ParaSwap Coin Price & Market Data
ParaSwap price today is $0.241601 with a 24-hour trading volume of $824,302. PSP price is down -13.2% in the last 24 hours. It has a circulating supply of 220 Million PSP coins and a total supply of 2 Billion. If you are looking to buy or sell ParaSwap, Sushiswap is currently the most active exchange.
PSP is the governance token for ParaSwap with the aim to provide a decentralized exchange aggregator that is decentralized and market efficient.
Token holders can participate in governance or stake them into ParaSwapPools which incentivizes market makers to participate in the ParaSwap aggregator and stay competitive. The side effect of this is that users will enjoy better liquidity and thus better price quotes for token swaps.
Initial release of the PSP token is allocated to a filtered list of 20,000 early users. To be eligible to claim the token, the user needs to use ParaSwap regularly and display traits of not being an airdrop hunter. The ParaSwap team decides that this is important in order to put the token into the hands of their best users.