New Listing: Parallel (PAR)

Announcing a new listing Parallel (PAR) for Bittrex Global customers. The PAR wallet is open for deposits and withdrawals. The BTC-PAR market is now open for trading!

Disclaimer: The below information is provided directly from the token team. As per our terms of service, Bittrex Global does not control, endorse, or adopt any of the information below and shall have no responsibility for such Third-Party Content, including without limitation material that may be misleading, incomplete, erroneous, offensive, indecent, or otherwise objectionable.

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From the Mimo Website:

Our mission at Mimo is to be the safest way for you to access the best of the services available on the blockchain. We are starting with a protocol that provides a safe way to mint and earn in a new stable token pegged to the Euro.

The Mimo protocol is a decentralized price-stable token issuance protocol on the Ethereum blockchain. Mimo is a suite of applications that eliminate trusted intermediaries including the PAR token which is the world’s first Euro-pegged stablecoin. For more information, please check out the Mimo Whitepaper.

First you’ll need an ERC-20 Wallet and some wETH, wBTC, or USDC. Once completed, return to Mimo DeFi to start using the protocol to provide liquidity and mint PAR. Remember that each transaction on Ethereum costs ETH (this is called the “gas fee” and it’s paid to miners to keep the network running).

Mimo has a unique opportunity to bridge the existing chasm between the DeFi world and trusted world of regulated financial institutions by offering a fully decentralized stablecoin platform with loans & savings (under development). This will allow us to both move fast and leverage the existing trends in DeFi and offer a highly competitive product to our user group.

Every interaction with the Ethereum blockchain requires you to pay a gas fee, which is measured in units of ETH called Gwei (1 billion Gwei = 1 ETH). You will be charged for more Gwei if the network is busy or the transactions are more complex such as while using DeFi Apps.

The PAR token is a decentralized, collateral-backed synthetic asset algorithmically stabilized to the Euro currency. The tokens are kept stable by collateral locked in a smart contract vault.

Trade BTC-PAR now at: global.bittrex.com

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