Stablecoins & paymentsIllustrative dataNot verified · no bond

Parity Cash

Euro-pegged stablecoin built for merchant payments and payroll.

Last updated Oct 4, 2026

NOTR verdict

Not yet

Saying ready: Voters 40% · Open poll 24%

Illustrative data. Parity Cash is a fictional example project for demonstration purposes only.

Not investment advice. NOTR publishes public data, analysis, and risk signals — never a recommendation to buy, sell, or hold.

Market cap: $215M
30d volume: $310M
Holders: 27.8K
Launch date: Feb 3, 2025
Chain: Solace L2

NOTR verdict · Should this project launch?

Not yet

Contested

Voters see open questions. The project can answer them and be voted on again.

At launch, the verdict is written by the NOTR team on public facts. As verified analysts join and earn rating for right calls, their weighted votes take over.

Verified voters3 of 5 say ready

Ready 40%Not yet 60%No 0%

Open poll1,290 votes

24% say ready. Anyone can join this poll, but it is not verified and never changes the verdict.

Critical flag open: Monthly reserve attestation is five months overdue..

Cast your vote

Evidence checklist: 4 of 8 checks met (what analysts start from, not the verdict)

Is it safe?

Passed, with 1 warning

No hard check failed. Soft checks are shown as warnings.

Entry checks →

Is the price and structure fair?

3 attention marks

A promise was missed · Questions unanswered · Critical red flag open

Price & structure →

Does it keep its word?

2 of 4 promises met

1 missed. Reply to our questions: no reply.

Promise ledger →

Step 0 · Entry

Entry checks

Automatic checks of what can be verified from public data, run before anyone votes.

Contract source verifiedDecides entry
Source verified.
Pass
No hidden mint or admin keysDecides entry
Mint and burn are limited to the licensed issuer, and published.
Pass
Token can be soldDecides entry
Transfers are unrestricted.
Pass
Official links match the contractDecides entry
Issuer registration matches the contract.
Pass
Audit publishedShown as a warning
Contracts audited, report public.
Pass
Team can be identifiedShown as a warning
Management verified.
Pass
Supply and vesting are publicShown as a warning
Monthly reserve report is five months overdue.
Warning

These checks run automatically on public data, before any review is written. A failed hard check keeps a project off the main list. Warnings stay visible, and the verdict weighs how much they matter.

Voters

Who voted, and what they staked

Every voter is a verified person with a public rating. Each puts reputation on the line with their call, and their reasons are public.

Noor HaddadAnalyst · 1,870
Treasury and finance · 15 of 18 past calls right
200 REP stakedNot yet
The monthly reserve report is five months overdue with no explanation.
Rina TakahashiAnalyst · 1,650
Onchain forensics · 14 of 19 past calls right
110 REP stakedNot yet
Merchant usage is hard to separate from exchange activity in the data.
Julian WeissMember · 1,420
Legal and compliance · 11 of 13 past calls right
80 REP stakedReady
A licensed, EU-regulated entity with public registration details.
Sara QuinteroAnalyst · 2,310
Team background checks · 19 of 26 past calls right
70 REP stakedReady
Management is verified and has a documented track record in payments.
Ada LindgrenAnalyst · 2,140
Smart-contract security · 17 of 20 past calls right
60 REP stakedReady
The contracts were audited and the report is publicly available.

How votes are counted

Every voter is a passport-verified person with a public nickname and a rating (REP).
To vote, a person stakes part of their REP on the call. Nobody votes for free.
When the facts come in (promises kept or broken), people who were right gain REP, and those who were wrong lose what they staked.
The more REP staked, the more the vote weighs. All Newcomers together count for at most 25% of the total, so a crowd of new accounts cannot decide a verdict.

Concept with invented analysts and numbers. The exact rules need design and legal review.

Your vote

Should this project launch?

Verified people vote. Every vote needs a written reason and a staked rating, and stays sealed until the window closes.

Preview, votes are not saved

Is Parity Cash ready to launch?

Only passport-verified people can vote, one account per person. You start as a Newcomer with 100 rating. Newcomers together carry at most 25% of the total weight, and your weight grows as your calls turn out right.

