The cryptocurrency market has made it a point to integrate into mainstream workings, and with the advent of several new tokens, that job has been made much easier. ParJar, a popular social cryptocurrency wallet with its native Parachute token shot to fame after it promised to make paying tips a simpler and more straightforward task. The official handle of the cryptocurrency recently tweeted:
“And the tips keep on rolling! ParJar just crossed half a million tips!!! 21,000 people in over 500 communities use ParJar to share crypto with friends. BOOM #cryptoforeveryone #bitcoin #eth #crypto”
Launched this year, Parachute has amassed quite a following who believe in the asset’s mainstream functionalities. The community now consists of 21,000 users who made a total of 512,000 tips.
The statistics also showed that 20,000 deposits were made with a total of 33,000 withdrawals. Users of the token were thrilled to see the progress of the digital toke, with many claiming it to be a fascinating event. The ParJar community relies on a couple of factors to ensure that its members stay loyal to the program.
ParJar has made it easy to reward the customers who use the token on a routine base, even ensuring that they get a name in public. The organization abides by the motto of creating and conserving project ambassadors to create a tight-knit crypto community. ParJar functions as a tool for community managers, enhancing games, competitions, community airdrops, and other basic functionalities.
The crypto works as an off-chain wallet for Telegram that enables you to send digital tokens to other people who are also on Telegram. As soon as a user has a wallet, they can deposit some coins into it and start sending crypto to other users immediately. The native PAR token is one of many cryptocurrencies that users can send on the wallet, with Bitcoin, Bitcoin Cash, and Dogecoin being some of the other options.
At press time, the PAR token was trading for $0.000411 after a 4.28 percent drop in prices. The cryptocurrency held a total market cap of $145,841, with a 24-hour market volume of $1,800. The project has begun getting widespread attention with users such as Eustace Bagge stating on Twitter:
“I have been a ParJar user for over a year, and think it is by far the best Telegram integrated project. Useful and at the same time easy to operate, it has really improved my cryptocurrency experience, and has exposed me to a wonderful community of people. The team has a work ethic that is sorely lacking in the cryptocurrency space, and even regular business.”
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