Parcl (PRCL): Transforming Real Estate Trading with Perpetual Contracts

Modified on Tue, 23 Sep at 5:35 PM

What is Parcl (PRCL)?

Parcl Ecosystem is a decentralized finance (DeFi) platform on the Solana network that offers perpetual futures contracts for real estate. This allows anyone from anywhere in the world to access real estate investment and increases market liquidity.

The Parcl ecosystem consists of Parcl, Parcl Labs, and Parcl Limited. Parcl Labs plays a crucial role in providing accurate and reliable real estate data through the Parcl Labs Price Feed. This information is vital for traders to make informed decisions, offering advanced analytics and real-time data availability.

Parcl's decentralized exchange allows users to gain exposure to real-world real estate prices in both the long and short term. This presents a unique opportunity to participate in a highly liquid and accessible real estate market.

Parcl Technology

The technology behind Parcl (PRCL) is a combination of blockchain innovation and real estate data analytics. Primarily, Parcl operates on the Parcl Protocol, a decentralized exchange that provides users with access to real-world real estate prices. By utilizing Parcl's unique mechanism, which aggregates real-time data from over 5,000 sources, the platform ensures accurate and up-to-date information.

The blockchain technology supporting Parcl is designed to provide a secure and transparent trading environment. Due to the inherent characteristics of blockchain, no single entity or individual can control the entire network, safeguarding it against malicious attacks. All transactions on the blockchain are confirmed through network nodes via a consensus mechanism, a crucial component that enhances security.

In addition to robust security measures, Parcl utilizes smart contracts to automate and enforce the terms of real estate transactions. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically execute when predetermined conditions are met, reducing the need for intermediaries and mitigating the risk of human error or fraud.

The People Behind the Development of Parcl

Parcl (PRCL) stands out in the cryptocurrency world with its innovative approach to real estate investment. The founders of Parcl are Trevor Bacon, Kellan Grenier, David Josephs, and Tom Bonanni.

Trevor Bacon has a background in finance and technology and plays a crucial role in defining Parcl's strategic vision. Before Parcl, Trevor was a portfolio manager at several technology-focused hedge funds. He has expertise in software, payments (Where he first encountered blockchain 5 years ago), and the internet. Prior to moving into investment, he was a Vice President at Barclays. He began his career at Lazard.
Kellan Grenier has extensive experience, including 8 years as an investment analyst in TradFi (Traditional Finance). He brings over 5 years of expertise in blockchain development and has analyzed and invested in various tokens and Web3 projects.
David Josephs is known for his work in data analytics and contributes to the integration of real estate data from Parcl Labs.
Tom Bonanni has experience on the user end, specifically with UI/UX and SDKs for React dApps, enhancing the accessibility and usability of the Parcl Protocol. He is passionate about researching new technologies and developing decentralized products. He is also a full-stack engineer and designer and co-founder of Afito, a student housing rental platform.

Tokenomics and Utility of the PRCL Token

PRCL is the governance token of the Parcl Ecosystem. It aims to decentralize the platform's ecosystem, and token holders can govern various aspects of the protocol. Furthermore, the PRCL token has the ability to enhance scalability by improving the experience for liquidity providers (LPs) and traders, increasing platform liquidity, introducing new assets, and encouraging developers to build new products within the ecosystem.

Total token supply: 1,000,000,000
Initial circulating supply: 7-8%

PARCL Allocation – Source: Parcllimited

Initial Community Supply 8% (80,000,000 PRCL): For initial distribution to the community. Early engagement helps the protocol scale to accommodate a diverse range of users.
Community, Growth, & Incentives 28% (~280,000,000): Reserved in the treasury for core protocol purposes such as infrastructure, growth, partnerships, and ongoing network incentives.
Early Supporters & Advisors 28% (~280,000,000): Allocated to the strong group of supporters and advisors who have helped facilitate the growth of the ecosystem over the past three years.

Core Contributors 21% (~210,000,000): This portion is allocated to the core contributors. These tokens will vest and unlock over 3 years, with a 1-year cliff.

Ecosystem Fund 15% (~150,000,000): This is the ecosystem development allocation. Tokens will be held in the treasury. Its purpose is to foster the long-term growth and development of the Parcl ecosystem. Tokens in this fund will be allocated toward key objectives focused on: Improving the experience for LPs and traders, increasing protocol liquidity and Incentivizing developers to build products.

Interesting Price Information for PRCL

As of 4 March 2025, data from the CoinMarketCap website shows that the PRCL token has a market capitalization of $924,638,575, approximately 924,638,575 THB.

At the time of writing, the PRCL token is trading at approximately $0.1275 or about 4.31 THB per token. PRCL reached its all-time high of $0.8394 or 28.42 THB per token on 16 April 2024.

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