Parex

<h2 id="header-0">Building Momentum, One Milestone at a Time</h2>This week, Parex Network reached several exciting milestones, solidifying our position as a growing and evolving blockchain ecosystem. From the long-anticipated PEP-20 integration on MEXC to new achievements like being officially recognized as a Layer 1 blockchain on CoinMarketCap, we’re taking leaps toward expanding accessibility and functionality for our community.In addition to technical advancements, we’re enhancing our community engagement with new platforms like Reddit and our dedicated CoinMarketCap Community page. These steps reflect our commitment to building stronger connections and fostering growth across all fronts.Let’s dive into the highlights and celebrate another week of progress together!<h3 id="strong-pep-20-integration-a-game-changer-for-parex-users-strong">PEP-20 Integration: A Game-Changer for Parex Users</h3>One of the most awaited milestones is here: the PEP-20 network is now officially live on MEXC! This integration brings a significant upgrade to the Parex ecosystem, enabling faster, more efficient, and cost-effective transactions for users.<a href="https://x.com/parexnetwork/status/1863486182547468561" rel="noopener noreferrer nofollow">https://x.com/parexnetwork/status/1863486182547468561</a>By supporting the PEP-20 network, Parex positions itself alongside leading blockchain networks, paving the way for broader adoption and streamlined operations. This step isn’t just a technical update — it’s a reflection of our vision to create a more accessible and robust ecosystem for our users.<a href="https://coinmarketcap.com/community/articles/674cf166b1669d10af6a40bd/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/community/articles/674cf166b1669d10af6a40bd/</a>This integration was made possible through detailed coordination with exchange partners, highlighting our commitment to building a seamless blockchain infrastructure. As shared in <a href="https://coinmarketcap.com/community/articles/674cf166b1669d10af6a40bd/" rel="noopener noreferrer nofollow">our CMC article,</a> this milestone also lays the groundwork for future innovations within Parex Network, including deeper integrations and use cases.<a href="https://x.com/MEXC_Official/status/1863447511513608530" rel="noopener noreferrer nofollow">https://x.com/MEXC_Official/status/1863447511513608530</a>For those curious about the technical details or how to get started with PEP-20 transfers, you can find more information in the official announcement here: <a href="https://www.mexc.com/support/articles/17827791520183" rel="noopener noreferrer nofollow">MEXC Announcement</a>.<h3 id="strong-parex-as-a-layer-1-blockchain-strong">Parex as a Layer-1 Blockchain</h3>Parex Network is now officially recognized as a Layer-1 blockchain on CoinMarketCap!<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9d375a7a5ed248b2819a020d7244ae14.png" />This milestone underscores the robust foundation of our network and its innovative capabilities. In addition to the Layer-1 category, we’ve also secured tags under DeFi, DAO, and Web3, reflecting the wide range of opportunities Parex Network offers within the blockchain space.Why This Matters:1. Enhanced Visibility: Being listed as a Layer-1 blockchain increases Parex Network’s exposure to a global audience on CoinMarketCap.2. Credibility Boost: This recognition highlights the network’s independence and infrastructure strength.3. Ecosystem Growth: These new tags open doors to integration with more platforms and projects, enhancing community engagement and utility.Furthermore, we have submitted a similar application to CoinGecko, which is currently under review. While such processes take time, our focus remains on fulfilling all requirements to ensure Parex Network is represented accurately across leading platforms.<h3 id="strong-swiftcoin-integration-strong">Swiftcoin Integration</h3>Parex (PRX) is now officially available on Bridgers via the BEP20 network!<a href="https://x.com/SwftCoin/status/1861715271851159668" rel="noopener noreferrer nofollow">https://x.com/SwftCoin/status/1861715271851159668</a>This integration introduces cross-chain flexibility for PRX, enabling users to engage in seamless transactions using tokens from various networks with EVM-compatible wallets.