A fresh proposal from the personnel in the abet of Parrot Protocol — a Solana-essentially essentially based liquidity community — has sparked controversy among its neighborhood members. The proposal, up for a vote except July 27, requires the redemption of its PRT tokens for liquid treasury charge and the transition to a no-token protocol.
In response to the proposal, the PRT redemption price was established at $0.0045 per token. In accordance to data from CryptoRank, the protocol raised over $89 million since its inception in 2021, with a most up-to-date return on investment (ROI) of -89% for investors in its preliminary DEX offering (IDO) and preliminary alternate offering (IEO). Having a damaging ROI indicates that investors devour misplaced money on their investment.
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