IndustryPARSIQSaaS

PARSIQ Debuts IQ Protocol: A Risk-Free DeFi Protocol to Redefine the SaaS Market

Over the last year, the cryptocurrency space has evolved from an industry of speculative assets, to providing globally-usable financial products and services in a decentralized way. In fact, decentralized Finance (DeFi) has shown how blockchain technology can take over from, legacy systems to underpin the mainstream financial world.
Next in line: the Software as a Service (SaaS) market. This is the driving force behind PARSIQ’s all-new risk-free and collateral-free DeFi protocol.
PARSIQ Launches IQ Protocol Testnet on Ethereum 
IQ Protocol is PARSIQ’s first clean attempt at entering the DeFi space. It is the world’s first risk-free, collateral-less DeFi protocol to tokenize SaaS subscriptions in the DeFi sector. If the testnet, debuting on Ethereum, is successful, the public mainnet will launch in Q2 this year. 
The First-Ever Risk-Free Collateral-Less DeFi Project
The open-source IQ Protocol is fully trustless and seeks to build a diverse circular crypto-economy around SaaS subscriptions, bringing an innovative new approach to mainstream developers while also making vital DeFi services such as staking, borrowing, and lending easily accessible.
In a DeFi industry first, IQ Protocol does away with the collateral requirement to participate in the network or build on the protocol, eliminating the risks often associated with DeFi projects.
The risk-free open source development environment offered by PARSIQ will ramp up innovation in the sector and will allow the future of financial applications to blossom and reach mainstream penetration.
In addition, it combines blockchain technology and DeFi into a SaaS application that allows crypto-based ecosystems …
Story continues on Bitcoinist

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