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6f1030fc428347168a4947fa9552662f.png" />Key benefits include:• Broader accessibility: PRX is now more reachable to a global audience.• Faster, cost-efficient transactions: Enhanced transaction speed and reduced fees make this integration particularly exciting.• Expanded blockchain ecosystem: This marks yet another step in making Parex Network a stronger player in the blockchain space.<h3 id="strong-raccoonswap-update-x1f99d-strong">RaccoonSwap Update &#x1f99d;</h3><a href="https://x.com/raccoonswap/status/1862140063083094162" rel="noopener noreferrer nofollow">https://x.com/raccoonswap/status/1862140063083094162</a>The successful completion of the PEP-20 network integration marks a significant step forward for the Parex ecosystem. This milestone lays the groundwork for exciting developments, including the upcoming launch of RaccoonSwap.With the integration finalized, our focus now shifts to aligning all necessary components to ensure a smooth and efficient launch. While we cannot provide an exact timeline just yet, the progress made so far has us closer than ever to unveiling this key addition to the Parex ecosystem.RaccoonSwap represents a major leap in providing decentralized trading capabilities and expanding the utility of PRX. We are taking every step to guarantee its launch meets the high standards of quality and security that our community expects.<h3 id="strong-connecting-on-coinmarketcap-community-strong">Connecting on CoinMarketCap Community</h3><h3 id=""></h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/56d8dee3f4ae47109e4524eff7f259df.png" />Parex Network is now officially verified on the CoinMarketCap Community platform, marking another milestone in expanding our visibility in the crypto space. This recognition allows us to directly engage with a global audience and share updates, insights, and announcements in one of the industry’s most reputable hubs.The CoinMarketCap Community platform offers a unique opportunity to foster deeper connections with both our current and future supporters. By leveraging this space, we aim to not only inform but also inspire those who believe in the vision of Parex Network. If you haven’t already, join us and be part of the conversation: <a href="https://coinmarketcap.com/community/profile/parexnetwork/" rel="noopener noreferrer nofollow">Parex on CoinMarketCap Community</a>.<h3 id="strong-parex-network-101-a-comprehensive-guide-on-cmc-strong">Parex Network 101: A Comprehensive Guide on CMC</h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1db52c80a1134f52b9902760d516fd4e.jpg" />This week, we were thrilled to publish our first article on the CoinMarketCap Community platform, titled Parex Network 101. This article serves as a comprehensive introduction to the Parex ecosystem, covering everything from staking and validators to dApps and unique features of our network.Our goal with this piece is to provide clarity and accessibility for both newcomers and seasoned users who wish to explore Parex Network in greater depth. With CoinMarketCap’s vast user base, this article represents a major step in showcasing the strength and versatility of our ecosystem.Read the full article here: <a href="https://coinmarketcap.com/community/articles/67478cbfd24fe423a35c535c/" rel="noopener noreferrer nofollow">Parex Network 101</a>.Reddit: A New Hub for Community Engagement<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4ce986f31e4a4643b4aff2f215ea911c.png" />This week, we also laid the foundation for r/ParexNetwork, our official subreddit. While the page is currently in restricted mode to finalize design and moderation details, it has already begun to draw attention from our community.The subreddit will serve as a space for discussion, collaboration, and even fun community-driven content like memes and ideas. Unlike Medium or CoinMarketCap, Reddit’s interactive nature will allow for a more dynamic exchange of ideas.We’re excited to officially launch the subreddit soon, and we invite all Parex enthusiasts to join us there once it’s live: <a href="https://www.reddit.com/r/parexnetwork/" rel="noopener noreferrer nofollow">Parex Network on Reddit</a>.Parex Network Linktree AnnouncementWe’re excited to announce the launch of the Parex Network Linktree, your one-stop destination for all things Parex!