Parcl, a Solana-based perpetual exchange focused on real estate synthetics, is gearing up to launch its native token $PRCL in April. The announcement was made by the developer, Parcl Limited.
Notably, BitPinas had already listed Parcl for Solana projects before the close of 2023, hinting at potential airdrops in 2024. Exciting times ahead for the Parcl community!
INSTRUCTIONS:
Head to https://app.parcl.co/referrals and connect your Solana wallet, use the exclusive referral code vipboost for a permanent points boost.
Do not fade this airdrop!
On February 26, Parcl Limited made an announcement via a post on X.
https://x.com/ParclLimited/status/1761893345591218193?s=20
According to this update, the newly established Parcl Foundation will take on the responsibility of distributing $PRCL tokens and overseeing crucial decisions governed by the token holders.
Visit the Parcl referals page: https://app.parcl.co/referrals
Connect Your Wallet: Use a Solana wallet like Phantom.
Enter referral code: Use vipboost to get a permanent points boost.
Provide liquidity: Recommended $20+ for faster earning of points.
As of now, Parcl Limited has not disclosed the exact number of $PRCL tokens that will be distributed during the April airdrop. However, the initial community supply is expected to be seven to eight percent of the total one billion supply. This implies that approximately 70 million to 80 million $PRCL could be distributed in the upcoming airdrop. 💸
Parcl Limited has expressed its commitment to decentralization by introducing the PRCL network token. This token marks a significant step toward progressively decentralizing the Parcl ecosystem.
The benefits of holding $PRCL extend beyond mere ownership. Token holders gain the power to participate in governance decisions related to the protocol and the decentralized applications (dApps) built on it. Additionally, the token serves two key “initial” purposes:
Data Functionality: The PRCL token will be seamlessly integrated into the Parcl Labs API, acting as a gateway for accessing high-quality residential real estate data.
Protocol Incentive Programs: Eligible PRCL holders will soon be able to engage in Perpetual Network Incentives, which are set to launch shortly after the initial distribution event.
Exciting times lie ahead for the Parcl community as they embrace decentralization and explore the potential of $PRCL! 🏢🌐🚀
Parcl, operates as a perpetual exchange specifically tailored for real estate synthetics within the Solana network. Its primary focus lies in supporting cross-margin perpetual trading across various real estate markets.
Beyond being an exchange, Parcl also functions as a protocol. This protocol facilitates multiple exchanges, each associated with a single collateral and a single liquidity pool (LP pool).
Notably, the decentralized exchange (DEX) incorporates robust risk management features. These features aim to maintain equilibrium within each market by encouraging traders to reduce skew while discouraging actions that increase skew. The core components of risk management include funding, the margin system, and price impact.
Developers emphasize that the protocol’s risk management mechanisms foster a delta-neutral LP experience. This is achieved by providing incentives for reducing market skew and imposing penalties on traders who exacerbate it.
As the campaign unfolds, the team plans to unveil more detailed information regarding the airdrop and tokenomics. Exciting times await as Parcl continues to evolve! 🏢🌐🚀
DISCLAIMER: Please be aware that there is inherent risk associated with endeavors like this. Factors such as exploit vulnerabilities, rugpulls, contract risks, and liquidation events are always present. While we provide information, it is crucial to understand that any actions you take based on this information are entirely your own decision. We assume no responsibility if outcomes do not align with your expectations. Proceed with caution and conduct thorough research. Additionally, keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
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