Parity Price refers to the price at which the market value of a token or digital asset is equivalent to the value of an underlying asset, such as a physical asset or fiat currency. In practice, the Parity Price can be calculated by comparing the total supply of a token to the value of the underlying asset it supports, often with the aim of determining whether the token is trading at a discount or premium to the value of the underlying asset. The determination of the Parity Price can be important for evaluating the valuation and economic stability of a token or digital asset in the market.