1. Your vote

2. Why? Required.

Write at least 60 more characters.0 / 60

3. Reputation you stake: 50 REP

Your rating is 100, so you can stake at most 50 REP, half of it. If the facts prove you right you gain 60% of the stake. If you are wrong the stake is burned. A higher rating means a bigger possible stake and a heavier vote.

4. I do not hold this project's token and have no link to its team.Hidden conflicts found later mean a ban and loss of rating.

No reason, no vote. At least 60 characters, so a bare “yes” or “no” is not accepted. Votes stay sealed until the window closes.

Open poll

What readers wrote

Anyone can comment and join the open poll. It is not verified and does not change the verdict.

merchant_miaCommunity · Oct 1, 2026
Settlement for my shop is great. I would just like to see a fresh reserve report.
peg_watcherCommunity · Aug 15, 2026
That August dip was brief, but the sell pressure came from very few wallets.
euro_eliCommunity · Sep 8, 2026
No attestation since May. I moved most of my balance out.

Attention marks

A promise was missed recorded fact
1 of 4 dated promises in the ledger are marked missed.
Questions unanswered recorded fact
The project did not reply within the 7-day window.
Critical red flag open recorded fact
Monthly reserve attestation is five months overdue.

Marks point at structures that have hurt buyers before. They do not remove a project from the list, they are not a forecast, and they never replace the verdict. How each mark was tested

The price

Opening valuation (FDV)

$600M

Last private round

$150M

Series A, Aug 2024

Jump over the last round

Valuation / yearly revenue

200x

Revenue $3M a year

The supply

Trading at launch

20%

Share of total supply

Unlocks in next 12 months

Share of total supply

The full unlock calendar, in dates and amounts, is on the Onchain & whales tab.

Who paid what

Group	Share of supply	Paid vs opening price	Lock-up
Public buyers	20%	1x	None
Investors	20%	0.2x	6-month cliff, then monthly over 12 months
Team and advisers	20%	–	6-month cliff, 18-month vesting

A group that paid 0.2x of the opening price is sitting on a five-fold gain from day one. That is not wrong in itself, but buyers should know it and know when that group can sell.

What similar launches did

Launches with an opening valuation over $300M

20 launches · 80% below first-day price · median −57%

Launches with 15–25% of supply trading on day one

32 launches · 72% below first-day price · median −54%

From our backtest of real launches, as context for Parity Cash and never as a forecast. Explore the data

Who is behind it

About Parity Cash

What it does, who runs it, and where to reach them.

Parity Cash is a euro stablecoin meant for shops and payroll. Each token should be backed by euro reserves, and the company promises regular reports on what is held. The latest reserve report is overdue.

Ticker: PRC
Founded: 2024
Legal entity: Parity Payments UAB
Jurisdiction: Lithuania (UAB)

Team

Viktoras KazlauskasIdentity verified
CEO
Payments executive; ran compliance at a licensed e-money firm.
Hanna LehtonenIdentity verified
CFO
Chartered accountant, previous treasury roles at fintechs.
Two board membersNot verified
Board
Not publicly named.

Links and contacts

Websiteparity-cash.example
Docsdocs.parity-cash.example
X@paritycash
Telegramt.me/paritycash
GitHubgithub.com/paritycash
AuditReserve attestation (latest: overdue)
Contacthello@parity-cash.example

Placeholder contacts for a fictional project. Real pages will link to the project's own, checked accounts.

Market

Market cap

Weekly, illustrative market cap over the trailing 6 months.

Market cap

$215M+0.0%

Promise ledger

What the project promised, and what happened

Dated, measurable promises published by the project. When the date passes, the facts decide who was right, and ratings change.

Launch with 1:1 reserve backing
DoneFeb 3, 2025
Shipped on the announced date with a reserve attestation.
EU e-money license
DoneSep 15, 2025
License number and register entry verified.
Monthly reserve attestations
MissedMay 31, 2026
Monthly reports promised; the latest is dated May 2026, five months old.
Itemized reserve composition
In progressDec 1, 2026
Announced; no draft published.

