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For example, such data ingress can be used with a sports betting dapp that requires oracles for smart contracts \\ud83e\\udd13 \\nDevelopers, check it out here \\ud83d\\udc47\\nhttps:\\/\\/t.co\\/GJp7LNeXxc \",\"id_str\":\"1412763394004951040\",\"created_at\":\"Wed Jul 07 13:20:15 +0000 2021\",\"retweet_count\":7,\"favorite_count\":35,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/GJp7LNeXxc\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/sport-result-query-demonstration-using-paralink-node-query-editor\\/\",\"display_url\":\"blog.paralink.network\\/sport-result-q\\u2026\"}]},\"extended_entities\":{\"media\":[{\"media_url_https\":\"https:\\/\\/pbs.twimg.com\\/media\\/E5skvPjWYAAGvtq.jpg\",\"type\":\"photo\",\"sizes\":{\"large\":{\"h\":1125,\"resize\":\"fit\",\"w\":2000},\"medium\":{\"h\":675,\"resize\":\"fit\",\"w\":1200},\"small\":{\"h\":383,\"resize\":\"fit\",\"w\":680},\"thumb\":{\"h\":150,\"resize\":\"crop\",\"w\":150}}}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"In this blog post, you will find all the necessary information regarding hardware requirements for running Paralink Node. \\ud83d\\udc47\\nhttps:\\/\\/t.co\\/0QxVI04yrK\",\"id_str\":\"1412315092369162241\",\"created_at\":\"Tue Jul 06 07:38:52 +0000 2021\",\"retweet_count\":7,\"favorite_count\":32,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/0QxVI04yrK\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/hardware-requirements-for-running-paralink-node\\/\",\"display_url\":\"blog.paralink.network\\/hardware-requi\\u2026\"}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"In our latest educational blog post, we explore the concept of smart contracts and their value proposition in digital agreements between people \\ud83d\\udc47\\nhttps:\\/\\/t.co\\/5WEW8Be1Kw\",\"id_str\":\"1410511563023425539\",\"created_at\":\"Thu Jul 01 08:12:17 +0000 2021\",\"retweet_count\":8,\"favorite_count\":34,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/5WEW8Be1Kw\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/what-is-a-smart-contract\\/\",\"display_url\":\"blog.paralink.network\\/what-is-a-smar\\u2026\"}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"If you are a blockchain & smart-contract developer, make sure you check our latest blog post this weekend! We have created a short guide on how to start using Paralink Node and how to connect with other developers\\ud83d\\udc47\\nhttps:\\/\\/t.co\\/FPI5KgmpOt\",\"id_str\":\"1408661696630165505\",\"created_at\":\"Sat Jun 26 05:41:34 +0000 2021\",\"retweet_count\":6,\"favorite_count\":34,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/FPI5KgmpOt\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/how-to-start-using-paralink-node\\/\",\"display_url\":\"blog.paralink.network\\/how-to-start-u\\u2026\"}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"Here is a two-part blog post series explaining our Paralink Node Query Editor. \\ud83d\\udc47\\ud83d\\udc47\\ud83d\\udc47\\nPART 1: https:\\/\\/t.co\\/omdjrdrLPU\\nPART 2: https:\\/\\/t.co\\/nipbcoK0kL\\nIn the future, this UI will enable non-technical people to create simple data queries without any coding skills! \\ud83d\\udc8e\",\"id_str\":\"1405575991599243264\",\"created_at\":\"Thu Jun 17 17:20:05 +0000 2021\",\"retweet_count\":14,\"favorite_count\":32,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/omdjrdrLPU\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/paralink-node-query-editor-ui-overview\\/\",\"display_url\":\"blog.paralink.network\\/paralink-node-\\u2026\"},{\"url\":\"https:\\/\\/t.co\\/nipbcoK0kL\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/simple-demonstration-of-the-paralink-node-query-editor\\/\",\"display_url\":\"blog.paralink.network\\/simple-demonst\\u2026\"}]}}]', '2025-04-22 11:56:58', NULL, 'yes', '1')
