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Thursday, August 8, 2024
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    HomeFinanceSolana Parrot Protocol Presents No Tokens, Buyers Threat 89% Return

    Solana Parrot Protocol Presents No Tokens, Buyers Threat 89% Return

    A latest proposal from the Parrot Protocol group, Solano’s liquidity community, has sparked controversy amongst group members. The supplywhich shall be up for voting till July twenty seventh, requires the redemption of PAG tokens for liquid treasury worth and a transition to a tokenless protocol.

    In accordance with the supply, the redemption worth of PAG was set at $0.0045 per token. In accordance with In accordance with CryptoRank, the protocol has collected greater than 89 million tokens. USD since its launch in 2021, and the present return on funding (ROI) for traders within the preliminary DEX providing (IDO) and preliminary change providing (IEO) is -89%. A damaging ROI signifies that traders have misplaced cash on their funding.

    Parrot Protocol Token Sale. Supply: CryptoRank.

    Proceed studying Coin Telegraph.

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