Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Paribus (PBX) will be available on KuCoin. Supported trading pair is PBX/USDT.
Please take note of the following schedule:
- Deposits Effective Immediately (Supported Network: ERC-20)
- Trading: 14:00 on September 16, 2021 (UTC)
- Withdrawal: 10:00 on September 19, 2021 (UTC)
Tags: DeFi , Collectibles and NFTs , Cardano Ecosystem
Project Summary
| Total Supply | Market Cap at Launch | Issue Date | Consensus Protocol |
| 10,000,000,000 PBX | $169,500 | 2021-09-16 | PoS |
| Circulating Supply | 24hr Volume | Issue Price | Cryptographic Algorithm |
| 565,000,000 PBX | - | $0.0003 | - |
* key metric numbers are calculated as of September 8 2021.
Paribus is the first of its kind cross-chain lending/borrowing platform on Cardano. Using the first of its kind dynamic interest rate algorithms, Paribus will unlock liquidity across chains through a range of crypto assets such as NFTs, synthetics, virtual land and liquidity positions. If an asset can be verified, it has market value and can be sold. While decentralized financial applications have reshaped the investment sector, alternative assets such as NFTs have not been optimally leveraged by existing DeFi protocols. Paribus aims to change this and redefine the value of these previously challenging assets, offering layered leverage across protocols and increasing the earning power of DeFi investors on any chain.
Official Website: https://paribus.io
Whitepaper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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