Parasol Finance

Parasol Finance

PSOL
$0.03198687

Key Metrics

Price$0.03198687
Real Volume (24H)$0
Marketcap$179,365.1
Fully Diluted Valuation$382,008
ATH$0.19304
ATH Date10/17/2022, 12:49:14 AM
ATL$0.00654278
ATL Date10/9/2022, 8:08:42 PM
Circulating Supply5.6M
Total Supply21M
WebsiteN/A
WhitepaperN/A
Popularity Rank3359
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What is Parasol Finance?

Parasol Finance (PSOL) is a Solana-based IDO platform that offers a unique opportunity for investors and projects to connect and flourish together. The platform is community-governed, with PSOL token holders having the right to vote on important decisions that shape the future of the ecosystem.

PSOL tokens offer numerous benefits, including governance and voting rights on projects. By holding PSOL tokens, users can participate in governance decisions, such as choosing pools ratios for upcoming IDOs or voting on which IDOs will be launched on Parasol. Additionally, PSOL tokens can be staked to participate in Parasol IDOs.

At the time of launch, Parasol Finance had a total supply of 21 million PSOL tokens. Of this amount, 14.50% (3,045,000 PSOL) was distributed retroactively to existing liquidity providers. 15% (3,150,000 PSOL) was allocated for ecosystem development, while 0.50% (105,000 PSOL) was set aside for launch rewards. The team received 7% (1,470,000 PSOL), while 21% (4,410,000 PSOL) each was allocated for marketing and rewards, private sale, and public sale.

PSOL is a token based on the SPL standard and Solana blockchain, ensuring its seamless integration with other decentralized programs. The SPL standard also guarantees that the token meets industry security requirements.

Parasol Finance provides a unique opportunity for investors and projects to connect and grow together within a community-governed ecosystem. With PSOL tokens, users can actively participate in governance decisions and benefit from the growth and success of the platform.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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