PARSIQ is an automation platform that acts as the "glue" between blockchain applications and real-world applications. It accomplishes this by facilitating the creation of related workflows and notifications between common blockchains and off-chain systems.

Similar to automated tools such as Zapier, PARSIQ allows users to initiate various workflows or notifications when certain events occur. Currently, the tool can define this logic for the following blockchains: • Bitcoin • Ethereum • Binance Smart Chain (BSC) • Dash • Algorand • Huobi Ecological Chain • Celo • Solana • Polkadot

PARSIQ's platform standardizes all chains related to users into an easy-to-use system-which means that no matter what kind of blockchain, only one platform is needed to manage all the workflows and notifications required by users.

You can understand it this way. If the technological world is the ocean of the world, then the continent is its centralized system, and the Layer 1 blockchain (Ethereum, Bitcoin, etc.) is the island. The PARSIQ team did not build another island, but decided to build a universal bridge between all the islands and the continent across the ocean.

Why do I need to program any workflow from on-chain to off-chain?

Although the adoption and use of blockchain is rapidly increasing, many systems and processes that we rely on in our daily lives still exist in the off-chain world. Think about the applications on your mobile device-how many of them are actually connected to the decentralized world? In the foreseeable future, having a bridge connecting these two spaces will be more important than ever. This will allow users to respond in a timely manner to events that involve their interests on the blockchain.

Blockchain transactions can happen in near real time, and as long as each block is confirmed, such transactions will proceed immediately. However, not all platforms will provide a way to monitor these transactions, especially for offline wallets or wallets managed on platforms that do not provide instant notifications.

According to the complexity of your target digital asset, you can use PARSIQ's real-time monitoring function for different purposes.

If you are just a digital asset holder, there is always the risk of losing funds, so when someone tries to steal your coins, you may need to know that there is an unauthorized transaction attempt on your wallet.

This is a simple workflow for monitoring your wallet: if my wallet tries to send a transaction, then notify me via Discord. Since real-time monitoring means instant notification, you will receive a reminder when the transaction confirmation starts, so you have time to react in time and prevent corresponding losses.

If you are a relatively skilled trader, you may be interested in preemptive trading. After understanding this, there is usually a short but obvious lag before the blockchain transaction is confirmed and reflected in the asset price. The monitoring workflow will be automated and improve your search for various opportunities. For large incoming transfers that may result in the confirmation of the sell transaction, it may take at least 20 minutes to complete.

This is a special feature that is not available in traditional transactions-the openness and transparency of the blockchain makes this feature possible. However, you can also use manual blockchain scrolling scans, or simply use workflows to gain such insights: If this whale wallet wants to transfer more than a certain amount of coins to the "sales wallet", then use Telegram Come and notify me.

Now, you are ready to take some trading actions before the currency pair you are interested in is sold in large quantities.

In countless PARSIQ use cases, everyone can definitely find something useful for themselves or their business. These include: monitoring transactions and user deposits and obtaining funds, compliance and risk management automation, accounting automation, auditing, financial reporting, transaction automation, and automatic notification of user balance changes, etc.

Today, PARSIQ is widely used for various commercial purposes. Here are three basic if-this-then-that (if..., then...) automation processes that corporate customers can run with PARSIQ:

1. If my company receives a deposit on Bitcoin address A, B or C, it will convert the summary of the deposit into data and send it to Google Sheets and send a "thank you" email to the customer.

2. If there is any deposit from a blacklisted or high-risk address, then mark the account for additional screening, and then notify our compliance inspector through the Slack software.

3. If the total turnover of deposits on the day exceeds a certain amount of U.S. dollars, then the financial report is sent to the accounting program we use.

"PARSIQ's smart trigger (h is essentially from the blockchain to the off-chain smart contract), can extend the functions of the smart contract to the outside world."-PARSIQ's CTO Alan Durnev said.

For ordinary investors, the reliability of information sources is very important. All correct operations are based on reliable information sources. If the information is inaccurate, no matter how hard we try, the next actions are likely to be futile. So don't say anything, let's honestly follow the chain news.

Second, follow the partners or incubation projects of popular projects on Twitter, such as the Beta airdrop. If you follow the AlphaFinanceLab project, you will not miss it. Argent’s partner is gro. Good projects have ecological effects. Recently, the defi2.0 ecosystem can also be paid attention to.

This article is still about the source of information, but compared with the first article, this article has a further extension. Teddy told us that while finding good projects, we should also pay attention to the ecological development of good projects. Because for us, a good project usually drives more than just one point, it is likely to be another aspect.

Third, follow the big V on Twitter (Loot who asked people to slap his thigh, if you follow spencernoon, you will not miss it). The daily ape of Darrenlautf of the Daily News is very good. Follow the Twitter of well-known founders, such as: @StaniKulechov, @AndreCronjeTech, @ Danielesesta, @ASvanevik.

The third article is about the source of information. The information source Terry said here comes from the big v in the circle. In order to facilitate everyone's attention, Terry specifically listed their Twitter accounts.

Fourth, find fast-growing projects by observing the data. You can use DefiLlama and tokenterminal to see data such as project lock-up and revenue. Projects that have grown rapidly for several days can be added to the watch list.

Teddy suggested that we should always pay attention to the development of project data, use the data to objectively understand the progress of the project, and then select excellent investment targets.

Fifth, discover new projects by observing the trend of smart money. For example, some idos with very high return rates can be discovered through the real-time flow of smart money. The tags of smart money need to be collected by yourself. The community has compiled some for your reference a few days ago. The charging tools are @nansen_ai

Trending concept creation, design by well-known artists, limited purchase (mint), buyers change to avatars, buyers form a community, marketing (such as inviting stars to change avatars), profit from transactions, airdrop other avatars or accessories, and use NFT for mining , Puzzles, games, etc.

The avatar NFT has a different logic from traditional cryptocurrency industry projects. Traditional cryptocurrency projects are more like stock securities, while avatar NFTs are like online fashion clothing + collectibles.

Returning to its origins, avatars are essentially the "face" or "clothes" of the Internet world. The difference is that this costume will not be damaged. Its biggest problem is that it can be easily copied/plagiarized, and the blockchain helps it complete the confirmation of rights, so it can be collected, transferred, and profitable.