Voting history

How past polls ended

Parity Cash has 4 closed polls on whether a specific, measurable milestone was met. 2 of 4 ended as “Met”. Each result is shown next to what the public record says, so you can see when the crowd and the facts agree.

Share of votes saying “Met”, by poll (oldest to newest)

Was the monthly reserve attestation published for September?
Not met
Met 4%Unsure 12%Not met 85%780 votes · closed Oct 2, 2026
Public record: No attestation has been published since May 2026.
Was the August depeg resolved within 24 hours?
Met
Met 59%Unsure 19%Not met 22%590 votes · closed Aug 20, 2026
Public record: The peg recovered within 18 hours.
Did Parity Cash publish a reserve attestation for June?
Not met
Met 6%Unsure 11%Not met 83%630 votes · closed Jul 4, 2026
Public record: No June attestation exists in the public record.
Did Parity Cash receive its EU e-money license on time?
Met
Met 74%Unsure 17%Not met 10%420 votes · closed Sep 20, 2025
Public record: License verified in the regulator's public register.

Illustrative preview. Voting is not open yet. Votes are weighted by each voter's track record, and they never change the evidence checklist. It changes only when public data changes.

Right of reply · No response yet

Parity Cash was invited to respond on Sep 29, 2026 and has not yet replied.

NOTR analysis

Our written breakdown

Green and red flags identified from the public record, with what would change the picture.

Green flags

Licensed EU e-money institution with published redemption terms.
Source: Project website
Supply expands and contracts with real deposits and redemptions; there is no speculative token.
Source: Onchain explorer

Red flags

The monthly reserve attestation is five months overdue (critical).
Source: Reserve attestation
Reserve composition is not itemized and the bank custodian is not named.
Source: Reserve attestation
A brief depeg in August came from concentrated selling by very few wallets.
Source: Exchange listings

What would improve the checks

Publish a current, independently attested reserve report. This alone lifts the cap.
Name the custodian bank and itemize the reserve composition.
Resume a monthly attestation cadence and keep it.

Checklist

Evidence checklist

The 8 things NOTR checks in public data. Each one is marked met, partly met or not met. There is no total number, because a total would hide which check failed. Analysts start from this list. It supports their vote, it does not replace it.

Onchain activity

Transaction volume, active wallets, and contract usage trends over the last 90 days.

Partly met

Payment counts growing steadily; most volume is exchange-to-exchange transfers.

Source: Onchain explorer

Team verified

Whether core contributors have confirmed, cross-checked identities and a track record.

Met

Management is verified; two board members are not publicly named.

Source: Project website

Code audit

Coverage and severity of findings from independent smart-contract audits.

Met

Mint/burn contracts audited; one medium finding is still open.

Source: Audit report

Tokenomics and unlocks

How concentrated supply is and whether the vesting schedule is public and being followed.

Met

No investor token; supply expands and contracts with deposits and redemptions.

Source: Onchain explorer

Kept past promises

Share of publicly committed roadmap milestones the team actually delivered on time.

Partly met

Monthly reserve reports were promised; the last one is five months old.

Source: Project website

Treasury transparency

Whether treasury wallets are disclosed and spending is reported on a regular cadence.

Not met

Reserve composition is not itemized; the bank custodian is not named.

Source: Reserve attestation

Legal structure

Existence of a named legal entity, jurisdiction, and terms covering the token or product.

Met

Licensed e-money institution in the EU; terms of redemption published.

Source: Project website

Manipulation signals

Wash-trading, coordinated social activity, and other red flags detected in market data.

Partly met

Brief depeg to 0.987 in August with unusually concentrated selling.

Source: Exchange listings

Met: clear public evidence. Partly met: some evidence, with gaps. Not met: the evidence is missing or points the other way.

Sources

Project website
Reviewed redemption terms, license page, and reserve reports.
Reserve attestation
Latest published attestation is dated May 2026.
Onchain explorer
Supply changes and large redemptions traced over 90 days.
Exchange listings
Peg stability reviewed on the four listed venues.
Audit report
Smart-contract audit dated January 2026.

