ParallelChain Price

Here are some reasons that make XPLL crypto an interesting asset to add to your portfolio:

Technological Foundation of ParallelChain Ecosystem

ParallelChain's high-performance blockchain platform claims to achieve transaction speeds of over 100,000 transactions per second (TPS). The platform also incorporates innovative features like Proof-of-Immutability (PoIM), which enhances transaction validation and record writing efficiency.

ParallelChain’s High-speed, Low Latency Operations

ParallelChain is the "fastest public blockchain" with high throughput and low latency. Its transaction processing speed and real-time latency make it capable of emulating the internet and powering bandwidth-intensive applications.

Versatility of ParallelChain Platform

ParallelChain’s versatility as a platform capable of serving as a public, personal, or enterprise blockchain expands its potential application scope. The ecosystem provides solutions for various challenges, such as KYC identification and verification, insider threat prevention, and more.

Although we cannot offer an accurate XPLL price prediction over any timeframe, you could keep an eye on the following factors to understand price action and volatility in this cryptocurrency:

Developments in the ParallelChain Ecosystem

Positive technological developments, such as introducing new features, improvements in scalability, security, or partnerships with other companies or projects, can generate increased interest and demand for XPLL, potentially strengthening the ParallelChain price.

Impact of Competitors

The performance and developments of similar blockchain projects and cryptocurrencies can also influence the price of XPLL. If ParallelChain's unique features, performance, or partnerships stand out compared to its competitors, it may attract more attention and potentially positively impact the XPLL to USD price.

Crypto Market Conditions and Investor Outlook

The overall market conditions and sentiment in the cryptocurrency market can significantly impact the price of ParallelChain and other cryptocurrencies. Factors such as market trends, investor sentiment, and macroeconomic events can influence the demand and supply dynamics, affecting the $XPLL price.

XPLL is the native utility token of the ParallelChain blockchain platform and serves various purposes, such as:

Pay Transaction Fees on ParallelChain

XPLL tokens are used to pay transaction fees within the ParallelChain network. When users initiate transactions or execute smart contracts on the platform, they must pay a certain amount of XPLL as a fee, which helps incentivize network security and maintain the ecosystem.

Staking and Governance Token of ParallelChain Network

Token holders can stake XPLL tokens to participate in the consensus mechanism of the ParallelChain network. By staking $XPLL, you can contribute to the network’s security and stability and can earn staking rewards. As a token holder, you can also propose and vote on protocol upgrades, changes, or other important decisions related to the platform's development and direction.

Access ParallelChain’s Services and dApps

XPLL tokens can grant users access to various services and dApps built on the ParallelChain platform. These services can include financial applications, decentralized exchanges, gaming platforms, and more, where XPLL may be used for access, utility, or value exchange.

Trade XPLL on KuCoin

Trade ParallelChain token on KuCoin Spot Market or other supported platforms to profit from changing market conditions and volatility. Buy or sell XPLL or hold it long-term if you believe in the potential of the ParallelChain network. Remember to DYOR and perform due diligence before trading XPLL or other crypto assets.

According to the ParallelChain whitepaper, the genesis supply of XPLL is 125 million. As an inflationary token with no hard cap, there is no set max supply for $XPLL. The token distribution is given below:

1. 30% of XPLL was allocated to the ParallelChain ecosystem.

2. 34% of the token’s genesis supply was set aside for network validators.

3. 12% of XPLL tokens went to ParallelChain’s early adopters.

4. 12% of tokens were distributed among the ParallelChain team, and 5% went to the project’s strategic advisors.

5. 3% was kept aside for marketing activities and 4% for listing activities.

ParallelChain has partnered with several businesses as validators, R&D, and enterprise partners. Some of the project’s R&D partners include Carnegie Mellon University’s CyLab, ParallelChain Labs, and Singapore Blockchain Innovation Programme. Enterprise partners include Amazon AWS, IBM, Singapore Fintech Association, and Trivver.

ParallelChain has also partnered with businesses that function as network validators. Examples of this partnership include 32 Ventures, Oracles Investment Group, Cryptopushka Ventures, Chain Capitals, and Solr DAO.