Parcl introduces PRCL token, offering governance rights and access to real estate data. Join the Solana airdrop frenzy now!
Solana enthusiasts are preparing for another round of airdrops as Parcl, a Real World Asset (RWA) protocol, gears up to introduce its native token, PRCL.
This week, the protocol unveiled its intentions to release its native token, PARCL, featuring an initial circulating supply of one billion tokens. Approximately 7% to 8% of this supply is earmarked for the upcoming airdrop, and detailed information about the tokenomics is set to be unveiled in March.
The PARCL token is designed to operate as a governance tool, granting users voting rights over the trajectory of the protocol. Additionally, the cryptocurrency will be seamlessly integrated into the Parcl Labs API, providing users access to premium residential real estate data.
Currently positioned as the 12th largest DeFi protocol within the Solana ecosystem, Parcl boasts an impressive Total Value Locked (TVL) of nearly $100 million. It enjoys backing from prominent institutions and venture capital funds, including notable investors such as Dragonfly Capital, Coinbase Ventures, and Not Boring.
Parcl Unveils Token Amidst Solana Airdrop Excitement
Parcl stands out as one of the most dynamic protocols in its category, alongside NFTs, which recently achieved a significant milestone on Solana.
Points are utilized as a metric for user activity, offering access to exclusive features or rewards. In potential airdrop scenarios, users with higher point counts typically secure more substantial rewards, reflecting their steadfast commitment to the network.
Protocols commonly implement tiered structures to fine-tune token distribution volumes. For instance, a DEX protocol might adopt a proxy tiering system, often referred to as "seasons," with the final outcomes determined by the top users within specified tiers following volume adjustments.
Parcl was featured as a prospective airdrop in our comprehensive guide, which can be found here:
Airdrops on Solana: The Most Popular Protocols Without a Token