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Paragon (PRAG) on BNB Chain: Tokenomics, Risks, and How to Trade

Paragon (PRAG) on BNB Chain: Tokenomics, Risks, and How to Trade

Editor's Pick: Check PRAG's chart or trade directly using gmgn.ai web version or Telegram Bot to stay ahead of the market.

Paragon (PRAG) is a BEP-20 token deployed on BNB Chain, a high-throughput, low-fee network compatible with Ethereum’s EVM. Public information on the specific PRAG project at this contract is limited, so this piece consolidates what’s observable from on-chain trackers and outlines practical steps to research and interact with the token safely.

Quick facts

  • Contract: 0x876647ed035a0d1f6ed20ed2db6e2c801de76f11 (view on BscScan)
  • Standard: BEP-20 (similar to ERC-20 on Ethereum)
  • Decimals: 9
  • Reported supply: 1,000,000,000,000,000 PRAG (1 quadrillion)
  • Holders: ~342 addresses per the provided data
  • Price visibility: Often shows $0.00 on trackers, suggesting very low liquidity or minimal trading

What we can verify on-chain

  • Token basics: BscScan can confirm symbol, name, decimals, total supply, the deployer address, and transfer history.
  • Activity: Transfers and holder distribution give a feel for community size and movement. Thin activity and concentrated wallets typically imply higher risk.
  • Liquidity: If a liquidity pool exists (e.g., on PancakeSwap), you’ll see pool contracts holding PRAG and WBNB. Thin liquidity can lead to heavy slippage.

Token classification (likely)

  • Meme/community token: Given the lack of a public site or docs, PRAG currently looks like a meme-style asset where sentiment and community drive attention more than utility.
  • Utility claims: None confirmed. Any staking, governance, or dApp integrations should be considered unverified until the team publishes details.

Tokenomics clues (unconfirmed)
There’s another Paragon/PRAG contract on BNB Chain with a fee-based design (10% total per trade allocated to LP, holders, burn, marketing, and development). That model belongs to a different address and may not apply to this PRAG. Until the PRAG contract at 0x8766…f11 publishes official docs or the code is clearly annotated, treat any fee/burn/holder-reward mechanics as unverified.

If PRAG adopts a similar model, you might expect:

  • Transaction taxes (buy/sell fees)
  • LP support via a fee slice
  • Reflection-style holder rewards
  • Periodic burns
    Again, do not assume these exist without checking the contract and recent transactions on BscScan.

Ecosystem and tooling

  • Chain: BNB Chain (fast finality, typically low fees). Learn more via BNB Chain docs.
  • Wallets: Use MetaMask, Trust Wallet, or Coinbase Wallet. Add PRAG as a custom token using the contract address.
  • DEX trading: If liquidity exists, swaps usually happen on PancakeSwap using the PRAG/WBNB pair.
  • Explorers: BscScan for contract reads, holders, and transfers.

How to research and trade PRAG safely

  1. Verify you have the correct contract:

    • Double-check the address: 0x876647ed035a0d1f6ed20ed2db6e2c801de76f11 on BscScan.
    • Beware similarly named tokens with different addresses.
  2. Check liquidity and fees before swapping:

    • Inspect the token page on PancakeSwap to see if a pool exists and how deep it is.
    • Review recent transfers on BscScan for signs of taxes (net received amounts smaller than sent) or unusual wallet patterns.
  3. Compare markets and activity dashboards:

  4. Set expectations on slippage:

    • If the token has transaction taxes or thin liquidity, you may need higher slippage. Start low and adjust carefully.
  5. Add PRAG to your wallet (optional):

    • In MetaMask (BNB Chain network), Add Token > Custom Token > paste the contract address.
    • In Trust Wallet, add a custom BNB Chain token using the same address. A quick guide: How to add custom BNB Chain tokens.

Potential risks

  • Liquidity risk: Trackers showing $0.00 often signal minimal liquidity. You might be unable to exit positions without heavy slippage.
  • Transparency: No public site/whitepaper/socials means limited accountability. Proceed cautiously until official channels appear.
  • Contract risk: Unverified or unaudited code can hide minting, blacklist, or tax toggles. Look for audits (e.g., CertiK, PeckShield) or at least community code reviews.
  • Name collisions: Multiple PRAG/Paragon contracts exist on BNB Chain. Always confirm the exact address you’re interacting with.
  • Token design: A 1 quadrillion supply is common in meme tokens and can work, but usually needs burns, utility, or strong demand to counteract dilution optics.
  • Market volatility: Meme assets are sentiment-driven and can move sharply in both directions.

DYOR checklist

Bottom line
PRAG at 0x8766…f11 looks like a small, early-stage BNB Chain meme-style token with limited public information and potentially low liquidity. If you decide to engage, verify the contract, double-check pools, start small, and monitor on-chain activity closely. Tools like BscScan, PancakeSwap, and GMGN.AI can help you gauge real usage, track liquidity, and avoid common pitfalls. As always, never invest more than you can afford to lose.

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