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What is Parabox?

In short: A launchpad, DEX Aggregator, and Yield Aggregator all in one. Parabox is revolutionizing the way communities and developers access open finance tools for crowdfunding, asset management, and yield optimization. The platform will also be the first DAO-led protocol on Aurora by giving its community complete control over how treasury and public funds are utilized for the ecosystem.

Parabox is a comprehensive solution bridging disruptor to markets that need disrupting, startups to user base, and users to products they can actually use. It serves as a platform for launching successful crowdfunding for startups while providing the community fair access to vetted and secure opportunities.

Parabox represents a return to form for blockchain innovation where development is driven by a desire to solve tangible problems rather than abstract concepts. Developed on the emerging NEAR blockchain, Parabox focuses on interoperability, accessibility, negligible gas fees, and scalability. NEAR's development incorporates some of the best research in the field without any of the weaknesses, creating a blockchain ready for mass consumption and adoption.

Parabox is poised to lead the way into the heart of an ecosystem that is gaining traction and in need of a platform for developers, investors, and the community to foster growth. It aims to be the flagship gateway for the DeFi ecosystem on the NEAR blockchain. Its development prioritizes addressing user pain points, creating an easy-to-use and intuitive platform on one of the most exciting L1 platforms in the industry.

The Future of Parabox

Phase One: Minimum Viable Product - A fixed swap rate pool for decentralized crowdfunding. It supports fixed swaps for bootstrapping liquidity for projects and has been designed to be equitable with guaranteed allocations.

Phase 2: DEX - A Decentralized Exchange with several incentivized pools aimed at aiding liquidity flow and yield generation on Aurora.

Phase 3: Yield Farming - Portfolio management and auto-compounding tools for yield farming will be launched. With these tools, users will be able to find, manage, and optimize yields across different protocols on the NEAR ecosystem.

Parabox Tokenomics

Token holders will have the ability to:

• Stake - To participate in the Token Distribution Event (TDE) for any project launching on Parabox, users must stake $PAD tokens in any of the five pools to be eligible.

• Governance - Governance will not be limited to protocol changes only. The Parabox community will also play an active role in the pitching, screening, and voting of projects simply by staking their tokens to their preferred projects.

• Earn Protocol Fees - The $PAD tokens capture value based on different mechanics (burn of fees, token integration in future products).

$2m Seed Funding Round

Seed round for the development closed with $2m.

With participation from NGC, NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, SuperNova Fund, ExNetwork, Genblock Capital, Arkn and several other parties, the raise solidifies the alignment of goals between Parabox and leading players in the industry to drive growth on the NEAR blockchain.

The raised funds will be used to build out the features on the roadmap, expand the development team to enable Parabox to ship faster and optimize products better, incubate, and market rather than relying solely on public fundraising and/or the treasury.