The PARSIQ team introduces the general purpose encoder, the IQ Protocol
Contents
- Blockchain Neutral Solution for Subscriptions
- IQ protocol for DeFi and NFT products
The IQ Protocol, a new product by the blockchain analysis platform PARSIQ (PRQ) team, is set to reconsider the way the off-chain and off-chain realms are now bridging.
Blockchain Neutral Solution for Subscriptions
PARSIQ (PRQ), a leading decentralized team focused on building interoperability protocols for off-chain and on-chain interactions, releases its Intelligent Protocol to introduce the concept of subscriptions to a blockchain-oriented business.
However, with the IQ protocol, any organization can experience features such as cancellation/refund policies, various time frame considerations, amortization rate quotas, discounts and more in their subscription policy.
To achieve this goal, the IQ protocol implements the concept of PowerTokens. In B2B systems, PowerTokens act as a unit of accounting for resource usage, and not as a traditional token.
As such, every company can easily integrate the IQ protocol, regardless of their stance on cryptocurrency and blockchain.
IQ protocol for DeFi and NFT products
Released amid the euphoria of DeFi and NFT, IQ Protocol has functionality that allows its clients to take advantage of both parts.
The PRQ token can be locked via the IQ protocol to allow owners to earn returns on their stake. Also, PRQ tokens are accepted by PARSIQ as a payment instrument.
In the future, IQ Protocol will be able to build NFT rental platforms. As with cryptocurrency lending systems, digital art enthusiasts will benefit from their tokens.
