According to Foresight News, Solana-based real estate market Parcl has released its token economics. 75 million PRCL tokens, representing 7.5% of the total supply, will be allocated to Parcl point holders. Points are still being accumulated through Season 3, and the final snapshot has not yet been taken. Details of the allocation for early adopters will be announced next week. Parcl stated that this is the first of many incentive distributions for Parcl protocol participants. As part of Parcl's permanent points program, points will continue to be valid in the future. The next distribution is scheduled for the second quarter of 2024.
Five million PRCL tokens (0.5% of the total supply) will be allocated to the core Parcl community, with four million PRCL tokens (0.40% of the total supply) distributed to Homeowners Association (HOA) members. One million PRCL tokens (0.10% of the total supply) will be allocated to eligible Mad Lads series NFT holders. Mad Lads NFT holders need to ensure their holder role in Parcl Discord, with the snapshot set for April 4th.
Additionally, 28% of the tokens will be reserved in the finance department for community, growth, and incentives; 28% will be allocated to early supporters and advisors; 21% will be distributed to core contributors; and 15% will be allocated to the treasury as an ecosystem fund.
