ParallelAI (PAI) is an emerging cryptocurrency token built on the Ethereum blockchain, leveraging the widely adopted ERC-20 standard. Designed with a focus on artificial intelligence integration and decentralized computing, PAI aims to bridge the gap between AI technologies and blockchain infrastructure. As of the latest data, PAI is trading at $0.09155**, showing a notable **17.88% increase** over the past 24 hours. With a current market capitalization of **$9,155,779 (ranked #1917), and a 24-hour trading volume of $187,810 (ranked #1406), PAI is gaining traction in the crypto community.
Despite being a relatively new entrant—launched on September 26, 2024—ParallelAI has already established foundational infrastructure across major crypto platforms and developer networks. The total token supply is capped at 100 million PAI, with no maximum supply limit indicated (∞), suggesting potential future minting mechanisms. However, circulating supply data is currently unavailable.
Built on the Ethereum network, PAI benefits from high interoperability, security, and access to a vast ecosystem of decentralized applications (dApps). Its smart contract address is 0x13e4b8cffe704d3de6f19e52b201d92c21ec18bd, and it uses 18 decimal places, aligning with standard ERC-20 token precision.
Understanding ParallelAI’s Market Metrics
Price Performance and Volatility
The current price of $0.09155 reflects strong short-term momentum, as evidenced by the 17.88% surge in value within 24 hours. This level of volatility is typical for newly launched tokens, especially those tied to trending sectors like AI and machine learning. While historical price data for longer periods (7D, 1M, 1Y) remains limited due to its recent launch, early indicators suggest growing investor interest.
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Market Capitalization and Trading Volume
With a market cap just over $9.15 million**, PAI occupies a niche position in the broader cryptocurrency landscape. Tokens in this market cap range often present high-risk, high-reward opportunities for early adopters. The 24-hour trading volume of **$187,810 indicates moderate liquidity, which may improve as more exchanges list the token and community engagement grows.
Low trading volumes can lead to price slippage and increased volatility, so traders should exercise caution and consider using limit orders when buying or selling PAI.
Tokenomics Overview
- Token Name: ParallelAI (PAI)
- Blockchain: Ethereum (ETH)
- Token Standard: ERC-20
- Smart Contract Address:
0x13e4b8cffe704d3de6f19e52b201d92c21ec18bd - Decimal Places: 18
- Total Supply: 100,000,000 PAI
- Max Supply: Not applicable (∞)
- Circulating Supply: Data not available
The absence of circulating supply data may raise questions about token distribution transparency. Investors are encouraged to monitor official channels for updates on token release schedules, staking programs, or vesting periods.
Use Cases and Technological Vision
ParallelAI positions itself at the intersection of blockchain and artificial intelligence. While detailed whitepaper documentation is still forthcoming, preliminary information suggests that PAI aims to support decentralized AI model training, inference services, and data-sharing protocols. By incentivizing users through token rewards for contributing computational power or datasets, ParallelAI could foster a community-driven AI ecosystem.
Potential applications include:
- Decentralized machine learning model training
- Privacy-preserving AI inference
- Tokenized access to AI tools and APIs
- Incentivized data labeling and annotation
Such use cases align with broader trends in Web3, where users seek greater control over their data and digital assets.
Where to Track and Trade PAI
Although comprehensive exchange listings are still being developed, PAI can be tracked via blockchain explorers like Etherscan using its verified smart contract address. Given its ERC-20 status, it is compatible with any wallet that supports Ethereum-based tokens, including MetaMask, Trust Wallet, and Ledger.
For real-time price tracking and chart analysis, crypto data platforms offer live updates on PAI’s performance across multiple timeframes (1H, 24H, 7D, etc.). These tools help traders identify trends, set alerts, and make informed decisions.
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Frequently Asked Questions (FAQ)
What is ParallelAI (PAI)?
ParallelAI (PAI) is an ERC-20 token built on Ethereum that aims to integrate artificial intelligence with decentralized computing infrastructure. It supports a vision of community-driven AI development through blockchain incentives.
Is PAI a good investment?
As with any cryptocurrency—especially newly launched ones—PAI carries significant risk. Its price is highly volatile, and long-term viability depends on project execution, team transparency, and adoption. Always conduct thorough research before investing.
On which blockchain is PAI available?
PAI operates exclusively on the Ethereum blockchain as an ERC-20 token, ensuring compatibility with thousands of wallets, exchanges, and DeFi platforms.
How can I buy PAI?
Currently, PAI may not be widely listed on major exchanges. Interested buyers should check decentralized exchanges (DEXs) like Uniswap or SushiSwap using the official smart contract address. Always verify contract details to avoid scams.
What is the total supply of PAI?
The total supply of PAI is set at 100 million tokens. There is no defined maximum supply, indicating possible future emissions based on protocol rules yet to be disclosed.
Where can I find official PAI resources?
Official links include:
- Website: parallelai.tech
- Blog: Medium (@Parallelai_blog)
- Community: X (formerly Twitter) @ParallelAIx
Final Thoughts on PAI’s Potential
ParallelAI enters the market during a surge of interest in AI-focused cryptocurrencies. Projects combining blockchain scalability with machine learning capabilities are increasingly attracting developer attention and venture funding. While PAI lacks extensive public documentation at this stage, its technical foundation on Ethereum provides credibility and accessibility.
Investors should remain cautious but curious. Early-stage tokens like PAI offer speculative opportunities but require patience and active monitoring. As more details about roadmap milestones, team members, and partnerships emerge, the true potential of the project will become clearer.
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