Announcing the Second Community Distribution of PRCL

Parcl Limited is excited to announce a second community distribution of the PRCL network token.

The Parcl Protocol (the “Protocol”) is a first-of-its-kind decentralized exchange with an initial focus on real estate. Parcl’s primary intention is to create a liquid market around the largest asset class in the world by leveraging world-class real estate data. In less than 9 months, the V3 exchange has facilitated the trading of over 4M square feet of notional real estate exposure, equivalent to approx. 3,000 physical properties. Total notional volume V3 to date now exceeds $2.1B.

Allocation Details

Follow-on Community Distribution

More than 6% of the total supply is being released to the Parcl community as part of a follow-on distribution. This is in addition to the initial community distribution of 8% of supply. Further details regarding these allocations will be shared via Parcl.

Ongoing Community, Growth, & Incentives

~21% (~210,000,000)

~21% of the total supply will remain in treasury for key protocol objectives such as infrastructure, growth, partnerships, and ongoing network incentives (more details below). The primary purpose of this portion of the allocation is to facilitate and enable the Parcl Protocol to reach its potential in terms of scale. This allocation will be held in a Parcl Limited treasury until governance infrastructure is fully scaled.

Additional Allocations & Supply Schedule

Remain largely as detailed here. 

PRCL Utility

Governance

The PRCL token will govern certain aspects of the Protocol and the decentralized trading application. Users will stake the token to vote on critical changes to Protocol risk parameters and architecture. Governance structures are expected to go live on mainnet in July 2024.

Data functionality

PRCL token holders will have access to best-in-class, institutional-quality real estate data via an API powered by Parcl Labs. Over time, eligible users who stake the required level of PRCL will continue to receive API access.

Network Incentives

Eligible PRCL holders will be able to participate in Perpetual Network Incentives (e.g., Points), which will commence shortly after the initial distribution event. Further details can be found here.

Disclaimer

We strongly advise community members to exercise caution and be wary of potential scams. Always ensure any webpages related to Parcl Limited or Parcl that you visit have the parcllimited.com or parcl.co domain. Parcl community moderators will never message you first or ask you for personal information.

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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.