Solana users prepare for another massive airdrop

Solana users can expect another airdrop, as Parcl, the Real World Assets (RWAs) protocol is preparing to launch its PRCL native token.

The protocol announced its plans on Monday to launch PARCL as its native token with a circulating supply initially of 1 billion tokens. Airdrops will receive between 7% and 8 % of the total supply. The tokenomics will also be revealed in March.

Introduction to PRCL

In April, the PRCL Network Token will represent a first step in the decentralization process of the Parcl eco-system.

Read more below🧵

— Parcl Limited (@ParclLimited) February 25, 2024

The PARCL token can be used as a tool for governance, giving users the ability to vote on the future of the protocol. The PARCL token will also be integrated with the Parcl Labs API allowing users to access high-quality data on residential real estate.

Parcl currently ranks 12th in terms of the number of DeFi protocols on the Solana platform, with a Total Value Locked totaling over $100 million. The company is backed by a number of high-profile institutions, including Dragonfly Capital and Coinbase Ventures.

Parcl Reveals Token Amid Solana Airdrop Frenzy

Parcl has been one of the most popular protocols in its category. next NFTs have recently been introduced. reached Solana has reached a major milestone.

Points can serve as a gauge of activity for users and grant them access to special features or rewards. Users with higher points are more likely to win the larger prize during airdrops due to their loyalty to the network.

To adjust the token distribution volume, protocols usually use tiers. A DEX protocol, for example, will use a proxy system or “seasons,” The final results are based on top users within the tiers after volume adjustment.

In our guide, you can find a list of possible airdrops for Parcl.

Airdrops on Solana: The Most Popular Protocols Without a Token