How much is the circulation of Parcl (PRCL) coins?

Parcl (PRCL), the native cryptocurrency of the Parcel real-estate marketplace, plays a vital role in enabling transaction fees, governance participation, and staking rewards.

Dec 22, 2024 at 05:04 am

Key Points:

• Parcl (PRCL) is the native cryptocurrency used within the Parcel platform, a decentralized marketplace for real-world assets.
• The total supply of PRCL coins is 100 million, with a current circulating supply of approximately 40.9 million.
• PRCL is used for various purposes within the Parcel platform, including transaction fees, governance, and staking rewards.
• The value of PRCL is determined by supply and demand in cryptocurrency exchanges and is subject to market fluctuations.
• As of February 2023, the live price of PRCL is approximately $2.25, with a market capitalization of roughly $92 million.

Parcl (PRCL) Coin Circulation

Parcl (PRCL) is a BEP-20 token that operates on the Binance Smart Chain (BSC). The total supply of PRCL coins is fixed at 100 million, and the current circulating supply is approximately 40.9 million. The remaining coins are reserved for future development, marketing, and ecosystem growth.

Uses of PRCL within the Parcel Platform

The PRCL coin serves multiple purposes within the Parcel platform:

• Transaction Fees: PRCL is used to pay for transaction fees on the Parcel platform, ensuring the smooth operation and security of the network.
• Governance: PRCL holders can participate in governance decisions related to the Parcel platform. By staking their coins, they can vote on proposals that shape the future direction of the ecosystem.
• Staking Rewards: PRCL holders who stake their coins earn rewards in the form of additional PRCL tokens. This incentivizes active participation in network security and contributes to the stability of the platform.

Market Dynamics and Value of PRCL

The value of PRCL is primarily determined by the dynamics of supply and demand in cryptocurrency exchanges. Factors such as platform adoption, token utility, market sentiment, and overall cryptocurrency market conditions influence the price of PRCL. As with any cryptocurrency, the value of PRCL is subject to fluctuations and volatility.

FAQs

• What is the total supply of PRCL coins?

  • The total supply of PRCL coins is fixed at 100 million.

• What is the current circulating supply of PRCL?

  • The current circulating supply of PRCL is approximately 40.9 million.

• What are the main uses of PRCL within the Parcel platform?

  • PRCL is used for transaction fees, governance, and staking rewards.

• Where can I buy PRCL coins?

  • PRCL coins can be purchased on various cryptocurrency exchanges, including Binance, KuCoin, and Gate.io.

• Can I stake PRCL coins?

  • Yes, PRCL holders can stake their coins within the Parcel platform to earn additional tokens as rewards for contributing to the network's security.