PRQ - Parsiq - IEO ongoing - opinions?

[BQ]

The PARSIQ project is a blockchain AML/compliance based service,
as from their website: www.parsiq.io

They currently are hosting an IEO at CoinMetro.

Price is 0.025€ per token!

PRQ/EUR is now LIVE on COINMETRO!

Does anyone have any opinions on this token/project?

From Coinmetro's Twitter:


You can stake your PRQ for max up to 12 months, earning 2% per month!
More information on their website

[shinratensei_]

Coinmetro is a US-based exchange site and it doesn't have a lot of volume https://coinmarketcap.com/exchanges/coinmetro/
PRQ coin doesn't look good for me especially it was running its IEO on a small exchange site without big liquidity and that can bring the price of the token to the bottom easily.
If you are having an intention to participate in PRQ IEO and i suggest you not try to do that consider it has more than 80% of chances to be dumped.

You can take a look at how a lot of IEOs become failed after they launched on the small exchange that can't bring liquidity.

[Fesatmas]

Coinmetro is a US-based exchange site and it doesn't have a lot of volume https://coinmarketcap.com/exchanges/coinmetro/
PRQ coin doesn't look good for me especially it was running its IEO on a small exchange site without big liquidity and that can bring the price of the token to the bottom easily.
If you are having an intention to participate in PRQ IEO and i suggest you not try to do that consider it has more than 80% of chances to be dumped.

You can take a look at how a lot of IEOs become failed after they launched on the small exchange that can't bring liquidity.

Yes, I will not take part in IEO in the small exchange. I have felt that in the past I only threw away money, the chance of success was small, it is true that you are also better off looking for IEO in large exchanges with the largest volume.

[BQ]

Coinmetro is a US-based exchange site and it doesn't have a lot of volume https://coinmarketcap.com/exchanges/coinmetro/
PRQ coin doesn't look good for me especially it was running its IEO on a small exchange site without big liquidity and that can bring the price of the token to the bottom easily.
If you are having an intention to participate in PRQ IEO and i suggest you not try to do that consider it has more than 80% of chances to be dumped.

You can take a look at how a lot of IEOs become failed after they launched on the small exchange that can't bring liquidity.

It's an interesting observation.
CoinMetro is not US-based though, just to point that out!
US + EU traders are welcome.

About liquidity, you're right, an IEO on a more popular exchange makes sense.

However, PARSIQ is a compliance/AML tool, CoinMetro is 100% regulatory compliant,
perfect fit. Binance with their fake BNB pumped into IEOs etc, well, not good I think.

We'll see how it goes!

CoinMetro is about to start real marketing after release of TRAM (Trade Mirroring) and some other new features, volume can move quickly.

[BQ]

Found their whitepaper:
https://www.parsiq.io/whitepaper.pdf

"PARSIQ is a monitoring tool for compliance officers, market analysts, blockchain developers and researchers."

[BQ]

From Coinmetro's Twitter:

You can stake your PRQ for max up to 12 months, earning 2% per month!
More information on their website

[DaMut]

To be honest, I like PRQ concept with their monitoring solution. It looks professional and neat, and It is extremely good for a journalist or researcher who likes to do some research based on transaction statistics because we are able to monitor the transaction with PRQ.
But it is very unfortunate for the team to choose the wrong place to do the IEO, you can find something else or you can wait for another exchange to finish their AML/KYC procedure in January 2020 and then runs the IEO there. Personally speaking, this could kill the project. It is better to delay it "a little bit" other than forcing it "to finish it".

[BQ]

To be honest, I like PRQ concept with their monitoring solution. It looks professional and neat, and It is extremely good for a journalist or researcher who likes to do some research based on transaction statistics because we are able to monitor the transaction with PRQ.
But it is very unfortunate for the team to choose the wrong place to do the IEO, you can find something else or you can wait for another exchange to finish their AML/KYC procedure in January 2020 and then runs the IEO there. Personally speaking, this could kill the project. It is better to delay it "a little bit" other than forcing it "to finish it".

CoinMetro and Parsiq are doing a lot of mutual work I think.
CoinMetro, being ahead of the game in terms of regulation, have helped Parsiq design their systems for exchanges and such.

So, it makes sense. Can't go with Binance, the pinnacle of money laundering..?
 

Hopefully this helps attract some attention to CoinMetro, and Parsiq.
Likely big players in the future.

[DaMut]

CoinMetro and Parsiq are doing a lot of mutual work I think.
CoinMetro, being ahead of the game in terms of regulation, have helped Parsiq design their systems for exchanges and such.

So, it makes sense. Can't go with Binance, the pinnacle of money laundering..?
 

Hopefully this helps attract some attention to CoinMetro, and Parsiq.
Likely big players in the future.

I know both of them are working mutually but why rushing it and list it on a low exchange? as I said before, you could delay it for a little bit and find a suitable exchange to do that.
since AML/KYC will be implemented fully in January 2020. Delaying the project for 6 months is not a big deal, in business a year or two years is nothing compared to its future.
and I never said anything about Binance, that is true they are doing that. That was why I never mentioned them here since it is regulatory compliance.
It is possible for them to be big players in the future, but deciding to take the gamble with them is not a good thing. What you need to have right now is demand, and they are not able to give you sufficient demand because of a lack of popularity.
I just wanted to tell you to re-consider the IEO process.

[CryptoBry]

Generally speaking, I am not anymore investing my cryptocurrency funds (Eth and Bitcoin) with any new projects but from time to time I do make some exemption? Based on the available information on the website, I can sense some good potential with the PARSIQ platform. The market intelligence and monitory products or services can be doing well if the team can be able to develop ties with many institutional customers and that is leading me to my question: How the platform is going to monetize itself or produce its revenues? Is it through subscription or advertising/sponsorship? Overall though, I am impressed with this project and hope that it can be a good player in the world of cryptocurrency and blockchain most especially in uncovering personalities behind many big scams and frauds.