<a href="https://links.parex.network/" rel="noopener noreferrer nofollow">https://links.parex.network/</a>With just one click, you can access:• Official Telegram channels• Discord server• Medium articles• And much more!This update simplifies how you connect with us and stay informed about the latest updates. Whether you’re exploring staking options, checking announcements, or diving into technical documentation, everything is now conveniently accessible in one place.Weekly Staking and TVL UpdateThis week, our community continued to demonstrate unwavering trust and commitment to the Parex ecosystem. Here’s a look at the latest staking activity:• Locked Stake: 163,217 PRX was added.• Unlocked Stake: 2,742 PRX was added.The total value locked (TVL) stands at:• Locked TVL: 10,624,002 PRX.• Unlocked TVL: 686,835 PRX.These numbers reflect the community’s strong engagement, ensuring both the security and liquidity of Parex Network.Social Media and Outreach GrowthWe’re thrilled to see our community grow across multiple platforms! Here’s where we stand this week:1. Twitter• Parex Network: 34.4K followers (<a href="https://x.com/parexnetwork" rel="noopener noreferrer nofollow">https://x.com/parexnetwork</a>)• Raccoonswap: 162 followers (<a href="https://x.com/raccoonswap" rel="noopener noreferrer nofollow">https://x.com/raccoonswap</a>)2. Telegram• Community Channel: 11.3K members (<a href="https://t.me/ParexPRX" rel="noopener noreferrer nofollow">https://t.me/ParexPRX</a>)• News Channel: 5K members (<a href="https://t.me/parexnetwork" rel="noopener noreferrer nofollow">https://t.me/parexnetwork</a>)3. Medium: 484 followers (<a href="https://medium.com/&#64;parexnetwork" rel="noopener noreferrer nofollow">https://medium.com/&#64;parexnetwork</a>)4. Discord: 197 members (<a href="https://discord.com/invite/parexnetwork" rel="noopener noreferrer nofollow">https://discord.com/invite/parexnetwork</a>)5. CoinMarketCap Community: 119 followers6. Reddit (r/ParexNetwork): 9 members (<a href="https://www.reddit.com/r/parexnetwork/" rel="noopener noreferrer nofollow">https://www.reddit.com/r/parexnetwork/</a>)Your ongoing engagement strengthens our ecosystem and propels Parex toward broader recognition. Together, we’re building something truly remarkable.Looking AheadAs Parex Network continues to achieve significant milestones, we remain committed to expanding and strengthening our ecosystem. From the successful PEP-20 integration with MEXC to the progress on RaccoonSwap, each step we take is aimed at providing greater utility and accessibility for our community.With the growing visibility on platforms like CoinMarketCap and our expanding presence on social media, we’re laying a solid foundation for further adoption and engagement. The journey doesn’t stop here — exciting developments, including partnerships and broader integrations, are on the horizon.Keynotes :• PEP-20 Integration Milestone: MEXC exchange officially supports PEP-20.• RaccoonSwap Updates: Final preparations are underway for RaccoonSwap• Bridgers Integration: PRX is now live on Bridgers via the BEP-20 network, broadening accessibility and use cases.• Layer 1 Tag Achieved: Parex Network is officially recognized as a Layer 1 blockchain on CoinMarketCap, enhancing credibility and visibility.• CMC Community Page: Officially verified and active for engaging with Parex supporters.• Reddit Presence: Preparations continue for the upcoming launch of r/ParexNetwork.• Educational Content: “Parex Network 101” published on CMC Community, offering a comprehensive introduction to the ecosystem.• Social Media Growth: Expanded reach across all platforms, with increasing engagement and visibility.• Strategic Growth Ahead: Ongoing efforts focus on partnerships and community-building initiatives for broader adoption.Thank you for your continued trust and support. Together, we are shaping the future of Parex Network. Stay tuned for more updates as we move forward!<a href="https://links.parex.network/" rel="noopener noreferrer nofollow">https://links.parex.network/</a>

Parex Network Weekly Report — November 25th — December 1st, 2024

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Parex Network

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