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For example, such data ingress can be used with a sports betting dapp that requires oracles for smart contracts \\ud83e\\udd13 \\nDevelopers, check it out here \\ud83d\\udc47\\nhttps:\\/\\/t.co\\/GJp7LNeXxc \",\"id_str\":\"1412763394004951040\",\"created_at\":\"Wed Jul 07 13:20:15 +0000 2021\",\"retweet_count\":7,\"favorite_count\":35,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/GJp7LNeXxc\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/sport-result-query-demonstration-using-paralink-node-query-editor\\/\",\"display_url\":\"blog.paralink.network\\/sport-result-q\\u2026\"}]},\"extended_entities\":{\"media\":[{\"media_url_https\":\"https:\\/\\/pbs.twimg.com\\/media\\/E5skvPjWYAAGvtq.jpg\",\"type\":\"photo\",\"sizes\":{\"large\":{\"h\":1125,\"resize\":\"fit\",\"w\":2000},\"medium\":{\"h\":675,\"resize\":\"fit\",\"w\":1200},\"small\":{\"h\":383,\"resize\":\"fit\",\"w\":680},\"thumb\":{\"h\":150,\"resize\":\"crop\",\"w\":150}}}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"In this blog post, you will find all the necessary information regarding hardware requirements for running Paralink Node. \\ud83d\\udc47\\nhttps:\\/\\/t.co\\/0QxVI04yrK\",\"id_str\":\"1412315092369162241\",\"created_at\":\"Tue Jul 06 07:38:52 +0000 2021\",\"retweet_count\":7,\"favorite_count\":32,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/0QxVI04yrK\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/hardware-requirements-for-running-paralink-node\\/\",\"display_url\":\"blog.paralink.network\\/hardware-requi\\u2026\"}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"In our latest educational blog post, we explore the concept of smart contracts and their value proposition in digital agreements between people \\ud83d\\udc47\\nhttps:\\/\\/t.co\\/5WEW8Be1Kw\",\"id_str\":\"1410511563023425539\",\"created_at\":\"Thu Jul 01 08:12:17 +0000 2021\",\"retweet_count\":8,\"favorite_count\":34,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/5WEW8Be1Kw\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/what-is-a-smart-contract\\/\",\"display_url\":\"blog.paralink.network\\/what-is-a-smar\\u2026\"}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"If you are a blockchain & smart-contract developer, make sure you check our latest blog post this weekend! We have created a short guide on how to start using Paralink Node and how to connect with other developers\\ud83d\\udc47\\nhttps:\\/\\/t.co\\/FPI5KgmpOt\",\"id_str\":\"1408661696630165505\",\"created_at\":\"Sat Jun 26 05:41:34 +0000 2021\",\"retweet_count\":6,\"favorite_count\":34,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/FPI5KgmpOt\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/how-to-start-using-paralink-node\\/\",\"display_url\":\"blog.paralink.network\\/how-to-start-u\\u2026\"}]}},{\"user\":{\"name\":\"Paralink Network\",\"screen_name\":\"ParalinkNetwork\",\"verified\":false,\"profile_image_url_https\":\"https:\\/\\/pbs.twimg.com\\/profile_images\\/1336797302284050433\\/U-vr4pqZ_normal.png\",\"utc_offset\":null,\"statuses_count\":360,\"followers_count\":29286,\"description\":\"Real-world data ingress for modern cross-chain applications built on Polkadot. \\nVisit https:\\/\\/t.co\\/yhHxFTMC3z to learn more!\"},\"text\":\"Here is a two-part blog post series explaining our Paralink Node Query Editor. \\ud83d\\udc47\\ud83d\\udc47\\ud83d\\udc47\\nPART 1: https:\\/\\/t.co\\/omdjrdrLPU\\nPART 2: https:\\/\\/t.co\\/nipbcoK0kL\\nIn the future, this UI will enable non-technical people to create simple data queries without any coding skills! \\ud83d\\udc8e\",\"id_str\":\"1405575991599243264\",\"created_at\":\"Thu Jun 17 17:20:05 +0000 2021\",\"retweet_count\":14,\"favorite_count\":32,\"entities\":{\"urls\":[{\"url\":\"https:\\/\\/t.co\\/omdjrdrLPU\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/paralink-node-query-editor-ui-overview\\/\",\"display_url\":\"blog.paralink.network\\/paralink-node-\\u2026\"},{\"url\":\"https:\\/\\/t.co\\/nipbcoK0kL\",\"expanded_url\":\"https:\\/\\/blog.paralink.network\\/simple-demonstration-of-the-paralink-node-query-editor\\/\",\"display_url\":\"blog.paralink.network\\/simple-demonst\\u2026\"}]}}]', '2025-04-22 11:56:58', NULL, '', 'legacy')
