Today, real estate company Solana Protocol Parcl Limited announced the news of the airdrop for PRCL in April. This release follows other major announcements from Ethereum projects Pixels and Optimism.
It uses the Parcl real estate protocol Solana Trust the network via an airdrop for community members planned for April.
How will Airdrop Parcl work?
Parcl will mint 1,000,000,000 tokens and send 7-8% to the community. Around 10-12% of tokens are currently in circulation.
The new token will give its holders decentralized application management and access to real estate data. Grant recipients will also be eligible for future incentive programs, while the Parcl Foundation will coordinate governance decisions. The Parcl team will reveal the tokens in March.
In the meantime, Parcl assures those eligible for Airdrop that they will be informed via official channels. The actual drop event will take place on an undisclosed date in April.
Parcl is a Solana protocol that provides access to global real estate indices and allows permanent futures margin trading. It also provides access to real-time real estate data in popular areas such as New York, London, Paris and Miami. The project received funding from Dragonfly Capital and Coinbase Ventures.
The protocol has a total value locked of $78.6 million and an open interest of $63.5 million in futures contracts. Trading volume over the past 24 hours reached $234.2 million. This despite a service outage Solana Recently, prompting cryptocurrency influencer Beanie to Encourage the boycott the network.
"We gave Solana the benefit of the doubt a few years ago when it was steadily collapsing. But I don't see how the market can allow so much inefficiency to deteriorate now. Return this channel to zero Broken venture capital powerhouse.” » said Beanie.
Meanwhile, other airdrops are also preparing to launch in 2024. Friend.tech, a social media platform that boosts cryptocurrency influencer interactions, has hinted at an upcoming airdrop. The Ethereum Optimism Layer 2 project will also airdrop 10 million OP tokens.
Earlier this month, gaming project Web3 Pixels announced a RON token airdrop. The Airdrop event will release 20 million PIXEL tokens in two tranches. Maximum rewards can be up to 3,955p per eligible wallet.
While airdrops can be profitable, they can also be a breeding ground for cryptocurrency scams. In Singapore, police recently warned the public about so-called dumping tools that criminals are promoting as a service on the dark web.
These groups send users to a phishing website to perform a supposed airdrop, where they are asked to authorize themselves and connect a cryptocurrency wallet, after which a smart contract tricks them into revealing their funds. Hackers then send the stolen cryptocurrencies through a series of cryptocurrency mixers that cover the money trail. BeInCrypto contacted Parcl to inquire about how recipient funds are secured, but did not receive a response at the time of publication.
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