Nowadays, the Cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Para are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
A lot of investors have hurriedly delve into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Para token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
What is Para?
PARA is a community driven token, built on the Ethereum blockchain, that aims to change the crypto space with real world utilities including an NFT Marketplace and a Launchpad that vets new projects to help everyone enter the crypto space safely.
At the heart of the Para EcoSystem, a portion of every transaction supports veterans around the world through our partnerships with nonprofit organizations such as Convoy of Hope and Xtreme Couture GI Foundation.
PARA is a decentralized erc-20 native utility token that will be used for:
- Required DAG Bridge Access Token
- Required Launch Platform Access and Fee Token
- Required Token for NFT Marketplace Premium Access
Who is the Founder of PARA?
PARA is the brainchild of Lee Tolleson, who has extensive business and government contracting experience.
There are 27.85B PARA in supply worldwide.
Pros and Cons of Para
Pros of Para
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of Para
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Para Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Para have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Para Safe?
Being willing to invest in any token is a question entirely up to you to answer. Para token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Para on the comment section below. Don’t forget to rate and leave a review.