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About The Parallel
Key Points
- The Parallel is a creation-fueled infinite metaverse powered by Binance Smart Chain.
- It allows users to create their own worlds and adventures.
- Two tokens are used: PRL and PS, with a total supply of 1,000,000,000 PRL tokens.
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The token distribution is as follows:
- 5% for Strategic Partners
- 14% for Private Sale
- 1.25% for Public Sale
- 14% for Advisors and Team Members
- 50% for Game Rewards and Ecosystem Growth
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In the Realm of The Parallel
Introducing The Parallel (PRL): A Revolutionary Blockchain Ecosystem
The Parallel is a boundless, creation-fueled metaverse powered by Binance Smart Chain, where users are empowered to craft their own unique worlds and embark on thrilling adventures.
The Parallel converges diverse worlds to forge a singularly immersive GameFi experience, where vibrant communities can indulge in an infinite spectrum of entertainment, gaming, and lucrative opportunities.
In this immersive metaverse, players have the opportunity to excavate precious Runes, which serve as the fundamental materials for crafting and designing unique NFT Paragons (characters) safeguarded by the innovative Hydra copyright system. These bespoke Paragons can be seamlessly integrated into the virtual world, enabling players to engage in a diverse array of activities, including casual games, PvE, and PvP, as well as an ever-expanding repertoire of captivating experiences. Notably, players’ copyrighted Paragon designs have the potential to generate substantial revenue streams, providing a lucrative source of passive income.
The Parallel operates on a dual-token system, comprising PRL and PS. The Parallel Token (PRL), the platform’s primary token, assumes a pivotal role in sustaining the enjoy-to-earn economy within The Parallel metaverse.
The Circulating Supply of PRL: A Closer Look
A total of 1,000,000,000 PRL tokens have been designated as the maximum and total supply.
Of the total token supply, approximately 5% was earmarked for Strategic Partners. Another 14% was allocated for the Private Sale, while 1.25% was reserved for the Public Sale. The advisors and team members collectively secured around 14% of the total token supply, distributed among them. A substantial 50% of the total supply was set aside for Game Rewards and Ecosystem Growth, with an additional 5.75% dedicated to Liquidity. The remaining 10% is allocated for marketing purposes.
The Visionaries Behind The Parallel: Meet the Founders
Louis Nguyen, co-founder and CEO of The Parallel, has been a pioneer in Vietnam’s blockchain, fintech, DeFi, GameFi, and crypto landscape since its inception. With a constant presence at The Parallel’s headquarters, he spearheads the project with visionary leadership, guiding it toward triumphant success.
Bui Ba Hien, co-founder of The Parallel, assumes the role of Chief Operating Officer, bringing his extensive expertise to the table. As the CEO of BOX Studio, a renowned game development studio in Vietnam, he leverages his decade-long experience in the gaming industry to spearhead Parallel’s marketing efforts, driving the company’s global expansion.
The Parallel team boasts a robust workforce of 50-60 full-time employees, with a significant number possessing extensive expertise in blockchain technology and game development.
Unveiling the Unparalleled: The Parallel’s Distinctive Edge
In a departure from the prevailing free-to-play and play-to-earn models that dominate the gaming industry, The Parallel pioneers the Enjoy-to-Play movement. By actively participating in the in-game economy, players create value for their peers and game developers, earning rewards in the form of in-game assets. These digital assets can encompass a wide range of items, from cryptocurrencies to in-game resources, all securely encoded on the Blockchain. Unlike play-to-earn models, which often impose limitations on earning potential, The Parallel’s Enjoy-to-Earn approach empowers players to unlock earning opportunities simply by engaging with the dynamic game world.
At the heart of The Parallel lies creativity, empowering players to craft their own unique characters, rather than relying on the game’s pre-designed avatars. Moreover, the Hydra System, The Parallel’s innovative AI technology, enables players to copyright their creative endeavors, fostering a culture of imagination and originality.
Last but not least, The Parallel unlocks a vast array of opportunities for individuals, teams, and even game studios or entertainment companies to engage, experience, and earn in a limitless capacity.