Solana’s Parrot Protocol Submits Tokenless Proposal, Buyers Face Threat of 89% Decrease Returns


A latest proposal from the group of the Parrot Protocol, a Solana-based liquidity community, has sparked controversy amongst group members.of suggestionwill maintain a vote till July 27, calling for the redemption of PRT tokens at liquid Treasury worth and a transition to a tokenless protocol.

Based mostly on this proposal, the PRT redemption worth was set at $0.0045 per token. in response to In response to CryptoRank information, the protocol has raised over $89 million since its launch in 2021, with a present return on funding (ROI) of -89% for preliminary DEX choices (IDOs) and new change choices (IEOs). A destructive ROI signifies that the investor has misplaced cash on their funding.

Parrot protocol token sale. Supply: CryptoRank.

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