UPDATE | Parami Oct Recap and Q4 Prospect

3 min readNov 3, 2021

October has a yielding time. Parami team are going on the right track to deliver the final goals. Let’s watch November for the first item on our Q4 Prospect list.

Technology Progress

Social NFT

completed the influencer showcase page to display the liquidity and asset size of NFT shards
completed the NFT creation feature: after an influencer initializes DAO crowdfunding, users will support influencer with AD3 to launch the social NFT
refactored the DID module, adding tag and ad slot attributes for easier data integration
completed the advertiser features, users can register as advertisers, initiate bidding for ad slots, publish and edit ads

Parami Wallet & Liquid Swap

completed the swap pool features: after an influencer creates a swap pair, users can earn by adding liquidity, staking, and trading within the swap pool
optimized the account creation procedure
optimized DID encoding and avatar encoding, now supporting low-resolution (as low as 180*180) and anti-filter image recognition
support exporting control accounts, supporting transferring fees from funding accounts to control accounts
optimized local storage solution for better security

Misc.

completed unit testing and performance benchmarking of NFT creation, advertising operations and swap pools
updated the development framework to Substrate 0.9.12, now supporting the metadata attributes of assets, enhanced compilation performance, and removed redundant modules

Social Media

Twitter: 87.7 K+ followers (As of Nov 3rd, 2021)
Telegram (English)：102.1K+ Members (As of Nov 3rd, 2021)
Discord：844 members (As of Nov 3rd, 2021)

Operation

1.Oct. 12, Parami had an AMA hosted by DeCredit, Dorian presented the development and recent updates of Parami, feature the major update Social NFT module, recap here

2.Oct. 30, Parami launched Halloween @ Parami meme contest in Discord (discord.gg/bxFuekgvYJ), here are some outstanding memes, winners announced see here

Q4 Prospects

Initial DAO Offering
Community Premium Membership
Parami Liquid Swap launch
Parami Wallet launch on
Parami Testnet Dāna updated
Cross-chain support with ETH, SOL and more

About Parami Protocol

Parami Protocol is to build AD3.0 for Web3.0. Parami vehicles the social DAO(Decentralized Autonomous Organization) for advertisement distribution and traffic aggregation. Advertisers bid and pay for social NFT owned by both influencers and DAO members, which can monetize social impact and loyalty. Integrated to mainstream IM apps, Parami Protocol allows common netizens to readily cash in their attention instead of being exploited. Parami, the easy-to-use, contribution-rewarding, breach-proof gateway into the era of web 3.0.

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