Parcl, a decentralized real estate platform built on the Solana blockchain, has unveiled its native PRCL token. The project confirmed that user-earned points—accumulated through interaction with its real estate protocol—will now be convertible to PRCL tokens.
"$PRCL is now live. Early Parcl Ecosystem adopters & core community members have until December 31st, 2024, to claim."
— Parcl Limited (@ParclLimited)
How Parcl’s Solana-Powered Platform Works
The Parcl protocol enables users to trade derivatives tied to real-world real estate markets, offering leveraged positions up to 10x. Key features include:
- Proprietary Data Feed: Tracks residential property prices per square foot in target markets.
- Smart Contract Integration: Facilitates speculative trades on real estate price movements.
- Points System: Traders and liquidity providers earn points, later converted to PRCL tokens.
👉 Discover how leveraged trading works on Parcl
Liquidity providers deposit USDC stablecoins, allowing other users to borrow funds for leveraged trades. Providers earn 70% of platform fees, functioning similarly to traditional banks in financial ecosystems.
PRCL Tokenomics and Governance
PRCL tokens form the backbone of Parcl’s decentralized ecosystem, offering:
- Governance Rights: Token holders influence protocol upgrades and parameters.
- Enhanced Utility: Priority access to data feeds and trading features.
- Incentivization: Rewards for participation in the ecosystem.
Initial Distribution (Community Phase):
| Allocation | Tokens | % of Total Supply |
|---|---|---|
| Early Adopters & Core | 80,000,000 | 8% |
| Additional Early Adopters | 75,000,000 | 7.5% |
| Core Community Members | 5,000,000 | 0.5% |
- Treasury Reserve: 28% for development, partnerships, and incentives.
- Advisors/Supporters: 28% vested over 3 years (1-year cliff).
Exchange Listings
Major exchanges like OKX and KuCoin have announced plans to list PRCL, boosting accessibility for traders.
FAQs
1. How do I claim PRCL tokens?
Early adopters can claim tokens until December 31, 2024, via Parcl’s official platform. Ensure your wallet is connected to Solana network.
2. What’s the utility of PRCL tokens?
PRCL grants governance rights, trading fee discounts, and access to premium data. It also incentivizes liquidity provision.
3. Is Parcl’s data reliable?
Yes. The platform uses an audited proprietary feed tracking real-time property prices across global markets.
👉 Learn more about Solana-based real estate trading
Note: This article is for informational purposes only. Always conduct independent research before investing in cryptocurrencies.
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