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Parcl Launches PARCL Token with Unique Features
Real-world asset (RWA) protocol Parcl has recently unveiled its new token, PARCL, which comes with distinctive features and functionalities. The token, with a total circulating supply of one billion, will allocate 7% to 8% for “initial community supply.” PARCL is designed to serve as a governance tool, granting holders the power to vote on specific aspects of the protocol. Additionally, it will offer “data functionality,” acting as a gateway to high-quality real estate data and will be integrated into future protocol incentive programs. The token distribution is scheduled for April, with further details on its tokenomics set to be disclosed in March.
Platform Overview and Token Utility
Parcl operates as a perpetual contracts platform within Solana’s ecosystem, enabling users to take long or short positions on real-world real estate in various cities. The platform’s token, PARCL, is highly anticipated among airdrop enthusiasts due to its unique distribution model. Unlike traditional decentralized exchanges, Parcl’s less active wallets have a higher chance of receiving substantial rewards, adding to the excitement surrounding the airdrop event.
Backing and Growth
Parcl has garnered significant attention not only for its token launch but also for the backing it has received from prominent venture capital funds. Notable names such as Dragonfly Capital, Coinbase Ventures, and Not Boring have expressed support for the platform, further elevating its profile within the industry. As a testament to its growing prominence, Parcl currently ranks as the 12th largest decentralized application on Solana by total value locked, with a substantial increase of nearly 87% over the past 30 days, according to data from DefiLlama.
Snapshot and Eligibility
Despite the anticipation surrounding the token distribution, users are eagerly awaiting the announcement of the eligibility checker and confirmation of whether a snapshot has already been taken. These details are crucial for participants looking to engage with the platform and capitalize on the upcoming token distribution.
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