Para, a blockchain-based platform, provides solutions for artists, content creators, and the entire entertainment industry in a multi-dimensional way.
Para was created to provide artists and content creators with a new avenue of income that is free from the current challenges within the industry. Unlike other platforms, artists and content creators will have a steady revenue stream and will no longer have to worry about pirating issues.
What makes the Para platform stand out is the team behind the project and its native token, Para. The team is primarily involved in the entertainment industry, especially in Germany. The team is estimated to have access to over 50 million people. Notably, this has helped Para secure deals with some major artists in Germany.
The Para token is the official native token on the platform. The token was created to easily navigate the platform while enjoying lower gas fees and access to various products and services. As a token, Para is created to suit the needs of all within the cryptocurrency marketplace, including newbies.
Currently, the token a has a total of 1,000,0000,000 Paras in circulations. From this, 50% will be used to provide liquidity for exchanges like SushiSwap and QuickSwap. Note, in the coming days, the platform plans to burn 50% of the initial Liquidity pool tokens to ensure a balance between flexibility and security. 30% of the total tokens in circulation will be used for influencer marketing. The remaining 20% will be divided between the development team and funding the Para Reserve. Notably, the Reserve will take care of emerging needs like liquidity mining rewards.
Para is still in its development stages and has a long roadmap ahead. Currently, the platform is planning to start its non-fungible token (NFT) platform for influencers, stars, and entertainers. When launched, the NFT platforms will reportedly hold one of the most significant NFT sales ever seen in the European market. During the first NFT drop, Para hopes to reach more than 15 million people.
Para will begin 2022 by allowing holders access to special giveaways connected to the NFT platform. Months down the line, the project hopes to grow the platform to a big marketplace to accommodate the growing numbers. Eventually, the team hopes to onboard Para tokens in different businesses within the entertainment industry. In the second quarter of 2022, the platform will allow artists and content creators to release their NFTs and launch its metaverse in the late third quarter or early fourth quarter of 2022.