Parcl, a Solana-based platform facilitating real estate index trading, has announced plans for an airdrop to reward early adopters.
The project is set to release the PARCL token in April, allocating between 7% and 8% of its token supply to the community.
Holders of PRCL will gain governance rights and enhanced utility within the Parcl Protocol ecosystem, with the token also serving as a gateway to premium real estate data.
This move follows speculation fueled by the project’s recent points campaign, aimed at incentivizing user engagement. Parcl’s innovative approach to token distribution includes rewarding active users and aligning incentives with platform usage.
The announcement adds to a series of high-profile airdrops in the Solana ecosystem, underlining the platform’s growing prominence. Parcl distinguishes itself by enabling users to speculate on real estate market indexes without directly tokenizing physical properties.
Trevor Bacon, CEO of Parcl, emphasizes the platform’s role in providing exposure to sought-after cities worldwide. Since the launch of its v3 iteration, Parcl has experienced significant growth, with its total value locked (TVL) surpassing $75M and open interest exceeding $50M in its markets.
