# ParallelCoin Binance Dex Listing Proposal **Project Summary** ###### Project Name ParallelCoin ###### Your name and position David Vennik, Lead Developer and Architect ###### A one-sentence pitch about your Project Open, Programmable, Distributed Business Administration Systems for All ###### What are you planning to achieve with your project? - To build an application development and deployment system for distributed applications that you can access to whatever level of skill, from simple scripting and calculation/spreadsheets up to full blown heteregenous, sharded virtual shared environments. - To replace the mess of software repository services and development environments with one simple system based on Golang, RPC API and CLI scripting, using the Plan 9 from Bell Labs inspired server-oriented, and build a set standard libraries to ease the process of learning to develop on the platform. On ParallelCoin's network, everyone can build tools and easily share them and fork other people's tools without limitation. ###### What is the team size now? Please list each core member of the Project team and outline their role and responsibilities. If any project member is involved in other projects, please clearly state their commitment and how they avoid conflict of interest. ### ParallelCoin Team #### Djordje Marcetin Founder, Webmaster, systems administrator and web application developer with 20 years of experience, intermediate level Go programmer and Systems Administrator running our web systems. #### David Vennik Blockchain and GUI developer with 5 years experience, specialising in protocols, architecture and ergonomics. 15 years experience as sole-trader entrepreneur in IT support and training, and life-long passion for computer science. David is the main programmer working on the current Plan 9 Hard Fork for ParallelCoin #### Frank Neumann IT Security Consultant with over 20 years of experience, tasked with business liason and compliance, to now mostly negotiating with cryptocurrency exchanges. #### Dane Zivanovic Entrepreneur in construction industry with 12 years experience, Dane is the cat-herder of our development team. #### Cedomir Vukobrat Civil Engineer and Draftsman with 20 years experience in project planning, delivery and legal compliance. Cedomir's industry experience gives us a concrete, market-based problem to solve - improving inventory, logistics, market availability and price discovery, facilitating compliance with local government regulations and presenting the portfolios of construction industry project management companies. #### Project Website [https://parallelcoin.info](https://parallelcoin.info) ###### Share a link to your project’s whitepaper [https://github.com/p9c/matrjoska/blob/main/docs/whitepaper.md](https://github.com/p9c/matrjoska/blob/main/docs/whitepaper.md) ###### Share a link or image of your roadmap Insert Roadmap Here ###### Where are you right now in your roadmap? Late Alpha for Plan 9 Hard fork, estimated to be finished beta by July ###### What is the business model of the Project? To facilitate the development of a community of specialists and promote the adoption of our platform as a means to participate in the decentralised economy. ParallelCoin's planned application development environment is not just for on-line services but includes web but focusing on ###### What is the potential user base and market opportunity? We are aiming to gain adoption especially by small and medium businesses, assisting them to integrate crypto payments and administration systems into their existing setup. ### Token Information & Economics ###### Token Name and Symbol ParallelCoin - DUO ###### What is the primary use case of your token? On-chain service fees for Oracle state update transactions, payments for users of chain-connected market and exchange services and payments in general. ###### Where else can your token be used? ###### What is the total supply of your token? Currently at around 220,000, with at least 170,000 known to be out of circulation either permanently or for some time to come (from exchange hacks). The upcoming Plan 9 Hard Fork will recalibrate the chain to emit a total of 1,000,000 tokens and a minor fork planned later upgrades to 256 bit token denomination precision to account for the small supply. ###### What is the circulating supply of your token? Approximately 240,000 DUO ###### Please provide a breakdown of current token allocation. Tokens have never been allocated on this chain, only mined. An issue of funds to remunerate the developers and team members and fund the team is planned to take effect upon the Hard Fork ###### Please provide a list of team wallets that hold your token. Currently only the legacy wallet [https://github.com/p9c/p9/releases/tag/1. 2.0](https://github.com/p9c/p9/releases/tag/1.2.0) ###### Please provide all lockups in place for any holders of the token. We are currently in the process of learning about options for building the bridge for the token, it is pretty much standard bitcoin JSONRPC2 and so it should not be complicated to do it, as is the script engine still identical to bitcoin. ###### Are you compliant in all jurisdictions that you service and operate in? We are not engaging in any fiat gateway services and have currently no formal investment vehicle, and there is no securitization in our protocol and none is planned, though such may be part of future projects building on the development environment we are planning for after the fork. ###### Is the token currently running on any network other than Binance Chain? none at all ###### Please provide explorer links to each version of the token. [https://oldex.parallelcoin.info/](https://oldex.parallelcoin.info/) ###### Please provide a detailed token migration plan. What mechanism will you be using? We intend to have a bridge server that a user can load with their stock of DUO tokens, add further by deposit, and at the will of the owners of these tokens, lock them using scripts to enable issuance on the Dex, like how the Bitcoin Binance Bridge works, using the SDK and based on an existing, proven bridge system. ###### What is the exact timeline of opening the swap/bridge to the public? Will you be able to complete this prior to the end of the voting period? If yes, please provide evidence that it the swap/bridge is ready or close to being ready. At this point we don't even know where to find the starting point to building a bridge as the Binance Bridge has no source code released and other than ethereum bridges we have not yet found anything that can do this. The binance documentation is unhelpful in this also. ###### ~~If your tokens currently still sit in only 1-5 addresses, please provide the timing of when they will be fully allocated to users.