Parsec Credits Token Supply Details

The chart below depicts the token supply breakdown. The token supply is 30,856,775,800 PARSEC, with unsold tokens to be burned — reducing the market cap and increasing the scarcity of Parsec Credits.

Allocation of Parsec Credits

The following is an explanation of the token supply breakdown. All absolute PARSEC numbers quoted are those considered if the initial maximum supply of 30,856,775,800 PARSEC remains without burn.

70% (21,599,743,060 PARSEC) will be sold in the Pre-Sale and Crowd Sale. Distributed and useable immediately after the Crowd Sale has ended. The maximum amount sold in the Pre-Sale is 10.95%, with any unsold tokens carrying over to the Crowd Sale. Unsold tokens after the Crowd Sale will be burned.

will be sold in the Pre-Sale and Crowd Sale. Distributed and useable immediately after the Crowd Sale has ended. The maximum amount sold in the Pre-Sale is 10.95%, with any unsold tokens carrying over to the Crowd Sale. Unsold tokens after the Crowd Sale will be burned. 10% (3,085,677,580 PARSEC) will be distributed over 2 years to the project founders and developers.

will be distributed over 2 years to the project founders and developers. 10% (3,085,677,580 PARSEC) will be distributed to advisors and partners. Individual agreements apply, but many — including advisors — have vesting schedules.

will be distributed to advisors and partners. Individual agreements apply, but many — including advisors — have vesting schedules. 5% (1,542,838,790 PARSEC) will be used for community bounties, bug bounties and other appropriate schemes to market the project. These tokens will be available immediately upon distribution.

will be used for community bounties, bug bounties and other appropriate schemes to market the project. These tokens will be available immediately upon distribution. 4%(1,234,271,032 PARSEC) will be contributed to the Parsec Frontiers Foundation. These tokens will be locked for a year.

will be contributed to the Parsec Frontiers Foundation. These tokens will be locked for a year. 1%(308,567,758 PARSEC) will be released as an airdrop. Details of the airdrop will be made available at a later date. These tokens will be locked for one month after the Crowd Sale period ends.

Pre-Sale Period

The PARSEC Pre-Sale will open on January 24th, 2018 at 12:00 UTC and closes on January 31st, 2018 at 12:00 UTC. This will be a limited sale, open to applicants who are accepted by the team. Anyone can apply, but only a select number of applicants will be chosen to participate in this phase of the sale. The whitelist process shall ensure diverse token distribution, and help mitigate market risk imposed by single large token holders.

The Utility of Parsec Credits (PARSEC)

“The currency of the Parsec Frontiers virtual economy.”

The purpose of Parsec Credits is to be the in-game currency that keeps the wheels turning for all trade within the game world’s economy. It shall provide simple transfer of funds into and out of the game, and provide an easy way to estimate the market value of your in-game account and assets.

PARSEC is used when buying and selling items, resources and rights within the Parsec Frontiers economy. It is also planned to require a certain holding of Parsec Credits to be able to participate with a full node for validating transactions on the game asset blockchain.

Timeline/Roadmap

The table below depicts the Parsec Frontiers road map.

In Q2 2018, the rollout of asset auctions will commence. You will be required to hold Parsec Credits to be able to participate in the earliest auctions of items.

Apply to our Whitelist to participate in the Pre-Sale

The PARSEC Pre-Sale will open on January 24th, 2018. This will be a limited sale, open to applicants who are accepted by the team. Anyone can apply, but only a select number of applicants will be chosen to participate in this phase of the sale. The whitelist process shall ensure diverse token distribution, and help mitigate market risk imposed by single large token holders.

Apply for the Pre-Sale whitelist by filling out this form.

Whitelist-approved participants will be guaranteed to contribute their specific amount of ETH in the PARSEC Pre-Sale. You will need to be a part of our Discord server.

Remember to not use an exchange address such as Coinbase, Bitfinex, Kraken etc, but only to use an Ethereum-wallet that you have full control over. We recommend MyEtherWallet. Further instructions can be found here.

The full details of our token sales can be found in our Pre-Sale Document.