Introducing $PRCL
February 25, 2024
Parcl Limited is excited to announce the upcoming launch of the PRCL network token, which is the primary step towards the progressive decentralization of the Parcl ecosystem. Holders of PRCL will be able to participate in governance regarding certain parts of the Parcl Protocol. Additionally, they will have access to enhanced utility across data and trading, including incentives within the Protocol ecosystem, where eligible.
Parcl is a first-of-its-kind decentralized exchange focused on real estate. Parcl’s primary intention is to create a liquid market around the largest asset class in the world. The Protocol is now the top novel DeFi application in the Solana ecosystem from a TVL perspective ($75M) and a top novel application within the broader blockchain ecosystem. In just a few months, the V3 exchange has facilitated the trading of over 450,000 square feet of notional real estate exposure, equivalent to over 290 physical properties. Total notional volume V3 to date now exceeds $225M.
Parcl believes the market opportunity is massive - $10 trillion or more - and the Parcl Protocol, supported by the best-in-class residential real estate data & analytics of Parcl Labs, is well on its way to realizing its vision of becoming the platform for the next generation of real estate globally.
Given these dynamics, it is time to begin the decentralization process to fuel the next growth stage, with the community as a primary driver.
Initial Distribution Details
Token Identifier: PRCL
Wen: April
Total Token Supply: 1,000,000,000
Initial Community Supply: 7-8%
Estimated initial PRCL float: 10-12%
Detailed Tokenomics will be distributed during March 2024.
Proposed PRCL Utility
Governance over certain aspects of the Protocol & decentralized application
Data functionality: The PRCL token will be integrated into the Parcl Labs API and used as a gating mechanism for access to high-quality residential real estate data
Further Protocol incentive programs: Eligible PRCL holders will have the ability to participate in Perpetual Network Incentives (ex: Points), which will commence shortly after the initial distribution event
Parcl Foundation
The Parcl Foundation will organize and coordinate critical decisions governed by PRCL holders. It has an independent director.
Terms & Disclaimer
PRCL claimants will be able to verify their eligibility on the Parcl Limited website. Parcl & Parcl Limited will inform users once the eligibility checker and claim tools are live.
Community members are strongly advised to exercise caution and be wary of potential scams. Always verify any web pages related to the Parcl Network you visit have the parcl.co or parcllimited.com domain. Parcl community representatives will never approach you unsolicited or ask you for personal information.
This website, as well as any other electronic or verbal communication related to the subject matter of this presentation, is intended for informational purposes only, is subject to change, and does not constitute investment advice or a recommendation to any recipient thereof. This website constitutes neither an offer to sell nor a solicitation of an offer to buy a security nor an offer to enter into a contract of any kind.
No regulatory authority has examined or approved of any of the information set out on this website. The publication, distribution, or dissemination of any content of this website or any linked content does not imply compliance with the applicable laws, regulatory requirements, or rules of a specific country.
There are risks and uncertainties associated with the PRCL tokens. We encourage you to consult with a financial adviser or investment professional to determine whether or not PRCL tokens make sense for you. Information provided on this website is for educational purposes only and is not tailored for any individual person or network token holder. This website should not be relied upon as financial or investment advice.
Neither Parcl Limited, Parcl, nor any of its affiliates or their respective owners, officers, directors, employees, contractors or agents will be liable for any direct, incidental, consequential, indirect, punitive, exemplary, special or other damages, whether under any contract, tort (including negligence), strict liability, or other theory, and regardless of whether it has been advised of the possibility of such claim or damage, arising in connection with the website, the PRCL token, its generation event, or any airdrop or similar claim process.
