Parcl, an RWA platform with over 3x growth in the past year, how to interact and potentially receive airdrops?

2024-02-27 19:00

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Original Title: "TVL exceeds $75 million, tripled in growth this year, how to get potential airdrop from RWA platform Parcl?"

Original Author: Fu Ruhe, Odaily Planet Daily

Since last year, RWA (Real World Assets) has become a hot topic in the Web3 industry. Some projects are also constantly exploring ways to bring more assets, such as real estate, into the world of cryptocurrency.

Odaily Star Daily recently noticed a project called Parcl, which is one of them. Unlike other single real estate tokenization projects, Parcl has built a regional real estate price index trading product, which has expanded to 10 regions (mainly US cities) and will launch real estate index products for cities such as Hong Kong, London, and Jakarta, Indonesia in the future.

Recently, the official announcement stated that the token PRCL will be launched in April this year. With the potential airdrop expected, TVL continues to soar, currently exceeding $75 million, an increase of more than three times since the beginning of the year. How to obtain potential airdrop opportunities, Odaily Planet Daily has summarized some methods.

Project Overview

Parcl is a derivative platform for decentralized real estate indices based on the Solana public chain.

Parcl's real estate index is similar to traditional finance's REITs (real estate investment trusts), but Parcl does not directly tokenize mature REITs products. Instead, Parcl Labs collects data points for a specific city or region, calculates the current real estate market price index for that area, and transmits it on the chain through the Pyth oracle. Note: Parcl Labs' price data source (PLPF) estimates the price per square foot of residential real estate in multiple markets and property types provided daily.

Parcl, which previously adopted the V2 version, has been launched and operated. Odaily Star Daily has also compiled relevant articles "Full Interpretation of Solana's On-Chain RWA Platform Parcl: How RWA Changes Real Estate Investment? Attached with a full process guide". As for the product usage process, this article will not be too redundant. If you are interested, you can read the previous article for learning.

Parcl runs on the V3 protocol version, which expands liquidity issues compared to previous versions, introduces decentralized governance, and includes risk control functions to protect LPs (liquidity providers) and traders from market imbalances. Essentially, there is no significant difference in user experience compared to previous versions.

According to the product page, Parcl has a total of 10 tradable real estate market indices, mainly in cities in the United States. However, in the near future, cities such as Hong Kong, London in the United Kingdom, and Jakarta in Indonesia will be added to the platform.

Currently, there are no other restrictions on trading Parcl, and trading is possible with a value higher than 1 USDT. However, the author observes that the rise and fall of Parcl's index in each region is relatively low. The data in the above chart shows a leverage fluctuation rate that is 10 times lower than that of the past 3 months. Therefore, Parcl is more suitable for investors with large capital and diversified asset income needs. Ordinary investors may be accustomed to the high volatility of the cryptocurrency market and may prefer traditional financial markets for long-term and relatively stable assets.

According to DeFiLlama data, Parcl TVL is 75.44 million US dollars, which has increased more than three times since the beginning of the year. The upcoming Parcl airdrop has attracted more LPs and traders, which may be the core reason for the growth of Parcl TVL.

Prediction of Parcl Airdrop Standards, Perhaps NFT Holders Have the Opportunity to Receive Airdrops

According to official sources, Parcl launched its token PRCL in April this year, with a total supply of 10 billion. The initial community supply is between 7% and 8%. The uses of PRCL tokens can be summarized as follows:

· Data Function: The PRCL token is integrated into the Parcl Labs API as a gateway mechanism for accessing high-quality residential real estate data.

· Further protocol incentive plan: Eligible PRCL holders have the opportunity to participate in Perpetual Network Incentives (such as points) shortly after the initial allocation event.

Other token economics details will be officially disclosed in March this year, and Odaily will continue to pay attention.

How to obtain potential airdrop opportunities. The author discovered the following potential airdrop criteria through researching the development history of the Parcl project.

1. Parcl's Points Event: Currently in its second season, this points event uses three standards: LP providers earn 4 points per USD; traders earn 2 points per USD (calculated at the time of opening a position); and inviting new users earns 10% points for the new user. According to data, nearly 150,000 people are currently participating in this event.

2. NFT Holders: "Homeowners Association" was issued by Parcl in May 2022 at a price of 0.5 SOL, but it fell below the issue price in less than half a year. Due to the expectation of airdrops, the price rose to 15 SOL by the end of 2023, and currently, there are no sellers on Opensea.

Summary

Parcl is different from other RWA real estate projects, especially considering the technical details of its real estate market index developed by Parcl Labs. The team is professional, with members from Microsoft and well-known financial institutions. The project's design is also innovative, using a proprietary index-based derivative trading platform, which is different from directly tokenizing traditional financial assets. Parcl has no access threshold, allowing most Web3 users to participate directly (except in the United States), which also makes it easier to expand.

Although there is no threshold restriction, limited returns may become one of the limiting factors for its expansion. Due to the natural properties of real estate, market fluctuations are lower compared to the cryptocurrency market, making it more suitable for investors who seek stability and are familiar with real estate. The trading enthusiasm of Web3 users may be hindered.

Additionally, according to the official token economic model released by Parcl, the initial supply only accounts for 7%-8%, and some tokens may be rewarded for participating in transactions or adding to LP, attracting more users to participate and continuously driving traffic.

Overall, the Parcl project has good fundamentals, and its future development will depend on the token strategy after the airdrop.