Description
## What Is Parasol Finanacel (PSOL)?
Parasol Finance is the first-ever community governed IDO platform built on Solana with the needs of both projects and investors alike.
The key advantage as the ownership of Parasol tokens ($PSOL) gives a right of governance and voting on projects. Our governed platform will be an integral part of bringing new and existing projects and protocols into the Parasol ecosystem with the possibility to invest early. In the process, Parasol and the $PSOL token will become a foundation for enabling further development with partners, its own platform, and the ecosystem as a whole.
PSOL is the native utility token that is used for:
* Voting with the Token
* Governing with the Token: By using the DAO structure, PSOL holders can use Parasol Finance to participate in Governance decisions of the platform, such as deciding pools ratio on upcoming IDO, or voting on which IDO will be launched on Parasol
* Staking to participate in Parasol IDO
## How Many PSOL Coins Are There in Circulation?
Parasol Finance launches its platform on January 7, 2022, with 21 million PSOL tokens created at genesis. 3,045,000 $PSOL (14.50%) to Liquidity Providers: Distributed retroactively to existing liquidity providers, 3,150,000 $PSOL (15%) to Ecosystem Development, 105,000 $PSOL (0.50%) to Launch Rewards, 1,470,000 $PSOL (7%) to the Team, 4,410,000 $PSOL (21%) to the Marketing and Rewards, 4,410,000 $PSOL (21%) to the Private Sale and 4,410,000 $PSOL (21%) to the Public Sale.Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Parasol Finance has established itself as a formidable player. It is currently ranked #19,628 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Parasol Finance as a viable digital asset.
Wallet Support
In order to securely store your Parasol Finance tokens, you can use a variety of wallets such as Phantom, Sollet, Solflare, Ledger. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Parasol Finance, you can use various popular exchanges such as DexScreener. These platforms offer a seamless experience and allow you to manage your investments in Parasol Finance with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
