PARS Token

The native treasury-backed token of Pars Protocol, designed as programmable, censorship-resistant money for the Persian diaspora.

PARS Token

PARS is the native token of Pars Protocol, fully backed by treasury reserves and designed to serve the Persian diaspora as programmable, censorship-resistant money.

Token Specifications

Property	Value
Name	Pars Token
Symbol	PARS
Network	Pars Network (EVM)
Standard	ERC-20
Decimals	18
Total Supply	Variable (algorithmically managed)
Treasury Backing	100% backed by reserves

What Makes PARS Different

Treasury-Backed, Not Pegged

Unlike fiat-pegged stablecoins, PARS is not locked to any currency. Instead:

Every PARS is backed by treasury reserves
Backing includes diversified assets (stablecoins, ETH, POL)
Value maintained through algorithmic stability mechanisms
No off-chain dependencies or custodians

Flatcoin Design

PARS is designed as a "flatcoin"—maintaining relative stability without fiat peg:

Price range enforced programmatically
Range-Bound Stability (RBS) mechanisms
Transparent backing ratio on-chain
Community-governed stability parameters

Why Not a Stablecoin?

Fiat stablecoins fail the diaspora because:

Problem	Fiat Stablecoin	PARS
Censorship	Can be frozen	Censorship-resistant
Centralization	Custodian risk	Decentralized treasury
Inflation	Tied to fiat	Independent value
Transparency	Opaque reserves	On-chain verification

Treasury Backing

Reserve Composition

The protocol treasury maintains diversified reserves:

Asset Class	Target Allocation	Purpose
Stablecoins (USDC, DAI)	30%	Stability anchor
ETH	20%	Core crypto exposure
Protocol-Owned Liquidity	25%	Permanent liquidity
Yield-bearing positions	15%	Treasury growth
Other assets	10%	Diversification

Backing Ratio

The backing ratio measures treasury value per PARS:

backing_ratio = treasury_value / PARS_circulating_supply

This ratio is:

Updated on-chain every block
Viewable on the protocol dashboard
Used for stability mechanism triggers

Stability Mechanisms

Range-Bound Stability (RBS)

RBS maintains PARS price within a defined range:

┌─────────────────────────────────────────────────────────────────┐
│                    RANGE-BOUND STABILITY                         │
├─────────────────────────────────────────────────────────────────┤
│                                                                  │
│  Price                                                          │
│    ▲                                                            │
│    │     ┌─────────────────────────────┐                        │
│    │     │    Upper Cushion            │  ◄── Sell pressure     │
│    │     ├─────────────────────────────┤      (Reserve Bonds)   │
│    │     │                             │                        │
│    │     │    Target Range             │                        │
│    │     │                             │                        │
│    │     ├─────────────────────────────┤                        │
│    │     │    Lower Cushion            │  ◄── Buy pressure      │
│    │     └─────────────────────────────┘      (Inverse Bonds)   │
│    │                                                            │
│    └──────────────────────────────────────────────────► Time    │
│                                                                  │
└─────────────────────────────────────────────────────────────────┘

Mechanism Actions

Condition	Action	Effect
Price above upper cushion	Reserve Bonds activated	Sell PARS for reserves
Price below lower cushion	Inverse Bonds activated	Buy PARS with reserves
Price in target range	No action	Market-driven price