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ParallelChain (XPLL)

ParallelChain Mainnet is a breakthrough layer-1 smart contract platform with a unique delegated-proof-of-stake system designed to power an accountable, democratic, ever-growing blockchain ecosystem.

Financing: $50M

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Overview

Project industryBlockchain Infrastructure
Product typeTechnology
FoundedHong Kong
WhitepaperParallelChain White Paper Open
OnepagerParallelChain Onepager Open

What is ParallelChain

ParallelChain is a blockchain infrastructure developed by ParallelChain Lab, a blockchain research and development company founded by Ian Huang in 2018.

ParallelChain powers two layer-one blockchain platforms: ParallelChain Private and ParallelChain Mainnet. The former is a business-native permissioned platform powering market-ready software built for specific business purposes, while the latter is an open-source blockchain platform where developers can build and deploy decentralized applications using smart contracts. ParallelChain natively supports Turing-complete smart contracts written in developer-friendly languages such as Rust and GO.

  • Ecosystem of public (permissionless) and private (permissioned) networks
  • Private: >120k TPS; ~0.003s latency
  • Easy migration from Hyperledger platform
  • GDPR-grade data privacy protection
  • Patents: 9 published
  • Blockchain solutions for insider threat prevention; KYC compliance; supply chain management; construction activity tracking; loyalty program tokenisation...

Details

Raised: 50,000,000 USD

Legal

Registration country: Hong Kong
Registration year: 2018

Token info

Ticker: XPLL
Token distribution:
All node sales - 37%
Public sales - 3%
Advisors - 3%
Team - 12%
Marketing - 10%
Liquidity and listings - 5%
Partnership & ecosystem - 15%
Reserve and research - 10%
All private sales

ParallelChain Roadmap

1
Completed in 2021
  • ParallelChain Mainnet Project Begins
  • Introductory AMA (xSatoshi Club)
  • XPLL Airdrop Campaign
  • ParallelWallet Alpha Test
  • ParallelChain Mainnet Tokenomics Release
  • ParallelChain Delegators Economics Release
  • XPLL Node Round
  • ParallelChain Ambassador Program
2
Q1 2022
  • ParallelChain Testnet 1
    • Turing-completed smart contracts
    • Centralized deployment on an intuitive web platform
3
Q2 2022
  • ParallelWallet Beta Release
  • ParallelChain Testnet 2
    • ParallelWallet integration
    • PRFC-1 ("ParallelChain Request For Comments") token standard proposal
    • Simulated staking
    • Geographically distributed deployment
4
Q3 2022
  • ParallelChain Testnet 3
    • Most of governance functionality
    • Upgradable smart contracts
    • Decentralized deployment (invite only)
  • ParallelChain Testnet 4
    • Complete governance functionality
    • Stress test of full functionality
    • Decentralized deployment (open to all XPLL holders)
  • Mainnet Node Activation
5
Q4 2022
  • ParallelChain Mainnet Launch
  • Open Delegation

Project team

Ian Huang
Ian Huang
Founder, CEO and Chief Architect | Board Director
Ian Huang linkedin
Jessie Chan
Jessie Chan
Chief of Staff
Jessie Chan linkedin
Dr. Anthony Woo
Dr. Anthony Woo
Director of Strategy
Dr. Anthony Woo linkedin
Kelvin Lam
Kelvin Lam
Chief Engineer
Colin Sanders
Colin Sanders
Financial Consultant
Dr. Arne Suppé
Dr. Arne Suppé
Fellow Engineer
Clayton Mak
Clayton Mak
Director of Product Management
Panagiotis Simatis
Panagiotis Simatis
Director of Data Science Engineering
Raj Gill
Raj Gill
Manager, Community and Growth
Raj Gill linkedin
Alice Lim
Alice Lim
Distinguished Engineer
Siddarth Agarwal
Siddarth Agarwal
Staff Engineer
Vikram Bhattacharjee
Vikram Bhattacharjee
Staff Engineer
Cherry Cheung
Cherry Cheung
Staff Machine Learning Engineer
Tracy Liu
Tracy Liu
Staff Engineer
Alvin Hon
Alvin Hon
Senior Staff Engineer
Edmund Cheung
Edmund Cheung
Staff Engineer
Siyan Liu
Siyan Liu
Staff Machine Learning Engineer
Joseph Choi
Joseph Choi
Staff Machine Learning Engineer
Sanzhar Nussipbek
Sanzhar Nussipbek
Staff Engineer
Ricky Ng
Ricky Ng
Staff Engineer
Syretta Man
Syretta Man
Staff Engineer
Linda Huo
Linda Huo
Manager, Integrated Marketing
Linda Huo linkedin
Aida Nainggolan
Aida Nainggolan
Multimedia Designer
Elizabeth Kezia Widjaja
Elizabeth Kezia Widjaja
Staff Engineer
Dr. Dileep Bhandarkar
Dr. Dileep Bhandarkar
Fellow
Dr. Raj Jain
Dr. Raj Jain
Fellow
Dr. Shawn Day
Dr. Shawn Day
Fellow
Ming-Yam Wong
Ming-Yam Wong
Board Director
Romilly Sinclair
Romilly Sinclair
Board Director
Ho-Leung Cheung
Ho-Leung Cheung
Board Director
Matilda Ong
Matilda Ong
Administrative Assistant
Dr. Nii Quaynor
Dr. Nii Quaynor
Fellow
Jesper Leong
Jesper Leong
Content Marketing Manager
Thomas Zhuo
Thomas Zhuo
Director of Strategic Initiatives
Tee Jun Yun
Tee Jun Yun
Staff Engineer

Advisors

Roderick McKinley
Roderick McKinley
Tokenomics Modeller
Dr. William Yu
Dr. William Yu
Advisor, Enterprise Adoption (ESG and Sustainability)
Elliot Hagemeijer
Elliot Hagemeijer
Advisor, DeFi Ecosystem
Dr. Chudi Adi
Dr. Chudi Adi
Advisor, Enterprise Adoption (Healthcare)
Paul P. Chen
Paul P. Chen
Advisor, Corporate M&A
Anand Chandrasekher
Anand Chandrasekher
Advisor, Global Sales & Marketing

Social media

ParallelChain web-siteParallelChain MediumParallelChainYouTubeParallelChain TelegramParallelChain LinkedInParallelChain TwitterParallelChain Discord

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