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The future of DeFi in the palm of your hand.
With 40,000 users, 2M payments, and the first decentralized financial derivatives protocol we're building the future of finance
Instant global payments + DeFi 2.0
Join 40,000 people using Parachute.
Meet ParJar Wallet
ParJar Wallet was launched to let friends, family, and coworkers send instant global payments in the same places they chat. Over 1.5m payments later, we've layered in the coolest DeFi tools to let you access a world of decentralized finance like nothing else.
Swap coins for other coins using the liquidity of Uniswap
Our flagship product, ParJar, gives anyone with a Telegram account access to the liquidity of Uniswap through an industry-leading UX. It's all of the things you love about DeFi in the palm of your hand.
From bank to crypto with the power of Moonpay & Ramp
ParJar supports Fiat on/off ramps through credit card and bank integrations through our partners at MoonPay & Ramp. It's like having a personal Coinbase for your Telegram.
Send crypto in a click to anyone in the world
ParJar was built to help friends connect. Whether it's a crypto group, fantasy league, or work chat, ParJar lets global friend groups send each other cryptocurrency in the same places they chat.
Liquidity staking like never before
In the biggest PAR staking feature yet, Parachute is launching an in-app feature that gives you all of the perks of providing liquidity + a whole lot more - all for staking liquidity for your favorite projects.
Why use Parachute?
We believe in building amazing products that people love, while integrating real use and value for our token, PAR. With 40,000 users and 1.6m payments, and the launch of Hedgey.finance, we wake up every day to find the newest and coolest ideas, and push them to the next billion crypto users.
What does PAR do?
The Parachute Token (PAR) is integrated throughout our products.
1.000.000.000
PAR tokens were created at a fixed supply.
Governance
As ParJar Wallet moves a fully DAO, staking PAR unlocks governance and distribution of fees collected through the platform.
Reduced fees
PAR can be staked inside Parachute products for reduced fees associated with dApp utility.
Integrator
PAR will be used as the primary fee source for all integrations, including buying, selling, secure sending, swapping, staking, and multi-currency fiat payments.
Burn
A portion of tokens collected through fees will be swapped for PAR and burned, reducing the total supply on a rolling basis.
Validation
In our first staking function, locking liquidity into the Uniswap protocol through ParJar wallet unlocks access to token distributions and token-curated groups.
Company
A portion of tokens collected through fees will be returned to the company for operations.
Grants
A portion of tokens collected in fees will be allocated to supporting the blockchain ecosystem through grants, as decided by PAR governance.
The Big Picture.
ParJar Wallet is just the beginning. Over three big phases, Parachute is aiming to build big, democratize finance, and become a DeFi product like none other.
Today
We've started with ParJar wallet. It lets anyone send crypto through chat apps, swap coins for other coins through our Uniswap integration, and move from bank to crypto in a click. Our near-future integrations will transform ParJar into the coolest DeFi aggregator you've ever known.
Phase 2
With a solid user base, we're launching a web-based experience that creates global private sending, access to expanded DeFi integrations, and unlocks our next chat-based platforms. This phase finishes with Parachute transitioning to a non-custodial offering.
Phase 3
Having matured our products and transitioned to a non-custodial solution, phase 3 will focus on creating the DAO of Parachute. The governance staking contract will launch on-chain voting to set fees across the platform, as well as act as a distribution of collected fees to governance participants.
Past.
Q1 2018
The PAR contract goes live with distribution to our first 100 early adopters.
Q1 2018
Parachute Community launched to discover early stage projects, build community.
Q2 2018
Eight projects launched through early Parachute validation program (aka "Super Troopers")
Q4 2018
Partnership with Google Blockchain and Parachute enters WeWork Labs.
Q3 2018
Q1 2019
Parachute launches alpha project for instant, no fee sending of crypto in group chats
Over 130m PAR distributed to early supporters in year one for being invovled.
Q1 2019
Parachute partners with 30+ B2B companies.
Q3 2019
Q3 2019
ParJar goes live on Telegram with instant, no fee, multi-currency support
Q1 2020
ParJar crosses 1,000,000 transactions and 30k users
ParJar crosses 17k users and 320k transactions with first PAR utility launching (ParGas.)
Q2 2020
Parachute partners with Transak for global fiat on/off ramp
Q2 2020
Parachute technology patent pending with the USPTO
Q3 2020
Swaps goes live with support of Uniswap liquidity
The Parachute Roadmap
Future.
Extended Onramps and Offramps for Europe, Russia, and LatAm + Apple Pay on Ramp
Q1 2021
Q2 2021
Q1 2021
Three years of vesting from founding Team
Parachute launches Hedgey.FInance
Q2 2021
Q2 2022
PAR burn and grant fund allocation go live via PAR governance.
Launch Parachute Vaults. Secure, non-custodial asset protection utilizing PAR products with staking integration.
Q2 2022
Q4 2020
ParJar open access for groups goes live.
Q3 2022
Fiat support in 160 countries through PAR utility.
Q3 2022
B2B and merchant portal integration with fiat and cryptocurrency support.
Smart contract integration to decentralize PAR tokenomics and governance
Q4 2023
Fully decentralized dApp for sending, swapping, buying, selling, and staking integrations in Parachute products.
Q4 2024
On-chain message based OTC inside Parachute products.
The Parachute Team
Lindsey Winder
Lindsey is a three-time tech founder who's built large scale health-tech products in NYC. He holds membership as a NYSEDC alumni, NJHIT Alumni, and NYCHITLabs alumni. Lindsey also has a background in product design and marketing.
Alex Michelsen
Alexander is a CFA charterholder and with an extensive finance background with JP Morgan Chase and WeWork. Alex also has a software engineering background in developing smart contracts on the Ethereum network.
Shawn Simas
Shawn is a full-stack senior developer with extensive blockchain experience. He's operated as the lead software engineer and smart contract engineer for Cryzen in addition to developing and auditing smart contracts for top-tier blockchain companies.
The Community Team
