Parma Token

Community tokens were all the rage in 2021, tokens of the likes of SHIB, FLOKI, and SAITAMA, DeFi looked to be breaking barriers many thought were not possible in the cryptocurrency space. However, for the few successful tokens, there were hundreds of failed projects destined to never see the light of day. So what then was the key factor of those few successful projects? Why did SHIB, FLOKI, and SAITAMA rise above the rest and thrive? Their Culture.

Every successful project of 2021 found success by not just being a community token, but by becoming a family, a community, and a culture that each individual could enjoy. If you joined these communities, you were welcomed with open arms. You were able to meet and talk with many others in different walks of life, and make relationships that lasted far beyond just the original project. The networks of people that existed in these communities created avenues that allowed people to further develop both inside and outside of the cryptocurrency space. The interconnection of individuals was the draw of these projects and this concept of networking, communication, and collaboration, is what Parma Token is all about.

PARMA is based on Parmesan cheese because cheese itself is representative of all forms of culture around the world. Types of cheeses are spread across the world and are noticeably different wherever you may go, but they all share one common trait, they are cheese. This is much like the community we are trying to build here at PARMA. We understand that each person in the community is an individual and brings their own unique skills to the table, but in the end, we all share the culture of PARMA. A unified family of PARMA holders that are able to enhance each other’s strengths and cover one another’s weaknesses.

PARMA is Culture.

The first of these culture building features will be PARMA Live. With PARMA Live, top holders of the PARMA token will be able to mint a unique NFT Ticket that will grant access to all things PARMA in the future. These tickets will be exclusively minted for free by the top holders of PARMA, but will then be available for trade on secondary markets such as Opensea (subject to change). The exact timing of the screenshot for whitelist purposes will be announced in the near future. All PARMA ticket holders will be required to also hold PARMA for verification purposes.

Some of the PARMA Ticket Holders benefits include:

• Lifetime Access to all PARMA live events. This includes concerts, clubs, parties, events, and seminars. Anything we do for the PARMA Token, ticket holders will be invited to join in on the action!
• Exclusive Whitelist opportunities for NFT partner projects and access to a private WL Alfa Discord server. Ticket holders will have priority in future mints/airdrops.
• 1 complimentary order of PARMA Token parmesan cheese. Once we have reached our goal of producing our own parmesan cheese, ticket holders will have a one-time redeemable parmesan package. There will also be limited VIP+ Tickets available for mint by top holders and other contributors with which details will be provided at a later date. For now, just know that these tickets will be rare and offer unique perks at our live events and in the cheese production.

Seeing as Parma Token was a completely fair launch protocol, there are no presale or team tokens. We also understand that not all holders of PARMA will qualify for the NFT Tickets, and we wanted to create a way that our smaller holders can be eligible for unique perks in the future. With this in mind, the PARMANodes were born.

PARMANodes will be a one time deposit of your PARMA Tokens for a lifetime distribution of PARMA rewards and benefits. At a low fixed cost of 1,000,000 PARMA per node (up to a max of 100 nodes), we hope that this will allow our smaller holders to participate in the PARMA ecosystem. The PARMA that is deposited to create the node will then be distributed to the rewards pool for future distribution to node participants. Rewards in the node pool will also be bolstered by team buybacks, and contests in the future. PARMANodes will be expected to return 100% of the PARMA invested to the holder in the first 30-days from the creation of the node. This will be the BOOST period of the PARMANode and will equate to a rate of 33,333.33 PARMA generated per node, per day. After this 30-day period has passed, the PARMANode will lose its BOOST and have it’s returns halved to a rate of 16,666.67 PARMA per day.

PARMANode creators will also be entered into a number of giveaways/contests throughout the life of PARMA, including raffles of the PARMA NFT Tickets for a few lucky node holders, and ETH giveaways. More prizes may be announced at a later date exclusive to PARMANode holders. Details surrounding PARMANode operations will be updated frequently and monitored closely to maintain the efficiency in the PARMANodes and Rewards pool.

Taking PARMA cross-chain is a goal that is likely in the near future for the Parma team and token. We understand that gas fees are a big barrier to entry for many users on the Ethereum Blockchain and within the ERC-20 protocol. Due to this, we will be exploring our options of expanding the PARMA token cross-chain, be it through the Binance Smart Chain, Arbitrum, Polygon, Fantom, etc.

This will be up for public discussion at one of our upcoming AMAs and we would love to hear from our community which network you would like to see the PARMA family expand into and why!