The PAR price update as of now is $0.3847. In the previous 24 hours, its trading volume was $64, and its value has increased by 0.00%. As of now, PAR's live market cap is $1,625,295, and it is ranked as the #5058 on the Coincu. PAR has a circulating supply of 4,178,323 and a maximum supply of 4,178,323.

Understanding Parlay: A Stable Token with Euro Peg

Parlay is a unique stable token that is algorithmically tied to the value of the Euro currency. This means that the value of Parlay is designed to remain stable and closely follow the value of the Euro. The creation of new Parlay tokens is directly linked to loans issued on our lending platform called Mimo DeFi. In other words, the issuance of PAR tokens is backed by the assets that are accepted as collateral on Mimo DeFi.

The Dedicated Team behind the Parlay Project

The team responsible for the development and maintenance of Parlay and the Mimo DeFi platform mainly operates from their headquarters in Singapore and Dubai. These talented individuals work tirelessly to ensure the success and continuous improvement of the project.