A current proposal from the staff at Parrot Protocol, a Solana-based liquidity community, has sparked controversy amongst its neighborhood members. THE proposaltopic to a vote till July 27, requires the redemption of its PRT tokens for liquid money worth and the transition to a tokenless protocol.
Based mostly on the proposal, the redemption worth for the PRT was set at $0.0045 per token. In accordance In keeping with information from CryptoRank, the protocol has raised over $89 million since its inception in 2021, with a present return on funding (ROI) of -89% for traders in its preliminary DEX providing (IDO) and preliminary trade providing (IEO). Having a unfavorable return on funding signifies that traders have misplaced cash on their funding.
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