Paralink Network offers a multi-chain oracle platform for DeFi and other blockchain applications. Applications that require the highest degree of security can use Paralink's on-chain consensus algorithm, running on Polkadot Substrate. Paralink's flexible node design allows developers to query for real-world events, sports, weather, random numbers and more. Developers can create custom queries using Paralink Query Language and connect smart contracts with traditional APIs within minutes.
Paralink Token (PARA) is an incentive and governance token on the Paralink blockchain. PARA holders will be able to stake their tokens to earn the governance rights. Amongst other things, their primary responsibility will be management of the relayer quorum through continuous voting. In exchange for staking their tokens and performing regular governance functions, they will earn APY on their staked amount.
Aside from the native token on Paralink blockchain we are also launching an ERC-20 token on Ethereum at TGE. The Ethereum token is great for interoperability with already established DeFi ecosystem, and will be convertible 1:1 with the native PARA token on Paralink chain.
