Real estate marketplace Parcl on the Solana blockchain will launch its token PRCL in April, with a total supply of 1 billion.

According to official sources, on February 26, Parcl, a real estate marketplace on the Solana blockchain, announced information about its native token. The details are as follows: · Token name: PRCL · Total supply: 1 billion · Initial community supply: 7-8% · Token use cases: protocol governance, data access, reward points (Detailed token economics will be announced in March) Parcl is the first decentralized trading platform focused on real estate, aiming to create a liquidity market around the world's largest asset class. As previously reported by BlockBeats, Parcl announced the completion of a $4.1 million seed round in March 2022, led by Archetype and with participation from Dragonfly Capital, ParaFi, Shima Capital, Coinbase Ventures, Solana Ventures, among others. They later announced a $7.5 million strategic financing round in May of the same year.