralized application. There is no deadline for this process, as the migration module is designed to remain open indefinitely to ensure all holders can transition. However, the migration is irreversible; once tokens are converted to PRL, they cannot be changed back to MIMO. Users with locked positions on various networks must ensure they are withdrawn before starting the migration process.
How can I distinguish Parallel Governance (PRL) from other projects with similar names?
It is essential to identify the correct project to avoid confusion in the Web3 space. Parallel Governance (PRL) is the token for the Parallel Protocol, formerly known as Mimo Labs. It is distinct from Parallel Studios, which uses the PRIME token for its card game, and "The Parallel," a metaverse project on alternative blockchain networks. Users should always verify the official contract address to ensure they are interacting with the correct Parallel Protocol ecosystem.
What is the purpose of sPRL and what rewards does it provide?
sPRL is the staked version of the PRL token used for protocol governance. By staking PRL, users receive sPRL, which grants voting power to influence DAO decisions and a share of protocol revenue. These rewards are typically distributed in the protocol’s native stablecoin, PAR. This system is designed to incentivize long-term participation and align the interests of the community with the health of the protocol.
What are the differences between sPRL1 and sPRL2 staking options?
The protocol offers two staking tiers for different user needs. sPRL1 is single-sided staking, designed for those who wish to participate in governance while avoiding impermanent loss. sPRL2 involves staking PRL liquidity pairs via decentralized exchanges. Because sPRL2 provides essential liquidity to the protocol, it offers a 2.5x boost to voting power compared to the single-sided option, rewarding users for their deeper commitment to market stability.
What is the ParaBoost mechanism and how does it affect stakers?
ParaBoost is a loyalty mechanism that rewards users for maintaining their stake over time. Users accumulate a boost by keeping their sPRL staked across successive periods known as epochs. This boost enhances the user's standing within the governance system. It is important to note that transferring or unstaking sPRL will cause this accumulated ParaBoost to reset, encouraging long-term retention within the ecosystem.
Has the Parallel Governance (PRL) token contract been audited for security?
Yes, the PRL codebase has undergone professional security audits by specialized firms to ensure the integrity of the smart contracts. The contract is designed to be immutable, meaning the core logic cannot be changed by any party. Furthermore, the contract prevents the development team or any other entity from minting additional tokens or pausing transfers, providing a transparent and trustless environment for all holders.
