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“ParaSwap first started in the middle of the bear market in summer 2019, so for us, we're always shooting features regardless of market conditions,” Mounir Benchemled, founder of ParaSwap, told CryptoX in an interview. “There is nothing like this product in terms of the privacy it offers in the NFT
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Airdrops are once again back in style following the recent five-figure token drop from the Ethereum Name Service protocol that kicked off a flurry of protocol engagements from hopeful crypto enthusiasts looking to get in on the next "crypto stimulus check."Paraswap is the most recent project to reward early adopters,
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Decentralized exchange ParaSwap has joined the ranks of DeFi platforms that launch their native governance token, PSP, via an airdrop. In most cases, these events cause a lot of hype in the community, as users are rewarded for supporting the platform. Related Reading | Real Vision CEO Raoul Pal Takes Bullish
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“We decided to prioritize the product over the token, because our belief was that in order to have a token the reason had to be decentralization,” Benchemled said. “Let’s build a fantastic product, let’s reach a critical mass with users and volume, and then let’s move to tokenize and decentralize.” Source
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ParaSwap has raised $2.7 million in seed funding from 32 investors including Blockchain Capital, Alameda Research, CoinGecko and more. Source
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