A recent blog post announced that the closed alpha launch of blockchain game Parallel is set to take place in just three days on Tuesday Feb. 28, promising a new alternative for skeptics who ask “have you played the game?” For now, only a select few can answer that question affirmatively.
But on Wednesday, PRIME tokens will become transferable, and almost 60,000 wallets holding Parallel cards will have a claimable balance.
The total circulating supply of PRIME is estimated to be around 20.2 million as of March 1. Of that, 19.7 million was emitted through Prime Events and caching, while 0.8 million was absorbed by sinks. Only three sinks are currently live, but additional utility is expected in the coming weeks and months with new sinks set to launch and one existing sink set to evolve.
Meanwhile, investor, founder, and EP PRIME allocations will not factor into the circulating supply until their 24-month linear unlock schedule begins, with investors starting on July 18 and founders on September 30. The 1.2 million PRIME allocated to launch partners will be available on day one.
Emissary Prime election submissions are now open until the end of this month, with nine candidates currently in the running. In the first two weeks of March, Echelon will be hosting Panels, group discussions with candidates moderated by the internally elected EPs. On March 15, the election begins, with holders required to claim their PRIME before that date to be eligible for voting.
In related news, the Defined API has released a new set of endpoints for Parallel, completing phase one of their PRIME grant proposal. The new endpoints will power Parallel community tools, deck builders, and metagame analysis. Additionally, the PRIME logo has been updated, with fans encouraged to share their thoughts on the new design.