~~~ N/A: tokens are only mined, none to date issued under special consensus conditions. ###### Is the token currently listed on any other exchange? What are they? [https://dex-trade.com](https://dex-trade.com) - however this is an untrusted exchange with dubious credentials that we are warning our users to not use. ### Funds ###### Did you conduct an ICO or any type of fundraising? When was it? Never, never will, though there will be an issuance upon hard fork activation to remunerate developers and provide a base fund for promoting the project. ~~How much in total did you raise?~~ ~~How much have you spent in total thus far? What have you spent these funds on?~~ ###### How much runway does your project require to ship the final product? The hard fork has already over 2.5 years of work wrapped up in it and should be less than 3 months to release. See the timeline above for information about the development platform project time estimates ###### What currency/coin/token do you plan to hold your funds in? Primarily Bitcoin and other major well known tokens, we don't have a formal structure, each team member is managing their own capitalisation at this point. ###### What’s your coin storage/conversion policy? Do you only convert to fiat when you spend? We are HODLers... fiat is only for running expenses because the supermarket hasn't adopted our not-yet-existing business administration system. ###### How do you plan to publish your spending each month? The bridge will have automatic and IPFS-mirrored storage of the ledger of locks, unlocks, cross-chain migrations. If this question relates to the spending of investment funds, we have no public investment so there is nothing to report. ###### Where are your funds stored? Please provide the addresses for public community tracking. We have no formalised structure yet and are waiting on clues how to make our Bridge and that will be where the funds are managed and ###### ~~~If you have plans to conduct an IDO, please provide a detailed plan including IDO format, methodology, timeline, fundraising goal and amount of tokens, and sale price.~~~ ### Development ###### What are the technological innovations of the project, if there are any? We are building a distributed application development environment targeted at all levels of skill, from rudimentary scripts like in spreadsheets, to simple logic like shell scripting and seamlessly merged with pure Go code, upon which we will be building systems to implement and distribute and secure the data for various Oracles and other databases like for managing inventory in production lines, distribution and logistics. All businesses of over about 10 employees has someone who can write simple logic to make custom tools for a business. We want to put tools in their hands that make decentralised networks as easy as Excel, Word and Access. ###### Where are your code repositories located? [https://github.com/p9c](https://github.com/p9c) The two most important repositories are [matrjoska](https://github.com/p9c/matrjoska) and [pod](https://github.com/p9c/p9). The former is where current work is going on while there is a lot of changes in API and restructure/refactoring, the latter is where the full release will live. ###### Do you have any products or UI demos can you share publicly? Are any built by your community, as opposed to being in-house demos? We have one initial prototype of the planned construction industry administration system, a calculator that allows a user to inventory all of the materials and services required for a construction project, and generating all of the necessary documentation required to submit to planning authorities. Our team member Cedomir will be managing the curation of the Oracles that we will build with his knowledge in the field in the region we intend to deploy first (Serbia). ##### Do you plan to release weekly progress updates in this forum? We are in late stages of finishing a complete suite of web sites amongst which will be reports and blogs from the team, if it is simple to link the API we could push the relevant ones to this forum so we don't have complicated manual work required to propagate the updates. ##### Do you plan to host monthly or bi-monthly video AMAs? Once we have dealt with current ongoing issues with securing sufficient working capital and the hard fork is completed we will need to promote both what we are doing and helping users with building stuff on our platform. ### Competitors ###### Who do you view as your current competitors/peers? As we see it, right now, nobody is building a distributed business administration system framework. There is centralised services, and there is specialised, narrow niches such as smart contract development, but we want to build the tools for everything from the GUI through middleware, deploying new sidechains and oracles, chat and messaging systems including collaborative work spaces (like MindMeister and Google Docs). So, in short, we don't have competitors right now, in the crypto space, and we are bringing ideas that have proven themselves from the centralised software development companies like Google and Microsoft, and putting them on decentralised systems so they are more secure and resilient. ###### What is your project’s competitive advantage over existing or potential future solutions? The main advantage is that the users can change our systems as much as they like, to exactly suit their own business, which also creates an opportunity for people that develop knowledge and skills in using it to become contractors providing such services.