Solana’s Parcl simulation and features an air drop allocation of up to 8%

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Real-world asset (RWA) protocol PARCL today announced the launch of its token PARCL with a total circulating supply of one billion and 7% to 8% for an “initial community offering”. PARCL will act as a governance tool that gives stakeholders the power to vote on certain aspects of the protocol and will be distributed in April.

Moreover, the token will have a “data function” that will serve as a gating mechanism to obtain “high-quality real estate data” and will also be used in “future protocol incentive programs.” According to the announcement, more details about PARCL Tokenomics will be released in March of this year.

Parcl is a perpetual contract platform built on the Solana ecosystem where users can go long or short real estate in different cities. The platform's token distribution is one of the most anticipated events for airdrop hunters. Since Parcl is not a direct platform like a decentralized exchange, less active wallets are connecting to it, which increases the chances of getting bigger rewards.

Another fact that makes users pump for the weather is the venture capital fund backing the park with strong names like Dragonfly Capital, Coinbase Ventures and Not Boring. There is no date yet for the validation, and users are not yet sure if the snapshot has already taken place.

Parcl is the 12th largest decentralized app on Solana, locked in by total value after jumping 87% in the last 30 days.

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