[BQ]

CoinMetro and Parsiq are doing a lot of mutual work I think.
CoinMetro, being ahead of the game in terms of regulation, have helped Parsiq design their systems for exchanges and such.

So, it makes sense. Can't go with Binance, the pinnacle of money laundering..?
 

Hopefully this helps attract some attention to CoinMetro, and Parsiq.
Likely big players in the future.

I know both of them are working mutually but why rushing it and list it on a low exchange? as I said before, you could delay it for a little bit and find a suitable exchange to do that.
since AML/KYC will be implemented fully in January 2020. Delaying the project for 6 months is not a big deal, in business a year or two years is nothing compared to its future.
and I never said anything about Binance, that is true they are doing that. That was why I never mentioned them here since it is regulatory compliance.
It is possible for them to be big players in the future, but deciding to take the gamble with them is not a good thing. What you need to have right now is demand, and they are not able to give you sufficient demand because of a lack of popularity.
I just wanted to tell you to re-consider the IEO process.

tell me? I'm not affilated with PARSIQ,
I did buy 5000 PRQ for a ticket to the 100k raffle. 

What do you mean with: since AML/KYC will be implemented fully in January 2020? Any link?

Generally speaking, I am not anymore investing my cryptocurrency funds (Eth and Bitcoin) with any new projects but from time to time I do make some exemption? Based on the available information on the website, I can sense some good potential with the PARSIQ platform. The market intelligence and monitory products or services can be doing well if the team can be able to develop ties with many institutional customers and that is leading me to my question: How the platform is going to monetize itself or produce its revenues? Is it through subscription or advertising/sponsorship? Overall though, I am impressed with this project and hope that it can be a good player in the world of cryptocurrency and blockchain most especially in uncovering personalities behind many big scams and frauds.

PARSIQ users can either pay with the TOKEN or fiat for the services,

They have launched a beta at beta.parsiq.io I think.
Very interesting to hear that you think that it's this useful!

[spadormie]

The exchange site this PRQ will take place is not that good exchange in terms of volumes. Actually this is the first time I heard of this exchange site, coinmetro. Fame and volumes are variables for a better result in IEO.

I guess we'll just have to look for what will happen to this project. I hope that they would be successful for this.

[lolgato1]

I am not interested in IEOs that are held on exchanges on not popular exchanges with low volume.
Because the main advantage of IEOs is the fact that there is a guarantee that the token will be listed on that exchange after pre-sale. 

[Vitamin_52]

the project at first glance is not bad, but people stopped investing in projects. need now first the product and then only to ask for money. Yes of course IEO is more reliable than ICO. and it is possible somewhere to see information about the collected funds?

[cherryganda]

Not all project on an IEO will survive and get the success.
You must also consider the volume of the exchange you will use.
In this i think the team failed to choose a good one! they must have another exchange as soon as possible!

[DaMut]

tell me? I'm not affilated with PARSIQ,
I did buy 5000 PRQ for a ticket to the 100k raffle. 

What do you mean with: since AML/KYC will be implemented fully in January 2020? Any link?

Ah, I thought you are part of the team because you kept posting the announcement regarding PRQ and answering our questions.
I do not know which exchange is going to comply or fulfill the requirement, but I believe before 2020 there will be some announcement regarding this.
here is what I was talking about to you https://ciphertrace.com/q2-2019-cryptocurrency-anti-money-laundering-report/
this is what they were talking about;

AMLD 5 Regulations Must Be Committed to EU Countries Laws by January 20, 2020
It has been one year since the European Commission released the 5th Anti-Money Laundering Directive (AMLD 5).
Member states are obliged to put the regulations into respective national laws by January 20, 2020. Crypto asset businesses have less than six months to comply.

[Kotone]

The project is quite okay actually. But the exchange seems prettt new and doe!snt have much volume, its gonna be okay if they pick a bigger exchange such as gateio, binance, or kucoin. The goos project should conduct an ICO instead of launching in a new platform which people isn't used to use. Im not saying CoinMetro isnt good its just new, and needed time to be exposed more.

[khiholangkang]

The project is quite okay actually. But the exchange seems prettt new and doe!snt have much volume, its gonna be okay if they pick a bigger exchange such as gateio, binance, or kucoin. The goos project should conduct an ICO instead of launching in a new platform which people isn't used to use. Im not saying CoinMetro isnt good its just new, and needed time to be exposed more.

Having an IEO in a big exchange like you mentioned isn't easy, lots of projects want to hold an IEO there but only a few are accepted
I think if this project is good, he will be able to get enough funds wherever the IEO is implemented

[desticy]

Coinmetro is a US-based exchange site and it doesn't have a lot of volume https://coinmarketcap.com/exchanges/coinmetro/
PRQ coin doesn't look good for me especially it was running its IEO on a small exchange site without big liquidity and that can bring the price of the token to the bottom easily.
If you are having an intention to participate in PRQ IEO and i suggest you not try to do that consider it has more than 80% of chances to be dumped.

You can take a look at how a lot of IEOs become failed after they launched on the small exchange that can't bring liquidity.

You say the right thing. Most, if not all, IEOs on small exchanges, as a rule, did not give the desired result. After entering the exchange, a dump occurs.
In this case, you need to remember that the project conducted a bounty, and has already distributed awards to the participants.
Due to the low capitalization, the sale of bounty coins can greatly affect the price, which will lead to an instant reduction in price by 50% -100%.

[BQ]

Hosting at a big exchange could result in whales buying up and dumping like ONE.