Token Economics of Parcl (PRCL) Coin

Parcl (PRCL) Coin, the native crypto powering the decentralized marketplace for virtual worlds and NFTs, boasts a maximum token supply of 1 billion, designed to drive platform adoption and facilitate the seamless exchange and ownership of digital assets in the metaverse ecosystem.

Dec 19, 2024 at 04:00 pm

Key Points:

• What is Parcl (PRCL) Coin?
• Tokenomics of Parcl (PRCL) Coin
• Distribution and Allocation of PRCL Tokens
• ICO Details
• Future Development and Roadmap

What is Parcl (PRCL) Coin?

Parcl (PRCL) Coin is the native token of the Parcl platform, a decentralized marketplace connecting virtual worlds, digital assets, and non-fungible tokens (NFTs). The platform aims to foster interoperability, liquidity, and the creation of valuable digital experiences by facilitating the seamless exchange and ownership of virtual assets.

Tokenomics of Parcl (PRCL) Coin

The tokenomics of Parcl (PRCL) Coin are designed to drive the adoption, utility, and governance of the Parcl platform.

• Total Supply: There will be a maximum supply of 1,000,000,000 PRCL tokens.
• Token Symbol: The ticker symbol for Parcl Coin is PRCL.
• Technology: Parcl is built on the Ethereum blockchain and will utilize the ERC-20 token standard, ensuring compatibility with a wide range of wallets and decentralized applications (dApps).

Distribution and Allocation of PRCL Tokens

The distribution of PRCL tokens is transparent and will follow a predetermined allocation:

1. Seed Round: 10% of the total token supply will be allocated to early investors and contributors during the seed funding round.
2. Private Sale: 20% of the total token supply will be made available to private investors through various funding stages.
3. Public Sale: A public token sale will be held to distribute 30% of the total token supply to the community, allowing wider participation and token distribution.
4. Foundation and Team: The Parcl Foundation and core team will reserve 20% of the total token supply for future platform development, governance, and incentives.
5. Ecosystem and Partnerships: The remaining 20% of the token supply will be allocated to partnerships, collaborations, and the development of the Parcl ecosystem, fostering innovation and wider adoption.

ICO Details

The initial coin offering (ICO) of Parcl (PRCL) Coin is scheduled to take place in several phases, allowing investors to participate in the project's early development and growth. The ICO will follow KYC and AML procedures to ensure investor protection and regulatory compliance. Details regarding the ICO dates, token price, and participation process will be announced closer to the launch.

Future Development and Roadmap

The Parcl team is actively working on developing the Parcl platform and expanding its capabilities. The project's roadmap includes:

• Virtual World and NFT Marketplace: Launch a marketplace where users can browse, buy, sell, and trade virtual worlds and NFT assets, enhancing interoperability and accessibility.
• Governance Model: Implement a robust governance model to allow token holders to participate in decision-making and the future direction of the Parcl platform.
• Development SDK: Release a software development kit (SDK) that enables developers to create custom virtual worlds, digital assets, and dApps, fostering a thriving ecosystem.
• Integrations and Partnerships: Pursue strategic partnerships with virtual world platforms, metaverse projects, and NFT communities to expand the reach, interoperability, and value of the Parcl ecosystem.

FAQs

1. What is the maximum supply of PRCL tokens? The maximum supply of PRCL tokens is 1,000,000,000.
2. What is the purpose of the Parcl platform? The Parcl platform aims to connect virtual worlds, digital assets, and NFTs, enabling seamless exchange, ownership, and value creation within the metaverse ecosystem.
3. How will the PRCL token be utilized? The PRCL token will be used for platform transaction fees, governance participation, staking incentives, and access to exclusive features and services within the Parcl ecosystem.
4. When will the Parcl ICO take place? The dates for the Parcl ICO will be announced closer to the launch.
5. How can I participate in the Parcl ICO? Details regarding the ICO participation process will be made available on the official website and project documentation.
6. What is the long-term vision for the Parcl platform? The long-term vision for Parcl is to become a ubiquitous hub for creators, users, and communities within the metaverse, fostering digital ownership, innovation, and shared experiences.
7. Where can I find more information about the Parcl project? Visit the official Parcl website, read the project whitepaper, follow project updates on social media, and join the community to stay informed.