Solana-based Liquid Real Estate Project Parcl Unveils Native PRCL tokens

by

At Parcl, a decentralized real estate platform running on the Solana blockchain, we’re thrilled to share that our native PRCL tokens are now live! Interactions with our real estate protocol will earn users points, which will then be swapped for PRCL tokens.

$PRCL is now live.

Early Parcl Ecosystem adopters & core community members have until December 31st, 2024, to claim.

Further details

— Parcl Limited (@ParclLimited) April 16, 2024

About the Parcl Blockchain Network

Using a Solana-powered platform, users can participate in real estate market trading with the possibility of increasing their investment up to tenfold through leveraged transactions.

Using its unique data source, the platform keeps track of modifications in the price per square foot of homes in selected areas. This information is then incorporated into smart contracts, enabling investors to make bets on potential changes in real estate values.

On Parcl, both traders and providers of liquidity earn points. Before an airdrop, these points are usually distributed. Afterwards, they can be exchanged for tradeable PRCL tokens.

With Parcl, liquidity providers play a crucial role by supplying USDC stablecoins. This action enables other users to participate in margin trading or increase the scale of their trades through borrowed funds.

Through USDC deposits from liquidity providers, Parcl enables users to engage in leveraged trading. For supplying liquidity, these users are rewarded with 70% of the trading fees produced on the platform. Essentially, liquidity providers act like traditional banks, enabling leveraged trading transactions.

More Details About PRCL Tokens

PRCL serves as the foundational element in the decentralization of the Parcl Ecosystem.

The platform has cataloged numerous real-life real estate markets, totalling thousands, where its decentralized trading system (DEX) handles more than a billion dollars’ worth of transactions.

Owners of PRCL tokens have the power to make decisions regarding certain parts of the Parcl Protocol and experience advanced features for data and commerce transactions. Additionally, they receive rewards within the Parcl System.

In the initial community distribution phase:

  1. 80,000,000 PRCL tokens (8% of the total supply) will be allocated on Day 1 to early adopters of the Parcl Protocol and core community members who have played pivotal roles in bootstrapping the Ecosystem.
  2. 75,000,000 tokens (7.5% of supply) will be distributed to additional early adopters of the Parcl Protocol.
  3. 5,000,000 tokens (0.5% of supply) will be granted to core Parcl community members.

In addition, we will set aside 28% of the entire supply for crucial purposes related to our protocol, such as building infrastructure, promoting expansion, forming collaborations, and maintaining rewards. This allocation enables us to foster scalability.

Approximately one quarter more (28%) of the allotted tokens will be set aside for early backers and key influencers who have substantially advanced the Parcl platform during the previous three years. These tokens will become accessible in gradual releases, with a first unlocking only after a year has elapsed.

Additionally, notable cryptocurrency exchanges OKX and KuCoin have made public their plans to include the PRCL token for trading and listing on their platforms.

Read More

2024-04-16 18:04