Why I am Bullish on Parami Protocol
“There’s a way to do it better — Find it!” Thomas A. Edison
Parami Protocol
Parami Protocol proposed an AD 3.0 paradigm for Web 3.0, to establish a user-centric tokenized advertising economy. AD 3.0 is the accelerator of Web3.0, fueled by Decentralized Identity (DID) and Zero-Knowledge Proof (ZKP) technology stack. It aims at returning the rights and profits, which have been long exploited by Web 2.0 service providers, back to the users.
Highlights
IM support
Parami is designed for IM apps. The Parami SDK will support users to participate in Ad interaction in IM explorer or MiniApps.
DAO support
Parami will support other DAOs as seed groups to expand DID ecosystem. Other DAOs can register on Parami and manage their DAOs on it for extra incentive.
NFT support
Parami Protocol supports NFT as ticket, badge or collector for advertising campaign.
Yield Farming support
Parami supports liquidity mining (Yield Farming) so that users are able to exchange rewarded token to stable coins and advertisers can easily build an advertising fund.
Governance support
Parami Protocol is fully governed by all token holders. They can vote for the council and all the proposals to optimize the network
Achievements :
Cross-Chain DID aggregator
It is a Polkadot Parachain providing cross-chain DID management
ROCOCO testnet launched
Functionalities such as parachain slot auctions, bridge Parami substrate ← → ETH completed
Incubated by top communities in DEFI
Incubated by YFII DeFi community and the leading privacy computing network(ARPA)
WEB3 grant and substrate program
Received a grant from WEB3 foundation in the early stage and is a member of Substrate Builder Program
Successful pre-IDO on GenPad
In May 2021 Parami Protocol held pre-Ido on Genpad and was a massive success with over 206.000 unique entries being oversubscribed.
Token Economic Model
The native token on Parami Protocol is AD3. It is an UTILITY TOKEN that can be used in 5 scenarios:
- Settlement: The price of the Ad and the price of the token will jointly determine the number of rewards the user will receive for a single advertising campaign.
- Bidding: Use tokens to bid for advertising opportunities.
- Synthesizing: Use AD3 to generate social coins and NFT.
- Paying: AD3 will be used to pay operation fee.
- Governance: Vote and adjust the chain parameter.
- Staking: Stake tokens for mining and community development.
Road Map
Check out the Partners
Check out the Team
Dorian — Core Architect
Dorian was the senior architect of DCEP(Digital currency Electronic Payment), the core architect & technical leader of TRON and has rich practical experience in consensus mechanism, privacy, calculation, cross-chain mechanism, etc. He is an early evanghelist and investor in BTC
Mono Wang — Core Dev
Full-Stack engineer; senior rust engineer with 6 years experience; Core Rust Chinese community evanghelist; Open TRON independent developer; former Core dev of Ledger.
Edison — Core Dev
Edison was the core architect of TRON’s TRONZ team, and is the core developer of the Zero-Knowledge proof virtual machine. He has deep research in the field’s of zero-knowledge proof, MPC, and homomorphic encryption, and is committed to solve Web 3.0 data privacy problem.
