Parcl is a perpetuals exchange built on Solana for real estate synthetics. LPs provide liquidity for cross-margined trading on various real estate markets, earning trading fees and taking on trader PnL. Recently, Parcl completed season 1 of their Perpetual Points Program (PPP), rewarding eligible users with over 11.5 million $PRCL tokens. Season 1 vesting is now underway and you can also prepare for season 2 of the Perpetual Points Program. Here is our Parcl ($PRCL) token airdrop guide.
What is Parcl?
Parcl operates as a perpetual decentralized exchange (DEX), providing real estate index markets for speculation and hedging. It incorporates enhanced liquidity provision, flexible governance, and risk management features inspired by Synthetix perps. Here are Parcl’s main features:
- Perpetuals DEX: Parcl is a decentralized exchange for perpetual contracts. Its focus is on real estate index markets for speculation or hedging.
- Liquidity Provision: Parcl offers scalable liquidity provision with a single collateral and LP pool per exchange. LPs underwrite trades and earn fees.
- Risk Management: The protocol includes features to maintain market balance, such as funding costs, margin requirements, and price impact adjustments.
- Governance: Settings can be adjusted by protocol admins or a DAO to respond to market conditions and user behaviors.
What is the Parcl token airdrop?
Parcl has community allocation (airdrop) of its $PRCL tokens known as the Perpetual Points Program. The first allocation has been completed and the second allocation announced. Season 1 of Parcl’s Perpetual Points Program allocated 60 million $PRCL tokens, i.e. 6% of its total token supply. The distribution of the $PRCL token includes a vesting and streaming component. There are 3 streaming schedules in total. This is determined by the amount of $PRCL tokens staked on or before 11th July 2024 at 00:00 UTC. Here is a summary of the eligibility criteria for the 3 streaming schedules.
- Schedule 1: To be eligible users must stake at least 50% of their PPP Season 1 allocation. Schedule 1 period started on 1st July 2024 and will end on 29th September 2024. The remainder will fall into schedule 2 in a pro-rata fashion. To stream entirely in schedule 1, a user must stake 100% of their PPP S1 allocation.
- Schedule 2: If a user staked at least 50% of the token allocation but not 100%, the remaining tokens are categorized under Schedule 2. For users who did not stake the full PPP S1 allocation, the remaining distribution not streamed in Schedule 1 will be distributed from 1st October 2024, to 30th November 2024.
- Schedule 3: If a user does not stake at least 50% of the tokens they were eligible to receive via PPP S1, all tokens they are eligible to receive will be streamed from 1st December 2024 to 31st December 2024.
Season 2 of the Perpetual Points Program is scheduled to run for the remainder of 2024.
How to get the Parcl token airdrop?
Here’s our guide on how to get the potential Parcl ($PARCL) token airdrop
- Get Parcl ($PRCL) tokens
You can get Parcl tokens by claiming your Season 1 allocation. Or you can purchase it on exchanges such as OKX or Kucoin.
- Connect to Parcl
Connect to https://app.parcl.co/ with either your Metamask, OKX or Phantom wallet.
- Delegate your $PRCL tokens
Delegate your $PRCL tokens to a staking pool, which is a group of validators that have combined their Parcl tokens. They do this so they can get a higher chance of validating transactions and earning rewards. You can also set up your own validator. However, this can be quite complicated and may require some technical knowledge.
- Validate transactions on the Parcl network
Once you have confirmed the transaction on your wallet, you will automatically validate transactions on the Parcl network. You will receive $PRCL tokens as a reward.
