Tokyo, Japan, December 11, 2024, Chainwire
introduction
As a Layer 1 blockchain, Parex Network continues to take important steps toward making the user-friendly Web3 experience available to a wider audience. Recent developments have improved network visibility, reliability, and overall ease of use, contributing to the growth of the Parex ecosystem.
CMC Verification: Enhancing Transparency and Accessibility
Parex Network has completed the official verification process of CoinMarketCap (CMC), one of the most trusted platforms in the crypto market. Recognized for its reliability and accessibility, CMC is used by millions of users around the world to track and analyze their digital assets.
CMC verification ensures that accurate and transparent information about PRX tokens is readily available to everyone. Users and stakeholders can easily access, review, and verify accuracy of PRX-related data. This development strengthens Parex Network's commitment to transparency and trust.
Additionally, this validation expands the reach of the Parex Network, allowing PRX tokens to be more easily tracked, analyzed and understood on a global scale. As a result, both the existing community and potential investors can gain clearer insight into the project.
PEP20 integration: ease of use and broad accessibility
Parex Network's PEP20 network is currently active on the MEXC exchange. This integration will make PRX token transactions faster and more cost-effective, streamlining the deposit and withdrawal process for users. This initiative aims to increase participation in the Parex ecosystem by prioritizing user experience.
The integration of the PEP20 network with MEXC increases the ease of use and visibility of Parex Network's layer 1 blockchain infrastructure. This collaboration will allow users to access PRX token transactions through a globally recognized platform, allowing us to introduce Parex's technology to a wider audience.
RaccoonSwap: Parex Network’s proprietary decentralized exchange
In line with the goal of strengthening the ecosystem, Parex Network is developing RaccoonSwap, a decentralized exchange (DEX) platform. This will allow users to participate in PRX-based trading pairs directly within the Parex ecosystem without relying on an external platform. RaccoonSwap aims to provide a safe, fast, and user-friendly trading environment.
Through RaccoonSwap, users can easily perform PRX-focused token swaps and benefit from various pools within the ecosystem. This approach facilitates a more seamless flow of value within the Parex Network, strengthening our position in the DeFi space and reducing unnecessary complexity for our users. RaccoonSwap ultimately aims to offer a unified DEX experience that leverages the internal dynamics of Parex Network.
About Parex Network
Parex Network is a layer 1 blockchain network designed to provide user-friendly decentralized finance (DeFi) solutions. With compatibility with Virtual Machines (EVM), Parex provides developers with a familiar build environment and creates a solid foundation for Web3 applications. Supported by its native token PRX, Parex powers key network functions ranging from transactions to governance.
For more information, please visit the official Parex Network documentation (https://docs.parex.network/) and follow the official links (https://links.parex.network).
Contact CEONoda OsamParex Networkdata@parex.network
This article was originally published on Chainwire
