 | Parrot (PRT) |
Status
ICO
Parrot is a liquidity network for borrowing and lending.
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Ticker
PRT
What is Parrot
The Parrot Protocol is a DeFi network built on Solana that will include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. These are all use cases designed to solve one single problem: making value locked in DeFi systems accessible.
The Parrot Protocol is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP tokens.
Token Sale Dates
ICO
Start date: Sep 14, 2021
End date: Sep 18, 2021
Token Allocation
Total Token Supply 21,000,000,000 PRT
Total Tokens for Sale 2,100,000,000 PRT
Funding Details
Funds Raised (as of now) 5,000,000 USD
Token distribution
Protocol incentives: 35%
Team & Angels: 20% (1–3 year lockup)
IDO: 10% Ecosystem & Partnerships: 10%
Seed: 20% (1–3 year lockup)
Protocol Controlled Reserve: 5%
Token Price and Payment Options
Accepted Currencies USDC
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