Parcl, the real estate market on the Solana chain, will launch token PRCL in April, with a total supply of 1 billion.

According to official sources, Solana-based real estate market Parcl 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, incentive rewards

(Detailed token economics are expected to be announced in March)

Parcl is the first decentralized trading platform focusing on real estate, aiming to create a liquidity market around the world's largest asset class.

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. It announced a $7.5 million strategic financing in May of the same year.