Market cap: $215M
Circulating supply: 215M PRC
30d volume: $310M
30d volume / market cap: 144%
Liquidity depth: $21M
Tightest spread: 3 bps

Market cap

Weekly, illustrative market cap over the trailing 6 months.

Market cap

$215M+0.0%

Where it trades

Harborex carries 29.1% of 24h volume. Wide spreads and thin depth on a venue mean the volume there is easier to move.

Venue	Type	Pair	24h volume	Share	Spread	Depth ±2%
Harborex	CEX	PRC/EUR	$3M	29.1%	3 bps	$3.1M
Cobalt Exchange	CEX	PRC/EUR	$2.9M	28.5%	3 bps	$3M
Lanternswap	DEX	PRC/EUR	$1.6M	15.7%	3 bps	$1.6M
Northgate	CEX	PRC/EUR	$1.4M	13.4%	3 bps	$1.4M
Tidepool	DEX	PRC/EUR	$1.4M	13.3%	3 bps	$1.4M

Venues are fictional examples. Real project pages will list actual exchanges with data from public market APIs.

Supply and unlocks

Cumulative share of total supply unlocked over time.

20%

Feb 25

Initial mint (backed 1:1)

35%

Aug 25

Merchant program mints

55%

Feb 26

Payroll partner mints

Already unlockedScheduled

Weekly active wallets

9.5K+61.6%

Weekly onchain volume

$78M+98.2%

Top 10 holders

Addresses are fictional. On real pages every labeled wallet links to a chain explorer.

#	Wallet	Label	% of supply	30d change
1	GzB6…HKDP	Issuer reserve wallet	11.5%	-3.1%
2	ygYe…Qnxy	Exchange hot wallet	9.2%	+5.8%
3	H7Ni…k5RX	Exchange cold wallet	7.1%	-7.9%
4	s6nZ…WPt3	Payroll partner treasury	5.7%	+0.2%
5	gvq9…ZhAG	Market-maker wallet	4.7%	-0.3%
6	UBqC…hvAe	Merchant program wallet	3.9%	-7.1%
7	CxFv…eX3J	Exchange hot wallet	3.2%	+7.9%
8	n3Y7…B3We	Unlabeled wallet	2.6%	-5.1%
9	dSCg…uDmY	Unlabeled wallet	2.2%	-8.2%
10	8VMG…fUJi	Unlabeled wallet	1.8%	-4.4%

Holder concentration

52%held by the top 10 wallets — moderate concentration

Top 10 holdersEveryone else

Liquidity depth

$21M

Treasury runway

18 months

Recent large transactions

Wallet	Type	Value	Date	Note
2gLn…6wRa	Sell	$8M	Oct 3	Redemption through issuer
5uQe…1hVz	Buy	$3.5M	Sep 30	Mint from exchange wallet
7xDm…4cPs	Transfer	$12M	Sep 22	Exchange cold → hot wallet
9bJt…8nKf	Sell	$5.9M	Aug 14	Concentrated sell during the August depeg
4rZy…2eBu	Buy	$4.2M	Aug 15	Market-maker wallet restoring the peg

Illustrative data. Parity Cash is a fictional example project for demonstration purposes only.

Not investment advice. NOTR publishes public data, analysis, and risk signals — never a recommendation to buy, sell, or hold.

How it works

Is it safe?

Is the price and structure fair?

Does it keep its word?

Then one verdict

Parity Cash

Not yet

Entry checks

Who voted, and what they staked

How votes are counted

Should this project launch?

Is Parity Cash ready to launch?

What readers wrote

About Parity Cash

Team

Links and contacts

Market cap

What the project promised, and what happened

Launch with 1:1 reserve backing

EU e-money license

Monthly reserve attestations

Itemized reserve composition

How past polls ended

Our written breakdown

Green flags

Red flags

What would improve the checks

Evidence checklist

Sources

Market cap

Where it trades

Supply and unlocks

Top 10 holders

Holder concentration

Recent large transactions

AI analyst