Parcl introduces PARCL token with governance features and data functionality, promising access to high-quality real estate data and future protocol incentive programs. Learn about the tokenomics and venture capital backing.
Parcl has just announced the launch of its token, PARCL, with a total circulating supply of one billion and 7% to 8% of it allocated to the "initial community supply." The token will serve as a governance tool, granting voting power to holders in specific protocol decisions, and is set to be distributed in April.
In addition to its governance function, the token will offer "data functionality," acting as a gateway to access "high-quality real estate data." Furthermore, it will be utilized in "future protocol incentive programs." More details regarding PARCL tokenomics are expected to be revealed in March of this year.
Parcl operates as a perpetual contracts platform within Solana's ecosystem, allowing users to take long or short positions on real-world real estate across various cities. The platform's token distribution is eagerly awaited by airdrop enthusiasts. Due to Parcl's distinct nature, with less active wallets engaging with it compared to decentralized exchanges, there is potential for larger rewards.
Another factor fueling excitement for the airdrop is the notable venture capital firms backing Parcl, including Dragonfly Capital, Coinbase Ventures, and Not Boring. Currently, there is no specified date for the eligibility checker, and users remain uncertain whether a snapshot has already been taken.
According to data from DefiLlama, Parcl has surged nearly 87% over the past 30 days, making it the 12th largest decentralized application on Solana by total value locked, with close to $87 million.