Paraverse (PARA) introducing and roadmap

Transcendnece blockchain project exist from spring 2018. year. Since than the main fuel for drive this blockchain project were two coins, Teloscoin (TELOS) and Bitcoin Subsidium (XBTX).

During four years these two coins pass its road, ups and downs, forks and updates, but also very positive times. As couple past years bring many life difficulties to whole world, no blockchain project left unaffected, so coins under Transcendence shared same destiny.

New life begins

Since 01.08.2023 a decision made that PARA Token from the Transcendence Blockchain Project will be used as multipurpose utility token. Important to mention that PARA is made on Binance smart chain BNB as token. It is developed in a way that have some unique features:

• A portion of the TX fees are shared between all Holders. You just need to hold tokens in your wallet.
• A portion of the TX fees are used for automatic Buybacks.
• Another portion of the TX fees gets burned.
• The token includes anti-whale mechanism, which means a single Wallet can not hold more than 10% of total supply.
• The maximum single amount of a transactions is capped to reduce drastically price impact.

 

PARA token will be accepted as payment for every business activity, as developers said. Also there will be Use-Cases around the token in a fully decentralized web3 way. For this purpose only decentralized storage and smart contracts will be used. One example is Alexandria Cloud Storage from Transcendence Project and there will be joining the development of this service.

In a matter of coins, where we think about old (TELOS, XBTX) and a new ones (PARA), working on a Bridge to TELOS and XBTX for swapping to PARA is under development recently.

If circumstances allows until the end of 2023. launch of FIAT / PARA Bridge can be archived and also the swap of existing PARA Cards to the new PAPARAPAY cards which also can work as Debit Card all over the world.

Para Token (PARA) Roadmap

Roadmap used form official Github url (https://github.com/phoenixkonsole/para/blob/main/README.md)

• Phase 1: Token Launch and Distribution

Deploy BEP20 smart contract with the address: 0x8A5652EB940dD3832a8426FBe5afBB01b0f96a14. Distribute tokens to initial investors, team members, and partners as per the tokenomics plan. Launch on PancakeSwap or other relevant decentralized exchanges to ensure trading availability.

• Phase 2: Fee Mechanics Implementation

Implement transaction fees that are distributed among holders, added to liquidity, burned, and sent to a designated wallet. Set up a mechanism to automatically accumulate transaction fees in the token contract. Develop a batching system to execute fee transfers, burns, and liquidity adds in batches, triggered by specific conditions.

• Phase 3: Gas-Efficient Fee Execution

Introduce a mechanism where high gas fees are incurred only for a few sell transactions that trigger fee executions. Optimize and streamline the gas-efficient execution of fee transfers, burns, and liquidity additions.

• Phase 4: Use Case Integration

Integrate PARA into the TELOSCOIN and BitcoinSubsidium(XBTX) communities, combining developments and communities. Introduce initial use cases: taxation and anti-whale mechanisms built into the smart contract.

• Phase 5: Paraverse Projects

Bitstreams.tv Decentralization: Launch a decentralized version of Bitstreams.tv, enabling users to monetize their channels and promote content using referral links. Expected release in 2023. PAPARA NFT App: Revive the PAPARA NFT app based around PARA token, allowing users to mint, sell, and burn NFTs. Planned release in 2023. Parabellum Privacy Messenger and Filesharing: Launch a decentralized, private messenger and file-sharing platform, enabling creation of private groups with optional crypto charges. Expected release in 2023. Kryptobay Decentralized Marketplace: Revamp Kryptobay as a user-driven decentralized marketplace. Planned release in 2023.

• Phase 6: Community Expansion and Engagement

Engage with the community through social media, forums, and other platforms to foster awareness and adoption. Encourage user participation in the Paraverse projects and gather feedback for improvements.

• Phase 7: Paraverse Wallet and Cryptofriendly Banking

Provide a custom Wallet with Integrated Banking and virtual Creditcards

• Phase 8: Continuous Development

Continuously improve fee mechanics, gas efficiency, and overall user experience. Explore additional partnerships, collaborations, and integrations to enhance the ecosystem.

Remember that a roadmap is a dynamic plan subject to adjustments based on market conditions, user feedback, and unforeseen challenges. It’s important to maintain transparency and communication with the community throughout the project’s development.

Useful links:
https://papara.vision/
https://para.exchange/

https://bitcointalk.org/index.php?topic=5461669.msg62631527#msg62631527

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