- Initial PRCL token distribution includes 80 million to early adopters, with additional allocations for community and growth.
- Top exchanges OKX and KuCoin list PRCL tokens, broadening access and integrating Parcl into wider cryptocurrency markets.
Parcl, a decentralized real estate platform utilizing the Solana blockchain, has introduced its native PRCL tokens, which are pivotal for the operation and governance within its ecosystem. The PRCL tokens are designed to provide governance rights and additional utility to their holders, enhancing the decentralized nature of the platform.
$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
The Solana-based network allows users to participate in trading related to specific real estate markets, offering up to ten times leverage on investments. This trading is supported by Parcl’s proprietary data feed, which tracks residential property prices per square foot in various markets and integrates this data into smart contracts to support speculative trading on property price movements.
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Users of the Parcl platform earn points through their trading activities, which are converted into tradable PRCL tokens during certain distribution events such as airdrops.
Additionally, liquidity providers on Parcl deposit USDC stablecoin to facilitate leveraged trading, receiving 70% of trading fees generated on the platform as compensation.
PRCL tokens not only serve as a utility token within the Parcl ecosystem, providing governance rights and enhancing trading functionalities but also play a crucial role in the platform’s decentralization strategy.Â
The initial distribution of PRCL tokens includes 80 million tokens allocated to early adopters and core community members, with an additional 75 million distributed to other early participants, and 5 million reserved for core community contributors.
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In total, 28% of PRCL’s supply is earmarked for future protocol development, growth initiatives, partnerships, and network incentives to ensure scalability. Another 28% is allocated to early supporters and advisors, with these tokens vesting over three years, including a one-year cliff.
Top cryptocurrency exchanges such as OKX and KuCoin have also announced they will list PRCL tokens, allowing for broader trading and accessibility.Â
This move is expected to further integrate Parcl into the broader cryptocurrency and real estate trading markets, showcasing the potential of blockchain technology in transforming traditional sectors.
Solana (SOL) is currently priced at approximately $134.59, showing a recent decrease of about 1.37%. The cryptocurrency has experienced a daily trading range from $128.35 to $142.15.
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