Explore Parcl, the first decentralized real estate derivatives protocol on Solana. Learn how it enables investment in real estate indices across global cities without owning physical properties.
How Does Parcl Work?
Parcl is a decentralized real estate trading platform built on the Solana blockchain, focusing on perpetual futures contracts tied to synthetic real estate assets. It aims to create a market where users can invest in real estate by the square foot through a price index, using smart contracts to reflect price changes of real-world indexes without physical ownership.
Currently operational in 10 U.S. cities (e.g., New York, San Francisco), Parcl plans to expand internationally to cities like Hong Kong and London.
Key Ecosystem Roles:
- Traders: Speculate on real estate value fluctuations with up to 10x leverage.
- Liquidity Providers (LPs): Deposit USDC to facilitate trades, earning 70% of trading fees. Funding fees protect LPs from market swings.
- Price Feeds: Developed by Parcl Labs and relayed via Pyth oracle.
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Parcl Tokenomics and Airdrop
The PRCL token (1 billion total supply) launches in April 2024, with 7–8% (70–80M tokens) allocated to community airdrops.
Token Distribution:
- 36%: Community, Growth & Incentives
- 28%: Early Supporters & Advisors
- 21%: Core Contributors
- 15%: Ecosystem Fund
- 8%: Initial Community Supply
Utility: Governance voting, premium data access, and trading incentives.
Where to Buy PRCL Token?
PRCL is tradable on Aevo pre-market (~$1.80/token).
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FAQ
Q: What is Parcl’s primary innovation?
A: It democratizes real estate investing via blockchain-backed derivatives, eliminating physical property ownership.
Q: How do LPs earn rewards?
A: By providing USDC liquidity, they receive 70% of protocol trading fees.
Q: Is PRCL available on major exchanges?
A: Currently on Aevo pre-market; watch for broader listings post-TGE.
Q: What cities does Parcl cover?
A: 10 U.S. cities, with global expansions (e.g., London) planned.
Q: How does the funding fee work?
A: Traders pay a dynamic fee to LPs to balance long/short positions, capped at 35% daily (currently ~0.07%).
Disclaimer: Cryptocurrencies involve high risk. Conduct independent research and comply with local regulations before investing.
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