Parex

Another productive week has passed at Parex Network as we continue to strengthen our ecosystem and make strides toward our long-term goals. This week, our primary focus was on advancing RaccoonSwap, our upcoming decentralized exchange, and preparing for broader visibility through strategic press outreach. Here’s a detailed breakdown of this week’s highlights:<h3 id="strong-raccoonswap-technical-preparations-completed-strong">RaccoonSwap: Technical Preparations Completed</h3>RaccoonSwap took a significant step forward with the successful deployment of its Factory and Router contracts.<a href="https://x.com/parexnetwork/status/1864109371581452391" rel="noopener noreferrer nofollow">https://x.com/parexnetwork/status/1864109371581452391</a>These critical elements form the backbone of our decentralized exchange and have been verified on the Parex Blockchain Explorer. You can review the details here: <a href="https://scan.parex.network/verified-contracts" rel="noopener noreferrer nofollow">Verified Contracts</a>.<a href="https://scan.parex.network/verified-contracts" rel="noopener noreferrer nofollow">https://scan.parex.network/verified-contracts</a>This milestone underscores our commitment to building a secure and transparent trading platform that meets the needs of our community. With the technical preparations now complete, our team is shifting focus toward the launch phase, ensuring that RaccoonSwap delivers a seamless and efficient experience for all users.<h3 id="strong-press-outreach-sharing-parex-network-s-vision-strong">Press Outreach: Sharing Parex Network’s Vision</h3>We are excited to announce that a press article highlighting Parex Network’s recent achievements and future goals is currently under editorial review. This article will serve as an introduction to Parex Network for new audiences while reinforcing our commitment to transparency, innovation, and user-centric solutions.Such initiatives are vital for enhancing Parex Network’s visibility and establishing its credibility within the blockchain and Web3 space. By sharing our story through professional channels, we aim to attract more users, developers, and partners to our growing ecosystem.<h3 id="strong-focus-on-community-engagement-and-ecosystem-expansion-strong">Focus on Community Engagement and Ecosystem Expansion</h3>As the launch of RaccoonSwap approaches, our efforts are shifting towards fostering deeper connections within the blockchain community. The next phase of our journey involves not only ensuring a smooth deployment of our DEX but also building stronger ties with our audience. Our goals include increasing community participation, establishing strategic collaborations, and enhancing accessibility across platforms to create a more inclusive and robust ecosystem.<h3 id="strong-weekly-staking-update-strong">Weekly Staking Update</h3>This week, Parex Network saw impressive staking activity:• Locked Staking: A total of 76,543 PRX was added to the locked contract.• Unlocked Staking: A total of 100,781 PRX was staked in the unlocked contract.These figures reflect the community’s continued confidence and trust in the Parex ecosystem. The total value locked (TVL) now stands as follows:• Locked TVL: 10,487,580 PRX• Unlocked TVL: 774,114 PRX<h3 id="strong-social-media-and-community-growth-strong">Social Media and Community Growth</h3>Our community engagement continues to grow across platforms:1. Twitter:• Parex Network: 34.2K followers (<a href="https://x.com/parexnetwork" rel="noopener noreferrer nofollow">Parex Network Twitter</a>)• Raccoonswap: 163 followers (<a href="https://x.com/raccoonswap" rel="noopener noreferrer nofollow">Raccoonswap Twitter</a>)2. Telegram:• Community Channel: 11.3K members (<a href="https://t.me/ParexPRX" rel="noopener noreferrer nofollow">Parex Community</a>)• News Channel: 5K members (<a href="https://t.me/parexnetwork" rel="noopener noreferrer nofollow">Parex News</a>)3. Medium:• 485 followers (<a href="https://medium.com/&#64;parexnetwork" rel="noopener noreferrer nofollow">Parex Medium</a>)4. Discord:• 197 members (<a href="https://discord.com/invite/parexnetwork" rel="noopener noreferrer nofollow">Parex Discord</a>)5. CoinMarketCap Community:• 168 followers (<a href="https://coinmarketcap.com/community/profile/parexnetwork" rel="noopener noreferrer nofollow">CMC Community</a>)<h3 id="strong-keynotes-strong">Keynotes</h3>• Raccoonswap Progress: Verified factory and router contracts published, finalizing preparations for launch.• Community Engagement: Continued platform growth with active participation across Twitter, Telegram, Medium, and Discord.• Staking Activity: 76,543 PRX locked and 100,781 PRX unlocked this week, maintaining strong community trust and participation.• Press Outreach: A press article highlighting Parex Network’s recent achievements and vision is under editorial review, aiming to introduce Parex to broader audiences.• Next Steps: Focus shifts towards Raccoonswap launch and expanding outreach efforts.<a href="https://links.parex.network/" rel="noopener noreferrer nofollow">https://links.parex.network/</a>

Parex Network Weekly Report — December 2nd — December 8th, 2024

Table of Contents

Parex Network

Other articles published on Dec 9, 2024

Solana ($SOL) Hits All-Time High of $264: Possible Factors Behind the Surge

Goldman Sachs puts focus on crypto, reveals client note

Crypto Market Today (Dec 09th 2024): Bitcoin Holds $99k | LINK Leads Top 100 Gainers

Bybit Unveils Exclusive Rewards for Crypto Deposits via BCB, ZEN or BLIK

U-topia Secures Strategic Investment from Newly Formed Blue Matter Capital

Experts Predict Ethereum’s Clear Path to ATH Amid Bullish Structural Shifts

Join our free newsletter for daily crypto updates!