Paribus token holders can vote on governance proposals and stake their PBX token to receive a share of protocol fees using the Paribus Governance site.
PBX token has been issued by the Paribus team on Ethereum, Arbitrum, and Cardano blockchains.
Paribus token is a governance and utility token used for protocol governance and can be staked to earn a share of platform fees.
The PBX token used by Paribus protocol was first launched on August 27, 2021. It later launched on Ethereum Mainnet in March 2024.
Paribus has an initial supply of 10 billion tokens. 40% were reserved for the token sale, 33% for the ecosystem, 15% for the foundation, 7% for advisory roles and 5% for liquidity provisioning.
