PRESENTATION
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Parlay Chain (PAR), a decentralized prediction platform has arrived.
ABOUT PARLAY
Parlay is a project to pursue scalable blockchain solution that has PrimeNodes to minimize blockchain network delay and user-friendly masternode. Moreover, Parlay is an event-driven cryptocurrency which is decentralized prediction game platform, operated by public community. Parlay Chain adopts Proof of Stake (POS) for consensus algorithm in order to increase and secure scalability of blockchain network. Parlay Chain embeds auto-scaling nodes which has unique node management system to stabilize the mainnet.
Parlay Chain (PAR) is a decentralized prediction platform.
Prediction Gameplay (Parlay.Live)
Scalable Blockchain Solution
PrimeNode (user-friendly Masternode)
Using PAR, users can both propose prediction games and vote/play games based on their interest.
VISION
An event can be interpreted as more broad definition in Parlay community. Subsequently, the event will become a form of an election and/or a governance decision on community opinion. The future of Parlay live platform encourages community to post new events for multiple purposes. As previously mentioned, an event organizer can post a demo-election for Parlay event before the actual election starts. Participants could vote to the demo-election like game play. Those voting results from the demo-election could be used as predictive sample of the election.
The above example is one of future usage that Parlay team strongly anticipates. Including such use case, Parlay events can evolve into numerous forms mainly driven by its community members and Parlay holders. Hence, Parlay.Live is the platform service that gathers and evaluates diversified collective intelligence proposed by the community. Parlay team urges to potentially expand and stimulate by the community and for the community.
FEATURES
INSTANT
Fast transactions over the world verified by PrimeNode network.
PRIVACY
Your data is confidential. Transactions are encrypted and stored anonymously in Parlay network.
SECURED SCALABILITY
Protect network from transaction congestion with auto-scaling feature.
POS
Validate transaction and generate blocks by staking.
Each PAR holder gets incentives in Parlay network.
PRIMENODES
Integrated with memory pool monitoring system and managed by Prime service.
USER-FRIENDLY
Single step automated solution to install/run node on VPS.
PARLAY.LIVE
Parlay.Live is a prediction game platform operated by the public. You are the one in control of every game in this platform.
Propose your own game or vote/play for the games that interest you to get rewards from Parlay.Live.
Parlay.Live lets you earn BTC/PAR pair vice versa either by operating your own game or winning a prediction game that you participate in.
PRIMENODES
Prime service is a user-friendly solution that automates masternode setup.
Does not require challenging engineering task.
Highly effective enough to gather users who have hesitated to run masternode.
SPECIFICATIONS
Symbol : PAR
Algorithm : Scyrpt
Max supply : 30,000,000 Parlay
Block time : 90 seconds
Block Rewards : 20 PAR
Reward distribution : PrimeNodes 60% / Staking Node 40%
PrimeNodes Collateral : 2,500 PAR
Difficulty retargeting : every block
Block Maturity : 88 blocks
Transaction Confirmation : 10 blocks
Premine : 0.5%
Inflation Adjustment : 10% reduction by every year
1st : 345,600 Block
2nd : 691,200 Block
3rd : 1,036,800 Block
4th : 1,382,400 Block
5th : 1,728,000 Block
Max supply : 1,855,288 Block
**will be used for bounties, exchange listings, masternode listings, promotion campaign, and Parlay Prize
RoadMap
Q1 2018
Whitepaper V1.0
Parlay Wallet Test
Q2 2018
Mainnet Launch
Parlay QT Wallet
Bounty Program
List on Exchange
Parlay.Live Pilot Test (2018 Russia FIFA WorldCup)
Q3 2018
Whitepaper V2.0
Mobile Wallet
Parlay.Live System Development
ParlayGate (Public/Private API)
Q4 2018
Marketing Partnership
Web Wallet
Enterprise Engagement
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://www.parlaychain.io/
Whitepaper: https://parlaychain.io/whitepaper.pdf
Discord: https://discord.gg/CK38myY
Twitter: https://twitter.com/ParlayChain
Github: https://github.com/parlaychain/
Wallet Parlay: https://www.parlaychain.io/wallet
Ann Threads BTT: https://bitcointalk.org/index.php?topic=3652595
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.