Parcl Announces Upcoming Token

Parcl Announces Upcoming Token

Parcl, a Solana-based real estate trading platform, announced the PRCL network token launch, initiating the decentralization of its ecosystem and enhancing user governance and utility.

The Deets

  • Token Launch Insight: PRCL network token to kickstart Parcl ecosystem's decentralization.
  • Governance and Utility: Token holders to influence protocol governance and enjoy enhanced data and trading utilities.
  • Impressive Metrics: Parcl's V3 exchange has traded over 450,000 sq ft of notional real estate, marking significant growth within the Solana ecosystem.
  • Global Vision: With a $10 trillion market opportunity, Parcl aims to be the next-gen global real estate platform.

The Bulk

Parcl Limited is ushering in a new era for its real estate decentralized exchange by launching the PRCL network token. Holders of the PRCL token will play a crucial role in shaping the future of the Parcl Protocol, particularly in governance aspects and accessing enhanced utilities across data and trading.

The V3 exchange of Parcl has already made notable strides in the digital real estate market, facilitating the trade of over 450,000 square feet of notional real estate exposure. This translates to the equivalent of over 290 physical properties, with a total notional volume of more than $225 million to date. 

📊 By the Numbers

Though not shared on X, Parcl's blog post indicated the following initial tokenomics:

  • Initial Community Supply: 7-8%
  • Estimated initial PRCL float: 10-12%

🔜 What's Next?

More detailed tokenomics will be released in the coming months with the token expected in April. 

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