More Info About ICO
Paralink Network
| ICO Name | Paralink Network |
|---|---|
| Symbol | PARA |
| Start Date | May 24, 2021 |
| End Date | May 24, 2021 |
| Goal | $300000 |
| Stage | IDO |
| Platform | Ethereum |
## What Is Paralink Network (PARA)?
[Paralink Network](https://coinmarketcap.com/currencies/paralink-network/) (PARA) is a multi-chain [oracle](https://coinmarketcap.com/alexandria/glossary/oracles) platform for [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) and blockchain applications. The platform is built on [Polkadot](https://coinmarketcap.com/currencies/polkadot-new/) and uses the InterPlanetary File System ([IPFS](https://coinmarketcap.com/alexandria/glossary/interplanetary-file-system-ipfs)). The Paralink project stands out from the rest by sourcing data through the Paralink Query Language (PQL), which increases transaction speed, finds verifiable data in databases, websites, traditional APIs and receives information from other blockchains.
Developers have the option to create requests themselves and connect [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) to the API, and users have the option to receive important real-world data (sports, weather, shares, currency and more). The platform receives data for DeFi applications, currently focusing on the limitations of blockchain applications and delivering a high level of security.
Paralink technology has been in development since Q2 2020. It is designed to solve the oracle problem – blockchain applications can only access the state via public interfaces on the same chain, limiting access to real world data. Paralink wants to make it easier for distribution systems to interact with each other and the real world, where Polkadot acts as a supporting structure for integration. The functionality that is available on the Paralink platform is implemented via open source software – the Paralink node.
## Who Are the Founders of Paralink Network?
Jan Knezevic is the founder and CEO of Paralink Network. He is a Slovenian auditor with a background in business and economics. After working for KPMG, he got a grasp of blockchain technology and moved to blockchain consulting projects, including accounting, business development and internal audits. He was also a trader in the stock market, trading stocks and stock options before switching to cryptocurrencies.
Knezevi promptly realized how limited blockchain applications are when exchanging real-world information. In order to increase their value and implement them in complex industries, it must have a confirmed flow of information from the real world. In 2020, Knezevi started to implement a scalable and economic solution to the problem – the [Paralink project](https://blog.paralink.network/paralink-origin/).
## What Makes Paralink Network (PARA) Unique?
One of the most significant innovations of Paralink Network is the advanced queries and ETL (extract, transform & load) process. The developers believe that this move will change the attitude of people towards the creation of [decentralized applications](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (DApps) and about decisions to transfer data to smart contracts. Paralink has a fairly flexible system due to cross-chaining capabilities; this aspect allows processing of information that was once unavailable.
Compared to projects of a similar focus, Paralink Network provides two main advantages: PQL – their powerful querying language, which features a PQL Query Editor, helps users quickly and easily query from common data structures (JSON, XML, SQL). When the oracle on the blockchain generates a request, the PQL definition is generated from IPFS, executed and submitted back to the original oracle. An overview of Paralink data ingress can be found [here](https://blog.paralink.network/paralink-network-data-ingress-overview/).
Another standout feature is the on-chain consensus model powered by Polkadot. Self-organizing groups of Paralink Node operators (called Relayer Quorums) have to agree on the result at a minimum threshold. This allows Paralink to aggregate multiple data sources in the chain, and exclude results that don’t meet the variance thresholds requirements. This benefit ensures additional security.
The main guideline for the development of Paralink nodes is the ability to exchange information in real time with real objects, while providing reliable asset valuation. Therefore, Paralink Network offers a secure economic solution for a streamlined and static exchange between chains and the real world, gradually demonstrating its potential to platform users.
