Paras Profile (PARAS)
Project Safety Score
Sun, Jan 23, 2022 9:20 PM
Paras is an NFT marketplace that focuses on digital collectibles. We thrive upon bringing conventional collectibles to crypto space. We started with digital art cards that were inspired by real-world trading cards that have been bulletproof and forever lasting since they were introduced back in the 80s. Paras, an all-in-one digital collectible marketplace, is eager to diversify the assets to digital collectibles. Alongside the rise of NFTs in 2021, we believe that NFTs are still at an early stage. The blockchain technology and smart contract capabilities could in fact create better experiences for many verticals that could not be facilitated by its web 2.0 counterparts. We envision Paras to be the beginning of NFTs development. We want to produce and develop crypto-native IP as we believe that by creating new exclusive IPs, we could tailor and design new experiences of these mediums: comics, games, and toys. Giving utility and use cases over digital assets could create more value to collectors and creators. In the end, we would like to build our own metaverse where Paras becomes the gateway to access multiple sources of entertainment.
Read more in the whitepaper:
Paras Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Paras Safety Report
Paras has a safety score of 2.7
Paras is a nano cap coin.
Paras is suited to a speculative investment style.
This profile is missing some data needed to perform a thorough analysis. Depending on what data is missing then this could have a negative impact on the overall rating.
- project team
- bitcointalk thread
- tradingview profile
Paras Red Flags
There are currently no Paras red flags.
Paras Development Score
The Paras project has 20 active source code repositories.
The most recent commit was Sat, Jan 22, 2022 12:44 PM
- 29 Watchers
- 19 Stars
- 46 Mentionable Users
- 0 Vulnerabilities
- 134 commits in the last 28 days.
- extremely high repo stars
- daily repo updates
- no stars
- no watchers
- no mentionable users
Paras Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- The overall sentiment is very positive
- Below average number articles to calculate the sentiment
Paras Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Paras?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Paras has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.
- very high hashtag tweets
- no reddit articles
- low gitHub account watchers
Paras Awareness Score
The awareness score indicates how well Paras is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Paras is but a good measure of longevity is how well the project is known by the general public.
Overall Paras this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- very low search result total
- poor number of news articles mentioning Paras
- no number of headlines about Paras
- very poor number of Paras YouTube videos
Paras Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Early project age (released Oct 22, 2021)
Paras Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- very poor USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Paras Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
Lots of missing data points
This profile is still waiting for the following data points
- project team
- bitcointalk thread
- tradingview profile
Market Cap Rank:
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