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ParaState (STATE) ICO Details & Financial Information

ParaState (STATE) ICO start date, end date, financial information, whitepaper, team and other important information.
ICO NameParaState
SymbolSTATE
Start DateJanuary 10, 2022
End DateJanuary 19, 2022
Goal$8200000
StageIDO
Ends
4 Months ago

### What Is ParaState?

ParaState aims to bridge the application and developer ecosystem between Polkadot and Ethereum for Substrated-based blockchains, such as Polkadot parachains and other chains that want to provide Ethereum compatibilities, by extending the frontier of Ethereum with the Substrate framework. By supporting 20+ programming languages to create Ethereum-compatible smart contracts, ParaState unites a larger developer community to boost cross-chain interoperability. 

While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with a next-gen smart contract implementation environment, eWASM (Ethereum-flavored WebAssembly) through its eWASM VM (Pallet SSVM) to make any smart contract Ethereum compatible, a key objective of the Ethereum Foundation roadmap fulfilled in advance by the ParaState internal development team. These two infrastructures are ensured to talk to each other and share the same account system on ParaState. This is the differentiation ParaState provides to the developer community, to enable them to surf in the highly optimized industrial standard infrastructure while exploring brand new possibilities at the Ethereum frontier. 

ParaState has officially launched the public testnet, Plato, currently running as a standalone Substrate blockchain. The platform is prioritizing and emphasizing fast execution and delivery of novel research on production while committing to radical transparency and open-source values on its development journey.

Compared to Ethereum, Polkadot is faster, safer, and more developer-friendly. Since a majority of top-tier DeFi projects are built on Ethereum, these projects require compatibility with other blockchains to benefit from improvements such as scalability and interoperability crucial to their continued growth and competitiveness  in the space. 

#### That's where ParaState comes in.

We're optimistic about the future of ParaState, and here are just a few reasons why:

- Any Ethereum developer will be able to write dApps on Substrate Polkadot using ParaState --- appealing to a huge development community.

- Backward compatibility with existing Ethereum applications allows established projects to benefit from Polkadot's platform.

- ParaState is a recipient of the Web3 Foundation grant and was one of 21 projects selected for the[ 2021 Berkeley Blockchain Xcelerator Cohort](https://medium.com/polkadot-network/berkeley-blockchain-xcelerator-selects-several-polkadot-related-projects-for-the-2021-cohort-46839d704be4).

- With a next-gen VM infra, it future-proofs high performing Ethereum compatibilities by bringing Ethereum protocol support to the Polkadot Substrate ecosystem.

To see how easy it is to swap your ETH for PETH (ERC-20 token on ParaState), check out their tutorial and try it out yourself!

[ParaState-Ethereum Gateway User Guideline Video](https://www.youtube.com/watch?v=SLcU38AkWg4)

Follow[ ParaState](https://www.parastate.io/):[ Medium](https://medium.com/ethereum-on-steroids) |[ Telegram](https://t.co/38pD8nS3vi?amp=1) |[ Twitter](https://twitter.com/_ParaState) |[ YouTube](https://www.youtube.com/channel/UCz1U7EPMyxnfvXfunGt8O-g) |[ Discord](https://t.co/IbvdJtekJt?amp=1)

Whitepaper
Source Code
Community
Chat
Chat
Twitter

📢 We're pleased to announce our #AMA with @cryptominers_co on 30th May at 1:00 PM UTC 🔥

📓Rules:
1⃣ Join https://t.me/ParaState ; https://t.me/CryptoMiners_Co & https://discord.com/invite/zFS3Mnfpwj
2⃣ Follow @_parastate & @cryptominers_co
3⃣ Like & RT
4⃣ Comment Questions to win prizes💰

SafeStake, a trust minimized middle-layer fostering the decentralization of ETH2.0 staking 🔥

✅Low Validator Staking Threshold: 8 ETH
✅HotStuff Consensus protocol
✅Rust as source code
✅Governance through the ParaState DAO
✅Guarnteed passive income

https://medium.com/ethereum-on-steroids/d8caced8e819

With SafeStake, the power of the $STATE token will shine throughout the industry.

Understand the new economics and use cases for STATE tokens around the SafeStake- our latest secure, scalable and decentralized use case for ETH2.0 staking #eth2 #DAO

https://medium.com/ethereum-on-steroids/4a2445e45cd8

With WebAssembly, developers will be able to write smart contracts in the over 20+ programming languages in addition to Solidity.

Learn more about Programming Languages for deploying dApps with ParaState:
https://link.medium.com/IXIJm1XSZpb

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