## Related Pages:
Read about [Polkadot (DOT)](https://coinmarketcap.com/currencies/polkadot-new/) and [Ethereum (ETH)](https://coinmarketcap.com/currencies/ethereum/).
Read about the InterPlanetary File System ([IPFS](https://coinmarketcap.com/alexandria/glossary/interplanetary-file-system-ipfs)).
What are oracles? Check out an overview on our educational portal – [Alexandria](https://coinmarketcap.com/alexandria/article/oracles-the-all-seeing-eye-that-guides-crypto-networks).
What is smart contract risk? Find out [here](https://coinmarketcap.com/alexandria/article/what-is-smart-contract-risk).
The term DeFi was born in August 2018. Learn more facts about Decentralized Finance [here](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance).
## How Many Paralink Network (PARA) Coins Are There in Circulation?
The internal currency of Paralink Network is PARA, which is an incentive and governance token on Paralink blockchain. Staking is available to its holders. The maximum supply of the PARA token is 1 billion, and the tokenomics are structured as follows: 0.67% to public sale; 5.00% to private sale; 6.25% to strategic sale; 6.67% to seed sale; 13.5% to Paralink team; 20% to nominator rewards; 20 % to validator rewards; 10% to ecosystem and 17.91% to reserve.
Aside from the native token on Paralink blockchain, the developers plan to issue an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token on Ethereum at their token generation event (TGE), which will be convertible one-to-one with the PARA token.
An initial DEX offering ([IDO](https://coinmarketcap.com/alexandria/glossary/initial-dex-offering)) took place on May 24, 2021.
## How Is the Paralink Network Secured?
Paralink on-chain consensus algorithm, which runs on [Polkadot Substrate](https://polkadot.network/build/), provides the highest degree of application safety. Paralink Network offers three security models:
Simple Ingress – the most cost-effective option where Paralink nodes are used in multi-chain networks. This is done through any third-party data source, the authenticity of which can be quickly verified. However, this model is less efficient for complex financial applications and requires trust in a centralized node operator.
Trusted Ingress – a kind of Simple Ingress update that addresses the encryption of PQL results using cryptography. The results come from trusted data providers with personalized decryption keys. This model is an order of magnitude higher than Simple Ingress and is more functionally developed for financial applications, while incoming traffic is cheaper and easier to implement. Also, there is callback support for all chains.
On-chain Security – a model that doesn’t depend on any source for verification, and as a consequence it is almost impossible to hack. Close chain coordination is essential to implement this model, however, this option is a crucial addition in interaction with money markets and high-stakes financial applications.
## Where Can You Buy Paralink Network (PARA)?
As of July 2021, exchanges that support Paralink Network (PARA) include [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) and [ZT](https://coinmarketcap.com/exchanges/zt/).
To find out more about purchasing cryptocurrencies like BTC, ETH or PARA – read our simple and comprehensive [guide](https://coinmarketcap.com/how-to-buy-bitcoin/).
Stay on top of the latest trends and crypto updates with the CoinMarketCap [blog](https://coinmarketcap.com/alexandria/categories/blog).
[Click here](https://coinmarketcap.com/view/defi/) and check the top DeFi tokens by market capitalization.
If you read any of our previous AMA’s or Paralink Network documentation, you might encounter the term ‘on-chain consensus.’ In this blog post, we explain what on-chain consensus means 👇
https://blog.paralink.network/what-is-on-chain-consensus/
You still have time to submit questions for our next AMA 👇
https://blog.paralink.network/paralink-february-ama-announcement/
Dear Paralink community! 💎 After some delay, we are happy to announce our next AMA, and we are inviting you to submit your questions to our team! Click on the link below for more information! 👇
https://blog.paralink.network/paralink-february-ama-announcement/
Dear Paralink community! 📢💎
We are happy to announce the launch of our new redesigned website! 😍
Learn more here 👇
https://blog.paralink.network/new-paralink-network-website/
Hi everyone, we are in the process of updating the DNS records for the new http://paralink.network website – might not be accessible for some DNS regions. Should be up soon once the DNS refresh is done! Thank you for your understanding!
