A current proposal by the Parrot Protocol group, a Solana-based liquidity community, has sparked controversy amongst group members. The supplywhich will likely 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.
Based on the supply, the redemption value of PAG was set at $0.0045 per token. Based on Based on CryptoRank, the protocol has collected greater than 89 million tokens. USD since its launch in 2021 and the present return on funding (ROI) to traders is -89% within the preliminary DEX providing (IDO) and preliminary alternate providing (IEO). A adverse ROI signifies that traders have misplaced cash on their funding.
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