A cryptocurrency roadmap is a strategic outline of a blockchain project’s goals and milestones for the future, It outlines the project’s technical, business, and operational objectives, as well as the steps that the development team plans to take to achieve those goals and typically includes information about the project’s core features, functionalities, upcoming upgrades, and new releases. It also includes information about the project’s long-term vision and goals, including its plans for scaling, partnerships, and community engagement.
And It’s important for investors and users of crypto communities to understand that the absence of specific dates on a roadmap does not necessarily indicate a lack of progress or commitment to the project. The Paribus team’s focus on creating a flexible and adaptable roadmap suggests that they are taking a thoughtful approach to their development process, and are committed to delivering a high-quality product in the long term.
THE PARIBUS UPDATED ROADMAP
- MVP AND ADDED FEATURES
Paribus team is in the final stages of preparing their Minimal Viable Product (MVP) for release. The MVP is an important milestone for any blockchain project, as it provides a working model that demonstrates the core features and capabilities of the platform.
It’s clear that the Paribus team has taken time in developing the MVP, and have appreciated the patience of their community as they’ve iterated and improved the product. This suggests that the team is committed to delivering a high-quality product that meets the needs and expectations of its community users.
The fact that the MVP is undergoing audit and security updates before release is also a positive sign. Security is a critical consideration for any blockchain project, and it’s important to ensure that the platform is robust and secure before launching to the public.
2. GOVERNANCE
The governance mechanisms and processes play a crucial role in determining the direction and development of a cryptocurrency ecosystem.
The governance structure of a cryptocurrency project can vary, and different projects may employ different mechanisms to achieve their governance goals. Some projects rely on a small group of developers to make decisions, while others use a decentralized approach that allows all token holders to vote on proposals and changes to the protocol.
One popular mechanism for cryptocurrency governance is through consensus algorithms, such as Proof of Stake or Delegated Proof of Stake. In these systems, token holders are able to participate in the governance process by staking their tokens and voting on proposals that affect the protocol.
Other projects use on-chain governance proposals, which allow token holders to submit proposals for changes to the protocol that can be voted on by the community. Off-chain discussions in forums and social media can also play a role in cryptocurrency governance, as they allow members of the community to voice their opinions and influence decision-making.
Overall, effective cryptocurrency governance is essential for ensuring that the project remains transparent, responsive to the needs of its users, and able to adapt to changing market conditions.
Paribus Protocol is centered around vePBX, which the team is taking a thoughtful approach to governance by also researching and learning from governance failures in other protocols, the team is taking a proactive approach to ensuring the success and stability of the Paribus ecosystem.
Given that governance is such a crucial aspect of any cryptocurrency project, it’s important that the Paribus team takes the time to carefully consider the mechanisms for submitting and voting on proposals, as well as how to avoid common governance pitfalls.
And the fact that paribus team is currently in the development phase of vePBX suggests that they are still in the early stages of designing their governance approach. This is a good time to be exploring different options and considering the needs of the Paribus community.
Overall, the Paribus team is taking a thoughtful and deliberate approach to governance, which bodes well for the long-term success of the project. By prioritizing good governance, the team is setting the stage for a transparent, inclusive, and sustainable cryptocurrency ecosystem.
3. NFTs
Given the explosive growth of the NFT market in recent years, it makes sense for Paribus to be exploring ways to unlock the liquidity within NFTs and offer new ways for users to leverage these assets.
It’s also notable that the team is looking ahead to the next bull run, which is expected to begin in late 2023. By planning ahead and positioning ourselves for the increase in NFT liquidity that is likely to accompany the bull run, Paribus is taking advantage of the growing interest in NFTs and offer new value propositions to users.
Paribus team is planning their own NFT collection is also intriguing. By creating their own collection, Paribus can showcase the capabilities of their NFT module and offer users a unique and compelling experience. This could also help to attract new users to the platform and build community around the Paribus ecosystem.
It’s notable that the CTO, Simon, is thinking about the broader use cases for NFTs beyond just buying and selling digital assets, and is exploring how NFTs can bring real value to Paribus users.
By offering NFT loans and potentially integrating with metaverses, Paribus is positioning itself at the forefront of the evolving NFT landscape. And by creating their own NFT collection, they can offer unique and compelling benefits to users that go beyond what is available in the wider NFT market.
It’s also promising that the team is keeping the specifics of their NFT plans under wraps until they get closer to release. This suggests that they are taking the time to carefully consider the design and functionality of their NFT module, and are focused on building something that will truly add value to the Paribus ecosystem.
Paribus is taking a thoughtful and proactive approach to NFTs, and is looking to push the boundaries of what is possible with these innovative digital assets. As the market for NFTs continues to grow and evolve, it will be interesting to see how Paribus positions itself to take advantage of new opportunities and offer unique value propositions to users.
4. INSTITUTIONAL
Paribus is developing an institutional offering called Paribus Pro by offering KYC and AML technology as standard, Paribus Pro will be able to provide institutional clients with a greater level of collateralization flexibility. This is an important feature, as institutions often have unique risk management requirements that need to be met in order to participate in these markets.
In addition, it’s notable that Paribus is also incorporating privacy protection elements into the Pro platform. This will help to ensure that sensitive commercial data is enshrouded, which is a critical feature for institutional clients who need to be able to protect their proprietary information from potential front-running by other market participants.
Paribus Pro is being designed with the needs of institutional clients in mind, and is aiming to provide clients with the tools and features they need to successfully participate in the cryptocurrency and NFT markets. As more and more institutions begin to explore these markets, it will be interesting to see how Paribus Pro is received and whether it is able to carve out a unique and valuable niche in this space.
5. METAVERSES
Meta-Mortgages is an exciting new offering that Paribus is developing to unlock liquidity in metaverse real estate portfolios. As the metaverse becomes increasingly important in the way people live, work, and socialize, Paribus aims to be at the forefront of this new technology.
Meta-Mortgages will provide a new way for metaverse real estate owners to leverage their portfolios without having to sell their virtual property. By using their virtual property as collateral, owners will be able to access loans that can be used to fund new projects or to invest in other areas of the metaverse.
As with other Paribus offerings, Meta-Mortgages will be built with a focus on security, privacy, and flexibility and this will allow users to feel confident in the security of their virtual assets and enable them to take advantage of the full range of possibilities that the metaverse has to offer.
FOR MORE INFORMATION
Official Website
https://paribus.io/
TWITTER
https://twitter.com/paribus_io
TELEGRAM
https://t.me/paribus_io
MEDIUM
https://medium.com/@paribus_io
DISCORD
https://discord.io/paribus
