The power for corporations to create their enterprise fashions by issuing tokens is advancing the FinTech {industry} as we all know it. Tokenomics, or the token economics behind these blockchain-based belongings, are utterly redefining the best way corporations fundraise and implement enterprise fashions. Nevertheless, this evolution has additionally caused advanced regulatory, economical and technical challenges that may sway many from adopting token frameworks.

For instance, tasks providing present tokens have weak utility behind their tokens. This often results in poor demand and objective behind the token. Aside from that, not each venture has the correct know-how to create a robust token financial system, which is significant to the long-term development of the venture. Moreover, launching a token is hard as most tasks (blockchain-based or not) definitely don’t need their token to be categorized as funding securities. Fortunately, IQ Protocol, developed by PARSIQ can resolve all of those issues.

IQ Protocol affords an revolutionary round financial system mannequin permitting tasks, enterprise companies and organizations to problem and handle compliant tokens.

The First Cryptocurrency SaaS, Defined


Because the creators of IQ Protocol, the PARSIQ group has devised a blockchain agnostic resolution for implementing subscriptions on-chain in a versatile and low-cost method.  This has been finished all whereas preserving the all-important workflows corresponding to cancel/refund insurance policies, completely different timeframe concerns, consumption price quotas, reductions, and extra. This was completed by the introduction of an idea using PowerTokens.  PowerTokens will not be used as a method of fee, however relatively, as a deterministic over-time “power” generator.  Inside IQ, power performs a job in accounting for the unit of service consumption (like gasoline items in Ethereum).

PARSIQ serves as a platform for blockchain monitoring and interpretation: permitting companies and people to construct customized Good Triggers and embrace real-time blockchain knowledge streams.

Fixing the frequent crypto “token not wanted” downside, the corporate has change into the primary enterprise to remodel the standard subscription mannequin utilizing IQ Protocol.  As of immediately, each PARSIQ person can use the platform and construct monitoring options just by holding PRQ tokens as a technique of fee.

IQ Protocol helps corporations construct a round financial system and keep in mind the pursuits of the principle shareholder teams: HODLers, service customers, and merchants. Underneath IQ, the brand new PARSIQ subscription mannequin works as follows:

  1. Platform customers, primarily companies, pay for the service by holding particular PRQ tokens. Customers have two choices: both purchase the unique tokens which have life-time worth, or lease PRQ tokens from the renting pool. The primary thought right here is that the unique tokens will not be launched from the renting pool. As an alternative, the pool mints an expirable model of those tokens.
  2. Lenders can mortgage their PRQ into the IQ Protocol and begin incomes yield. If an individual lends his PRQ to the pool, he will likely be issued iPRQ (curiosity PRQ) as proof that he has positioned PRQ into the pool. Because the title suggests, the lender earns an curiosity on his PRQ when PARSIQ buyer borrows them from the pool.


 Subscription as a Service (SaaS) – Powered by IQ

Leveraging PARSIQ’s revolutionary IQ Protocol, companies will now be capable to seamlessly assemble blockchain SaaS fashions – enabling corporations throughout all industries to tokenize their services or products for consumption on-chain.

That is doable through IQ and the introduction of an idea generally known as Life Time Worth (LTV).  When an organization tokenizes their choices, every token is assigned an LTV, giving the token holder the appropriate to eat an outlined quantity of products or companies.

Such an idea permits virtually something to be placed on the blockchain – from the content material streaming enterprise to your native market, a enterprise can tokenize their product choices and assign every issued token an LTV.  Utilizing these as examples, content material streamers can problem tokens that enable the token holder to eat one hour of content material every day for the subsequent three hundred and sixty five days.  The native market might provide weekly supply of house necessities (contemporary fruits, milk, bread), which might be delivered firstly of every week for 52 weeks.  The chances are restricted solely by how the enterprise goals to tokenize its choices. On the buyer aspect, people would merely buy the tokens.  By advantage of holding the token, the token holder can be the recipient of the worth that has been outlined for that token, for the lifetime of that token.

Moreover, shoppers who don’t want to maintain tokens however would like to lease them can even do that, through the introduction of a renting pool – made doable by the Protocol.  As long as these tokens are held or rented, the buyer can benefit from the worth tied to the token.  In doing so, a blockchain subscription mannequin has been born.

By this method, IQ allows companies to cater to their present audiences, and unlock new income streams.  It does this by permitting corporations to provide uniquely tailor-made choices to a possible buyer that is probably not prepared to completely decide to an organization’s services or products simply but.

Moreover, crypto tasks battling present tokenomics buildings can profit from IQ.  After initially elevating funds, many tasks undergo from discovering a use case for his or her tokens.  At finest, a shopper could also be incentivized to purchase the venture’s token, just for the aim of spending it to amass a specific service.  Underneath this mannequin, it makes little sense to undergo this middleman step if, in actuality, the transaction may be performed solely in fiat.

Nevertheless, with the IQ Protocol, such corporations can tokenize their product choices – incentivizing communities to carry venture tokens for the lifetime of the token, whereas having fun with the worth that has been assigned to that token.  Additional, token holders have the potential to earn, by depositing their holdings in renting swimming pools and buying curiosity funds.  By IQ, a venture can develop a round financial system, drive demand for his or her companies and their token, which finally advantages all believers of the venture being supported.

Free, Clear, and Open Supply

As an open-source protocol, any venture can make the most of IQ to suit its wants.  Due to this, corporations can customise the answer to make sure a correct match to their present enterprise fashions.  Additional, the prices of implementation are manageable, restricted to the prices for paying GAS.

Underneath this environment friendly and simple to undertake mannequin, PARSIQ is presently working with over twenty corporations in deploying IQ Protocol.  You probably have any questions on how IQ may be integrated into your present enterprise mannequin, the PARSIQ group is able to help in your queries.

Crypto tasks using IQ Protocol can:

Problem utility tokens that aren’t securities

  • The system is transparently designed such that the factors for securities don’t apply to tokens issued on IQ Protocol
  • Companies constructed into IQ Protocol, such because the risk-free lending and borrowing characteristic, are utterly non-custodial
  • Lenders can present capital liquidity to the protocol voluntarily and management their tokens by trustless sensible contracts
  • Since voluntary lenders or debtors use the service at their very own will, tasks is not going to be held accountable for any assured returns from the lending pool

Make token issuance easy and safe

  • No want to consider easy methods to implement advanced tokenomics when issuing tokens as a result of IQ Protocol has industry-grade safety frameworks already built-in
  • Profit from the benefit of getting correct tokenomics able to customise and deploy
  • Because of this corporations can give attention to the enterprise logic and execution utilizing the token with out having to fret about underlying technical complexities

For extra on how Parsiq is utilizing its distinctive IQ Protocol to energy the world’s first Saas firm, go to their predominant website right here.

Source link

By Xnode24

Leave a Reply

Your email address will not be published.