Original title: "TVL exceeds 75 million US dollars, with an increase of more than 3 times this year. How to get the potential airdrop of RWA platform Parcl?"
Original author: Fu He Ru, Odaily Planet Daily
Since last year, RWA (real world assets) has become a hot sector in Web3. Some projects are also constantly exploring and introducing more assets into the crypto world, such as real estate.
Parcl, a project recently noticed by Odaily Planet Daily, is one of them. Unlike other single real estate tokenization projects, Parcl has built a set of regional real estate price index trading products, which have been expanded to 10 regions (mainly cities in the United States). In the future, real estate index products for cities such as Hong Kong, China, London, UK, and Jakarta, Indonesia will be launched.
Recently, the official announced that it will launch the token PRCL in April this year. With the expectation of potential airdrops, TVL continues to soar and has now exceeded 75 million US dollars, an increase of more than 3 times since the beginning of the year. How to get potential airdrop opportunities, Odaily Planet Daily summarizes some methods.
Project Overview
Parcl is a decentralized real estate index derivatives platform based on the Solana public chain.
Parcl’s real estate index is similar to REITs (real estate investment trusts) in traditional finance, but Parcl does not directly tokenize the mature REITs products. Instead, Parcl Labs collects data points from a certain urban area and calculates them to create a real estate market price index for the current area. The Parcl development team transmits it on the chain through the Pyth oracle. Odaily Note: The Parcl Labs Price Data Source (PLPF) provides daily estimates of the price per square foot of residential real estate for multiple markets and property types.
Parcl has previously been put into operation using version V2. Odaily Planet Daily has also compiled a related article "A Complete Guide to Parcl, the RWA Platform on the Solana Chain: How Does RWA Change Real Estate Investment? Attached is a Full-Process Usage Guide". This article will not go into details about the product usage process. If you are interested, you can read the previous article to learn more.
Parcl runs the V3 protocol version, which expands liquidity issues compared to previous versions, introduces decentralized governance, and risk control functions to protect LPs (liquidity staking providers) and traders from excessive market imbalances. In essence, there is no significant difference in user experience compared to previous versions.
According to the product page, Parcl has a total of 10 real estate market indices that can be traded, mainly in urban areas in the United States. However, in the near future, cities such as Hong Kong, China, London, UK, and Jakarta, Indonesia will be launched.
Currently, there are no other restrictions on Parcl trading, and it can be traded if the price is higher than 1 USDT. However, the author observed that the rise and fall of each regional index is relatively low. The data in the figure above shows the rise and fall rate of 10x leverage in 3 months. Therefore, Parcl is more suitable for investors with large funds and diversified asset returns. Ordinary investors may be accustomed to the high volatility of the crypto market and may prefer traditional financial markets for long-term and relatively stable assets.
According to DeFiLlama data, Parcl TVL is $75.44 million, more than 3 times the beginning of the year. With the Parcl airdrop approaching, the number of LPs and traders in the project has increased, which may be the core reason for the growth of Parcl TVL.
Predicting the Parcl airdrop standard, perhaps NFT holders have the opportunity to receive airdrops
According to official news, Parcl launched the PRCL token in April this year, with a total of 1 billion tokens and an initial community supply of 7%-8%. The uses of the PRCL token can be summarized as follows:
Data functionality: PRCL tokens are integrated into the Parcl Labs API as a gated mechanism for access to high-quality residential real estate data.
· Further protocol incentive programs: Eligible PRCL holders will have the opportunity to participate in Perpetual Network Incentives (e.g., points), which will be launched shortly after the initial distribution event.
Other specific contents of token economics will be officially disclosed in March this year, and Odaily will continue to pay attention.
How to obtain potential airdrop opportunities? The author found the following possible airdrop standards by querying the development history of the Parcl project.
1. Parcl’s points activity: currently in its second season, this points activity adopts three standards: LP providers 4 points/USD; traders 2 points/USD (calculated when opening a position); inviting new users (new users 10% points). According to data, nearly 150,000 people are currently participating in this activity.
2. NFT holders: Parcl issued "Homeowners Association" in May 2022 with an issue price of 0.5 SOL, but it fell below the issue price less than half a year after its issuance; affected by the airdrop expectations, the price rose to 15 SOL at the end of 2023, and currently no one is selling it on Opensea.
summary
Parcl is different from other RWA real estate projects, especially based on the technical details of the real estate market index developed by its Parcl Labs. The team is relatively professional, and most of its members come from Microsoft and well-known financial institutions. The design of the project is also relatively novel, using a derivatives trading platform based on self-developed indexes, which is different from other directly tokenized traditional financial assets. Parcl has no restrictions on entry barriers, allowing most Web3 users to participate directly (except the United States), which also makes it easier to expand.
Although the threshold is not limited, limited returns may become one of the limiting factors for its expansion. Due to the natural attributes of real estate, market volatility is lower than that of the crypto market, which is more suitable for investors who seek stability and are familiar with real estate. The trading enthusiasm of Web3 users may be hindered.
In addition, according to the token economic model officially released by Parcl, the initial supply accounts for only 7%-8%. Some tokens may be used to reward participation in transactions or add LP models to attract more users to participate and continue to attract traffic.
In summary, the fundamentals of the Parcl project are good, and its subsequent development will depend on the token strategy after the airdrop.
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