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Turkey’s largest cryptocurrency trading platform Paribu is finally launching the Paribu Coin (PRB Token), which it has been working on since last year. The details of the highly anticipated network and token were announced by Paribu. Investors want to learn more about Paribu Net and PRB Coin and be involved in the pre-sale process. In this content, you will be able to access all information about this new venture and have an idea about where you can get PRB Coin .
Paribu Net? What kind of features are included in Paribu’s blockchain?
Paribu, one of the most popular cryptocurrency exchanges with more than 5 million users in Turkey, announced its own blockchain and native token as mentioned last year. In the blockchain called Paribu Net, where distributed applications (dApps) as well as smart contracts are diversified, the blockchain promises speed, scalability, low network fees and maximum security.
The consensus mechanism implemented by Paribu Net is Delegated. The combination of Proof of Stake (DPoS) and Proof of Authority (PoA) is called Bouleuterion1 Consensus Mechanism.
Paribu Net was created to connect people and organizations, providing new ways to communicate and collaborate with a smooth and reliable data migration. He emphasizes that Paribu Net will follow the idea of decentralization by offering a secure, reliable transaction network. Paribu Net aims to achieve significantly lower transaction fees for users. Paribu Net also supports Ethereum Virtual Machine (EVM) or EVM-based smart contracts to develop decentralized applications such as DeFi
, NFT, gaming, Metaverse and domain naming systems. It aims to be one of the best blockchain platforms as a universally accessible infrastructure in a chained environment. Explaining their mission, “We believe it is a fundamental right to control your existence, data and identity. In addition, decentralized systems are crucial in creating a more reliable, secure, efficient and scalable information society for all. To achieve these goals, we are accelerating this transition by using these decentralized systems as they are the optimal infrastructure for a fully and resilient connected cyberspace.We will achieve this by developing a fast, secure, reliable, publicly verifiable and robust blockchain platform that is compatible with the most widely used blockchains in the public network.”
Paribu Coin ? ( PRB Coin ?)
Paribu Net will operate with its native token called PRB. With PRB, users will be able to pay the fees of transactions taking place on Paribu Net with PRB and have a say in the approval mechanisms and management of the network by staking PRB. The Paribu native token, PRB Coin , will help people interact with smart contracts for finance, Metaverse, gaming, identity management and supply chain management. The pre-sale of Paribu Coin will take place on Monday, February 21, 2022. After this announcement, it was announced that the pre-sale price would be 9 TL and 12 TL. PRB Coin s will be distributed on March 1, 2022, and 14 million tokens will be put into circulation. The remaining PRBs are reserved as validator rewards.
With PRB Coin with stakes, stakers can deposit a certain amount of PRB tokens to the candidate validator and receive a portion of the block rewards if the candidate validator is the main or backup validator.
If a staker wishes to withdraw the staked amount, then they will create a claim and wait for 3 days ((3 * 24 * 60 * 60) /5 = 51840 blocks, block time is 5 seconds).
PRB Coin where and how to get it?
You must have a Paribu membership in order to get the PRB Token, Paribu’s native token. You can create a pre-sale request for PRB Coin by following the steps below:
1. Download the Paribu mobile app or go to the Paribu website.
2. Become a member by clicking the “Register” button and entering the required information.
3. Complete your authentication from the “Settings” button.
4. Deposit TL into your Paribu account by clicking on the Wallet tab.
5. You can create demand when sales periods start.